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Amazon pays Italy 180 million euros to end tax, labour probe, sources say

Amazon's Italian unit paid 180 million euros to settle a probe into tax fraud and illegal labor practices. The settlement is part of a 1-billion-euro deal involving 33 companies, including DHL, FedEx, and UPS. The companies agreed to directly employ over 50,000 workers previously hired indirectly. The probe accused Amazon of circumventing labor and tax laws.

Reuters·
US
AMZN
-1.41%
US
AMZU
-2.84%
Reuters·
US
AMZN
-1.41%
US
AMZU
-2.84%

Microsoft Corporation (NASDAQ:MSFT) Receives Average Rating of "Moderate Buy" from Analysts

Microsoft Corporation (NASDAQ:MSFT) has received a consensus rating of "Moderate Buy" from 43 ratings firms. Analysts have set an average 1-year price target of $634.33. Recent analyst actions include Truist Financial raising its target price to $675 and Rothschild Redb downgrading to "hold." Insider sales include CEO Judson Althoff selling shares worth $6.27 million. Hedge funds have adjusted their stakes, with institutional investors owning 71.13% of the stock. Microsoft's stock opened at $480.84, with a market cap of $3.57 trillion.

Market Beat·
US
MSFT
+0.65%
US
MSFL
+1.06%
US
MSFO
+0.86%
Market Beat·
US
MSFT
+0.65%
US
MSFL
+1.06%
US
MSFO
+0.86%

Australia's New DTI Regulation Slightly Dovish for Cash Rate Outlook, Says BofA

Australia's New DTI Regulation Slightly Dovish for Cash Rate Outlook, Says BofA

marketscreener·
US
BAC
+0.13%
marketscreener·
US
BAC
+0.13%

AMD Willing to Pay 15% Tax to Resume Chip Exports to China, CEO Says

AMD Willing to Pay 15% Tax to Resume Chip Exports to China, CEO Says

marketscreener·
US
AMD
-0.74%
US
AMDL
-1.41%
marketscreener·
US
AMD
-0.74%
US
AMDL
-1.41%

50,000 tons of warehouse receipts were canceled in one day! JP Morgan: Signifies that copper prices have entered a "more volatile and urgently bullish mid-stage"

JP Morgan pointed out that the massive cancellations on the LME indicate that the copper market has entered a volatile "mid-stage." The core logic is that the siphoning effect from the United States forces buyers in non-U.S. regions to scramble for spot purchases, causing LME inventories to fall below the 100,000-ton threshold, triggering an asymmetric bullish outlook. Their "bullish endgame" prediction suggests that LME prices must rise significantly enough to reverse the arbitrage window for U.S. copper and force resources to flow back from the U.S. in order to end this bull market triggered by inventory mismatches

Wallstreetcn·
US
JPM
+1.27%
Wallstreetcn·
US
JPM
+1.27%
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