Category: Latest News
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Chewy Stock Slips Even as Q3 Earnings Beat Wall Street Estimates
Chewy, Inc. (NYSE:CHWY) delivered stronger-than-expected results for the third quarter of fiscal 2025, but the stock reversed early gains. Shares initially jumped 3.9% in premarket trading before sliding more than 2% ahead of the opening bell. The pet-retail specialist reported adjusted earnings of $0.32 per share — more than double the consensus forecast of $0.13.…
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USA Rare Earth Shares Gain as Company Moves Up Production Start Date
USA Rare Earth, Inc. (NASDAQ:USAR) saw its stock climb 5% on Wednesday after the company revealed it will begin commercial output at its Round Top heavy rare earths project in Texas two years ahead of schedule. The firm now anticipates launching commercial operations in late 2028, accelerating development of what it calls the nation’s richest…
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Gold Eases Ahead of Fed Rate Decision; Silver Surges to New Record
Gold prices edged lower on Wednesday, giving back a portion of their recent advance as traders prepared for an anticipated Federal Reserve rate cut later in the day. At 08:15 ET (13:15 GMT), spot gold slipped 0.3% to $4,196.15 per ounce, while March gold futures also fell 0.3% to $4,224.30 per ounce. Gold softens before…
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Oil Prices Tick Higher After Large U.S. Crude Draw; Markets Watch Fed Decision and Ukraine Developments
Crude prices inched upward on Wednesday, supported by a sharper-than-expected drop in U.S. oil inventories and investor anticipation of a possible Federal Reserve rate cut, as well as ongoing updates surrounding peace discussions over Ukraine. As of 07:45 ET (12:45 GMT), February Brent futures were up 0.5% at $62.25 a barrel, while West Texas Intermediate…
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GameStop Shares Drop as Third-Quarter Results Fall Short of Wall Street Forecasts
GameStop (NYSE:GME) slipped in premarket trading on Wednesday after the videogame retailer delivered quarterly results that disappointed analysts. The company has been attempting to modernize its business by strengthening its digital presence, reflecting a broader industry shift toward online purchases over traditional in-store sales. While GameStop has expanded its e-commerce offerings with exclusive editions and…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Fed Decision Looms; Oracle and Adobe Earnings on Deck – Key Drivers Moving Markets
U.S. equity futures were hovering just above unchanged early Wednesday, as traders braced for a pivotal Federal Reserve interest rate announcement later in the day. Many economists expect the central bank to deliver what has been described as a “hawkish cut,” lowering rates now while signaling limited room for additional reductions going forward. Yet markets…
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Intel Sees EU Antitrust Fine Cut by 140 Million Euros
The General Court of the European Union has ruled to lower Intel’s (NASDAQ:INTC) antitrust penalty from 376 million euros ($438 million) to 237.1 million euros, though it declined the company’s bid to have the sanction thrown out entirely. “An amount of 237,105,540 euros is a more appropriate reflection of the gravity and duration of the…
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Amid surging prices a new tungsten mine is about to open in South Korea
Almonty Industries (NASDAQ:ALM) (TSX:AII) CEO Lewis Black updates investors on the Sangdong tungsten mine in South Korea at The International Investment Forum, a premier online platform delivering expert insights into global trends across industries, including mining, energy and biotechnology, connecting with top executives worldwide through interactive sessions, all without travel — promoting sustainability and efficiency. This…
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U.S. Stocks Close Narrowly Mixed Ahead Of Fed Decision
Following the modest pullback seen during trading on Monday, stocks turned in a lackluster performance during Tuesday’s session. The major averages fluctuated over the course of the session before closing narrowly mixed. While the tech-heavy Nasdaq inched up 30.58 points or 0.1 percent to 23,576,49, the S&P 500 edged down 6.00 points or 0.1 percent…
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Spotify rolls out music videos for U.S. and Canadian premium users as it intensifies rivalry with YouTube
Spotify (NYSE:SPOT) announced Tuesday that premium subscribers in the U.S. and Canada will soon gain access to music videos, marking a major step in the company’s effort to compete more directly with YouTube in the video–music space. The expansion builds on Spotify’s initial beta launch last year across nearly 100 markets. By adding video content—viewed…