Market updates

California Advances Towards AI Regulation
August 31, 2024 02:27 AM AEST| By Team Kalkine MediaThe California State Assembly has given the green light to the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB 1047), a pivotal move towards regulating artificial intelligence within the United States.,This legislation...

Broadcom Poised for Upside to Quarterly Results Led by AI, VMware, Oppenheimer Says
August 31, 2024 02:16 AM AEST| By EODHDBroadcom Poised for Upside to Quarterly Results Led by AI, VMware, Oppenheimer Says

Top Midday Stories: Fed's Preferred Inflation Gauge Meets Expectations; Alibaba Cleared of Monopoly Allegations in China
August 31, 2024 02:04 AM AEST| By EODHDTop Midday Stories: Fed's Preferred Inflation Gauge Meets Expectations; Alibaba Cleared of Monopoly Allegations in China

Ulta Beauty's Quarterly Miss, Guidance Cut May Weigh on Shares in Near Term, Evercore ISI Says
August 31, 2024 01:30 AM AEST| By EODHDUlta Beauty's Quarterly Miss, Guidance Cut May Weigh on Shares in Near Term, Evercore ISI Says

Most major retailers and grocers will be open on Labor Day. Costco and your bank will be closed
August 31, 2024 01:30 AM AEST| By EODHDWASHINGTON (AP) — The origins of Labor Day date back to the late 19th century, when activists first sought to establish a day that would pay tribute to workers. The first U.S. Labor Day celebration to...

Dollar General Cuts 2024 Earnings Forecast Amid Rising Competition, Economic Pressures, UBS Says
August 31, 2024 01:15 AM AEST| By EODHDDollar General Cuts 2024 Earnings Forecast Amid Rising Competition, Economic Pressures, UBS Says

Dollar Tree Still 'Compelling Investment Opportunity' Despite Negative Market Sentiment, UBS Says
August 31, 2024 01:13 AM AEST| By EODHDDollar Tree Still 'Compelling Investment Opportunity' Despite Negative Market Sentiment, UBS Says

Audi sales chief steps back, to be replaced by Porsche Europe head
August 31, 2024 01:04 AM AEST| By EODHDBERLIN (Reuters) - Audi's sales chief Hildegard Wortmann has chosen to step back from her role and will be replaced by Marco Schubert, head of Europe at Porsche AG, Audi said on Friday. Wortmann moved...

Norfolk Southern and BNSF reach tentative agreements with additional labor unions
August 31, 2024 01:00 AM AEST| By EODHDBNSF previously had reached agreements with four other unions, including the Brotherhood of Railway Carmen Division/TCU, SMART-Mechanical Division, and the Transportation Communications Union/IAM, and...

Marvell Turns Corner on AI Chip Demand. Its Earnings are Positive for Broadcom.
August 31, 2024 12:57 AM AEST| By EODHDThe company forecast higher revenue and earnings per share than Wall Street had expected for its fiscal third quarter. Continue reading View comments

Boeing Company's Drone Flies 7 Hours on Hydrogen Fuel Cell
August 31, 2024 12:50 AM AEST| By EODHDAurora Flight Sciences, a Boeing subsidiary, recently completed a seven-hour flight test of the SKIRON-XLE, a fuel-cell-powered small uncrewed aircraft system (sUAS). The test flight was conducted at...

Norfolk Southern Announces Tentative Contracts with Five More Unions
August 31, 2024 12:33 AM AEST| By EODHDNorfolk Southern Announces Tentative Contracts with Five More Unions

Retail Footfall Remains Resilient Despite Riot Disruption
August 31, 2024 12:22 AM AEST| By Team Kalkine MediaRetail footfall in August showed a notable degree of resilience, benefiting from favorable weather and summer sales despite earlier disruptions caused by riots across England.,Data from the British Retail Consortium (BRC) indicates that while footfal...

Wolters Kluwer Experts Offer End-of-Year Compliance Checklist Webinar
August 30, 2024 11:04 PM AEST| By EODHDWebinar to cover Corporate Transparency Act reporting rule, other year-end considerations MINNEAPOLIS, August 30, 2024--(BUSINESS WIRE)--Experts from Wolters Kluwer CT Corporation will offer guidance...

Big banks are taking heat for paying low rates on idle cash
August 30, 2024 10:19 PM AEST| By EODHDThe scrutiny of how banks and brokerages treated their customers during an era of high interest rates is heating up just as that era draws to a close. Raymond James (RJF) and JPMorgan Chase (JPM) were...

Analysts Say This Stock Is Likely To Hit $1 Trillion Next
August 30, 2024 10:00 PM AEST| By EODHDWarren Buffett's Berkshire Hathaway just became the seventh S&P 500 company to hit a $1 trillion market value. So, who's next? Continue reading View comments

Update: Market Chatter: Amazon Turns to Anthropic's AI to Power Updated Alexa
August 30, 2024 10:00 PM AEST| By EODHDUpdate: Market Chatter: Amazon Turns to Anthropic's AI to Power Updated Alexa

Inflation is causing pet parents to pull back on treats, says J.M. Smucker’s CFO
August 30, 2024 09:37 PM AEST| By EODHDGood morning. A snack to fit your mood, a sandwich for lunch, or even giving your dog a treat, are just some of the “consumer occasions” that J.M. Smucker Company strives to supply, says CFO Tucker Ma...

Market Chatter: Nutrien Retreats in Brazil After Mishaps, Executive Departures
August 30, 2024 09:26 PM AEST| By EODHDMarket Chatter: Nutrien Retreats in Brazil After Mishaps, Executive Departures

House Prices Rise at Fastest Rate Since Late 2022
August 30, 2024 09:06 PM AEST| By Team Kalkine MediaHouse prices in the UK experienced their most significant increase since December 2022 in the year leading up to August, according to data released by Nationwide on Friday. The figures reveal that house prices surged by 2.4% over the past year, eleva...
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