Category: Latest News
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Workday beats quarterly estimates as subscription revenue outlook broadly matches forecasts
Workday (NASDAQ:WDAY) reported quarterly revenue and adjusted earnings above analyst expectations while providing a third-quarter subscription revenue forecast broadly in line with consensus estimates. The company’s shares initially declined in extended trading following the results before reversing direction to trade slightly higher. Third-quarter subscription revenue forecast at $2.515 billion For the third quarter, Workday forecast…
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Marvell Technology shares fall despite Q2 earnings beat and higher revenue outlook
Marvell Technology (NASDAQ:MRVL) shares fell 7.9% in pre-market trading after the chipmaker reported fiscal second-quarter results that exceeded revenue and earnings expectations and raised its full-year outlook. The company reported Q2 FY2027 revenue of $2.739 billion, representing a 37% increase from the previous year, while non-GAAP earnings per share reached $0.94. Both figures were above…
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Lucid recalls more than 27,000 Air sedans over potential fire risk
Lucid Group (NASDAQ:LCID) is recalling 27,185 Air luxury electric sedans in the United States because of a potential fire hazard, according to an announcement from the National Highway Traffic Safety Administration on Friday. Exterior lighting circuit could overheat The recall covers vehicles in which an exterior lighting circuit could overheat, increasing the risk of a…
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Salesforce shares post strongest one-day gain since 2020 after quarterly results
Salesforce (NYSE:CRM) shares closed 22.58% higher on Thursday, August 27, marking their strongest one-day performance since 2020 following the release of the company’s quarterly results the previous evening. The stock finished the session at $252.05, bringing it closer to its January high of $267.83. Revenue rises nearly 11% For its fiscal second quarter of 2027,…
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Amazon signs Swedish wind power agreements as data centre capacity expands
Amazon.com Inc. (NASDAQ:AMZN) has entered into long-term agreements to purchase electricity from four wind farms in Sweden as the company expands its data centre capacity in the country, Bloomberg reported on Friday. The agreements are expected to add nearly 200 megawatts of electricity to Amazon’s power supply, according to company statements cited by Bloomberg. Swedish…
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Google changes European spam policy following EU competition concerns
Alphabet’s (NASDAQ:GOOG) Google said on Friday that it had changed its spam policy in Europe in response to concerns raised by European Union regulators, potentially addressing an issue that could have resulted in an antitrust fine. The scrutiny followed complaints from publishers about Google’s site reputation abuse policy, which targets attempts to manipulate search rankings…
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PayPal shares fall after reported acquisition plan is abandoned
PayPal (NASDAQ:PYPL) shares fell 14.6% in pre-market trading to $52.49 after Bloomberg reported that a consortium comprising Advent International and Stripe had abandoned plans to acquire the digital payments company. The prospective transaction had attracted attention within the fintech sector after reports of takeover discussions emerged in recent months. Consortium reportedly offered $60.50 per share…
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Gold prices steady as investors await Warsh’s Jackson Hole speech
Gold prices were broadly unchanged on Friday as investors awaited Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium for indications on the outlook for U.S. interest rates. Spot gold was flat at $4,600.19 an ounce at 02:50 ET, or 06:50 GMT, while U.S. gold futures declined 0.3% to $4,651.41. The precious metal…
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Oil prices head for weekly decline despite continued U.S.-Iran tensions
Oil prices fell on Friday and were on course to end a two-week run of weekly gains, despite continued uncertainty surrounding relations between the United States and Iran. Brent crude futures declined 60 cents, or 0.67%, to $89.10 per barrel at 0636 GMT, while West Texas Intermediate crude futures fell 64 cents, or 0.77%, to…
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Warsh, Nvidia, PayPal and oil in focus as U.S. futures trade little changed: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures were broadly steady on Friday after Nvidia (NASDAQ:NVDA) shares rallied following the chipmaker’s latest results, while investors turned their attention to Federal Reserve Chair Kevin Warsh’s scheduled speech at Jackson Hole. S&P 500 futures were flat, Nasdaq 100 futures declined 0.3% and Dow futures gained 0.2%. Elsewhere, PayPal (NASDAQ:PYPL) fell sharply in…