Daily US Stock Market News Express (Tuesday, August 27)

USHK News
2024.08.28 13:10

Individual Stock News

  1. Berkshire Hathaway (BRK.A.N, BRK.B.N) sold approximately 24.7 million shares of Bank of America (BAC.N) common stock between August 23 and August 27, with a transaction amount of approximately $981.9 million.

  2. Apple (AAPL.O) is cutting about 100 service positions, involving Apple Books and News teams.

  3. JOYY (YY.O) reported a net revenue of $565.1 million in the second quarter, exceeding the estimated $551.4 million; the company expects a net revenue of $555 million to $569 million in the third quarter. Real-time streaming revenue in the second quarter was $459.7 million, exceeding the estimated $446.3 million. Li Ting succeeded Li Xueling as Chairman of the Board and CEO.

  4. Li Auto (LI.O) reported a second-quarter revenue of 31.7 billion RMB, surpassing the market estimate of 31.42 billion RMB. The third-quarter revenue is expected to be between 39.4 billion RMB and 42.2 billion RMB.

  5. Due to the impact of Typhoon "Shanshan," Toyota Motor (TM.N) has temporarily halted production at all factories in Japan.

  6. NVIDIA (NVDA.O) will release its performance report for the second quarter of fiscal year 2025 after the market closes on August 28 local time. Analysts expect NVIDIA to record $28.668 billion in revenue for the quarter, a 112% increase from the same period last year.

  7. Pfizer (PFE.N) has launched the PfizerForAll digital platform to simplify the way users access healthcare products

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