Category: Latest News
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Qualcomm (QCOM) shares surge after Daiwa upgrades stock to Outperform
Qualcomm Inc. (NASDAQ:QCOM) shares jumped 6% on Friday after Daiwa Securities upgraded the semiconductor company from Neutral to Outperform and raised optimism around its long-term growth opportunities. Daiwa sets new $225 price target Daiwa analyst Louis Miscioscia issued the upgrade alongside a new price target of $225 per share. The move followed Thursday’s close at…
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Wendy’s (WEN) shares rise after quarterly earnings top expectations
Wendy’s Co (NASDAQ:WEN) shares climbed 4.3% in premarket trading after the restaurant chain reported first-quarter earnings ahead of Wall Street forecasts, despite continued weakness in its domestic operations. Revenue and earnings beat analyst forecasts The fast-food company posted adjusted earnings per share of $0.12, exceeding analyst expectations of $0.10 per share. Quarterly revenue came in…
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Apple (AAPL) shares gain after Wedbush raises target to $400 on AI optimism
Apple Inc. (NASDAQ:AAPL) shares moved 0.80% higher after Wedbush increased its price target on the technology giant from $350 to a new Street-high target of $400, pointing to growing opportunities tied to artificial intelligence. Wedbush sees Apple becoming major AI platform The investment firm said Apple is positioned to play a central role in the…
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U.S. Job Growth Tops Forecasts as April Hiring Accelerates
The latest employment figures released Friday by the U.S. Labor Department showed the American labour market remained stronger than expected in April, with hiring comfortably surpassing analyst forecasts. According to the report, non-farm payrolls increased by 115,000 jobs during the month, following a revised gain of 185,000 positions in March. Market economists had projected payroll…
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Strong April payrolls data points to firmer Wall Street open: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures traded higher ahead of Friday’s opening bell, suggesting markets could recover after weakness in the previous session as investors reacted positively to stronger-than-expected labour market data. Futures extended gains following the release of the latest U.S. employment report from the Labor Department, which showed hiring accelerated sharply in April. According to the…
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Mobix Labs – The critical role of EMI filtering in civilian aviation communication
Modern civilian aircraft operate using highly advanced electronic systems that support navigation, radar, autopilot functionality, onboard monitoring systems, and constant communication with air traffic control. As aviation technology continues evolving toward more connected and data-driven systems, maintaining reliable electronic communication has become increasingly critical to passenger safety and operational efficiency. One of the key technologies…
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Cloudflare (NET) shares tumble despite earnings beat and higher annual outlook
Cloudflare Inc. (NYSE:NET) reported first-quarter results that exceeded Wall Street expectations and lifted its full-year guidance, but the company’s shares dropped sharply after management announced major workforce reductions and investors reacted to slower revenue momentum. Shares of the connectivity cloud company fell more than 16% in premarket trading Friday. Cloudflare posted adjusted earnings per share…
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TSMC posts strong April revenue growth driven by AI chip demand
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) reported a solid increase in April revenue on Friday as continued demand for advanced artificial intelligence semiconductors supported sales growth. The world’s largest contract chip manufacturer said April revenue reached NT$410.73 billion ($13.08 billion), representing an increase of 17.5% compared with NT$349.57 billion recorded in the same month last year.…
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Coinbase (COIN) shares fall after crypto exchange posts quarterly loss
Coinbase Global (NASDAQ:COIN) moved to a quarterly loss in the first quarter of 2026 and reported revenue below Wall Street expectations, pressuring the cryptocurrency exchange’s shares in premarket trading Friday. Class A shares of Coinbase were down 2.2% before the opening bell. The company reported a loss of $1.49 per share for the quarter, compared…
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Block (XYZ) shares rally after earnings beat and stronger full-year outlook
Block Inc (NYSE:XYZ) posted first-quarter results that topped Wall Street profit expectations, sending the company’s shares up around 7% in premarket trading Friday after management raised its outlook for the full year. The financial technology company reported adjusted earnings per share of $0.85, exceeding analyst estimates of $0.68 by $0.17. Revenue came in at $6.06…