J. Jill shares surge after reporting a first-quarter FY24 with a 7.5% sales growth to $161.51 million, surpassing the $154.92 million estimate. The company raised its FY24 sales growth guidance to 1%-3%, and adjusted EPS of $1.22 beat the $0.99 consensus.
Trump Media & Technology Group Corp. shares dip premarket as CEO Devin Nunes sends fourth congressional letter addressing potential stock manipulation amid persistently high Failures To Deliver (FTDs).
Emerson Electric to sell remaining stake in Copeland joint venture for $3.5 billion, plans to use proceeds to reduce debt and focus on automation market.
The U.S. Justice Department and FTC have finalized a deal to potentially investigate Microsoft, OpenAI, and Nvidia for antitrust violations in the AI sector. This move reflects increased scrutiny on AI industry leaders like Nvidia, valued at over $3 trillion. The DOJ will handle Nvidia's compliance, and the FTC will examine OpenAI and Microsoft.
U.S. stocks are priming for a narrowly mixed start ahead of the all-important non-farm payrolls data, an important piece of economic evidence the Federal Open Market Committee would consider while deliberating on the Fed funds rate next week.
Samsung Electronics faced its first-ever strike in 55 years by its largest union, impacting 28,400 workers. The union demands transparent bonus calculations amid a pay dispute, with potential for further strikes if unresolved.