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ADDvantage Technologies Group, Inc. (AEYGQ)

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At close: May 14 at 12:17 PM EDT

Musk's xAI negotiates Oracle cloud server rental: Reports

Shares of Oracle (ORCL) are trading higher on Tuesday following a report hinting at a potential deal with Elon Musk's artificial intelligence venture. According to The Information, Musk's AI startup, xAI, is reportedly engaged in talks with the tech giant to rent cloud servers over a period of years in a deal worth a staggering $10 billion. Yahoo Finance's Josh Lipton and Julie Hyman break down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

Yahoo Finance Video 11 hours ago

ORCL
NEXTracker Inc (NXT) (Q4 2024) Earnings Call Transcript Highlights: Stellar Growth and ...

Discover how NEXTracker Inc achieved significant revenue growth, doubled its EBITDA, and set new industry standards in Q4 2024.

GuruFocus.com 50 minutes ago

NXT
UPDATE 1-Senior's group finance director to retire

British aerospace engineer Senior said on Wednesday its group finance director, Bindi Foyle, will retire in 12 months. Foyle, 51, has been with the company for 18 years and helmed the group finance role since 2017. Senior said it will actively start the succession process for the Foyle's role, without providing details.

Reuters 1 hour ago

BA
Dow Jones Futures: Stock Market Near Highs Ahead Of CPI Inflation; GameStop Keeps Rising Late

The stock market rally is near record highs with several stocks flashing buy signals ahead of CPI inflation data.

Investor's Business Daily 3 hours ago

^DJI

NVDA

^GSPC
PRESS DIGEST-Wall Street Journal - May 15

The following are the top stories in the Wall Street Journal. - The U.S. Justice Department said on Tuesday that Boeing Co had breached its obligations in a 2021 agreement that shielded the planemaker from criminal prosecution over fatal 737 MAX crashes in 2018 and 2019 that killed 346 people. - OpenAI co-founder and chief scientist Ilya Sutskever is leaving the artificial intelligence startup.

Reuters 3 hours ago

GOOG

BA
PRESS DIGEST- New York Times business news - May 15

Ilya Sutskever, the OpenAI co-founder and chief scientist who in November joined three other board members to force out Sam Altman, the company's high-profile chief executive, before saying he regretted the move, is leaving the San Francisco A.I. company. - The Department of Justice said on Tuesday that Boeing was in violation of a 2021 settlement related to problems with the company's 737 Max model that led to two deadly plane crashes in 2018 and 2019. - Comcast, the parent company of NBCUniversal, is planning to offer its streaming service Peacock in a bundle with Netflix and Apple TV+ , Brian Roberts, the company's chief executive, said at an investor conference on Tuesday.

Reuters 3 hours ago

CMCSA

BA
Brazil President Lula Fires Petrobras CEO After Dividend Dispute

(Bloomberg) -- Brazil’s President Luiz Inacio Lula da Silva has fired Jean Paul Prates, the chief executive of state-owned oil company Petroleo Brasileiro SA, following a dispute over dividend payments.Most Read from BloombergFlood of China Used Cooking Oil Spurs Call to Hike US LeviesHow One of the World's Oldest Hedge Funds Went BankruptBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsTrump Vows ‘Day One’ Executive Order Targeting Offshore WindOpenAI Chief Scientist Ilya Sutskeve

Bloomberg 4 hours ago

PBR-A
Tencent Builds on Recovery as Alibaba Falters Again

Tencent Holdings Ltd.'s revenue and earnings beat estimates while rival Alibaba Group Holding Ltd.'s profit plunged. Bloomberg Intelligence's Catherine Lim shares her take on the results of the two Chinese internet giants on Bloomberg Television.

Bloomberg 5 hours ago

TCEHY

BABA
Boeing Violated Criminal Settlement After 737 MAX Crashes, Justice Department Says

The U.S. government could seek to extend a probationary period for the plane maker or prosecute it for earlier misconduct.

The Wall Street Journal 5 hours ago

BA
Justice Department says Boeing breached 2021 737 MAX criminal prosecution agreement

The Justice Department said Boeing had breached its obligations from a 2021 agreement that shielded them from criminal prosecution following two fatal 737 MAX crashes.

Fox Business 6 hours ago

BA
Brazil pushes out Petrobras CEO, names ex-regulator to top job

RIO DE JANEIRO (Reuters) -The chief executive of Brazil's Petrobras offered to step down, the state-run oil company said on Tuesday, as the government lined up a former regulator for the role, sending shares sliding as investors braced for political interference. Brazilian President Luiz Inacio Lula da Silva will replace the outgoing CEO Jean Paul Prates with Magda Chambriard, the former head of Brazilian oil and gas regulator ANP, according to a securities filing citing the Mines and Energy Ministry. New York-listed shares of Petrobras fell more than 6% in after-hours trading as news broke that Prates was headed for the exit.

Reuters 7 hours ago

PBR-A
Boeing may be prosecuted after breaking safety agreement that prevented criminal charges for 737 crashes, US DOJ says

The Justice Department on Tuesday notified Boeing Co. that it breached terms of its 2021 deferred prosecution agreement, under which the company avoided criminal prosecution for safety lapses in exchange for paying $2.5 billion in penalties and promised to improve its safety and compliance protocols.

CNN Business 7 hours ago

BA
UPDATE 2-Trump's Boeing 757 clipped corporate jet at West Palm Beach airport - source

Former U.S. President Donald Trump's private Boeing 757 clipped another corporate jet while taxiing at West Palm Beach International Airport in Florida on Sunday, a source familiar with the incident said on Tuesday. The Federal Aviation Administration said in a statement that a privately owned 757 contacted a parked and unoccupied corporate jet at the south Florida airport. The FAA statement did not identify the plane as belonging to Trump.

Reuters 7 hours ago

BA
NYCB to Sell $5 Billion of Loans to JPMorgan to Free Up Cash

(Bloomberg) -- New York Community Bancorp, disposing of assets and freeing up cash after its rescue by investors, agreed to sell about $5 billion of loans to JPMorgan Chase & Co.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesHow One of the World's Oldest Hedge Funds Went BankruptMacron Puts French Banks in Play With Plan to Transform Euro

Bloomberg 8 hours ago

NYCB
UPDATE 1-US Senate confirms transportation safety board chair to new term

The U.S. Senate Commerce Committee on Tuesday confirmed the nomination of Jennifer Homendy by voice vote to serve a new term as chair of the National Transportation Safety Board. Homendy, who was renominated by President Joe Biden in March, was the on-scene board member for the March 26 Baltimore bridge collapse and the Jan. 5 Alaska Airlines Boeing 737 MAX 9 mid-air emergency prompted by a door panel blowout.

Reuters 8 hours ago

BA
NYCB to sell nearly $5 billion of mortgage warehouse loans to JPMorgan

The deal bolsters NYCB's liquidity and capital as it executes a crucial turnaround to return to profitability over the next two years. NYCB expects the transaction will add 65 basis points to its CET1 capital ratio and bolster its liquidity profile as the proceeds of the sale will be reinvested into cash and securities, it said. The sale of its loans comes after NYCB promised to shrink its balance sheet by reducing non-core assets.

Reuters 8 hours ago

NYCB
UPDATE 1-NYCB to sell nearly $5 bln of mortgage warehouse loans to JPMorgan

Embattled regional lender New York Community Bancorp said on Tuesday it has agreed to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase . The deal bolsters NYCB's liquidity and capital as it executes a crucial turnaround to return to profitability over the next two years. NYCB expects the transaction will add 65 basis points to its CET1 capital ratio and bolster its liquidity profile as the proceeds of the sale will be reinvested into cash and securities, it said.

Reuters 8 hours ago

NYCB
Best China Stocks: Tesla Rival, These E-Commerce Plays Setting Up

The best China stocks include Tesla archrival BYD as well as messaging and gaming giant Tencent and e-commerce leader PDD Holdings.

Investor's Business Daily 8 hours ago

PDD

EDU

TCEHY
UPDATE 2-US says Boeing breached 2021 737 MAX criminal prosecution deal

The U.S. Justice Department said on Tuesday that Boeing Co had breached its obligations in a 2021 agreement that shielded the planemaker from criminal prosecution over fatal 737 MAX crashes in 2018 and 2019 that killed 346 people. The Justice Department said in a court filing in Texas that the U.S. planemaker had failed to "design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations." Justice Department officials made the finding in the wake of a separate January in-flight blowout that exposed continuing safety and quality issues at Boeing.

Reuters 9 hours ago

BA
Justice Department says Boeing violated deal that avoided prosecution after 737 Max crashes

Boeing has violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft more than five years ago, the Justice Department told a federal judge on Tuesday. It is now up to the Justice Department to decide whether to file charges against Boeing. Boeing reached a $2.5 billion settlement with the Justice Department in January 2021 to avoid prosecution on a single charge of fraud — misleading federal regulators who approved the plane.

Associated Press Finance 9 hours ago

BA

Performance Overview

Return	AEYGQ	S&P 500
YTD	-99.02%	+10.00%
1-Year	-99.73%	+27.22%
3-Year	-99.87%	+27.58%

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Musk's xAI negotiates Oracle cloud server rental: Reports

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PRESS DIGEST-Wall Street Journal - May 15

PRESS DIGEST- New York Times business news - May 15

Brazil President Lula Fires Petrobras CEO After Dividend Dispute

Tencent Builds on Recovery as Alibaba Falters Again

Boeing Violated Criminal Settlement After 737 MAX Crashes, Justice Department Says

Justice Department says Boeing breached 2021 737 MAX criminal prosecution agreement

Brazil pushes out Petrobras CEO, names ex-regulator to top job

Boeing may be prosecuted after breaking safety agreement that prevented criminal charges for 737 crashes, US DOJ says

UPDATE 2-Trump's Boeing 757 clipped corporate jet at West Palm Beach airport - source

NYCB to Sell $5 Billion of Loans to JPMorgan to Free Up Cash

UPDATE 1-US Senate confirms transportation safety board chair to new term

NYCB to sell nearly $5 billion of mortgage warehouse loans to JPMorgan

UPDATE 1-NYCB to sell nearly $5 bln of mortgage warehouse loans to JPMorgan

Best China Stocks: Tesla Rival, These E-Commerce Plays Setting Up

UPDATE 2-US says Boeing breached 2021 737 MAX criminal prosecution deal

Justice Department says Boeing violated deal that avoided prosecution after 737 Max crashes

Performance Overview