DailyEdge

Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024 as Wall Street looks for a bumper crop of initial public offerings in 2025.

TSLA Stock Surges In Wednesday Pre-Market After Multiple Price Target Hikes Elon Musk-Led EV Giant Has Made Investors $490 Billion Richer So Far In 2024. Benzinga reports.

TSLA Stock Surges In Wednesday Pre-Market After Multiple Price Target Hikes Elon Musk-Led EV Giant Has Made Investors $490 Billion Richer So Far In 2024. Benzinga reports.

Taiwan Semiconductor Manufacturing Co.’s sales rose 34% in November, reflecting sustained growth from AI demand despite concerns that data center building will slow.

U.S. stock futures suggest a subdued opening as investors await November payrolls data, a key economic report that may influence Federal Reserve policy and market direction. Federal Reserve Chair Jerome Powell’s recent remarks on the economy’s strength have tempered rate cut expectations, adding to today’s cautious sentiment.

U.S. stock futures point to a cautious opening on Thursday after a record-high close on Wednesday. With Bitcoin hitting a new milestone of $103,000, investors are bracing for jobless claims data while watching closely for signals from the Federal Reserve on economic growth and inflation.

The company reported Q3 revenue of $9.44 billion, exceeding analyst estimates of $9.35 billion, and delivered an adjusted operating margin of 33.1%. The company's robust performance, paired with optimism around its AI-driven strategy, has fueled investor confidence, sending shares toward record highs in pre-market trading

The company is facing legal action in the UK over claims that businesses using cloud computing services from Amazon, Google, and Alibaba may be paying higher license fees to use its Windows Server software. The lawsuit alleges anti-competitive practices, potentially leading to higher costs for thousands of cloud customers. The outcome of the case could have significant financial and regulatory implications for Microsoft and its cloud services business.

Stellantis stock dropped as much as 8.9% on Monday, marking its lowest point in over two years, following the sudden resignation of CEO Carlos Tavares on Sunday. The unexpected leadership change has heightened investor concerns about the carmaker’s ability to navigate challenges, including U.S. overcapacity, sluggish global car demand, and rising competition from Chinese automakers.

Australia’s new Social Media Minimum Age Bill bans children under 16 from using platforms like Instagram, Facebook, TikTok, and Snapchat. Meta, ByteDance (TikTok), and Snap could face hefty fines of up to $32 million (AUD 49.5 million) for violations. The law, passed Thursday, also exempts YouTube from the age restriction, marking a significant step in regulating social media access for minors. Benzinga reports.