Author: Fiona Craig
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TeraWulf Shares Slide on $800 Million Equity Raise Plan and Soft Q1 Outlook
TeraWulf (NASDAQ:WULF) shares fell 6.6% to $19.45 in premarket trading on Wednesday after the company unveiled plans for an $800 million equity offering and released preliminary first-quarter figures that missed analyst expectations. The Maryland-based data centre infrastructure group said proceeds from the share sale will be used in part to fund development of a new…
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Smartphone Market Slips as Chip Shortage Hits, While Apple and Samsung Post Gains
The global smartphone market declined in the first quarter of 2026, bringing an end to a 10-quarter expansion streak, as shortages of memory chips and rising costs linked to the Iran conflict pressured manufacturers, according to data from IDC. Chinese handset makers were hit hardest by the supply disruptions, with Xiaomi posting the steepest annual…
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Meta Deepens Broadcom Partnership to Advance Custom AI Chip Development
Meta (NASDAQ:META) has expanded its collaboration with chipmaker Broadcom (NASDAQ:AVGO) to develop multiple generations of in-house artificial intelligence processors, as the company accelerates efforts to scale the infrastructure needed to support AI-driven features across its platforms. The updated agreement, announced Tuesday, runs through 2029 and includes an initial deployment exceeding one gigawatt of computing power—roughly…
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Oil Extends Decline as Prospects of Renewed U.S.-Iran Talks Weigh on Prices
Oil prices slipped for a second consecutive session on Wednesday, as expectations grew that negotiations between the United States and Iran could restart, potentially unlocking supply from the Middle East currently constrained by the closure of the Strait of Hormuz. Brent crude futures fell by 16 cents, or 0.2%, to $94.63 per barrel at 06:35…
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Gold Slips from One-Month Peak as Focus Turns to U.S.-Iran Talks
Gold prices edged lower in Asian trading on Wednesday after reaching a one-month high, as investors turned their attention to the prospects of renewed negotiations between the United States and Iran ahead of a ceasefire deadline next week. The precious metal had surged in the previous session, supported by improved risk sentiment after U.S. officials…
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Futures Steady as Iran Talks Hopes and Earnings Season Shape Market Mood: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to major U.S. indices were little changed, as investors monitored the prospect of renewed peace discussions between the United States and Iran. Hopes of easing tensions have helped keep oil prices below the $100-per-barrel level, even as Washington maintains a blockade on Iranian ports. At the same time, the earnings season continues to…
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Rocket Lab Introduces Gauss Electric Thruster to Support Satellite Constellations
Rocket Lab Corporation (NASDAQ:RKLB) has launched its new Gauss electric propulsion system, developed to meet growing demand from satellite constellation operators. The company also announced the creation of a production line capable of delivering more than 200 thrusters per year, aiming to ease supply constraints in the electric propulsion market. The Gauss system combines a…
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Unity Bancorp Tops Q1 Estimates with $1.40 EPS
Unity Bancorp, Inc. (NASDAQ:UNTY) reported first-quarter results on Tuesday that came in ahead of analyst expectations, posting adjusted earnings per share of $1.40 versus the $1.37 consensus forecast. Revenue for the quarter reached $33.61 million, slightly above the $33.39 million estimate. The bank’s shares were unchanged in after-hours trading following the release. Net income for…
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CarMax Tops Q4 Estimates but Shares Slide on $141M Goodwill Charge
CarMax (NYSE:KMX) reported fourth-quarter results that exceeded analyst expectations, but the stock declined after the company disclosed a $141.3 million goodwill impairment. Shares dropped more than 6% in premarket trading Tuesday. The used-car retailer posted earnings of $0.34 per share for the fourth quarter of fiscal 2026, ahead of the $0.18 consensus estimate. Revenue came…
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Travere Shares Jump 44% After FDA Approval for Rare Kidney Disease Treatment
Travere Therapeutics (NASDAQ:TVTX) shares surged 44% on Tuesday after the U.S. Food and Drug Administration approved FILSPARI for the treatment of focal segmental glomerulosclerosis (FSGS), a rare kidney disorder. The FDA cleared FILSPARI to reduce proteinuria in both adult and pediatric patients aged 8 and older with FSGS who do not have nephrotic syndrome. The…