Author: Fiona Craig
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U.S.-Iran Ceasefire Under Pressure; AMD Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to major U.S. indices edged higher on Tuesday, pointing to a potential rebound after the previous session was hit by renewed tensions around the Strait of Hormuz. Investor sentiment had been shaken by fresh attacks, as uncertainty persists over the stability of the fragile ceasefire between the U.S. and Iran. Washington continues efforts…
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Delta Gold Files Patent on Quantum Device Breakthrough, Expands University Partnerships
Delta Gold Technologies plc (USOTC:DGQTF) (AQSE:DGQ) has filed a provisional patent application tied to a new discovery in quantum device engineering, emerging from its sponsored research program with the University of Toronto. The patent focuses on novel transducer structures, components that could play a key role in next-generation quantum technologies. The filing establishes an early…
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Markets May Be Underplaying the Lasting Effects of Oil Supply Disruptions, UBS Warns
Strategists at UBS caution that global equity markets are not fully pricing in the broader economic consequences of the current oil supply shock, suggesting that the knock-on effects on growth and corporate earnings could be more prolonged than investors anticipate. Brent crude has climbed back above $100 per barrel, after briefly nearing $120, as the…
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Concerns over AI reshape how investors view long-term US stock valuations, Goldman says
Growing unease about the potential for artificial intelligence to disrupt long-term corporate growth in the United States is prompting investors to reassess how much of current equity valuations rely on profits far into the future, according to analysts at Goldman Sachs. The shift in focus is particularly pronounced in sectors such as software. Goldman noted…
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Markets Edge Higher as Apple Outlook Lifts Sentiment, Oil Holds Firm: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures ticked higher following record closes on Wall Street, as investors weighed upbeat corporate earnings signals against mounting geopolitical risks and currency volatility. A strong outlook from Apple (NASDAQ:AAPL) helped underpin sentiment, while oil prices maintained weekly gains amid escalating tensions involving Iran. At the same time, a weaker Japanese yen and a…
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Western Digital Shares Drop Despite Strong Q3 Beat
Western Digital Corporation (NASDAQ:WDC) reported fiscal third-quarter results that exceeded Wall Street expectations, but its shares fell more than 7% in premarket trading on Friday. The stock had closed 5.27% higher on Thursday and had surged over 60% over the past month, driven by growing investor optimism. Elevated Expectations Weigh on Market Reaction With data…
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Reddit Shares Jump 17% Premarket as Revenue Strength and EBITDA Growth Outshine Earnings Miss
Reddit Inc (NYSE:RDDT) shares surged 17% in premarket trading on Friday after the company delivered a strong revenue beat for the first quarter. While diluted earnings per share of $1.01 came in below the analyst forecast of $1.11, investor focus shifted to the platform’s robust top-line growth of 69% year over year. Revenue and User…
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Apple Shares Edge Higher on Strong Results and “Remarkable” Margin Outlook
Apple (NASDAQ:AAPL) reported record-breaking revenue and earnings per share on Thursday, supported by a second consecutive quarter of more than 20% growth in iPhone sales. The update marks the company’s first earnings release since its unexpected CEO transition announcement. Shares rose nearly 3% in premarket trading on Friday after management projected second-quarter revenue growth of…
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Roblox Shares Tumble 22% Premarket After Cutting Bookings Forecast
Roblox Corp. (NYSE:RBLX) saw its shares plunge nearly 22% in premarket trading on Friday after the company sharply lowered its full-year bookings outlook, pointing to headwinds linked to its age-verification rollout, which has limited user interaction and slowed new user growth. Q1 Results Mixed as Engagement Metrics Miss Expectations The gaming platform reported first-quarter bookings…
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SanDisk Shares Slip Despite Strong Q3 Outperformance Driven by Datacenter Demand
SanDisk (NASDAQ:SNDK) reported a sharp surge in third-quarter revenue on Thursday, significantly exceeding Wall Street expectations as demand for datacenter products and stronger pricing supported results. The company posted revenue of $5.95 billion for the quarter, marking a 251% increase from the same period last year and comfortably surpassing analyst forecasts of $4.73 billion. Shares…