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Nadia Polydorou
September 27, 2022

Apple's share of the mega-cap market appears unchallenged by Tesla's stock

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3 Things to know in this week's markets

3 Things to know in this week's markets

Heading into this week's markets, JPMorgan analysts drop COIN price target for December, while Amazon plans a second Prime Day for the first time in one year. Elsewhere, General Motors Co said on Friday it will invest $760 million at its Toledo, Ohio factory to build drive units for electric trucks.

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Costco remains a haven for consumers, beating estimates in latest earnings report

Costco remains a haven for consumers, beating estimates in latest earnings report

In its most recent quarter, Costco Wholesale Corp. posted higher sales, with revenues rising 15% to $72.09 billion, the latest indication that the warehouse retailer remains a haven for consumers dealing with ongoing inflation.

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Salesforce introduces new profitability goal alongside host of new products

Salesforce introduces new profitability goal alongside host of new products

The enterprise software maker, Salesforce, announced a new long-range profitability goal that showed the company's determination to operate more efficiently. At the Dreamforce conference Wednesday, Salesforce introduced a host of new products, including "Genie" and "Slack Canvas."

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Hertz announces deal to buy up to 175,000 EVs from GM

Hertz announces deal to buy up to 175,000 EVs from GM

Alongside General Motors Tuesday, Hertz Global Holdings Inc. announced a groundbreaking deal that would see the rental company buy up to 175,000 electric vehicles from GM over five years.

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Hackers access and leaks footage of latest "Grand Theft Auto," says Take-Two

Hackers access and leaks footage of latest "Grand Theft Auto," says Take-Two

In a securities filing Monday, Take-Two Interactive Software Inc. disclosed hackers broke into the networks of its Rockstar Games Inc. unit, illegally accessing early-development footage of the company's next "Grand Theft Auto" video game.

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Backed by Peter Thiel, Rumble goes public after merger approval

Backed by Peter Thiel, Rumble goes public after merger approval

Following the merger with CF Acquisition Corp. VI, the conservative video network Rumble will become a publicly held company on Monday, with CFVI shares to trade under the ticker symbol 'RUM.'

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FedEx announces unpleasant quarterly results, shares drop most in 40 years

FedEx announces unpleasant quarterly results, shares drop most in 40 years

Last week, FedEx surprised investors by announcing its quarterly results sooner than expected, which quickly turned out to be unpleasant. The shipping giant withdrew its full-year guidance and warned its fiscal first quarter would come in well below expectation.

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Adobe agrees to buy startup Figma to expand creative offerings, shares plunge

Adobe agrees to buy startup Figma to expand creative offerings, shares plunge

Technology giant Adobe Inc. agreed Thursday to acquire design-software startup Figma Inc. in a deal valued at roughly $20 billion as it expands its range of creative tools for professionals.

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