Category: Latest News
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IonQ Shares Climb After Company Expands $60 Million QuantumBasel Deal
IonQ Inc (NYSE:IONQ) shares rose about 4% in premarket trading on Thursday after the quantum computing firm announced a significant expansion of its partnership with Switzerland-based QuantumBasel, valued at more than $60 million. Under the updated agreement, QuantumBasel will take ownership of its current IonQ Forte Enterprise system and also secure ownership of a next-generation…
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First-Time U.S. Jobless Claims Decline in Line With Expectations
New data from the U.S. Labor Department released on Thursday showed that applications for unemployment benefits fell broadly in line with forecasts during the week ending December 13. According to the report, initial jobless claims dropped to 224,000, down by 13,000 from the prior week’s revised figure of 237,000. Economists had anticipated a modest decline…
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U.S. Consumer Price Growth Show Slight Increase Between September and November
U.S. consumer prices posted only a mild increase over the period from September to November, according to new data released Thursday by the Labor Department. The report showed that the consumer price index rose by 0.2% across the two-month span, pointing to a slowdown in overall price momentum. On a year-over-year basis, inflation eased to…
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Dow Jones, S&P, Nasdaq, Futures, Cooler-Than-Forecast Inflation Raises Hopes for a Wall Street Bounce
U.S. stock index futures are pointing to a solidly higher open on Thursday, suggesting equities could recover some lost ground after heavy selling pressure in the previous session. Futures strengthened following the release of fresh consumer inflation data from the U.S. Labor Department, which showed price pressures easing more than economists had anticipated. According to…
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PayPal Shares Slip After Analyst Downgrade Highlights Four Key Headwinds
PayPal (NASDAQ:PYPL) shares moved lower on Thursday after a Morgan Stanley analyst downgraded the stock, pointing to a combination of structural challenges and execution issues that are expected to continue weighing on growth, profitability and investor confidence. Morgan Stanley analyst James Faucette cut his rating on PayPal to Underweight and reduced his price target to…
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Birkenstock Tops Q4 Expectations but Flags More Modest Outlook for 2026
Birkenstock Holding Ltd (NYSE:BIRK) delivered better-than-expected results for the fourth quarter, supported by solid global demand, but struck a more cautious tone in its guidance for fiscal 2026, which came in below market forecasts. The German footwear group reported fourth-quarter earnings of €0.51 per share, comfortably ahead of the consensus estimate of €0.36. Quarterly revenue…
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Micron Shares Surge on Powerful Outlook Fueled by AI-Driven Memory Demand
Micron Technology (NASDAQ:MU) shares jumped sharply after the memory chipmaker delivered an upbeat outlook, projecting a significant increase in revenue, profits and record-high margins for the current quarter, underpinned by rising memory prices and robust demand linked to artificial intelligence workloads. The stock was up more than 9% in premarket trading on Thursday by 04:28…
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Oil Prices Rise Further After Trump Orders Venezuela Tanker Blockade, Though Weekly Drop Looms
Oil prices extended recent gains on Thursday as concerns over global supply intensified following U.S. President Donald Trump’s decision to impose a blockade on sanctioned oil tankers moving in and out of Venezuela. By 04:35 ET (09:35 GMT), February Brent crude futures were up 0.4% at $59.93 a barrel, while U.S. West Texas Intermediate (WTI)…
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Apple Opens iPhone Ecosystem to Third-Party App Stores in Japan Under New Competition Law
Apple Inc (NASDAQ:AAPL) said on Wednesday that it has begun allowing third-party app stores on iPhones and other devices in Japan, a move made to comply with newly introduced legislation designed to increase competition in the smartphone market. In a statement, Apple said developers in Japan will be able to create and operate their own…
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Lululemon Shares Jump After Report of $1bn-Plus Elliott Stake Amid CEO Transition
Shares in Lululemon Athletica (NASDAQ:LULU) rose sharply after reports that activist investor Elliott Investment Management has built a stake worth more than $1 billion in the athletic apparel group and is seeking to influence strategic and leadership changes. According to a Wall Street Journal report published on Wednesday, citing people familiar with the situation, Elliott…