Category: Latest News
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Commerce Bancshares tops second-quarter expectations on stronger margin and loan growth (CBSH)
Commerce Bancshares (NASDAQ:CBSH) reported second-quarter results that exceeded Wall Street expectations, with both earnings and revenue coming in above analyst forecasts as higher net interest income and steady loan growth supported performance. Adjusted earnings reached $1.10 per share, ahead of the consensus estimate of $1.06, while quarterly revenue totaled $498.91 million, surpassing expectations of $493.46…
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United Airlines warns higher fuel costs could add nearly $6 billion to expenses in 2026 (UAL)
United Airlines (NASDAQ:UAL) said rising fuel prices are expected to increase its operating costs by nearly $6 billion this year compared with projections made at the start of 2026, as the recent surge in oil prices weighs on its earnings outlook. Despite the higher fuel bill, the airline lifted the lower end of its full-year…
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TSMC posts record Q2 profit as AI demand drives higher revenue and investment outlook (TSM)
Taiwan Semiconductor Manufacturing Company, or TSMC (NYSE:TSM), reported record second-quarter earnings on Thursday as booming demand for artificial intelligence chips continued to fuel strong growth across its business. The chipmaker also raised its full-year revenue outlook and significantly increased its planned capital spending for 2026. AI demand fuels another record quarter TSMC posted net income…
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Uber agrees to buy Delivery Hero in $14.8 billion deal to expand global food delivery business (UBER)
Uber Technologies (NYSE:UBER) has reached an agreement to acquire Germany’s Delivery Hero (TG:DHER) in a transaction valued at approximately $14.8 billion, strengthening its international food delivery operations as competition across the sector continues to intensify. Under the terms of the agreement, Uber will pay Delivery Hero shareholders €41.50 in cash for each share. After accounting…
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SpaceX shares face fresh pressure as lockup expiration approaches (SPCX)
SpaceX (NASDAQ:SPCX) shares have slipped below their initial public offering price, raising concerns that the stock could face additional volatility as insider lockup restrictions begin to expire in the coming weeks. The stock fell to an intraday low of $132.15 on Wednesday before recovering to close at $135.27. Since reaching record highs shortly after its…
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Nvidia expands AI and robotics collaboration with leading Japanese manufacturers (NVDA)
Nvidia (NASDAQ:NVDA) has announced new partnerships with several Japanese industrial companies, including Fanuc and Yaskawa Electric, as it seeks to accelerate the adoption of artificial intelligence and robotics across the manufacturing sector. Nvidia deepens its presence in Japan Speaking at a media event in Tokyo, Nvidia Chief Executive Jensen Huang outlined the company’s vision for…
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GH Research gains on optimism surrounding potential Eli Lilly-Atai deal (GHRS)
GH Research (NASDAQ:GHRS) shares climbed around 12% in premarket trading on Thursday after reports that Eli Lilly (NYSE:LLY) is in discussions to acquire psychedelic drug developer Atai Life Sciences (NASDAQ:ATAI), a development that sparked renewed investor interest across the sector. Potential acquisition lifts sentiment across psychedelic drug developers The reported takeover talks sent Atai shares…
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Baidu advances Hong Kong dual primary listing plans, shares climb (BIDU)
Baidu (NASDAQ:BIDU) shares gained around 4% in premarket trading after the Chinese technology company announced plans to convert its Hong Kong listing into a dual primary listing, a move aimed at strengthening its presence in both Asian and US capital markets. Board approves listing conversion The company’s board of directors has approved a proposal to…
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AtaiBeckley shares soar on reports of potential Eli Lilly takeover talks (ATAI)
AtaiBeckley (NASDAQ:ATAI) shares jumped as much as 53% in premarket trading on Thursday after reports emerged that Eli Lilly (NYSE:LLY) is in discussions to acquire the psychedelic drug developer. Potential deal would broaden Lilly’s neuroscience portfolio According to BMO Capital Markets analyst Evan David Seigerman, an acquisition of AtaiBeckley would strengthen Eli Lilly’s presence in…
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Gold declines further as rising oil prices cloud the Federal Reserve outlook
Gold prices extended their losses on Thursday as investors shifted their attention from softer US inflation figures to the inflationary risks associated with higher oil prices, increasing expectations that the Federal Reserve will maintain a cautious approach to monetary policy. At 04:42 ET (08:42 GMT), spot gold (XAU/USD) was down 0.7% at US$4,032.37 an ounce,…