Author: Fiona Craig
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Qorvo Shares Drop After Weak Outlook Flags Apple-Related Slowdown
Shares of Qorvo Inc (NASDAQ:QRVO) fell around 10% in U.S. premarket trading on Wednesday after the radio-frequency chipmaker issued softer-than-expected guidance for the current quarter, citing weaker seasonal demand from its largest customer, Apple (NASDAQ:AAPL). Qorvo, which is in the process of being acquired by larger rival Skyworks Solutions Inc (NASDAQ:SWKS), supplies radio-frequency components such…
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Oil Edges Higher as Supply Disruptions and Weak Dollar Support Prices
Oil prices pushed modestly higher on Wednesday, extending the previous session’s gains as supply concerns lingered following weather-related disruptions in the United States, alongside output issues in Kazakhstan. A softer U.S. dollar and ongoing tensions in the Middle East also provided support. By 09:00 GMT, Brent crude futures were up 23 cents, or 0.3%, at…
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Gold Powers to Fresh Record Above $5,260/oz as Safe-Haven Demand Builds
Gold prices surged to new all-time highs on Wednesday, climbing beyond $5,200 an ounce as investors sought safety amid geopolitical tensions, policy uncertainty and a sharply weaker U.S. dollar. Spot gold briefly touched a record $5,266.38 per ounce, while April gold futures peaked at $5,297.86 per ounce. The rally was mirrored across precious metals, with…
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Fed Call and Earnings Wave Take Center Stage as Markets Brace for Volatility: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures were mostly higher early Wednesday as investors positioned cautiously ahead of a packed session featuring a key Federal Reserve policy decision and a heavy slate of corporate earnings. The Fed is widely expected to keep interest rates unchanged, while several mega-cap technology groups are set to report results after U.S. markets close.…
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Micron shares slip as Samsung moves closer to Nvidia HBM4 approval
Micron Technology (NASDAQ:MU) shares declined 2% on Monday after reports indicated that Samsung Electronics (KS:005930) is nearing certification from Nvidia (NASDAQ:NVDA) for its next-generation high-bandwidth memory chip, potentially positioning it as the first supplier to bring HBM4 to market. According to Bloomberg, Samsung has reached the final stage of Nvidia’s qualification process after delivering initial…
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Booz Allen Hamilton shares slide after U.S. Treasury scraps contracts
Shares of Booz Allen Hamilton (NYSE:BAH) dropped 8% on Monday after the U.S. Treasury Department said it had terminated all of its contracts with the consulting group, pointing to concerns around data security. The Treasury said it cancelled 31 individual contracts with Booz Allen Hamilton, amounting to about $4.8 million in annual spending and roughly…
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Trade Desk names Tahnil Davis interim CFO as shares slide
Shares of Trade Desk (NASDAQ:TTD) fell 4.8% after the company said it has appointed Tahnil Davis as Interim Chief Financial Officer. Davis will report directly to CEO and co-founder Jeff Green, taking over the role from Alex Kayyal. Alongside the leadership update, the digital advertising group reiterated its financial guidance for the fourth quarter. Trade…
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BlackRock TCP Capital shares sink after sharp Q4 NAV write-down
Shares of BlackRock TCP Capital (NASDAQ:TCPC) fell 15% after the business development company revealed a steep 19% drop in net asset value per share for the fourth quarter of 2025. In a preliminary filing with the SEC, the company said NAV per share is expected to land between $7.05 and $7.09 as of December 31,…
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Nvidia rolls out Earth-2 open AI models to transform weather forecasting
Nvidia (NASDAQ:NVDA) on Monday introduced a new suite of open-source models and tools for AI-driven weather prediction at the American Meteorological Society’s Annual Meeting. Branded as Earth-2, the platform is described as the world’s first fully open, accelerated software stack for weather and climate forecasting, designed to broaden access for researchers, startups, developers, enterprises and…
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Roblox shares slip as analysts point to cooling user engagement
Roblox Corporation (NYSE:RBLX) shares fell 2.5% on Monday after analysts raised fresh concerns about a recent pullback in user activity over the weekend. According to JPMorgan analyst Cory Carpenter, the platform’s peak concurrent users (CCUs) dropped to about 23 million over the weekend, down from roughly 26 million a week earlier. That marked the weakest…