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Maplebear Board Approves $500 Mln Share Repurchase Program
Delivery company Maplebear, Inc. (CART) revealed Thursday in a form 8-K filed with the U.S. Securities and Exchange Commission that its Board of Directors have approved a share repurchase program with authorization to purchase up to an aggregate of $500 million of the Company's common stock. The Share Repurchase Program has no expiration date.
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U.S. Trade Deficit Widens To Largest Since October 2022
With the value of imports jumping by much more than the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened significantly in the month of April. The Commerce Department said the trade deficit surged to $74.6 billion in April from a downwardly revised $68.6 billion in March.
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U.S. Jobless Claims Rise More Than Expected To 229,000
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended June 1st. The Labor Department said initial jobless claims climbed to 229,000, an increase of 8,000 from the previous week's revised level of 221,000.
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Nvidia Hits $3 Trln Market Cap, Overtakes Apple
Nvidia Corp. has breached the $3 trillion mark in valuation, becoming the second most valuable company in the U.S. Market overtaking tech giant Apple Inc on Wednesday. The artificial intelligence or AI chipmaker is gaining on the surging demand for AI chips worldwide.
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Vanda Pharmaceuticals Receives Unsolicited, Non-binding $8.00/share Cash Offer From Cycle Group
Biopharmaceutical company Vanda Pharmaceuticals Inc. (VNDA) confirmed Thursday that it has received an unsolicited, non-binding indication of interest from Cycle Group Holdings Ltd. to acquire the Company for $8.00 per share in cash.
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Halozyme Therapeutics Boosts FY24 Outlook On Grant Of European Patent
Biopharmaceutical company Halozyme Therapeutics, Inc. (HALO) announced Thursday that it is raising its full year 2024 financial guidance based on the grant of European Patent No. 4269578.
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ECB Cuts Rates By 25 Bps As Expected On Improving Inflation Outlook
The European Central Bank lowered interest rates by a quarter basis point on Thursday, in line with expectations, citing an improvement in the inflation outlook. The Governing Council, led by ECB President Christine Lagarde, cut the main refinancing rate by 25 basis points to 4.25 percent.
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U.S. Labor Productivity Rises Slightly Less Than Previously Estimated In Q1
Revised data released by the Labor Department on Thursday showed U.S. labor productivity increased by slightly less than expected in the first quarter of 2024.
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U.S. Trade Deficit Widens Significantly In April
With the value of imports jumping by much more than the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened significantly in the month of April.
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154 दिनों पहले
U.S. Weekly Jobless Claims Rise More Than Expected
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended June 1st.
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Cytek Biosciences Board Approves Share Repurchase Of Up To $50 Mln
Cell analysis solutions company Cytek Biosciences, Inc. (CTKB) announced Thursday that its Board of Directors has approved the repurchase of up to an aggregate of $50 million of its common stock, subject to compliance with applicable law.
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Bay Street Seen Opening Higher
Canadian shares are likely to open higher Thursday morning, tracking positive global cues and firm commodity prices. Optimism about monetary easing by several central banks in the foreseeable futures is likely to aid sentiment.
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AstroNova Q1 Profit Rises 39%
AstroNova, Inc. (ALOT) reported Thursday that net income for the first quarter grew to $1.18 million or $0.15 per share from $0.85 million or $0.11 per share in the prior-year quarter.
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