Company News for Nov 24, 2023

Zacks Equity Research

Fri, Nov 24, 2023, 9:27 AM1 min read

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Shares of NVIDIA Corporation NVDA lost 2.5% after raising concern that a curb in U.S. exports might lead to a sharp decline in sales in China.
HP Inc.’s HPQ shares gained 2.8% after reporting fourth-quarter fiscal 2023 revenues of $13.81 billion, beating the Zacks Consensus Estimate of $13.6 billion.
Shares of GDS Holdings Limited GDS advanced 1.9% after reporting third-quarter fiscal 2024 loss of 32 cents per share, narrower than the Zacks Consensus Estimate of 35 cents.
Shares of Guess?, Inc. GES plunged 12.3% after reporting third-quarter fiscal 2024 earnings of 49 cents per share, widely missing the Zacks Consensus Estimate of 62 cents.

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Zacks Investment Research

Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets
Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new features could mean Americans will be carrying fewer physical cards in their wallets, and will make the 16-digit credit or debit card number printed on every card increasingly irrelevant. “I think (with these features) we’re getting past the point where consumers may never need to manually enter an account number ever again,” said Mark Nelsen, Visa’s global head of consumer payments, in an interview.
Associated Press Finance
Warren Buffett's Berkshire Confirms Apple Sale, Dumps This PC Maker, Finally Reveals Mystery Stock: Here Are The Portfolio Changes To Know
Investment guru Warren Buffett confirmed Wednesday the trimming of his Apple, Inc. (NASDAQ:AAPL) stake and finally shed light on the mystery stock his firm, Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK), accumulated ahead of the first quarter. Apple, Chevron Trimmed: Berkshire reduced its Apple position by a little over 116 million. The firm now owns 789,368,450 Apple shares valued at $135.36 billion, a 13F filing shows. This is the second straight quarter that the Buffett-led company has dilut
Benzinga
Sam Bankman-Fried Traded In His $35 Million Mansion In The Bahamas For A Prison Cell With 35 Inmates But Claims "He Did Not Do Anything Wrong"
Formerly disgraced FTX CEO and Co-Founder Sam Bankman-Fried was convicted in November of wire fraud, money laundering and conspiracy, and sentenced to 25 years in prison. His high-profile trial marked a significant chapter in the unraveling of FTX, which collapsed under suspicious financial practices, leading to intense scrutiny and legal action. For the first time since his incarceration, Bankman-Fried described his daily life in a detailed interview with journalist William D. Cohan of Puck. Do
Benzinga
US oil giant quits North Sea as Hunt refuses to scrap tax
The US oil giant Chevron has announced it will quit the North Sea after 55 years, the day after Jeremy Hunt turned down industry pleas for support at a private meeting.
The Telegraph
Move Over, Walmart and Chipotle: Wall Street Has a New Stock-Split Stock
A stellar company is set to join an exclusive club of top-tier businesses that have somewhat recently conducted a forward-stock split.
Motley Fool
Social Security Checks Are Set to Rise. New Inflation Data Shed Light on the Amount
A projected increase to Medicare Part B premiums could eat into the raise considerably, says Mary Johnson, a Social Security and Medicare policy analyst.
Barrons.com
Time to Pounce: 2 Beaten-Down Ultra-High-Yield Dividend Stocks That Are Historically Cheap and Begging to Be Bought Right Now
Despite tumbling by more than 40%, these time-tested income stocks -- sporting an average yield of 7.57% -- are ripe for the picking by opportunistic investors.
Motley Fool
1 Small Chip Stock Outperforming AMD, Intel, and Others in a Crucial Area of AI
A battle is quietly brewing, and a small company called Lattice is secretly winning.
Motley Fool
This ETF Has Consistently Outperformed 88% of Mutual Funds Over the Past Decade
It comes highly recommended by some of the best investment minds in history.
Motley Fool
US Inflation Data Was Accidentally Released 30 Minutes Early
(Bloomberg) -- The US Bureau of Labor Statistics inadvertently published Consumer Price Index data 30 minutes early on Wednesday, raising fresh questions about how the agency releases some of the world’s most sensitive economic information.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months in Relie
Bloomberg

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Company News for Nov 24, 2023

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Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets

Warren Buffett's Berkshire Confirms Apple Sale, Dumps This PC Maker, Finally Reveals Mystery Stock: Here Are The Portfolio Changes To Know

Sam Bankman-Fried Traded In His $35 Million Mansion In The Bahamas For A Prison Cell With 35 Inmates But Claims "He Did Not Do Anything Wrong"

US oil giant quits North Sea as Hunt refuses to scrap tax

Move Over, Walmart and Chipotle: Wall Street Has a New Stock-Split Stock

Social Security Checks Are Set to Rise. New Inflation Data Shed Light on the Amount

Time to Pounce: 2 Beaten-Down Ultra-High-Yield Dividend Stocks That Are Historically Cheap and Begging to Be Bought Right Now

1 Small Chip Stock Outperforming AMD, Intel, and Others in a Crucial Area of AI

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US Inflation Data Was Accidentally Released 30 Minutes Early