Category: Latest News
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Texas Instruments Beats Q2 Estimates, but Cautious Forecast Triggers Share Drop
Texas Instruments (NASDAQ:TXN) delivered second-quarter results that surpassed Wall Street expectations, bolstered by solid recovery in its industrial segment. Despite the earnings beat, shares plunged 11.4% in premarket trading, falling to $190.37 as of 04:19 ET (08:19 GMT), after the company issued a conservative outlook for the third quarter. The chipmaker reported a 16% year-over-year…
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Stellantis Issues Recall for Over 121,000 U.S. Vehicles Due to Head Restraint Defect
Stellantis (NYSE:STLA), the parent company of Chrysler, is recalling 121,398 vehicles in the United States over a potential safety defect involving head restraints, the U.S. National Highway Traffic Safety Administration (NHTSA) reported on Wednesday. According to the NHTSA, the issue stems from head restraints that may not lock securely into place, posing a heightened risk…
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Enphase Energy Slides 7% on Weak Q3 Outlook and Tariff Concerns
Enphase Energy (NASDAQ:ENPH) shares dropped nearly 7% in premarket trading Wednesday after the company issued third-quarter revenue guidance that disappointed investors and raised caution about the impact of new U.S. tariffs on its margins. The solar technology firm warned that recently finalized import duties on solar cells from Southeast Asia would pressure profitability. The U.S.…
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JPMorgan: Rising Dollar-Equity Correlation May Weaken Diversification Benefits
JPMorgan Chase (NYSE: JPM) analysts are noting a shift in the relationship between the U.S. dollar and global equities, suggesting the greenback may no longer serve as a strong diversifier for stock portfolios. In a recent note to clients, the bank highlighted a growing—though still modest—positive correlation between the weekly returns of the U.S. Dollar…
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Stock Market Today: S&P 500 Ends at Record High Despite Chip Sector Weakness
The S&P 500 closed at a new all-time high on Tuesday, although gains were modest as chip stocks stumbled and investors processed a flurry of corporate earnings reports. By the close at 4:00 p.m. ET, the Dow Jones Industrial Average rose 170 points (0.40%), and the S&P 500 edged up 0.03% to a record close…
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U.S. Stocks Recover From Early Weakness To Close Mixed
After coming under pressure early in the session, stocks regained ground over the course of the trading day on Tuesday. The major averages climbed well off their worst levels of the day before eventually ending the session narrowly mixed. While the tech-heavy Nasdaq fell 81.49 points or 0.4 percent to 20,892.69, the S&P 500 (SPI:SP500)…
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Replimune Shares Collapse After FDA Rejects Melanoma Therapy Application
Replimune Group, Inc. (NASDAQ:REPL) saw its stock nosedive 77% on Tuesday after the company revealed it received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA), denying approval for its experimental melanoma treatment. The regulatory setback concerns Replimune’s Biologics License Application (BLA) for RP1, which was proposed in combination with nivolumab…
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Seres Therapeutics Rallies After Appointing Co-CEOs, Eyes New Partnerships
Shares of Seres Therapeutics (NASDAQ:MCRB) rose 5% during early trading in New York on Monday after the biotech company announced a leadership shake-up, naming Thomas DesRosier and Marella Thorell as co-Chief Executive Officers. The executive transition follows the departure of former CEO Eric Shaff, who will continue to serve on Seres’ board of directors. The…
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Lockheed Martin Stock Sinks After $1.6B in Program Losses Drag Down Q2 Earnings
Shares of Lockheed Martin Corporation (NYSE:LMT) dropped more than 8% in premarket trading Tuesday following a disappointing second-quarter earnings report marred by hefty charges on several defense programs. The aerospace and defense contractor reported earnings of just $1.46 per share for the quarter, falling well short of Wall Street’s consensus forecast of $6.54. Revenue reached…
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Draganfly Shares Jump on New Military Drone Contract for Commander 3XL
Draganfly Inc. (NASDAQ:DPRO) saw its stock climb 11% in pre-market trading on Tuesday following the announcement of a new order for its Commander 3XL drone system from a prominent defense industry partner. The drone technology firm revealed that the buyer is “a globally recognized defense contractor specializing in persistent surveillance technologies for military operations,” with…