5 THINGS TO KNOW BEFORE THE USA STOCK MARKET OPENS
- Posted on September 05, 2024
- Editors Pick
- By admin
Investors closely watch Broadcom's (AVGO) quarterly results, particularly its AI-related updates. Broadcom is expected to announce Microsoft-backed OpenAI as a new AI chip customer. Revenue is projected to reach $13.04 billion, though net income may decline to $2.91 billion.
Biden Set to Block Nippon Steel's Takeover of U.S. Steel
President Joe Biden is reportedly preparing to block Nippon Steel's $14.1 billion acquisition of U.S. Steel. U.S. Steel shares are rising 3% premarket after a 17% drop on Wednesday.
Verizon Announces $20 Billion Takeover of Frontier Communications
Verizon (VZ) plans to acquire Frontier Communications (FYBR) in an all-cash deal. Frontier shares jumped 38% following the announcement, while Verizon shares rose slightly.
Stellantis Pauses Jeep Wrangler and Grand Cherokee Production
Stellantis (STLA) temporarily halted production of its popular Jeep models due to high inventory levels. The company expects to resume production shortly.
Tesla Delays Full Self-Driving Rollout in China and Europe
Tesla (TSLA) will delay the launch of its Full Self-Driving (FSD) technology in China and Europe until Q1 2025, pending regulatory approval. Tesla shares are up over 2% in premarket trading.
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