ADVFN US – Market Content Editor
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Forgent Power Shares Fall 4.35% Despite 69% Revenue Growth and Higher FY2027 Guidance
Forgent Power Solutions, Inc. (NYSE:FPS) shares declined 4.35% in pre-market trading on Thursday after the electrical distribution equipment manufacturer reported first-quarter fiscal 2027 results above expectations and raised its annual financial guidance. For the quarter ended September 30, 2026, revenue increased 69% to $479 million from $283 million a year earlier, while adjusted earnings per…
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Fermi Secures $200 Million Hyperscaler Prepayment Agreement, Reports $141.6 Million Q3 Net Loss
Fermi Inc. (NASDAQ:FRMI) announced agreements with an unnamed investment-grade hyperscale customer to develop 600 megawatts (MW) of power capacity at its Project Matador site in Texas, while reporting a third-quarter net loss of $141.6 million. The agreements include a $200 million prepayment associated with the proposed 600 MW development, scheduled to begin in 2027, and…
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A new take on fintech: Building value beyond payments
Across industries ranging from agriculture and mining to payments and logistics, businesses continue to grapple with a common challenge: trust. Whether it is verifying the origin of a product, tracking materials through a supply chain, or ensuring payments reach the right parties, organizations are increasingly looking for technology that can create transparency while reducing friction.…
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Eli Lilly Shares Rise 2.8% After China Approves Orforglipron Weight-Loss Pill
Eli Lilly (NYSE:LLY) shares advanced 2.8% in pre-market trading on Thursday after China’s medicines regulator approved the company’s oral weight-loss treatment, orforglipron, expanding its presence in the country’s obesity treatment market. The approval allows Lilly to introduce an oral alternative to injectable GLP-1 treatments in China, where it will compete with products from Novo Nordisk,…
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Tuya Smart Launches Open-Source Integration for Meta Muse AI Agent to Control Smart Home Devices
Tuya Smart (NYSE:TUYA) has introduced Tuya Cloud Devices, an open-source software skill designed to enable Meta’s (NASDAQ:META) Muse artificial intelligence agent to monitor and control compatible smart home devices through natural-language commands. The integration, named gadget-tuya-cloud-devices, connects to Tuya’s cloud infrastructure using a single API key. According to the company, it does not require local…
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National Vision Reports Higher Q3 Earnings but Lowers Comparable Sales Growth Outlook
National Vision Holdings, Inc. (NASDAQ:EYE) reported third-quarter adjusted earnings above analyst expectations on Thursday, although revenue fell slightly short of forecasts and the optical retailer issued fiscal 2026 guidance below market estimates. Shares declined approximately 0.5% in pre-market trading following the announcement. Adjusted earnings per share increased to $0.30 from $0.13 a year earlier, exceeding…
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Foxconn Reports 34% Rise in Quarterly Profit to T$77.5 Billion, Expects Continued AI Demand
Foxconn (USOTC:FXCOF), the Taiwanese electronics manufacturer and major supplier to Nvidia and Apple, reported a 34% increase in third-quarter net profit on Thursday, exceeding market expectations, while forecasting continued growth in artificial intelligence-related demand despite supply chain constraints. Net profit for the July-to-September period reached T$77.5 billion ($2.35 billion), compared with an LSEG analyst consensus…
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Nvidia Shares Fall 7% as Board Considers CEO Jensen Huang’s Future
Nvidia (NASDAQ:NVDA) shares declined approximately 7% in early Frankfurt trading on Thursday as the semiconductor company’s board reportedly met to consider the future of Chief Executive Jensen Huang following allegations concerning his personal relationships and potential links to Chinese intelligence. A source familiar with the matter told Reuters that directors held discussions extending into Wednesday…
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Gold Declines to $3,973 as US Inflation Raises Expectations of December Fed Rate Increase
Gold prices extended their decline on Thursday, November 12, 2026, falling below $4,000 per ounce as higher-than-expected US inflation and Federal Reserve commentary increased expectations of another interest rate increase in December. At 00:16 ET (05:16 GMT), spot gold declined 0.4% to $3,973.13 per ounce, while US gold futures fell 0.6% to $3,978.57. Silver lost…
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Oil Prices Recover as Middle East Tensions Offset Rising Production
Oil prices advanced on Thursday, recovering from earlier declines as geopolitical tensions in the Middle East continued to influence trading despite increased crude production in the region. Brent crude futures rose 45 cents, or 0.49%, to $93.21 per barrel by 07:32 GMT, while US West Texas Intermediate (WTI) gained 27 cents, or 0.31%, to $86.80…