ADVFN US – Market Content Editor
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Shoe Station Group Shares Fall 13% as FY26 Guidance Trails Estimates
Shoe Station Group Inc. (NASDAQ:SHOE) shares fell 13.07% in pre-market trading on Thursday after the footwear retailer issued fiscal 2026 guidance below analyst estimates and reported a second-quarter revenue decline. Adjusted earnings per share were $0.45, above the analyst consensus of $0.34. Revenue fell 7.2% year on year to $284.3 million from $306.4 million, below…
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IBM and Lockheed Martin Establish Quantum Innovation Hub at ETH Zurich
IBM (NYSE:IBM) and Lockheed Martin (NYSE:LMT) have established a quantum innovation hub at ETH Zurich under an offset agreement with armasuisse, Switzerland’s Federal Office for Defence Procurement. The hub will host Switzerland’s first IBM Quantum System Two at the Swiss National Supercomputing Centre in Lugano. IBM will operate the system, which will use the company’s…
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Mubadala Agrees Investment in Luckin Coffee as Transaction Totals About $1 Billion
Abu Dhabi sovereign wealth fund Mubadala Investment has agreed to make a minority investment in Luckin Coffee (USOTC:LKNCY) as part of a transaction involving the Chinese coffee chain’s controlling shareholder, Centurium Capital, totalling approximately $1 billion. The transaction is being carried out alongside Centurium and remains subject to customary closing conditions. Mubadala said it sees…
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Nvidia Targets About 2 GW of Australian Data Centre Capacity by 2027
Nvidia (NASDAQ:NVDA) said it is working with Australian companies to develop approximately 2 gigawatts of data centre computing capacity in the country by 2027 as demand for artificial intelligence infrastructure increases. The planned capacity would more than double Australia’s current computing load, according to the supplied information. Nvidia did not disclose financial terms for the…
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Apple Launches $1,999 Foldable iPhone Duo With October Release
Apple (NASDAQ:AAPL) introduced its first foldable smartphone on Wednesday, unveiling the $1,999 iPhone Duo as it enters a market that includes Samsung and Huawei. The passport-sized device opens to a 7.6-inch display and includes a smaller external screen. Apple said the Duo is its thinnest iPhone when unfolded, although it remains thicker than some foldable…
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Starbucks Plans About $1 Billion of North American Cafe Upgrades, FT Reports
Starbucks (NASDAQ:SBUX) plans to invest about $1 billion in upgrades to its North American cafes as part of changes intended to encourage customers to spend more time in its stores, according to a Financial Times report. The coffee chain is planning renovations across as many as 9,000 company-operated locations in North America, the FT reported,…
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Coinbase CEO Says He Believes Bitcoin Has Reached Cycle Bottom
Coinbase Global (NASDAQ:COIN) Chief Executive Brian Armstrong said he believes Bitcoin has reached its low point in the current market cycle and expects the cryptocurrency to trend higher as the next halving approaches. “Bitcoin goes through these four-year cycles. I personally think we’ve seen the bottom of the Bitcoin price in this cycle, and it’s…
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TSMC August Revenue Rises 53.3% to T$514.8 Billion
Taiwan Semiconductor Manufacturing Co (NYSE:TSM), or TSMC, reported a 53.3% year-on-year increase in August revenue as demand for its advanced semiconductor manufacturing processes continued. Revenue reached T$514.8 billion ($16.35 billion) for the month, compared with the same period a year earlier. On a month-on-month basis, revenue increased 10.1%. For the year to date, TSMC reported…
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Med-X, Inc.: Building a natural alternative in a chemical world
Part One of a Three-Part Investor Series In an era of growing scrutiny over food safety, environmental sustainability, and chemical exposure, a new generation of companies is attempting to rethink products that many consumers rarely consider. Among them is Med-X Inc, a privately held company preparing for a planned NASDAQ listing this autumn, reserved ticker…
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Gold Rises Toward $4,420 as Dollar Weakens Ahead of U.S. Inflation Data
Gold prices rose on Thursday, approaching $4,420 an ounce as the U.S. dollar weakened ahead of inflation data that could affect expectations for the Federal Reserve’s next interest-rate decision. At 02:40 ET (06:40 GMT), spot gold, or XAU/USD, gained 0.4% to $4,418.87 an ounce, while gold futures rose 0.03% to $4,461.82. Silver, or XAG/USD, increased…