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The share price of Global Star plunged 20%. Apple Inc's press conference did not mention the previously rumored Leo satellite communication function.
Global satellite (GlobalStar), a satellite communications service provider, plunged more than 20% in intraday trading on Tuesday, and Apple Inc did not mention the previously rumored Leo satellite communications function at its autumn press conference. Guo Mingyi, an analyst at Tianfeng Securities, predicted before Apple Inc's press conference that the hardware specification of iPhone 13 could support low-orbit satellite communications, and if Apple Inc turned on the relevant software functions, he or she would be able to make calls and communicate through satellite communications when the user was not covered by 4G/5G. In terms of technology and service coverage, the Leo satellite service provider most likely to cooperate with Apple Inc is Globalstar. Apple
Zoom's financial report for the second fiscal quarter exceeded expectations, but performance growth slowed sharply, and stock prices fell more than 10% after the market
Video communication software provider Zoom's stock price plummeted more than 10% after the market on Monday. The company's latest earnings report showed that earnings for the second fiscal quarter exceeded analysts' expectations, but performance growth slowed compared to the previous quarter. Financial reports show that Zoom's earnings per share after adjustment for the second fiscal quarter were 1.36 US dollars, and the market forecast was 1.16 US dollars; revenue increased 54% year-on-year to 1.02 billion US dollars, and the market expected 991 million US dollars, but there was a sharp slowdown from the 191% increase in the previous quarter. Regarding performance guidance for the next quarter, Zoom expects adjusted earnings per share to be $1.07-1.08 and revenue of $1,015-10 million
The S & P 500 is expected to have its biggest weekly gain since April, helped by easing inflation concerns.
As inflationary pressures ease and confidence in fiscal stimulus returns, the S & P 500 is heading for its biggest weekly gain since April. The index hit a new intraday high, up 0.3% as of 1015 / 04 New York time. Eight of the 11 major sectors rose, led by the financial sector. The Nasdaq 100 and the Nasdaq Composite Index, which closed at a record high on Thursday, were basically flat. Nike rose to a record high after reporting strong results. FedEx fell as its performance outlook was lower than expected.
Nike rose 15%, a record high, and its fourth-quarter results exceeded market expectations.
NKE.N (Nike) rose 15% to an all-time high after beating market expectations for the full year and the fourth quarter and was upgraded by a number of big banks.
Japan's GDP fell at an annualised rate of 3.9% in the first quarter under the epidemic emergency.
Japan's economy shrank less than its initial value last quarter, and a new round of restrictions to curb the epidemic is likely to prolong the economic downturn. Gross domestic product shrank at an annualised rate of 3.9 per cent from the fourth quarter of 2020, less than the 5.1 per cent contraction the government had expected, according to data released by the cabinet office on Tuesday. Economists had expected a contraction of 5%. Another report showed that wages rose at their fastest pace since the end of 2018 in April from a year earlier. Important insights
The Senate meets on Saturday to discuss Barrett's nomination, which will be confirmed on Monday.
The procedural vote will be held on Sunday and the final confirmation will be held on Monday. On Saturday afternoon EDT, the Senate will meet in a rare session to debate Justice Amy Coney Barrett's entry to the Supreme Court. In a few days, voters will decide whether Republicans will continue to control the Senate and the White House. Democrats strongly opposed the confirmation of Barrett's appointment so close to the election, boycotting the Judiciary Committee's vote on Thursday. Senator Chuck Schumer (Chuck Schumer), Democrat of New York, adopted four kinds of procrastination wars at the Senate meeting on Friday.
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