Category: Latest News
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Workday to Acquire AI Integration Platform Pipedream
Workday, Inc. (NASDAQ:WDAY) announced Wednesday that it has signed a definitive agreement to acquire Pipedream, a top integration platform designed for AI agents. Pipedream provides more than 3,000 pre-built connectors compatible with major business applications. Workday — which positions itself as an enterprise AI platform for managing people, finance, and AI agents — expects the…
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Wix Lifts Full-Year Guidance as Base44 Momentum Builds and Q3 Revenue Accelerates
Wix.com (NASDAQ:WIX) raised its full-year expectations on Wednesday after delivering a solid third quarter marked by a 14% increase in revenue and increasing adoption of Base44, the AI-driven coding platform it acquired earlier this year. The company now anticipates 2025 bookings of $2.06 billion to $2.08 billion, slightly above its previous range of $2.04 billion…
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Oil Slips on Oversupply Fears, but Sanctions Keep Losses in Check
Oil prices edged lower on Wednesday, pressured by signs of swelling crude supplies in the United States—the world’s largest oil consumer—after an industry report pointed to another build in inventories. Still, the drop was contained as traders monitored the impact of fresh U.S. sanctions on Russian crude flows. By 07:30 GMT, Brent crude futures were…
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Gold Rebounds as Fiscal Jitters and Uncertain Fed Path Boost Safe-Haven Appetite
Gold prices climbed in Asian trading on Wednesday, supported by renewed demand for safe-haven assets as concerns deepened over mounting fiscal pressures in major economies, particularly Japan. Lingering doubts about whether the Federal Reserve will deliver a rate cut in December—paired with early signs of softening in the U.S. labor market and anticipation ahead of…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Nvidia Results Take Center Stage; Lowe’s and Target Set to Report — What’s Driving Markets
U.S. futures were largely flat early Wednesday as traders braced for a packed day of earnings headlined by Nvidia (NASDAQ:NVDA). The chipmaker’s quarterly update is expected to be a major catalyst for sentiment around the booming – and increasingly volatile – artificial intelligence trade. Investors will also be watching results from Lowe’s (NYSE:LOW) and Target…
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Dollar Firms Ahead of Delayed Payrolls Report; Pound Softens After Inflation Drop
The U.S. dollar inched higher on Wednesday as fragile global sentiment kept demand for safe-haven assets intact, though gains remained modest ahead of the long-delayed U.S. jobs report due on Thursday. At 04:15 ET (09:15 GMT), the Dollar Index—measuring the greenback against six major peers—was up 0.1% at 99.552, hovering near its highest level in…
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AI Bubble Concerns Continue To Weigh On Wall Street
Stocks regained some ground after an early sell-off but still ended Tuesday’s trading significantly lower. The major averages added to the notable losses posted during Monday’s session, once again falling to their lowest closing levels in a month. The major averages all finished the day firmly in negative territory. The Dow slumped 498.50 points or…
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US Factory Orders Rise 1.4%, Matching Expectations in a Sign of Manufacturing Stabilization
U.S. factory orders posted a solid rebound, rising 1.4% in the latest monthly reading and coming in exactly as economists had projected. The increase reflects renewed momentum in the manufacturing sector after a 1.3% decline in the prior period. The return to growth suggests that demand for manufactured goods is firming, with the total value…
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Klarna beats revenue expectations in Q3 and issues upbeat guidance for year-end
Klarna Group (NYSE:KLAR) reported another strong quarterly performance on Tuesday, topping Wall Street revenue forecasts and offering an outlook that came in ahead of consensus estimates. Shares fluctuated between modest gains and losses following the update. The Stockholm-based payments and lending firm posted third-quarter revenue of $903 million, rising 26% on a like-for-like basis and…
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Honeywell slides as Bank of America issues rare double downgrade, flags tough road ahead
Honeywell (NASDAQ:HON) came under pressure on Tuesday after Bank of America downgraded the industrial giant two notches—from Buy to Underperform—arguing that the company faces a sparse lineup of catalysts ahead of its planned Aerospace spin-off and continues to lag competitors on growth. Shares slipped 2.4% in premarket trading as of 08:13 ET. According to BofA,…