Daily U.S. Stock Market News Briefing (November 7, Thursday)
Individual Stock News
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Qualcomm (QCOM.O) reported fourth-quarter earnings that exceeded expectations, and the forecast for the first quarter of next year is above estimates.
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India's financial crime agency is conducting surprise inspections at several e-commerce companies, including Amazon (AMZN.O) and Flipkart, which is owned by Walmart (WMT.N).
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Reports indicate that TSMC (TSM.N), GlobalFoundries (GFS.O), and at least one other chip manufacturer are about to receive subsidies from the U.S. government's CHIPS Act.
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XPeng (XPEV.US) has set a new historical high for pre-sale orders of the XPeng P7+, breaking the record previously set by XPeng MONA on October 31.
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Israel has signed an agreement to purchase 25 Boeing (BA.N) F-15 fighter jets.
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Profit-taking on Trump trades led to a drop of over 20% in pre-market trading for Trump Media & Technology Group (DJT.O).
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Arm (ARM.O) expects Q2 2025 revenue of $844 million, a year-on-year increase of 5%, with analysts expecting $810.9 million; adjusted earnings per share are projected at $0.30, while analysts expect $0.26.
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Moderna (MRNA.O) reported Q3 revenue of $1.9 billion, a year-on-year increase of 5.5%, exceeding market expectations of $1.3 billion; it unexpectedly recorded earnings of $0.03 per share, compared to a loss of $9.53 per share in the same period last year, while the market expected a loss of $1.94.
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AMC Theatres (AMC.N) reported Q3 revenue down 4.1% year-on-year to $1.35 billion, slightly above market expectations of $1.33 billion; it reported a loss of $0.06 per share, while the market expected a loss of $0.09.
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Lyft (LYFT.O) reported Q3 revenue of $1.52 billion, a year-on-year increase of 31.5%, exceeding market expectations of $1.44 billion; adjusted loss per share was $0.03, while the market expected a loss of $0.04