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Sector Update: Tech
Sector Update: Tech
May 3, 2024
01:31 PM EDT, 05/03/2024 (MT Newswires) -- Tech stocks were gaining Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.9% and the SPDR S&P Semiconductor ETF (XSD) adding 2.3%. The Philadelphia Semiconductor index rose 2.2%. In corporate news, Apple's ( AAPL ) shares surged 7% after its earnings and sales beat market expectations, and it also announced...
US Equity Indexes Jump as Slumping Payrolls Instill Life Into Rate Cut Hopes
US Equity Indexes Jump as Slumping Payrolls Instill Life Into Rate Cut Hopes
May 3, 2024
12:35 PM EDT, 05/03/2024 (MT Newswires) -- US equity indexes rose, while government bond yields dropped after midday Friday as a steeper-than-expected decline in nonfarm payrolls raised bets on interest rate cuts. The S&P 500 rose 1% to 5,112.3, with the Nasdaq Composite up 1.7% to 16,113.4 and the Dow Jones Industrial Average 1% higher at 38,605.6. All sectors except...
Sector Update: Health Care
Sector Update: Health Care
May 3, 2024
01:35 PM EDT, 05/03/2024 (MT Newswires) -- Health care stocks were mixed Friday afternoon, with the NYSE Health Care Index down 0.2% and the Health Care Select Sector SPDR Fund (XLV) adding 0.2%. The iShares Biotechnology ETF (IBB) climbed 1.6%. In corporate news, Amgen's ( AMGN ) shares climbed more than 12% after the company's Q1 adjusted earnings outpaced forecasts...
Weak Jobs Report Leaves Exchange-Traded Funds, US Equities Higher
Weak Jobs Report Leaves Exchange-Traded Funds, US Equities Higher
May 3, 2024
12:56 PM EDT, 05/03/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were trading higher. Actively-traded Invesco QQQ Trust (QQQ) was up 2%. US equity indexes rose, while government bond yields dropped after midday Friday as a steeper-than-expected decline in nonfarm payrolls raised bets on interest rate cuts. Energy iShares US Energy ETF (IYE) fell...
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Tesla cuts price of Full Self-Driving software by a third to $8,000
Tesla cuts price of Full Self-Driving software by a third to $8,000
Apr 20, 2024
San Francisco (Reuters) - Tesla slashed the price of its Full Self-Driving driver assistant software to $8,000 from $12,000 in the United States, its website showed on Saturday. ...
Is it safe to give out my card details over the phone?
Is it safe to give out my card details over the phone?
Apr 19, 2024
Key takeaways Credit card payments made over the phone or internet are classified as card- not-present (CNP) payments. CNP payments come with more fraud risk for both merchants and consumers. Businesses who follow PCI data security guidelines should have systems in place to help protect consumers' card data. Paying over the phone with a credit card is generally safe,...
US commerce secretary downplays chip in advanced Huawei phone
US commerce secretary downplays chip in advanced Huawei phone
Apr 21, 2024
WASHINGTON (Reuters) - The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working. Huawei, which has been on a trade restriction list since 2019, surprised the industry...
US commerce secretary downplays chip in advanced Huawei phone
US commerce secretary downplays chip in advanced Huawei phone
Apr 21, 2024
WASHINGTON, April 21 (Reuters) - The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working. Huawei, which has been on a trade restriction list since 2019, surprised...
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Boeing, machinists kick off high-stakes contract talks on  Friday
Boeing, machinists kick off high-stakes contract talks on Friday
Mar 5, 2024
(Reuters) - Boeing ( BA ) and its largest union open talks on Friday seeking the first new contract in 16 years as the U.S. planemaker grapples with its ongoing 737 MAX safety crisis and after big gains by workers in other sectors of the economy. U.S. unions have capitalized on tight labor markets to win hefty contracts at the...
Planet Labs Wins Vessel Monitoring Contract From NIWC Pacific
Planet Labs Wins Vessel Monitoring Contract From NIWC Pacific
Mar 5, 2024
01:06 PM EST, 03/05/2024 (MT Newswires) -- Planet Labs PBC ( PL ) said Tuesday its Planet Labs Federal unit won a contract for vessel detection and monitoring across Pacific regions from the Naval Information Warfare Center Pacific. Under the seven-figure contract, the earth imaging company said it will provide real-time satellite data and analytics that will be integrated into...
Tyler Technologies Secures Contract for Digital Government Solutions in Maryland
Tyler Technologies Secures Contract for Digital Government Solutions in Maryland
Mar 5, 2024
01:04 PM EST, 03/05/2024 (MT Newswires) -- Tyler Technologies ( TYL ) said Tuesday it has signed a five-year contract with the State of Maryland for the company's digital government solutions after a competitive procurement process. The contract, which is extendable for five additional years at the state's discretion, features a cloud-hosted infrastructure and includes delivering on Maryland's goals of...
Akari Therapeutics, Peak Bio to Merge as Equals
Akari Therapeutics, Peak Bio to Merge as Equals
Mar 5, 2024
01:06 PM EST, 03/05/2024 (MT Newswires) -- Akari Therapeutics ( AKTX ) will merge with OTC-traded Peak Bio in an all-stock transaction giving each firm equal share of the combined company. The companies said Tuesday the combined entity will operate as Akari Therapeutics ( AKTX ) and continue to use AKTX ticker on Nasdaq. The transaction is expected to complete...
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