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Workers at Volkswagen's Tennessee plant have voted to join the United Auto Workers in a historic victory for organized labor, marking the union's successful drive at a foreign automaker and a milestone in unionization in the anti-union U.S. South.
Super Micro Computer Inc.'s stock is dropping significantly following the announcement of the upcoming earnings report release date without any early results, leading to a negative impact on investor sentiment and a sharp decline in share value.
News regarding Trump Media (NASDAQ: DJT) stock has been tumultuous, with shares plummeting by over 65% post IPO due to significant losses revealed in an SEC filing. Despite a brief surge following measures to prevent short selling, including accusations of market manipulation, the stock remains volatile as the CEO alleges unfair targeting by short sellers.
Intuitive Surgical (ISRG) reported strong financial results for Q1 2024, exceeding analyst expectations and experiencing a stock price increase of over 3% in after-hours trading. The company's leadership in robotic-assisted surgery and growth in minimally invasive procedures contribute to positive market sentiment.
American Express Company (NYSE: AXP) reported a strong first-quarter, with a 11% increase in revenue to $15.8 billion and a 39% rise in EPS to $3.33, driven by increased spending and new card acquisitions. The results surpassed Wall Street expectations, reflecting positive growth momentum for the company.
Tesla is recalling almost 4,000 Cybertrucks due to a faulty accelerator pedal that may pose a safety risk, as reported by the U.S. National Highway Traffic Safety Administration (NHTSA).
Procter & Gamble (NYSE:PG) reported a 1% increase in net sales in the third quarter of fiscal year 2024, reaching $20.2 billion. Despite a positive rise in earnings per share by 11%, there was a slight disappointment in quarterly sales performance. Adjusted free cash flow and operating cash flow were reported at $4.1 billion and net earnings at $3.8 billion for the quarter. Furthermore, the company raised its fiscal-year earnings guidance.
Apple complied with an order from Beijing to remove Meta Platforms' WhatsApp and Threads from the Chinese App Store, amid increasing technological tensions between the US and China.
Market sentiment turned cautious as oil prices surged and Asian stocks plunged following reports of escalating tensions in the Middle East due to missile strikes and explosions in Iran, leading to concerns about wider conflict and impacting trading behaviors globally.