Business
5 things to know before the stock market opens
:max_bytes(150000):strip_icc()/GettyImages-1137827471-66f7d254fe8e4613b7216c04a9e0b940.jpg "5 things to know before the stock market opens")
It comes in a merger Monday, after Diamondback (FANG) announced a $26 billion deal to buy Endeavor Energy Resources, Wildcat Autry Stephens, cloud networking company Arista Networks Inc. (ANET) and chip design company Cadence Design Systems Inc. (CDNS) announced their post-merger results. bell, and stock futures are trading in tight ranges after last week's S&P 500 record high. Here's what investors need to know today.
1. Diamondback and Endeavor create an energy giant
Shares of Diamondback (FANG) were up about 1% in premarket trading Monday after the fracking company announced a deal valued at $26 billion to buy closely held Endeavor Energy Resources. Diamondback has reportedly beaten ConocoPhillips Co. (COP) in the race to buy the valuable private oil producer founded by wildcat Autry Stephens. A tie-up with Endeavor would give the combined company leading status in the Permian Basin, the largest U.S. oil field straddling West Texas and New Mexico. Diamondback said it expects the deal to close in the fourth quarter of this year.
2. Musk denies Ukrainian allegations that Russia uses terminals produced by SpaceX
Elon Musk has denied allegations by Ukraine's main military intelligence agency that Russian forces used Starlink terminals produced by SpaceX in occupied areas. A number of false reports claim that SpaceX is selling Starlink terminals to Russia. This is categorically false, Musk said Sunday on the social media platform X, formerly known as Twitter, which he also owns. Meanwhile, Musk must testify in an investigation by the U.S. Securities and Exchange Commission into his 2022 acquisition of Twitter, a U.S. judge ordered in a court filing Saturday.
3. Tesla cuts Model Y prices until February
Separately, Telsa (TSLA) announced a temporary price drop via its website on several Model Y cars in the United States through the end of February. The pioneering electric vehicle company has slashed $1,000, or about 2 percent, off its popular Model Y rear-wheel drive and long-range Model Y vehicles. Tesla's ongoing price cuts, aimed at countering growing competition from electric vehicle makers, are putting pressure on its operating margins.
4. AI in focus as Arista and Cadence post earnings
Investments in artificial intelligence will likely be the focus as cloud networking company Arista Networks (ANET) and chip design company Cadence Design Systems (CDNS) report fourth-quarter results after the bell. Investors have rewarded stocks that have benefited from the AI craze this earnings season, with companies like Arm Holdings Plc (ARM) soaring last week after the British chip designer announced a bullish outlook in the face of growing demand for this technology. Shares of Arista rose 3% in premarket trading, while Cadence rose 1%.
5. More than 4,600 job cuts since last May attributed to AI
Since last May, companies have attributed more than 4,600 job cuts to AI, particularly in media and technology, according to outplacement firm Challenger, Gray & Christmas, The Wall Street JournalI reported. The total number of AI-related job cuts is likely higher because many companies have not explicitly linked job cuts to AI adoption in their layoff announcements. At the same time, the number of professionals who are now using generative AI in their daily professional lives has increased significantly.
|
Sources 2/ https://www.investopedia.com/5-things-to-know-before-the-stock-market-opens-february-12-2024-8575857 The mention sources can contact us to remove/changing this article |
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
 |
 |
 |
