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24.12.25 - 18:09
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Tim Cook Buys Nike Stock At Bear-Market Extremes (ZeroHedge)
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Tim Cook Buys Nike Stock At Bear-Market Extremes
Apple CEO Tim Cook bought another tranche of Nike shares in the open market, according to new insider filings. The purchase comes after roughly four years of share-price declines, with shares trading below Covid-era prices and at 2017 levels, pressured by softer demand in China and mixed channel trends in North America.
Cook made his second purchase of Nike shares this year, buying $2.95 million worth, equivalent to 50,000 Class B shares, at a weighted average price of $58.97 on Monday.
In total, Cook owns 100,000 shares and has been on a buying spree in the four-year bear market. Cook has been buying Nike shares since 2014 (mostly purchases late in the year).
Looking back at Cook's share purchases during the four-year bear market, the stock did not sustain an upward trend immediately afterwards. Still, Bloomberg noted that shares were up about 2% in premarket trading on the news.
It's important to note that sentiment around Nike shares is ext...
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24.12.25 - 16:48
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Intel Declines; Dynavax Rallies; Nike Ticks Higher (Bloomberg)
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- Shares of Intel (INTC) fell in the early session after Reuters reported that Nvidia halted a test that uses the chip manufacturer's 18A technology to produce its chips.
- Shares of Dynavax Technologies (DVAX) soared in premarket trading after Sanofi agreed to buy Dynavax for about $2.2 billion, as it seeks to expand a vaccines business currently anchored by its flu shot franchise. The French drugmaker will pay $15.50 a share in cash for Dynavax, 39% above the Emeryville, California-based firm's closing price Tuesday.
- Shares of Nike (NKE) moved higher ahead of the US market open after a filing shows that Apple CEO Tim Cook purchased $2.95 million worth of shares on December 22nd. (Source: Bloomberg)...
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24.12.25 - 14:51
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Futures Flat With Early Close On Deck (ZeroHedge)
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Futures Flat With Early Close On Deck
And there it is: the Santa Rally which we predicted would begin a week ago after Abu Dhabi removed much of the AI capex fears festering the OpenAI ecosystem, the S&P has rocketed to a new record high on Tuesday, with stocks looking set for a quiet start to the abbreviated Christmas Eve session. As of 8:00am ET, S&P 500 futures and Nasdaq 100 contracts were little changed following four days of gains in US stocks which signal confidence among investors that 2026 will bring decent corporate earnings growth and easing inflation, not to mention the restart of the Fed's QE Lite which has so far injected $40bn into the market. The result is relative calm in equities, with no down month since April and a VIX which is below 14. In premarket trading, Nike gained 2.1% after a filing shows that Apple CEO Tim Cook purchased $2.95 million worth of shares. Intel shares fall as much as 3.1% in premarket trading after Reuters reported that Nvidia halted a test that use...
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24.12.25 - 08:51
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Italy Slaps Apple With $116 Million Fine Over Double-Consent Requirement On Apps (ZeroHedge)
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Italy Slaps Apple With $116 Million Fine Over Double-Consent Requirement On Apps
Italy's version of the Federal Trade Commission fined Apple, Inc. nearly $116 million over what it says were overly-restrictive privacy rules that required third-party app developers to obtain user consent for data collection and tracking when it comes to delivering targeted advertising.
A general view of the first Italian flagship Apple store in Milan on July 26, 2018. Piero Cruciatti/AFP/Getty Images
Italy's watchdog authority - the AGCM, said on Monday that Apple and its subsidiaries abused its "super-dominant" market position by requiring said consumer protections.
The fine stems from a May 2023 joint investigation by the AGCM, European Commission, Italian Data Protection Authority (GPDP in Italian), and other national competition authorities into the restrictions from Apple's App Tracking Transparency (ATT) framework.
AGCM claims that in April 2021, Apple began requiring app developers...
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