ADVFN US – Market Content Editor
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Cognizant to Acquire Astreya in $600 Million Deal to Boost AI Capabilities
Cognizant Technology Solutions (NASDAQ:CTSH) has reached an agreement to acquire Astreya for approximately $600 million, according to a report by Reuters. The acquisition is expected to enhance Cognizant’s capabilities in AI infrastructure, as demand for artificial intelligence continues to grow across industries. The transaction is anticipated to close in the second quarter of 2026, subject…
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Pernod Ricard Abandons Merger Talks with Brown-Forman
Pernod Ricard (EU:RI) said it has called off discussions with Brown-Forman (NYSE:BF.A) after the two companies were unable to agree on deal terms. The negotiations, which had been underway for just over a month, ended without a transaction. Pernod Ricard had revealed on March 27, 2026 that it was exploring a potential tie-up with Brown-Forman,…
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UBS Profit Surges 80% in Q1, Tops Forecasts
UBS Group AG (NYSE:UBS) reported first-quarter net profit on Wednesday that exceeded expectations, supported by strong contributions from its wealth management and investment banking divisions. Net profit for the three months ending March 31 climbed 80% year over year to $3.0 billion, the bank said in a statement, comfortably ahead of Bloomberg consensus estimates of…
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Tesla Plans International Expansion of FSD Software Rollout
Tesla (NASDAQ:TSLA) announced on Tuesday that it intends to extend availability of its Full Self-Driving (FSD) software to more international markets, following the expected U.S. launch of its V14 Lite version for vehicles equipped with HW3 hardware. The company said the update is designed to ensure continued software support for HW3 vehicle owners, even as…
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Fiverr Jumps 10% After Revenue Beat and Upgraded Profit Outlook
Fiverr International Ltd. (NYSE:FVRR) reported first-quarter results on Wednesday that came in ahead of revenue expectations and lifted its full-year adjusted EBITDA forecast. Shares surged 10.23% in premarket trading following the announcement. The company posted adjusted earnings per share of $0.62, in line with analyst estimates, while revenue reached $105.5 million, exceeding the consensus forecast…
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Robinhood Falls 10% After Q1 Miss, Higher Expense Outlook Weighs
Robinhood Markets Inc. (NASDAQ:HOOD) reported first-quarter results that came in below expectations, with both earnings and revenue missing analyst forecasts. Shares dropped nearly 10% in premarket trading on Wednesday following the release. The company posted adjusted earnings per share of $0.38, falling short of the consensus estimate of $0.41. Revenue totaled $1.07 billion, also below…
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Starbucks Gains After Upgrading Outlook as Turnaround Momentum Builds
Starbucks (NASDAQ:SBUX) lifted its full-year 2026 guidance on Tuesday, raising expectations for both comparable-store sales growth and adjusted earnings per share, as CEO Brian Niccol continues to push forward a turnaround strategy that is attracting more customers back to stores. The company now expects comparable store sales to grow by at least 5.0% in fiscal…
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Oil Extends Rally on Reports of Prolonged U.S. Blockade on Iran
Oil prices climbed further on Wednesday, building on gains from recent sessions, after reports indicated the United States is preparing to extend its blockade of Iranian ports—raising the likelihood of continued supply disruptions across the Middle East. According to The Wall Street Journal, Donald Trump has directed aides to get ready for a prolonged blockade…
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Gold Holds Near One-Month Low as Iran Tensions Persist; Fed Decision in Focus
Gold prices hovered close to a one-month low on Wednesday, as demand for the precious metal remained subdued amid ongoing uncertainty surrounding the conflict with Iran. Investor caution ahead of the latest Federal Reserve policy decision also added pressure. The metal has recorded notable losses this week, with safe-haven flows favoring the U.S. dollar instead.…
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Markets Steady Ahead of Fed Decision and Key Tech Earnings: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures were slightly higher on Wednesday but remained close to flat, as investors braced for a wave of major announcements that could influence market direction. The Federal Reserve is widely expected to leave interest rates unchanged, though reports suggest it may adopt a more hawkish tone in its policy statement. At the same…