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Sequoia coaches start-ups to cut costs or face a ‘death spiral’

Considered one of Silicon Valley’s most profitable enterprise capital corporations would not see the financial system bouncing again anytime quickly and is warning portfolio corporations to tighten their belts within the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of dangers making it more durable for founders to boost […]

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Thursday top Wall Street calls: Tesla, Lululemon, Apple, Amazon

The following are Thursday’s top Wall Street calls: Morgan Stanley reiterates Apple’s overweight status. Wednesday evening, Morgan Stanley wrote that the reports about iPhone 14 delays were exaggerated. According to our supply chain checks, delays don’t occur. Looking at previous flagship iPhone launches, we see that there is minimal impact on FY shipments and stock […]

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5 things to know before the stock market opens Thursday

1. Wall Street’s losing streaks are causing stock futures to rise, boosting stocks Traders in New York City work on the New York Stock Exchange floor on May 18, 20,22. Spencer Platt | Getty Images The morning following the publication of the key earnings report by semiconductor giant, U.S. stock options rose Thursday Nvidia. The […]

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Broadcom announces plans to buy VMware

Broadcom chief executive officer Hock Tan Getty Images| Bloomberg | Getty Images BroadcomPurchase VMwareThey announced on Thursday that they would be entering into a cash-and stock deal worth $61billion based on Broadcom’s closing price on May 25, 2022. It would mark one of the most significant technology deals of all times. MicrosoftPurchase of the pending […]

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Apple says it will raise pay for corporate and retail employees in tight labor market

Getty Images| Corbis Unreleased | Getty Images AppleOn Wednesday, the company announced that it would raise wages for retail and corporate workers in the coming year. This move is made during a historically tight labor marketThe U.S. and the employees who work there increased inflationCost of living. Apple follows suit Google, Amazon MicrosoftRecent changes were […]

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Nvidia (NVDA) earnings Q1 2023

Jensen Huang, CEO of Nvidia speaks at a conference held by The MGM in Las Vegas during CES 2018. Mandel Ngan | AFP | Getty Images NvidiaOn Wednesday, fiscal first quarter earnings were reported. Analyst expectations for earnings and sales beats, but extended trading saw the stock drop more than 10%. The chipmaker had issued […]

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Tesla, Best Buy, Apple, Amazon

The following are Wall Street’s most important calls Wednesday. Oppenheimer upgraded CME to perform from perform Oppenheimer claimed that CME was a great defensive play during a bearish market. CME is being upgraded from Perform, to Outperform. We also introduced a target price of $223. We assume that neither recession nor extreme events are likely, […]

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Gina Raimondo warns U.S. needs to secure future for chip industry

Gina Raimondo, Commerce Secretary, testifies in front of a Senate Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies hearing on Capitol Hill, Washington, D.C., U.S.A, February 1, 2022. Andrew Harnik | Reuters Gina Raimondo (U.S. Commerce Secretary) urged Congress on Wednesday to adopt the CHIPS for America Act, in order to ensure national security […]

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Chip stock picks to cash in on semiconductor boom

Morgan Stanley says that the massive decline in semiconductor stocks has made it possible to buy the dip. The firm named two major global chipmakers as well. The tech sector has seen a wider sell-off this year and semiconductor stocks took a blow. Morgan Stanley sees an opportunity to purchase the best-valued global semiconductor companies, […]

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Snap, Abercrombie & Fitch, Roblox and more

Snap Inc.’s banner is photographed on the New York Stock Exchange façade by a man. This was March 2, 2017. Brendan McDermid | Reuters See which companies are making the headlines Tuesday afternoon trading. Snap — Shares of Snapchat’s parent company plummeted 41.2%Snap declared it was unlikely to meet revenue and earnings estimatesIn the current […]