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Stockmarket

All articles tagged with #stockmarket

Ubisoft slides after six-game cancellation and major restructuring
business1 month ago

Ubisoft slides after six-game cancellation and major restructuring

Ubisoft’s stock dropped about 33% after it announced a broad restructuring, closing studios and canceling six games, and warned of around €1 billion in operating losses for the year ending 2026 with a €650 million write-down. The plan includes €500 million in cost cuts, aiming for fixed costs of €1.25 billion by 2028, and net bookings of roughly €1.5 billion for 2026, with potential asset sales as part of the reset.

ADP Reports Unexpected Job Loss Amid Government Shutdown, Sparks Fed Rate Cut Expectations
economy4 months ago

ADP Reports Unexpected Job Loss Amid Government Shutdown, Sparks Fed Rate Cut Expectations

The ADP report revealed a surprising private sector job loss in September amid the government shutdown, raising economic concerns and increasing the likelihood of a Fed rate cut on October 29. Stock markets declined slightly, and bond yields fell, reflecting investor caution. The shutdown's duration could further impact economic growth and federal employment, with market expectations now fully pricing in a rate cut.

StubHub's IPO Debut and Market Performance Overview
business5 months ago

StubHub's IPO Debut and Market Performance Overview

StubHub's IPO raised $800 million, with shares opening slightly above the offering price of $23.50, reflecting strong investor interest in the ticket resale marketplace. The company, which processed over 40 million ticket sales last year and reported a 29.5% revenue increase to $1.77 billion in 2024, faces competition from TicketMaster and others, amid regulatory scrutiny of the ticket resale industry.

Tesla Shares Drop Amid Escalating Musk-Trump Political Clash
business8 months ago

Tesla Shares Drop Amid Escalating Musk-Trump Political Clash

Tesla stock dropped 6% in premarket trading after President Trump suggested that a government department should review subsidies given to Elon Musk's companies, reigniting their public feud. The dispute has caused significant volatility in Tesla's stock, with past conflicts leading to sharp declines. Analysts believe the situation may eventually settle, but it remains a concern for investors due to the ongoing tension between Musk and Trump.

S&P 500 Nears Record High Amid Global Trade Talks and Uncertainty
business8 months ago

S&P 500 Nears Record High Amid Global Trade Talks and Uncertainty

The S&P 500 is close to its record high despite global tensions, trade tensions, and economic concerns, driven largely by a few major tech stocks. While short-term market volatility has decreased, underlying uncertainties such as geopolitical conflicts, inflation risks, and government debt remain, raising questions about the sustainability of the rally.

Intel Macs Phase Out as Apple Moves to New Operating Systems
business8 months ago

Intel Macs Phase Out as Apple Moves to New Operating Systems

Intel's stock surged over 8% after reports indicated that support for Intel processors in Apple Macs will end with the new MacOS Tahoe, marking the conclusion of Apple's five-year migration from Intel to its own processors. Despite this, Intel's shares gained due to positive developments in US-China trade talks and Department of Defense cybersecurity initiatives. However, analysts maintain a cautious outlook with a hold consensus and a modest downside risk, reflecting ongoing challenges for Intel.