Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush, aiming to pressure the retailer into contract talks with their union. 

Amazon workers strike at seven US facilities ahead of Christmas rush

The U.S. stock market experienced mixed results during the week of December 9-13, 2024. The S&P 500 and the Nasdaq Composite saw slight gains, while the Dow Jones Industrial Average ended relatively flat. 

FOMC & OPEX  

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.

Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024 

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. 

TSLA Stock Surges In Wednesday Pre-Market After Multiple Price Target Hikes

The U.S. stock market had a strong week from December 2 to December 6, 2024, continuing its upward momentum from November's gains. 

JOB NUMBERS & INTEREST RATE CUTS

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

TSMC Revenue Jumps 34% in November in Sign of AI Demand

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. 

Caution in Markets Ahead of Payrolls Data Release

Caution In Markets Ahead Of Payrolls Data Release

We’re exploring one of the most discussed topics in trading: the Golden Cross and Death Cross. These patterns are not just intriguing, but also essential for understanding market trends and momentum.

Golden Cross Vs. Death Cross

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.

U.S. Stocks Face Tepid Start as Bitcoin Surpasses $103K: Investors Await Jobless Claims Data

U.S. Stocks Face Tepid Start As Bitcoin Surpasses $103K: Investors Await Jobless Claims Data

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

Salesforce Soars on Strong Earnings and AI Potential

Salesforce Soars On Strong Earnings And AI Potential

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. 

Microsoft Faces UK Lawsuit Over Cloud Computing License Fees

During the week of November 25–29, 2024, U.S. stock markets exhibited mixed performances, with various factors influencing sector and index trends.

Don’t Jump Into Small-Cap Stocks For The Wrong Reasons

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.

Stellantis Shares Plunge Nearly 9% After CEO Carlos Tavares’ Abrupt Resignation

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. 

 Australia Bans Social Media for Under-16s, Imposes Potential $32M Fines on Meta, TikTok, and Snapchat

 Australia Bans Social Media For Under-16s, Imposes Potential $32M Fines On Meta, TikTok, And Snapchat

CrowdStrike Holdings delivered stronger-than-expected Q3 results, posting adjusted earnings of $0.93 per share on $1.01 billion in revenue, surpassing analysts’ estimates of $0.81 per share and $983 million in revenue. The cybersecurity firm overcame anticipated headwinds from a global tech outage linked to its software earlier this year, reaffirming its resilience and market leadership in cybersecurity solutions.

CrowdStrike Surpasses Q3 Estimates Despite Global Outage Challenges

Qualcomm's interest in acquiring Intel has cooled, halting what could have been a landmark tech deal reshaping the semiconductor landscape. The decision contributed to regulatory challenges, Intel's $50B debt, and its manufacturing unit’s struggles. The move shifts focus back to Intel's reinvention efforts and Qualcomm's ambitions to tap into emerging markets like PCs, networking, and automotive chips.

Qualcomm Steps Back from Intel Acquisition: Semiconductor Shake-Up on Hold

Qualcomm Steps Back From Intel Acquisition: Semiconductor Shake-Up On Hold

The stock market had a mixed but generally positive week from November 18 to November 22, 2024, with notable sector rotations and record highs for certain indices:

Has The Santa Rally Began?                     

The U.S. government plans to trim Intel’s $8.5 billion federal chips grant, citing a $3 billion Pentagon contract. The funding supports semiconductor production as part of the CHIPS Act initiative, but adjustments reflect evolving priorities in domestic chip manufacturing.

Intel’s Federal Chips Grant Slashed Below $8 Billion Amid Pentagon Contract Considerations

Super Micro Computer (SMCI) sees a roller-coaster week with a 60% rally but ongoing delisting risks due to delayed earnings filings. Amid new auditor hires and Nvidia partnership mentions, volatility remains the name of the game. 

Super Micro’s Wild Ride: Delisting Fears Loom Despite a 60% Weekly Surge

Super Micro’s Wild Ride: Delisting Fears Loom Despite A 60% Weekly Surge

Nvidia's shares dip over 3% as supply constraints and a design flaw in its Blackwell chips hinder production, despite booming AI demand. CEO Jensen Huang emphasizes efforts to ramp up output, with analysts closely watching how supply bottlenecks impact revenue projections.

Nvidia Faces Supply Chain Challenges Amid AI Demand Surge

Unions at Volkswagen threaten strikes and demand shared sacrifices as the automaker pushes for deep cuts, including plant closures and pay reductions. Talks intensify amid German industrial challenges and rising global competition.

Volkswagen Faces Historic Union Showdown Over $18B Cost Cuts.

Volkswagen Faces Historic Union Showdown Over $18B Cost Cuts

Nvidia, a leader in AI chips, faces slowing growth and supply chain challenges ahead of its Q3 results. Investors are focused on its new Blackwell processors, which are expected to generate billions amid tight production capacity.

Nvidia's AI Surge: Will Blackwell Chips Drive the Next Revenue Wave?

The major US stock indices had a mixed performance last week, with the S&P 500 falling 0.1%, the Nasdaq 100 sliding 0.2%, and the DOW remaining mostly flat amid fluctuating economic signals. 

It’s Nvidia Week

Facing mounting debts and blocked merger attempts, Spirit Airlines has filed for bankruptcy. The discount airline seeks to restructure after major carriers and labor costs challenged its ultra-low-cost model.

Spirit Airlines Files for Bankruptcy Amid Fierce Competition and Failed Merger

The company will receive up to $6.6 billion in CHIPS Act funding to support its $65 billion investment in three advanced fabs in Arizona. The facilities mark the largest greenfield foreign investment in U.S. history, with the first set to open next year.

Taiwan Semiconductor Secures $6.6 Billion from CHIPS Act for Major U.S. Expansion

The company shares rose 5% after the company reaffirmed its 2030 revenue target of €44-60 billion, calming investor concerns following a recent profit warning. The chip equipment giant anticipates strong AI-driven demand, forecasting robust growth through advanced lithography innovations.

ASML Shares Surge as Chipmaker Reaffirms Ambitious 2030 Growth Targets

ASML Shares Surge As Chipmaker Reaffirms Ambitious 2030 Growth Targets

Today, we’re diving into an essential topic for those interested in short selling: scanning and charting. In this blog, I’m sharing my go-to techniques to help identify high-probability short trade setups.

Scanning And Charting 

SoftBank's Japanese telecoms unit will receive the first chips using Nvidia's latest Blackwell design for its supercomputer, the California-based chip designer said, as Masayoshi Son looks to ride the artificial intelligence boom.

SoftBank Secures First Nvidia Blackwell Chips for AI Supercomputer

SoftBank Secures First Nvidia Blackwell Chips For AI Supercomputer

Bayer’s shares dropped 8% in Frankfurt after warning of weaker-than-expected agricultural markets and pricing pressures in crop protection, cutting its EBITDA forecast. The company remains optimistic about its pharma business hitting the upper end of its 2024 targets.

Bayer Shares Plunge as Crop Science Unit Struggles Amid Pricing Pressures

The S&P 500 ended last week higher, bouncing back from some of the prior week's volatility. The index rose as investor sentiment was buoyed by corporate earnings, a strong jobs report, and optimism around key economic data suggesting the economy could be on more solid footing than previously feared.

The Largest Green Week Of 2024

Toyota revamps its China strategy, aiming for 2.5 million vehicles a year by 2030 to stay competitive with local EV giants. The plan empowers local teams and boosts production efficiency to solidify its place in the world’s top car market.

Toyota’s Bold Move: Doubling Down on China with 2.5M Vehicle Target by 2030

Chinese stocks slumped as investors saw the latest $840 billion local debt increase and 4 trillion yuan bond issuance as underwhelming. Experts speculate Beijing might hold back stronger measures until there’s more insight into potential policy shifts under a new U.S. administration.

Chinese Markets React Negatively to Stimulus, Awaiting U.S. Policy Clarity

Moderna posted an unexpected profit of $13 million in Q3, driven by robust COVID-19 vaccine sales and strategic cost reductions. Despite lagging RSV vaccine sales, the company reaffirmed its annual revenue outlook and plans to fast-track future vaccine approvals.

Moderna Delivers Surprise Profit with COVID Vaccine Boost Amid Cost Cuts

Stocks surged as Trump claimed early victory, with Tesla rising 11% and Trump Media 30% amid investor anticipation of a pro-business administration. The Russell 2000 small-cap index and major banks rallied, while renewable energy shares slumped on fears of regulatory rollbacks.

Market Soars on Anticipated Trump Win: Tesla, Trump Media Lead Gains

Market Soars On Anticipated Trump Win: Tesla, Trump Media Lead Gains

The company reported a record $144 million profit and raised its revenue forecast, driven by high demand in the U.S. for its AI solutions. Q3 sales grew 30% to $725.5 million, exceeding analysts’ expectations, as U.S. commercial revenue surged 54% and government business jumped 40%.

Palantir Powers Ahead: Record Profit Fuels AI Revolution In U.S. Market

Palantir Powers Ahead: Record Profit Fuels AI Revolution in U.S. Market

Warren Buffett's Berkshire Hathaway sold an additional 25% of its Apple shares in Q3, reducing its position to about 300 million shares. This move is part of a broader strategy to increase cash holdings, which reached $325.2 billion by the end of the quarter, despite Apple's year-to-date stock increase of 20%.

Berkshire Hathaway Slashes Apple Stake by Two-Thirds in 2024

Global stock markets experienced mixed movements last week, with the Nasdaq climbing to an all-time high amid Big Tech earnings announcements and days away from the U.S. Presidential election.

Election Mania

Amazon's operating profit surged nearly 19% above expectations, offsetting a record $22.6 billion in AI and infrastructure spending. The company credited high demand for everyday essentials, and its Q4 operating income projection further eased concerns about margin impacts.

Amazon Keeps Profit Margins Strong Despite Massive AI Investments

The company shares fell 3.4% premarket after the company forecasted slower Azure growth for the December quarter, below analyst expectations. Despite strong investments in AI, including OpenAI, capacity constraints are limiting faster gains in the cloud and AI segments. 

Microsoft Shares Fall as AI and Cloud Forecasts Underwhelm Investors

The company is anticipated to post its highest quarterly revenue increase in two years, with robust iPhone 16 demand in China fueling growth. Investors will closely monitor insights on Apple's AI rollout, as the company faces pressure from competitors in the race to tap into the growing generative AI market. 

 AMD Shares Drop Amid Tepid AI Revenue Forecast

 Apple Set for Strong Q4 Results as New iPhone Sales and AI Prospects Take Center Stage

The stock market experienced a mixed performance. After a six-week winning streak, major indices saw some losses. The S&P 500 dropped 0.8% for the week, marking its biggest decline since early October. The Dow Jones Industrial Average and Nasdaq Composite also faced minor declines, despite a late-week rally. The market faced pressure from concerns about economic conditions and interest rates.

Is The Stock Market At An Inflection Point?

Despite rising tensions in the Middle East following Israel's recent airstrikes on Iranian military sites, oil markets remained calm, with Brent and WTI crude prices both down over 4% on Monday. Market signals suggest traders don't foresee a disruption to Iran's oil production, although potential escalation risks remain.

Oil Prices Drop Despite Israel-Iran Tensions as Traders Assess Low Impact on Production

Shares of Capri Holdings dropped nearly 46% premarket after a U.S. judge blocked its $8.5 billion merger with Tapestry, citing reduced competition in the handbag market. The decision, which Tapestry plans to appeal, leaves Capri exploring alternative options while Tapestry’s shares rose 13% amidst analyst support for its standalone growth.

Capri Shares Plunge 46% as Judge Blocks $8.5 Billion Tapestry Merger

Tesla's stock surged nearly 12% after CEO Elon Musk reassured investors with a forecast of 20%-30% car sales growth next year, alongside plans for an affordable EV. The jump comes after concerns over Musk's focus on AI and robotics, with investors now encouraged by Tesla's renewed commitment to its core electric vehicle business

Tesla Stock Soars 12% as Musk Promises Surging EV Sales Growth

Unlike traditional investing, which, while still risky, allows you to sit and observe whether your thesis is correct, trading requires rapid responses, and opportunities arise quickly — but also fade quickly.

Mastering Technical Analysis With Tradezero: Tools And Strategies For Savvy Traders

The company notified U.S. authorities after discovering one of its chips in Huawei’s AI product, raising concerns over a potential export restriction breach. The chip was identified by TechInsights during a teardown of Huawei's Ascend 910B, despite TSMC having ceased shipments to Huawei since 2020. 

TSMC Alerts U.S. of Possible Export Violation After Huawei Chip Discovery

TSMC Alerts U.S. Of Possible Export Violation After Huawei Chip Discovery

The company shares surged 5% to an all-time high after the company raised its full-year targets, driven by strong cloud revenue growth of 27% in Q3. AI played a key role, with 30% of cloud contracts involving AI, while operating profit exceeded expectations, supported by cost-cutting and cautious hiring.

 SAP Hits Record High as Cloud Growth, AI Boost Full-Year Outlook

When it comes to trading, having the right tools at your disposal can make all the difference. Today, I want to dive into one of my favourite tools: stock scanners. If you’re aiming to enhance your trading experience and protect your investments, knowing how to leverage stock scanners is crucial. Let’s break down how to get the most out of them.

Small Caps, Stock Scanners And Time Frames

The company will let customers build autonomous AI agents using Copilot Studio starting in November, handling tasks like client queries and inventory management with minimal human input. This move aims to simplify AI monetization as Microsoft and other tech giants seek returns on their AI investments.  

Microsoft to Launch Autonomous AI Agents in November

The stock market showed strong upward momentum during the week ending October 18, 2024, bolstered by positive earnings reports and solid economic data. The 

, maintaining its upward trend, while the 

SPX Hits Seven Green Weeks in a Row

SPX Hits Seven Green Weeks In A Row

The company stock rises 5.2% premarket after adding 5.1 million new subscribers in Q3, exceeding expectations. The company forecasts even higher sign-ups for the holiday season, with "Squid Game" Season 2 set for December. Netflix continues to outperform competitors like Disney and Warner Bros in content creation.

Netflix Shares Surge on Strong Subscriber Growth

Optimizing Trading Strategies With TradeZero: Understanding Order Types And Their Applications

The Cybersecurity Association of China is urging a national review of Intel products, citing alleged threats to the country’s security. This move could trigger scrutiny from China's cyberspace regulator, escalating tensions in the tech sector amid ongoing US-China relations. 🔒

China Calls for Security Review of Intel Products

China Calls For Security Review Of Intel Products

As traders, we constantly navigate the complexities of market movements, trying to discern patterns that can guide our trading decisions. Price action analysis remains one of the most reliable methods to decode these movements.

Price Action

The Biden administration is in early talks to impose new limits on AI chip sales to select nations, focusing on the Persian Gulf. This move could reshape global AI capabilities as the US tightens control over its semiconductor power. 

📊 US Mulls AI Chip Export Caps for Nvidia and AMD

US Mulls AI Chip Export Caps for Nvidia and AMD

The stock market saw a positive rally despite mixed economic signals. The S&P 500 gained 1.4%, driven by strong earnings reports from big banks and sectors like technology and transportation. This occurred despite mid-week inflation data, which raised questions about future Federal Reserve rate cuts. In response to inflation concerns, U.S. Treasury yields rose, reflecting investor caution about the economic outlook.

5 Green Weeks In A Row. Now What?

The Singapore government blocks Allianz’s 51% acquisition of Income Insurance, citing concerns over the insurer's ability to fulfill its social mission. Officials are open to new proposals addressing these issues. 

💼 Singapore Halts Allianz’s $1.7B Majority Stake in Income Insurance

Singapore Halts Allianz’s $1.7B Majority Stake in Income Insurance.

The company faces mounting pressure with a 7% dip in third-quarter global deliveries, driven by faltering Chinese demand and high production costs in Europe. As the automaker explores plant closures, the challenges of electrification and fierce competition intensify. 

🚗 Volkswagen’s Global Deliveries Drop 7% as China Demand Weakens

Volkswagen’s Global Deliveries Drop 7% as China Demand Weakens

Tesla is set to reveal its "Cybercab" robotaxi, potentially without steering wheels or pedals. Analysts are split—some call it a leap for AI, others question if the tech can deliver on its bold promises. 

🚗 Tesla’s Futuristic Robotaxi Debut: Breakthrough or Just Hype?

Tesla’s Futuristic Robotaxi Debut: Breakthrough or Just Hype? 

Taiwan Semiconductor's better-than-expected quarterly revenue rise sparks optimism about sustained AI hardware demand. With Nvidia and Apple as key clients, TSMC remains at the center of the AI boom despite rising industry skepticism. 

📈 TSMC Defies Doubts with 39% Revenue Jump as AI Frenzy Powers On

TSMC Defies Doubts with 39% Revenue Jump as AI Frenzy Powers On

 A federal judge has ordered Google to allow rival app stores on Android, dismantling its long-standing control. This ruling could drastically alter the app market, opening the door to new competition and potential changes in app pricing. 

⚖️ Judge Shatters Google’s App Store Monopoly

Judge Shatters Google’s App Store Monopoly

Markets were resilient as September and the third quarter closed, registering gains despite economic and political uncertainties. The S&P 500 and Nasdaq closed Monday, September’s last trading day, up 0.4%, while the Dow Jones gained nearly 0.1%. The S&P 500 notched its 42nd all-time high for the year, making it the best September since 1997 and the best start to an election year ever.

Dow, S&P, NASDAQ And The Surge Of Gold Investments

Activist investor Starboard Value has acquired a $1 billion stake in Pfizer, aiming to shake up the drug giant's strategy amid declining sales and acquisitions under CEO Albert Bourla. Former Pfizer executives have expressed interest in joining Starboard's effort to turn the company around. 

💉 Starboard Makes Bold Move with $1B Pfizer Stake, Eyes Major Shakeup

Starboard Makes Bold Move with $1B Pfizer Stake, Eyes Major Shakeup

Aerospace and defense ETFs are showing strong performance, even as broader markets waver under geopolitical tension. Investors are watching closely as the sector continues to outpace the S&P 500, raising questions about the long-term impact on stock market stability. 

📊 Defense ETFs Outperform as Middle East Uncertainty Grips Markets

Defense ETFs Outperform As Middle East Uncertainty Grips Markets

The company is investing $4.8 billion to build one of its largest AI and cloud data regions in Italy, aiming to train over 1 million Italians in digital skills by 2025. This marks the company's biggest push into the country, solidifying Italy's role as a Mediterranean tech hub. 

💻 Microsoft's $4.8 Billion Bet on Italy: AI & Cloud Expansion

Microsoft's $4.8 Billion Bet on Italy: AI & Cloud Expansion 

Iran's missile attack on Israel has driven investors to safe-haven assets, while global stocks remain cautious amid uncertainty over potential escalation. Markets are watching closely for Israel's response, which could further impact risk sentiment and equities. 

🚨 Iran's Strike on Israel Spurs Cautious Stock Market Reaction

 Iran's Strike On Israel Spurs Cautious Stock Market Reaction 

The Fibonacci sequence might seem like just a set of numbers at first, but its importance in trading lies in its ability to help identify potential levels of support and resistance. These are key levels where a stock or asset might pause or reverse during its price movement. Traders use Fibonacci retracement levels to gauge how much a price has pulled back from a previous trend, and they look for price action to either bounce or continue at these levels.

Fibonacci Retracement

The company raised £2.4 billion by selling 640 million Haleon shares, reducing its stake in the consumer health company. This follows its previous divestment in Haleon, the maker of Panadol and Centrum. 

💊 Pfizer Sells £2.4 Billion Worth of Haleon Shares, Cutting Stake to 15%

Pfizer Sells £2.4 Billion Worth of Haleon Shares, Cutting Stake to 15% 

The French-Italian conglomerate, known for brands such as Chrysler, Dodge, Jeep and Maserati, warned of lower-than-expected sales “across most regions” in the second half of the year. It now pencils in an adjusted operating income (AOI) margin between 5.5% to 7.0% for the full-year 2024 period, down from a “double digit” outlook. 

📉 Dodge-maker Stellantis issues profit warning; shares drop 12% 

 Dodge-maker Stellantis Issues Profit Warning: Shares Drop 12%

September is historically the worst month for the U.S. stock market, but stocks may be poised for September’s first gain since 2019. U.S. indices were positive this week after celebrating the Fed's supersized 50 bps interest rate cut – its first in four years.

September Market Rally And Fed Rate Cuts: Key Insights 

The company and the U.S. government will likely finalize $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions. 

💻 Intel and US to finalize $8.5 billion in chips funding by year-end 

Intel And US To Finalize $8.5 Billion In Chips Funding By Year-end

Global chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share. Shares of Micron jumped as much as 16% in premarket trade in the U.S. Dutch semiconductor equipment maker ASML rose more than 4% in early trade in Europe. 

📈 Major global chip stocks rally on Micron’s 15% surge; ASML up 4%

Major global chip stocks rally on Micron’s 15% surge; ASML up 4% 

Nvidia stock closed 4% higher on a report that CEO Jensen Huang is done selling shares. Huang raked in $713 million in total proceeds from the sales. He remains Nvidia's biggest shareholder. 

📈 Nvidia stock jumps on report CEO Jensen Huang is done selling shares after $713 million windfall

Nvidia stock jumps on report CEO Jensen Huang is done selling shares after $713 million windfall 

Shares of China companies rose sharply Tuesday after its central bank lowered interest rates and the government added stimulus designed to bolster the stock market. 

📈 Alibaba, JD.com, NIO Stocks Surge After China Interest Rate Cut and New Stimulus

Alibaba, JD.com, NIO Stocks Surge After China Interest Rate Cut and New Stimulus

A double bottom looks like the letter "W," while a double top looks like the letter "M." A double bottom consists of two lows, and those lows do not have to be equal.

Double Top And Bottom

The company has proposed a $5 billion investment in Intel, supporting its turnaround under CEO Pat Gelsinger. This comes as Intel restructures and forms key partnerships, including a recent deal with Amazon Web Services. 

🏢 Apollo Offers Multibillion-Dollar Investment to Back Intel’s Turnaround

Apollo Offers Multibillion-Dollar Investment to Back Intel’s Turnaround 

The Fed kept rates close to zero for nearly a decade following the 2008-09 global financial crisis, then took them above 2% before heading back toward zero during the Covid-19 pandemic. When a combination of stimulus cash, rebounding consumer demand, and supply chain kinks sent inflation to double-digit percentages, the Fed quickly raised rates to their recent peak to cool demand.

Stock Market Outlook: Energy Stocks Surge, Nvidia's Resistance And Fed Rate Cuts Impac

In a head and shoulders pattern, there is a shoulder, a head, and another shoulder. It consists of a rounding formation, followed by a higher rounding, and then another rounding.

Head And Shoulders Pattern

The company shares fell 8% after the carmaker cut its full-year guidance for the second time, citing a slowdown in sales driven by China's weakening economy. With one-third of its sales in China, the luxury automaker expects lower returns and reduced earnings, impacted by weaker consumption and competition in the Chinese market. 

🚗 Mercedes-Benz Shares Drop 8% After Second Full-Year Guidance Cut Due to China Slowdown

Mercedes-Benz Shares Drop 8% After Second Full-Year Guidance Cut Due to China Slowdown 

Apple is expected to be warned by the European Union under the Digital Markets Act to open its iPhone operating system to rival technologies or face potential fines. The EU aims to ensure that other developers can access key features like Siri and the iPhone’s payments chip, with non-compliance risking fines of up to 10% of Apple’s global annual turnover. 

⚖️ Apple Faces EU Warning to Open iPhone Operating System to Rivals

Apple Faces EU Warning to Open iPhone Operating System to Rivals 

The company‘s €1.49 billion antitrust fine imposed by the European Commission in 2019 for its online ad business was overturned. The EU’s General Court annulled the penalty, stating that regulators failed to prove Google’s contracts harmed competition or strengthened its dominant position in search advertising. 

⚖️ Google €1.49 Billion EU Antitrust Fine in Ad Case Overturned

Google €1.49 Billion EU Antitrust Fine in Ad Case Overturned 

The company unveiled a $60 billion stock buyback plan and a 10% quarterly dividend hike, raising its payout to 83 cents per share. While the dividend yield remains low compared to other Dow components, the buyback is among the largest announced this year, following Apple and Alphabet. 

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