ADVFN US – Market Content Editor
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Occidental Petroleum Jumps After Evercore Double Upgrade (OXY)
Occidental Petroleum (NYSE:OXY) shares climbed 3.8% in pre-market trading on Wednesday after Evercore ISI upgraded the oil producer by two notches, citing a stronger balance sheet and improved cash generation prospects. Evercore Turns Bullish on Free Cash Flow Outlook Evercore upgraded Occidental to Outperform from Underperform and increased its price target to $65 from $58.…
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Apple Commits Over $30 Billion to Broadcom Supply Deal as Colorado Plant Expands (AAPL)
Apple (NASDAQ:AAPL) will invest more than $30 billion under a long-term semiconductor supply agreement with Broadcom (NASDAQ:AVGO), a partnership that will also fund a major expansion of Broadcom’s manufacturing facility in Colorado. Long-Term Agreement Supports U.S. Chip Production Broadcom announced earlier this week that it had signed a supply agreement with Apple running through 2031.…
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SpaceXAI to Launch Grok 4.5 for Public Access, Musk Confirms (SPCX)
SpaceX (NASDAQ:SPCX) will make its Grok 4.5 artificial intelligence model publicly available on Thursday, according to a social media post from chief executive Elon Musk. Musk Positions Grok 4.5 Against Leading AI Models Musk described Grok 4.5 as an “Opus-class” model, drawing comparisons with Anthropic’s Claude while claiming it delivers faster performance, greater token efficiency…
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OpenAI Set to Release Most Advanced GPT Model Following Security Review (OAI)
OpenAI (NASDAQ:OAI) is expected to publicly unveil its most advanced artificial intelligence model, GPT-5.6, on Thursday after postponing its release last month at the request of the U.S. government amid growing national security concerns. GPT-5.6 Cleared Following Government Review The delayed rollout comes as the United States and China continue to compete in the development…
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Rivian Shares Decline After $1.2 Billion Share Offering (RIVN)
Rivian Automotive (NASDAQ:RIVN) shares fell 4.7% in pre-market trading on Wednesday as investors reacted to the electric vehicle maker’s decision to launch a 75 million-share public offering priced at $15.50 per share. Capital Raise Weighs on Sentiment The offering is expected to generate approximately $1.2 billion in gross proceeds and is partly intended to fund…
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Bath & Body Works Shares Fall After Goldman Sachs Downgrade (BBWI)
Bath & Body Works (NYSE:BBWI) shares dropped 4.1% in pre-market trading on Wednesday after Goldman Sachs downgraded the specialty retailer to Sell, citing concerns over weakening consumer sentiment, brand perception and the risks associated with its evolving distribution strategy. Goldman Cuts Rating and Lowers Expectations Goldman Sachs assigned the stock a Sell rating with a…
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Dollar Tree Shares Edge Higher After Analysts Raise Price Targets (DLTR)
Dollar Tree (NASDAQ:DLTR) shares rose 0.1% in pre-market trading on Wednesday after several Wall Street firms adopted a more positive outlook on the discount retailer, led by JPMorgan’s decision to raise its price target following a meeting with management. Analysts Turn More Positive JPMorgan increased its target price on Dollar Tree to $170 from $160…
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Barrick Mining Shares Weaken as Gold Prices Extend Decline (B)
Barrick Mining (NYSE:B) shares fell 1.8% in pre-market trading on Wednesday as continued weakness in gold prices weighed on sentiment across the precious metals mining sector. Gold Retreat Continues After Iran Developments Gold, which reached record highs above $5,500 an ounce in January 2026, declined by around 1.4% after U.S. President Donald Trump said the…
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U.S. Air Force Selects Salesforce Platform to Oversee 84,000-Vehicle Fleet (CRM)
Salesforce (NYSE:CRM) has announced that the U.S. Air Force’s 441st Vehicle Support Chain Operations Squadron (VSCOS) is using its Missionforce National Security platform to manage a vehicle fleet valued at $13.5 billion, covering more than 84,000 vehicles across almost 389 locations worldwide. New Platform Replaces Legacy Fleet Management System The 85-member squadron, which provides support…
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Apple Loses EU Appeal Over App Store and iOS Gatekeeper Status (AAPL)
Apple (NASDAQ:AAPL) has failed in its attempt to overturn European Union rules that classify the App Store and the iOS operating system as “gatekeeper” services under the bloc’s Digital Markets Act (DMA). EU Court Backs Digital Markets Act Decision The EU’s General Court in Luxembourg upheld the European Commission’s decision to designate both the App…