Investing.com -- Hertz Global Holdings (OTC: HTZGQ) first-quarter results are likely to be more "challenging" than expected, underscore by the rental car company's recent leadership change as it pivots away from electric vehicles.
"We would prepare for a more challenging 1Q result and potentially more actions needed to address fleet challenges," analysts at Morgan Stanley said in a Monday note, ahead of the company's result expected Apr. 25.
Hertz said it had... (continue reading...)
Investing.com-- Apple Inc (NASDAQ: AAPL) is in talks with Alphabet Inc's (NASDAQ: GOOGL) Google to use the latter's Gemini generative artificial intelligence to incorporate AI features into its flagship iPhones, Bloomberg reported on Monday.
The two parties are in active negotiations to let Apple license Gemini in some upcoming features for the iPhone's software, Bloomberg reported, citing people familiar with the matter.
Apple had... (continue reading...)
Last week, the S&P 500 witnessed its second consecutive weekly loss, with tech stocks feeling the heat amid ongoing inflation worries as the Federal Reserve's next policy meeting looms.
The broad index fell by 0.65% on Friday, closing at 5,117.09.
On the same day, the Dow Jones Industrial Average dropped by 190.89 points, or 0.49%, ending at 38,714.77, while the Nasdaq Composite decreased by 0.96%, finishing at 15,973.17.
Over the week, the S&P 500 saw a slight decrease... (continue reading...)
Investing.com -- This week's Federal Reserve meeting will be the major focus this week, although the Bank of Japan and the Bank of England also hold rate-setting meetings. Apple and Google are reportedly discussing an AI deal, while Nvidia hosts its latest developer conference.
1. Fed meeting looms largeIt’s central bank week this week, with central banks in a number of major industrialized nations set to meet.
The main focus, however, will be on the Federal Reserve,... (continue reading...)
Investing.com -- Main U.S. indexes declined Friday on inflation concerns after a week of disappointing economic data caused traders to pare bets on near-term Fed rate cuts.
Here are some of the biggest U.S. stock movers today:
Adobe Systems (NASDAQ: ADBE) stock fell 14% after the software giant issued weaker-than-expected second quarter revenue guidance on higher competition and weak demand for its AI offerings.
Ulta Beauty... (continue reading...)
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