Author: Fiona Craig
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Palo Alto Networks jumps on strong Q4 results and upbeat guidance
Shares of Palo Alto Networks (NASDAQ:PANW) climbed more than 5% in premarket trading Tuesday after the cybersecurity firm posted quarterly results and issued guidance that exceeded Wall Street expectations. The company reported adjusted earnings of 95 cents per share for the fourth quarter ended in July, surpassing analysts’ consensus of 89 cents. Revenue came in…
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Dollar Edges Down as Markets Eye Jackson Hole; Euro Strengthens
The U.S. dollar slipped slightly on Tuesday, giving back earlier gains as investors remained cautious following the White House summit on Ukraine. By 04:40 ET (08:40 GMT), the Dollar Index, which tracks the greenback against six major currencies, was down 0.1% at 97.920, retreating from modest overnight gains. Dollar Holds in Narrow Range President Donald…
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Nvidia readies China-focused AI chip set to outperform H20 – report
Nvidia (NASDAQ:NVDA) is reportedly developing a new artificial intelligence processor tailored for the Chinese market, built on its latest Blackwell architecture and expected to exceed the capabilities of its current H20 model, Reuters reported Tuesday, citing sources familiar with the matter. The chip, tentatively called the B30A, will feature a single-die design projected to deliver…
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Gold Steady as Traders Watch Ukraine-Russia Talks and Jackson Hole
Gold prices were largely unchanged in Tuesday’s Asian session as investors stayed on the sidelines, awaiting clarity on a possible Russia-Ukraine peace deal and the upcoming Jackson Hole Symposium. The metal is recovering some losses from last week, when optimism grew that a meeting between U.S. President Donald Trump and Russian President Vladimir Putin could…
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Oil Slides as Trump Pushes for Russia-Ukraine Talks
Oil prices fell in early Asian trading on Tuesday as investors weighed developments from U.S.-Ukraine discussions, with attention turning toward a potential meeting between Ukrainian President Volodymyr Zelenskiy and Russian President Vladimir Putin. At 01:05 ET (05:05 GMT), October Brent crude futures dropped 0.5% to $66.16 per barrel, while West Texas Intermediate (WTI) futures slipped…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Zelensky Meeting, Home Depot Earnings, Palo Alto Forecasts Drive Market Moves
U.S. stock futures dipped slightly on Tuesday as investors awaited earnings from Home Depot and comments from Federal Reserve officials. Meanwhile, attention remains on efforts to resolve the conflict in Ukraine, following the latest Trump-Zelensky meeting, and on Palo Alto Networks’ encouraging guidance. Trump-Zelensky Talks in Washington The search for peace in Ukraine continues after…
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Soligenix Shares Surge After FDA Grants Orphan Drug Status
Soligenix (NASDAQ:SNGX) stock skyrocketed 88% after the FDA awarded orphan drug designation to dusquetide, the active component of SGX945, for the treatment of Behçet’s Disease. The designation follows the FDA’s evaluation of recent Phase 2a clinical trials, which demonstrated both biological efficacy and safety in patients with this rare autoimmune disorder. Orphan drug status provides…
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Applied Digital Shares Jump 17% After $3 Billion AI Campus Announcement
Applied Digital (NASDAQ:APLD) saw its stock surge 17% following news of plans to develop a $3 billion AI computing campus in North Dakota, aiming to expand capacity to meet rising demand for AI processing power. Construction on the Polaris Forge 2 facility, a 280-megawatt AI Factory near Harwood, North Dakota, is slated to begin in…
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Strategy Expands Bitcoin Holdings with $51 Million Acquisition
Strategy (NASDAQ:MSTR), under the leadership of Michael Saylor, added 430 BTC to its portfolio last week, paying an average of $119,666 per coin for a total outlay of roughly $51.4 million. The company’s total Bitcoin balance now stands at 629,376 BTC, acquired at an average price of $73,320 per unit. The current market value of…
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BitMine Boosts Ethereum Holdings, Crypto Portfolio Tops $6.6 Billion
BitMine Immersion Technologies (AMEX:BMNR) revealed that its cryptocurrency portfolio has now exceeded $6.61 billion, making it the largest Ethereum (COIN:ETHUSD) reserve globally and the second-largest crypto stash overall, trailing only Strategy Inc. (NASDAQ:MSTR). The company currently holds 1.52 million ETH alongside 192 BTC. In a major acquisition last week, BitMine added 373,110 ETH to its…