Dan Loeb's Third Point LLC reduced stakes in tech, software & other sectors in 2024. Still holds largest share in utility co. PCG. Also cut shares in AMZN & MSFT while raising in 2024. AMZN stock up 40.51% in 2024 while MSFT up 2.4%. PCG reports Q4 results on Feb 13, 2025.
AWS and Booz Allen announce expanded partnership to enhance technology solutions for U.S. government missions, including cloud migration, cybersecurity, and AI. AWS plans to release Q4 2024 results on 2/6/2025.
Shares of AMZN spiked as much as 5.7% in aftermarket hours on elevated volume. ETFs having a substantial allocation to this online behemoth are also set to soar.
Amazon raises hourly pay by $1.50 for front-line employees, bringing average total compensation to $29/hr. Total investment of $2.2B for 800K employees.
Rising consumer sentiment bodes well for household spending in the coming months. Investors can tap the encouraging trend in the basket form through consumer discretionary ETFs.
Home Depot's revenue declined in Q2 due to cautious consumers and tough market trends. Analysts predict lower financing costs and maintain $360 target.
Shares of Amazon dropped as much as 8% in aftermarket hours on elevated volume. ETFs having a substantial allocation to this online behemoth have been in focus.
Tesla Inc. (NASDAQTSLA) saw a 24% drop in California car registrations in Q2, marking the third consecutive quarter of declining sales. High interest rates and increased competition have driven consumers toward more affordable hybrid options. Meanwhile, Tesla's Model Y market share fell to 53.4% in the first half of the year, down from 64.6%.
Tesla Inc (NASDAQTSLA) has increased the delivery wait times for its Model 3 sedan in China to 3-5 weeks. The previous wait time was 2-4 weeks. The Model Y crossover's delivery time remains at 1-3 weeks.
Tom Peddie reportedly rejoins Nike as vice president of marketplace partners to mend retail relationships and address sales decline. With CEO John Donahoe, Nike seeks to reconnect with retailers such as Foot Locker following a strategic shift to in-house sales and e-commerce.
Bay Area Air Quality Management District has ordered Tesla to address air quality violations at its Fremont factory. The order follows recent accusations of harmful emissions without proper abatement.
In a significant legal move, Tesla Inc. is reportedly suing Matthews International, claiming the company misappropriated Tesla's proprietary dry electrode battery technology to the detriment of Tesla's competitive edge and innovation.
Vanguard, Tesla Inc.'s largest external investor, played a crucial role in approving CEO Elon Musk's $56 billion pay package at the recent shareholder meeting, reversing their initial stance due to Tesla's impressive performance and shareholder returns since 2018.
Amazon commits $1.4 billion to Housing Equity Fund, creating 14,000 affordable units in Seattle, Nashville, and Washington metro areas. Also invests in Taiwan for cloud services.
Elon Musk, CEO of Tesla Inc. (NASDAQTSLA), is accused in a new lawsuit of using insider information to profit from selling Tesla shares. The Employees' Retirement System of Rhode Island claims these sales were timed before negative news that would lower Tesla's stock value.
Nordic brokerages like Avanza and Nordnet are allowing their clients to vote at Tesla's AGM for the first time, in response to high demand and Elon Musk's proactive stance on shareholder involvement. This year's AGM is particularly significant as it could determine the future of Musk's leadership amidst debates over his compensation and shareholder rights.
