Category: Latest News
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Macy’s stock jumps after Q4 earnings beat and upbeat revenue forecast
Shares of Macy’s Inc. (NYSE:M) surged about 9% in premarket trading on Wednesday after the department store chain reported fourth-quarter results that topped Wall Street forecasts and issued a revenue outlook that exceeded analyst expectations, even as tariff pressures remain a concern. The retailer reported adjusted earnings of $1.67 per share for the fourth quarter,…
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XOMA shares climb after Q4 results top forecasts on strong royalty income
XOMA Royalty Corporation (NASDAQ:XOMA) posted fourth-quarter results that came in ahead of analyst expectations, supported by higher royalty receipts and milestone payments from its expanding portfolio of biotechnology assets. Shares of the company rose about 7% following the earnings announcement. The biotech royalty company reported earnings of $0.26 per share for the fourth quarter, well…
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Kinross Gold Submits Exploration Plan of Operations for Riley Gold’s PWC Project (Cortez District – Nevada)
Vancouver, British Columbia–(Newsfile Corp. – March 18, 2026) – Riley Gold Corp. (TSXV:RLYG) (USOTC:RLYGF) (“Riley Gold” or the “Company“) is pleased to announce that preparation is underway for the completion of an Exploration Plan of Operations (“EPO”) for the Company’s Pipeline West/Clipper Gold Project (“PWC“) located in the Cortez mining district of the Battle Mountain – Eureka Trend. PWC is…
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U.S. Producer Prices Jump Above Expectations, Signaling Rising Inflation Pressure
The latest report on the U.S. Producer Price Index (PPI) showed a stronger-than-expected increase, pointing to a notable rise in the prices manufacturers receive for their goods. The PPI is closely watched because it serves as an early indicator of consumer inflation, which represents a large share of overall price growth in the economy. The…
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Stronger-Than-Expected Inflation Figures Could Pressure Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures are signaling a slightly lower open on Wednesday, suggesting markets may give back some of the gains recorded over the previous two sessions. Futures slipped after the Labor Department released data showing that U.S. producer prices rose more than economists had anticipated in February. According to the report, the producer price…
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Palladyne AI shares jump 13% after Navy awards missile development contract
Shares of Palladyne AI Corp. (NASDAQ:PDYN) surged about 13% on Wednesday morning after the company announced that its subsidiary GuideTech had secured a contract from the U.S. Navy to develop a new air-launched missile system. The project involves the development of the Air-Launched Rapid Response Missile (ALRRM), a long-range weapon designed to achieve near-hypersonic speeds…
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Microsoft reportedly considers legal challenge over OpenAI–Amazon cloud partnership – FT
Microsoft Corporation (NASDAQ:MSFT) is evaluating potential legal action against Amazon.com (NASDAQ:AMZN) and OpenAI following their reported $50 billion cloud agreement, which could conflict with Microsoft’s existing exclusive partnership with the AI developer, the Financial Times reported on Wednesday. According to the report, the dispute centers on whether Amazon Web Services can host OpenAI’s upcoming commercial…
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Nvidia’s H200 AI chip reportedly cleared for purchase by Chinese firms – Reuters
Chinese regulators have approved the purchase of Nvidia’s H200 artificial intelligence chip by several domestic companies, according to a Reuters report on Tuesday citing a source familiar with the matter. The reported clearance comes shortly after NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang said the company had restarted production of the H200 specifically for the Chinese…
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Lululemon shares dip in premarket after cautious outlook for 2026
Lululemon Athletica (NASDAQ:LULU) reported fourth-quarter results that exceeded analyst expectations on both revenue and profit, but its outlook for the current quarter and full-year 2026 came in below forecasts, sending the stock lower in early premarket trading on Wednesday. Shares of the athleisure apparel company declined about 2.2% ahead of the market open. The results…
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Tencent Music shares tumble over 20% after Q4 results disappoint investors
Shares of Tencent Music Entertainment Group (NYSE:TME) dropped more than 20% on Wednesday as investors reacted negatively to the company’s fourth-quarter earnings, even though both revenue and profit posted solid year-on-year growth. The company reported quarterly revenue of 8.64 billion yuan, representing a 15.9% increase from the same period last year, supported by continued expansion…