Category: Latest News
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Tian Ruixiang Plans 1-for-50 Reverse Stock Split to Take Effect Mid-March
TIAN RUIXIANG Holdings Ltd. (NASDAQ:TIRX) said its planned 1-for-50 reverse stock split is expected to take effect for trading during the week of March 16, 2026, subject to final processing and confirmation by Nasdaq. The company’s board authorized the implementation after shareholders approved the measure at the annual general meeting held on February 17. Following…
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Li Bang to Take Majority Stake in Chinese Catering Services Firm
Li Bang International Corporation Inc. (NASDAQ:LBGJ) said Tuesday that its subsidiary, Jiangsu Li Bang Intelligent Technology Co., Ltd., has signed an agreement to acquire a 51% controlling stake in Suzhou Yufengyuan Food Distribution Co., Ltd., a China-based catering services provider. The deal, executed on February 25, 2026, is expected to be finalized by May 30,…
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U.S. Producer Prices Rise Faster Than Expected in January, Inflation Pressures Persist
A report published Friday by the U.S. Labor Department showed that producer prices rose more than anticipated in January, signaling continued underlying price pressures. According to the data, the producer price index (PPI) for final demand increased by 0.5% during the month, following a December gain that was revised lower to 0.4%. Economists had forecast…
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Futures Signal Steep Losses at Wall Street Open: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a sharply lower start on Friday, suggesting equities may extend the decline recorded in the previous trading session. Futures moved further into negative territory following the release of new inflation data showing U.S. producer prices rose more than economists had anticipated in January. According to the Labor Department, the producer…
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Block shares surge as Dorsey announces 40% workforce reduction tied to AI transformation
Block Inc (NYSE:XYZ) shares jumped more than 22% in U.S. premarket trading on Friday after the payments company revealed plans to cut nearly 40% of its workforce as part of a broader push to integrate artificial intelligence more deeply across its operations. The layoffs — expected to eliminate more than 4,000 positions — come as…
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CoreWeave shares slide 10% after major operating margin miss in Q4
CoreWeave (NASDAQ:CRWV) reported a larger-than-expected fourth-quarter loss and a significant shortfall in adjusted operating margin, overshadowing modest revenue growth and sending shares down more than 10% in premarket trading on Friday. The company posted a quarterly loss of $0.89 per share, compared with analyst expectations for a loss of $0.21. Revenue rose slightly to $1.57…
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Autodesk shares edge higher after earnings beat and strong outlook
Autodesk (NASDAQ:ADSK) reported fourth-quarter results that exceeded market expectations and issued fiscal 2027 guidance above analyst forecasts, lifting shares more than 2% in U.S. premarket trading. The company posted adjusted earnings per share of $2.85, surpassing analyst estimates of $2.64. Revenue increased 19% year over year to $1.96 billion, also ahead of the $1.91 billion…
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Dell shares jump 12% as booming AI server demand fuels record fourth-quarter performance
Dell Technologies (NYSE:DELL) shares climbed more than 12% in U.S. premarket trading on Friday after the company reported fourth-quarter results that exceeded expectations, driven by strong momentum in artificial intelligence infrastructure spending. The company posted adjusted earnings per share of $3.89, comfortably ahead of the analyst consensus forecast of $3.52. Quarterly revenue reached $33.4 billion,…
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Intuit beats earnings expectations, shares slip on weaker Q3 forecast
Intuit (NASDAQ:INTU) delivered fiscal second-quarter results that exceeded analyst expectations, but its outlook for the current quarter fell short of market forecasts, weighing on investor sentiment. Shares of the company declined about 4% in premarket trading on Friday following softer-than-expected guidance for fiscal Q3, despite closing 3.5% higher ahead of the earnings release. The stock…
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Netflix jumps after opting not to match Paramount Skydance’s bid for Warner Bros
Netflix Inc (NASDAQ:NFLX) said Thursday it will not increase its offer for Warner Bros Discovery Inc (NASDAQ:WBD) after Warner Bros concluded that a revised proposal from Paramount Skydance Corp (NASDAQ:PSKY) represents a superior offer under the terms of its existing merger agreement with the streaming group. Netflix shares climbed nearly 7% in premarket trading on…