News
Nokia Predicts Rise in Network Traffic by 2030
Nokia forecasts a significant surge in network traffic by 2030 as emerging technologies continue to grow, highlighting the importance of network adaptation through cognitive and automated networks.
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Kloeckner & Co. Shares Soar After Cost-Savings Initiative
German steel distributor, Kloeckner & Co., sees a surge in shares after announcing a cost-savings initiative and revising its profitability goals. Investors express confidence in the company's ability to thrive in challenging market conditions.
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Stellantis Reports Q3 Revenue Growth Despite Production Setback
Stellantis, known for brands like Jeep and Dodge, reports revenue growth in Q3 despite a strike-related production setback. Vehicle shipments increased by 11%.
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CommScope Holding Faces Decline in Earnings
CommScope's stock has experienced a significant drop amidst ongoing sluggish demand from the telecom sector. The company now anticipates lower sales and earnings for the quarter, with factors like high customer inventories and reduced service-provider spending impacting results. This warning aligns with challenges faced by other players in the industry. Detailed financial results will be released on November 9.
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SpaceX Extends Business to the Moon
SpaceX is partnering with Intuitive Machines for a lunar mission, leading to a rise in stock prices. Intuitive Machines focuses on lunar exploration and offers network services to NASA. Learn about Intuitive stock's performance and future projections.
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Commodity Prices Set to Surge Amid Escalation of Israel-Gaza Conflict
A recent report warns that the Israel-Gaza conflict could lead to a surge in commodity prices, particularly oil and gas, based on historical precedents. The report predicts disruptions to oil supply, which would cause an initial rise in oil prices and impact other commodity markets. However, the global supply of oil is more diversified now, and reliance on oil has decreased, potentially mitigating some effects.
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Ascential Announces Sale of Two Businesses and Return to Shareholders
Ascential reveals plan to sell its digital commerce and product design businesses, with a total value of £1.4 billion, and return £850 million to shareholders through a special dividend. The company's shares experience a significant boost after the announcement.
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Solid State Reports Increase in Revenue and Profit for First Half of Fiscal 2024
Solid State, a London-based electronic-component company, experiences revenue and profit growth in the first half of fiscal 2024, thanks to security and defense contracts. The company expects both figures to exceed current consensus for the full year.
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Train Drivers at BHP Group's Australian Iron-Ore Operations Vote in Favor of Strike Action
Train drivers at BHP Group's Australian iron-ore operations have voted in favor of strike action, citing concerns over pay and conditions. Negotiations have been ongoing for two years.
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S&P 500 Index Eyes Correction Territory
The S&P 500 index is close to entering correction territory, with historical data showing resilience after corrections and a market comparison against Nasdaq and Dow Jones.
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