Category: Latest News
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Enterprise Products Partners tops forecasts as pipeline throughput hits new highs
Enterprise Products Partners L.P. (NYSE:EPD) delivered a stronger-than-expected fourth-quarter performance, helped by record volumes across several of its pipeline and processing systems. Units rose about 1.5% in pre-market trading after the results were released. The midstream group posted earnings of $0.75 per unit for the quarter, ahead of analysts’ expectations of $0.69. Revenue climbed to…
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MPLX tops fourth-quarter forecasts as gas-focused strategy delivers results
MPLX LP (NYSE:MPLX) reported better-than-expected fourth-quarter earnings on Tuesday, with the midstream operator benefiting from sustained investment across its natural gas and natural gas liquids (NGL) assets. The units edged explained higher in pre-market trading, up about 1.0% following the release. Net income attributable to MPLX LP reached $1.19 billion, or $1.17 per unit, comfortably…
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Gold rebounds sharply after heavy selloff, nears $5,000 an ounce
Gold prices staged a strong rebound on Tuesday, with silver and platinum also posting sizable gains, as precious metals appeared to stabilize following two sessions of steep declines. At 08:25 ET (13:25 GMT), spot gold jumped 5.8% to $4,931.00 an ounce, while April gold futures climbed 6.4% to $4,952.34 an ounce. Spot silver surged more…
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U.S. Futures Signal Further Gains on Wall Street: Dow Jones, S&P, Nasdaq
Futures tied to the major U.S. stock indices are pointing to a higher open on Tuesday, suggesting equities could extend the momentum built in the previous session. Early strength is being driven in part by a sharp move in Palantir Technologies (NASDAQ:PLTR), with the AI-focused software company jumping about 11.7% in premarket trading. The rally…
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Space Shares Rise After $1.25 Trillion SpaceX–xAI Combination
Shares across the space sector moved higher on Tuesday after Elon Musk announced a merger between SpaceX and xAI that values the combined group at $1.25 trillion. The transaction marks a major step in Musk’s ambition to scale artificial intelligence infrastructure beyond Earth. He said the cheapest way to generate AI computing capacity will be…
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PepsiCo Tops Q4 Forecasts as Revenue Momentum Picks Up
PepsiCo, Inc. (NASDAQ:PEP) delivered better-than-expected fourth-quarter 2025 results, posting adjusted earnings per share of $2.26, ahead of the $2.24 consensus, while revenue reached $29.34 billion, beating forecasts of $28.98 billion. The food and beverages group reported organic revenue growth of 2.1% for the quarter, which it said reflected “a sequential acceleration in reported and organic…
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Pfizer Reports Promising Phase 2b Results for Obesity Candidate
Pfizer Inc. (NYSE:PFE) said its investigational obesity drug PF-08653944 delivered placebo-adjusted weight loss of up to 12.3% in a phase 2b clinical study, supporting its potential as a monthly injectable treatment. The trial evaluated the GLP-1 receptor agonist in adults who were obese or overweight but did not have type 2 diabetes. The phase 2b…
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Nvidia Shares Steady as OpenAI Explores Alternative AI Chip Suppliers
Nvidia (NASDAQ:NVDA) shares were little changed in extended trading on Tuesday, after falling 2.9% during the regular session, following a Reuters report that OpenAI is unhappy with aspects of Nvidia’s latest AI chips and has been looking at rival suppliers. According to the report, OpenAI began assessing alternative chipmakers last year, with a particular focus…
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Palantir Jumps After Record Sales and Upbeat Growth Outlook
Shares of Palantir Technologies (NASDAQ:PLTR) jumped more than 11% in U.S. premarket trading on Tuesday after the data analytics group delivered better-than-expected fourth-quarter results and unveiled a bullish revenue forecast for 2026. The company, which supplies data integration and analytics software to government bodies and commercial clients, reported adjusted earnings of $0.25 per share for…
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Oil Slides on Hopes of U.S.–Iran Tensions Easing and a Stronger Dollar
Oil prices dropped about 1% on Tuesday, extending losses into a second session, as traders assessed the prospect of easing tensions between the United States and Iran, while a firmer U.S. dollar added further pressure. Brent crude futures were down 68 cents, or 1%, at $65.62 a barrel by 0903 GMT. U.S. West Texas Intermediate…