Page 3 - Latest Updates on Nasdaq
Nvidia's Q1 result preview: Know street expectation, stock strategy here
Analysts are eyeing impressive figures, with the street anticipating earnings of $13.2 billion, translating to $5.62 per share, alongside projected revenue of $24.6 billion in the quarter
 "Nvidia's Q1 result preview: Know street expectation, stock strategy here")
Investors pull $9.9 billion from hedge funds in March: Nasdaq eVestment
The outflows came even as hedge funds posted positive performances across every strategy tracked by the data firm
 "Investors pull $9.9 billion from hedge funds in March: Nasdaq eVestment")
EQT to acquire digital consultancy firm Perficient for nearly $3 bn
Perficient's shares will no longer trade on the Nasdaq stock exchange after the deal closes, the companies said
 "EQT to acquire digital consultancy firm Perficient for nearly $3 bn")
Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge
Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision
 "Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge")
Cognizant Q1 profit declines 6% to $546 million, revenue dips 1.2%
2024 full-year revenue guidance unchanged at -2% to 2%; firm signed 8 large deals during the quarter with TCV of $100 million each
 "Cognizant Q1 profit declines 6% to $546 million, revenue dips 1.2%")
Asia stocks rise, yen slips as BOJ maintains accommodative monetary policy
Nasdaq futures advanced more than 1%, while S&P 500 futures rose 0.85%
 "Asia stocks rise, yen slips as BOJ maintains accommodative monetary policy")
Nasdaq down over 2%, Dow falls 500 points on US GDP growth data
Meta plunged 14.7% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue
 "Nasdaq down over 2%, Dow falls 500 points on US GDP growth data")
Sensex extends rally to fifth day, ends 486 pts up; SBI, Axis Bank zoom over 5%
Indian stock market on Thursday, April 25: The NSE Nifty ended atop the 22,550 levels, up 156 points; Kotak Bank and HUL, however, bucked the trend.
 "Sensex extends rally to fifth day, ends 486 pts up; SBI, Axis Bank zoom over 5%")
F&O expiry, Q4, Meta impact: Which way will the Nifty swing on April 25?
Stock market preview Thursday, April 25: Global mood turns bitter as Nasdaq futures fall post Meta guidance; HUL, Axis Bank and Indian Hotels to react to Q4 numbers on Dalal Street.
 "F&O expiry, Q4, Meta impact: Which way will the Nifty swing on April 25?")
ReNew, JERA to jointly evaluate green ammonia projects in Odisha
ReNew also has a joint venture called GH4India Pvt Ltd with state-owned oil company Indian Oil Ltd and manufacturing major L&T to jointly set up a green hydrogen business
 "ReNew, JERA to jointly evaluate green ammonia projects in Odisha")
Donald Trump's social media company lost more than $58 million last year
Revenue for Trump Media topped just over $4.13 million in 2023, the SEC filing shows, although that's up from $1.47 million in 2022
 "Donald Trump's social media company lost more than $58 million last year")
Trump's social media firm starts trading on Nasdaq with a mcap of $6.8 bn
Trump Media, which is based in Palm Beach, Florida, said in a regulatory filing that it is highly dependent on the popularity and presence of President Trump
 "Trump's social media firm starts trading on Nasdaq with a mcap of $6.8 bn")
Donald Trump's social media company to be traded on Nasdaq from March 26
Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump's media business in a Friday vote
Trump's social media company to go public, likely listing on Nasdaq
Trump's presidential campaign did not immediately respond to request for comment
 "Trump's social media company to go public, likely listing on Nasdaq")
Apple loses $113 billion in value as European, US regulators close in
Once the world's most valuable firm at more than $3 trillion, Apple has underperformed both the Nasdaq 100 and the S&P 500 in 2024
 "Apple loses $113 billion in value as European, US regulators close in")
Nasdaq resolves glitch that impacted trading; downtime lasted around 2 hrs
The Nasdaq is home to thousands of stocks, including those of iPhone maker Apple, electric vehicle-maker Tesla and semiconductor powerhouse Nvidia
 "Nasdaq resolves glitch that impacted trading; downtime lasted around 2 hrs")
Nifty 500 beats S&P 500, other leading global indices in last 10 yrs: study
Nifty 500, India's broadest index, outperformed most of the world's leading indices except the Nasdaq 100 over the last 10 years, according to the study by Motilal Oswal Asset Management Co.
 "Nifty 500 beats S&P 500, other leading global indices in last 10 yrs: study")
Key acquisitions to expand footprint in India's energy sector: Honeywell
Compressors Control Corporation acquired by Honeywell counts ONGC, GAIL, Petronet LNG among customers
 "Key acquisitions to expand footprint in India's energy sector: Honeywell")
Cognizant Q4 profit up 7% at $558 mn, 2024 revenue guidance at -2% to 2%
The IT firm has pegged its 2024 revenue to be in the range of $19 to $19.8 billion, indicating a decline of 2 per cent to a growth of 2 per cent in constant currency
 "Cognizant Q4 profit up 7% at $558 mn, 2024 revenue guidance at -2% to 2%")
Nasdaq planning to cut hundreds of jobs amid integration of Adenza
Nasdaq is considering cutting some positions and may reallocate others in a bid to minimize redundancies, according to people familiar with the matter
 "Nasdaq planning to cut hundreds of jobs amid integration of Adenza")
