Stocks & Bond News

April 22, 2024

Infosys Falls After Reporting Results—Here's Why

Infosys' results were negatively affected by the modification of a big contract, and its American depositary receipts (ADRs) fell Thursday.The India-based information technology services company's fourth-quarter fiscal 2024 revenue came in short of forecasts.Infosys also reduced its full-year sales growth guidance.

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April 22, 2024

Infosys Falls After Reporting Results—Here's Why

Infosys' results were negatively affected by the modification of a big contract, and its American depositary receipts (ADRs) fell Thursday.The India-based information technology services company's fourth-quarter fiscal 2024 revenue came in short of forecasts.Infosys also reduced its full-year sales growth guidance.

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April 22, 2024

Infosys Falls After Reporting Results—Here's Why

Infosys' results were negatively affected by the modification of a big contract, and its American depositary receipts (ADRs) fell Thursday.The India-based information technology services company's fourth-quarter fiscal 2024 revenue came in short of forecasts.Infosys also reduced its full-year sales growth guidance.

Read More
April 22, 2024

Infosys Falls After Reporting Results—Here's Why

Infosys' results were negatively affected by the modification of a big contract, and its American depositary receipts (ADRs) fell Thursday.The India-based information technology services company's fourth-quarter fiscal 2024 revenue came in short of forecasts.Infosys also reduced its full-year sales growth guidance.

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April 22, 2024

Trump Media Surges After Warning Nasdaq About Potential Naked Short Selling of Its Stock

Trump Media & Technology Group shares surged Friday after the company warned that illegal "naked" short selling could be impacting its stock.CEO Devin Nunez wrote in a letter to Nasdaq CEO Adena Friedman that company data indicated four firms were responsible for more than 60% of the extraordinary volume of DJT stock traded.Shares of Trump Media & Technology had soared in their debut last month, but reversed course to hit an all-time low Tuesday before rebounding.

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April 22, 2024

Ulta Beauty Falls as Jefferies Downgrades Stock Citing Competition, Aging Product Lineup

Ulta Beauty shares sank Friday as Jefferies lowered its rating and price target on concerns about increased competition and an aging product lineup.Jefferies dropped Ulta Beauty's rating to "hold" from "buy," and slashed the stock's price target by one-quarter to $438.Jefferies analysts said “we have viewed Ulta as a share taker in current macro, but see constraints on ULTA's prestige biz (50% sales) due to lack of newness and increasing pressure from Sephora.”

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April 19, 2024

Authors Sue Nvidia, Saying AI Model Used Copyrighted Content in Training

Authors Abdi Nazemian, Stewart O'Nan, and Brian Keene filed a lawsuit against Nvidia Corp. on Friday, saying that the company used their copyrighted content to train NeMo, a conversational artificial intelligence (AI) toolkit.The complaint follows a similar complaint filed in December by The New York Times against OpenAI and Microsoft Corp.An Nvidia company spokesperson said it "respect[s] the rights of all content creators and believe we created NeMo in full compliance with copyright law," according to a statement obtained by Investopedia.

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