8.5 million Microsoft devices affected by crash
Key points: A software update failure from CrowdStrike affected 8.5 million Windows devices. Consequences: flight cancellations, disru…
Stock market and company news
Earnings, dividends, corporate deals and market-moving events selected by ParadNEWS to help investors understand what is driving stock prices.
S&P 500 e-mini rises after Biden’s decision
Key points: S&P 500 e-mini futures rose slightly after US President Joe Biden announced his withdrawal from the presidential race.…
OpenAI introduces new GPT-4o mini model
Key points: OpenAI introduces the GPT-4o mini, an affordable option for companies on a budget. OpenAI, a leader in AI software backed …
Wall Street plummets mid-earnings season
Key points: All three major US indices ended the session with sharp declines. Investors have become more cautious about technology sto…
Netflix subscriber growth slows
Key points: In the second quarter of 2024, Netflix posted its lowest subscriber growth in five quarters. Netflix’s advertising r…
Johnson & Johnson beats Wall Street forecasts
Key points: Strong sales growth driven by key pharmaceuticals such as Darzalex and Stelara. Increased 2024 forecast: total sales from …
Morgan Stanley’s trading profits rise
Key points: Institutional securities trading revenues rose 23% to $7 billion. Investment banking revenues jumped 51% to $1.62 billion.…
Goldman Sachs profit exceeds forecasts
Key points: Earnings in the second quarter of 2024: More than double last year, beating analysts’ expectations. Reorientation to…