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What’s Going On With Home Retailer Lowe’s Shares After Raising Dividend By 5%?

By Nabaparna Bhattacharya
May 31, 12:52 PM
Lowe's shares rise after announcing a 5% increase in quarterly dividend, reflecting confidence in growth strategy and delivering long-term shareholder value, alongside ts recently announced better-than-expected first-quarter earnings.

FMCX

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Bank Of America Strategist Shifts To Bonds: Stock Sell-Off Prophecy On Benign Inflation Comes True

By Piero Cingari
May 31, 12:41 PM
Bank of America's chief investment strategist turns bullish on bonds, expects stock market sell-off. Advises to buy dip in bonds and sell first cut for stocks.

QQQ

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Boeing’s 737 MAX Production Freeze Remains As FAA Demands Safety Overhaul

By Shivani Kumaresan
May 31, 12:26 PM
The Federal Aviation Administration (FAA) will persist in holding Boeing accountable after evaluating the company's roadmap to rectify its systemic safety and quality-control issues, Administrator Mike Whitaker said Thursday, after a three-hour meeting with senior Boeing leaders at FAA headquarters.

ALK

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Tesla’s Top Chinese Rival BYD Expands Global Presence With Inaugural Showroom In Saudi Arabia, Accelerating NEV Penetration In Middle East

By Nabaparna Bhattacharya
May 31, 11:58 AM
BYD expands its global footprint with the opening of its first showroom in Saudi Arabia, signaling accelerated penetration of NEVs in the Middle East.

BYDDF

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What’s Going On With PENN Entertainment Stock Friday?

By Nabaparna Bhattacharya
May 31, 11:16 AM
PENN Entertainment shares surge as shareholder Donerail Group pushes for strategic changes, citing undervaluation and poor performance.

PENN

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Are Rate Cuts Imminent After Fed’s Preferred Inflation Data Holds Steady? ‘Be-Careful-What-You-Wish-For Moment’

By Piero Cingari
May 31, 11:05 AM
Slowing consumer spending could lead to lower inflation. And if the Fed "can cut slowly as a result" then that will be good for markets.

SPY

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Mastercard & Ant Group Forge Global Payment Pathways With New Consumer Friendly Zones Program In Shanghai

By Lekha Gupta
May 31, 10:55 AM
Mastercard and Ant Group launch International Consumer Friendly Zones program in Shanghai to improve travel experience and boost local businesses.

IYG

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Nio Power Secures $207M Investment, Bolstering China’s Charging Infrastructure Expansion

By Nabaparna Bhattacharya
May 31, 10:50 AM
NIO Power secures $207M investment to boost infrastructure expansion, enhancing China's charging network leadership, while reinforcing collaborations and fostering innovation in the EV sector.

NIO

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Strike At Exxon Site On Hold: Talks Heat Up Over Severance Packages

By Lekha Gupta
May 31, 10:36 AM
A strike at Exxon Mobil's French petrochemical complex is suspended until June 4 for potential talks on severance packages. Jobs will be lost.

IYE

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Why Veeva Systems Shares Are Diving Friday

By Lekha Gupta
May 31, 10:16 AM
Veeva Systems' Q1 FY25 results beat expectations with 24% revenue growth and $1.50 EPS, but lowered outlook for revenue.

EKG

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