Category: Latest News
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Microchip Broadens dsPIC33A Lineup with New Digital Signal Controllers
Microchip Technology Inc. (NASDAQ:MCHP) has introduced new dsPIC33AK256MPS306 Digital Signal Controllers as part of an expansion of its dsPIC33A DSC portfolio, targeting applications in power conversion, motor control, and intelligent sensing across AI servers, data centers, automotive, and industrial markets. The new controllers are built on a 200 MHz 32-bit core and feature a double-precision…
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Johnson & Johnson Beats Q1 Expectations, Lifts 2026 Outlook
Johnson & Johnson (NYSE:JNJ) reported first-quarter results on Tuesday that came in ahead of analyst forecasts, while also upgrading its full-year 2026 guidance. Adjusted earnings per share were $2.70, exceeding the consensus estimate of $2.68 by $0.02. Revenue totaled $24.1 billion, above expectations of $23.61 billion and up 9.9% from $21.9 billion in the same…
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Wells Fargo Tops Earnings Forecasts but Misses on Revenue
Wells Fargo & Co. (NYSE:WFC) delivered first-quarter earnings ahead of expectations, though a shortfall in revenue weighed on investor sentiment, with shares slipping 1.7% in premarket trading. The bank reported adjusted earnings per share of $1.60, coming in $0.02 above the analyst consensus of $1.58. Revenue reached $21.45 billion, missing forecasts of $21.76 billion, but…
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United Airlines, American Shares Gain on Report of Potential Merger Discussions
Shares of United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) moved higher after reports that United’s CEO Scott Kirby has raised the prospect of a combination between the two carriers. According to Bloomberg, citing sources familiar with the matter, Kirby discussed the idea with senior U.S. government officials. It remains unclear whether any formal process toward…
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Novo Nordisk Teams Up With OpenAI to Accelerate Drug Development
Novo Nordisk (NYSE:NVO) said Tuesday it has entered into a strategic collaboration with OpenAI to deploy advanced artificial intelligence tools across its business, spanning drug discovery through to commercial operations. The Danish pharmaceutical group said the partnership will support the analysis of complex datasets, help identify potential drug candidates, and shorten the timeline from early-stage…
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Globalstar Jumps 16% on Reported Amazon Deal Talks to Challenge Starlink
Shares of Globalstar Inc (NASDAQ:GSAT) surged after reports that Amazon (NASDAQ:AMZN) is in advanced negotiations to acquire the satellite operator, as part of efforts to compete with SpaceX’s Starlink network. According to Bloomberg, which cited sources familiar with the matter, a deal could be announced as early as Tuesday. Globalstar stock jumped 15.7% in premarket…
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SemiLEDs Sees Q2 Revenue Slide 58% as Equipment Orders Slow
SemiLEDs Corporation (NASDAQ:LEDS) reported a sharp drop in fiscal second-quarter revenue, down 58% from the previous quarter, largely due to weaker demand for equipment. The U.S.-based LED chip manufacturer generated $1.06 million in revenue during the period. Net loss narrowed to $603,000 from $742,000 in the prior quarter, with earnings per share reported at negative…
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Oil Slips as Supply Fears Ease on Renewed U.S.-Iran Dialogue Hopes
Oil prices moved lower during Tuesday’s Asian session as concerns over supply disruptions linked to the U.S. blockade of the Strait of Hormuz eased, with markets encouraged by signs that diplomatic talks between Washington and Tehran could resume. Brent crude futures fell by 76 cents, or 0.8%, to $98.57 by 06:01 GMT, while U.S. West…
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Gold Edges Higher but Remains Rangebound as Focus Turns to Iran Blockade and U.S. Inflation
Gold prices moved slightly higher on Tuesday but continued to trade within a narrow band, as investors assessed the implications of a U.S. naval blockade on Iran while also awaiting fresh inflation data from the United States. Despite the modest gains, bullion has largely stayed within the same range seen over the past week, with…
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Markets Rise on Iran Peace Hopes; Bank Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures edged higher on Tuesday, while oil prices declined, as investors reacted to signs of potential progress in efforts to end the Iran conflict. However, a continued U.S. blockade of Iranian ports into a second day has added tension, further disrupting shipments through the Strait of Hormuz. Meanwhile, a wave of major U.S.…