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Credit: Image by Yahoo via YAHOO NEWS Publicis to Acquire Lotame: A Game-Changer in Data Technology (Reuters) – In a significant move for the advertising industry, French advertising giant Publicis has announced its agreement to acquire Lotame, a leading data and ID technology group. This acquisition is poised to double the number of individual profiles…
Credit: Image by Yahoo via YAHOO NEWS US Farm ETFs Hit Hard by New China Tariffs In a significant blow to the American agricultural sector, China has announced retaliatory tariffs ranging from 10% to 15% on U.S. farm products, affecting approximately $21 billion worth of agricultural exports. This development comes at a time when farm…
Credit: Image by Yahoo via YAHOO NEWS Venture Global Raises Plaquemines LNG Project Cost by $2 Billion (Reuters) – Venture Global has announced a significant increase in the projected costs for its Plaquemines LNG plant located in Louisiana. The company now estimates that the project will cost approximately $2 billion more than previously forecasted, primarily…
Top 2 Warren Buffett Stocks to Invest in March 2024 Berkshire Hathaway, the colossal conglomerate led by Warren Buffett, has made significant moves in the stock market recently. In 2024, the company sold a considerable amount of shares, notably trimming its stakes in two of its largest holdings: Apple and Bank of America. This shift…
Macy’s Fourth Quarter Results: Surprising Profits Amidst Sales Struggles The latest financial report from Macy’s has sent ripples through Wall Street, revealing a mixed bag of results for the fourth quarter. While the company reported a surprising net income of $342 million, or $1.21 per share, for the three-month period ending February 1, 2023, sales…
Macy’s 2025 Sales and Profit Forecasts (Reuters) – In a significant announcement on Thursday, Macy’s projected its annual sales and profit for 2025 to fall below Wall Street’s expectations. This forecast aligns with a broader trend among U.S. retailers, who are grappling with soft consumer demand amid ongoing economic uncertainty. Economic Factors Impacting Retail The…
Wall Street Faces Turbulence as Tech Earnings Disappoint (Bloomberg) — Stock futures indicated a significantly weaker opening for Wall Street, as rising global bond yields, escalating trade-war fears, and disappointing tech earnings unsettled markets. Contracts on the Nasdaq 100 fell by 1.2%, while those on the S&P 500 dropped by 1%. Marvell Technology Inc. saw…
Klarna’s Upcoming $1 Billion IPO: What You Need to Know (Bloomberg) — Klarna, the prominent payments business, is gearing up to raise at least $1 billion through a US initial public offering (IPO) and is expected to file publicly as soon as next week, according to sources familiar with the situation. The company aims to…
Alibaba’s Stock Skyrockets Amidst Revolutionary AI Tool Launch (Bloomberg) — Alibaba Group Holding Ltd.’s stock surged the most in weeks after taking the wraps off a model that it claims performs as well as DeepSeek with just a fraction of the data required. China’s e-commerce leader, which in 2025 jumped to the forefront of the…
Tesla’s New Megafactory: A Game Changer for Texas (Reuters) – In a significant development for the electric vehicle industry, Tesla is preparing to establish a new megafactory near Houston, Texas, specifically designed to operate a state-of-the-art battery storage facility. This news comes from a report by Electrek, which highlights a tax abatement agreement with Waller…
