Category: Latest News

Nebius Group (NASDAQ:NBIS) saw its shares leap roughly 48% in premarket trading Tuesday, following the announcement of a multiyear deal with Microsoft (NASDAQ:MSFT) valued at up to $19.4 billion over the next five years. The Amsterdam-based company, a key supplier of Nvidia (NASDAQ:NVDA) GPUs used for AI training, will provide Microsoft with computing resources from…

The U.S. dollar showed slight gains on Tuesday, stabilizing after hitting a seven-week low amid anticipation of key U.S. employment and inflation data that could reinforce expectations for a Federal Reserve rate cut next week. By 04:15 ET (08:15 GMT), the Dollar Index, which tracks the greenback against six major currencies, was up 0.1% at…

Casey’s General Stores (NASDAQ:CASY) reported first-quarter earnings and revenue that exceeded analyst expectations on Monday, bolstered by stronger in-store performance, while reaffirming its outlook for the fiscal year. Shares of the U.S. convenience store chain fell 1% in premarket trading Tuesday. For the first quarter, Casey’s posted earnings of $5.77 per share, surpassing the consensus…

U.S. stock futures edged higher Tuesday as traders looked ahead to the Bureau of Labor Statistics’ preliminary nonfarm payrolls benchmark revision, which may reveal further signs of a slowing labor market. Investors also focused on corporate developments, including Oracle’s (NYSE:ORCL) post-market earnings report, the Anglo American (LSE:AAL)–Teck Resources (NYSE:TECK) merger, and ASML’s (EU:ASML) $1.5 billion…

Apple Inc (NASDAQ:AAPL) is set to unveil its iPhone 17 lineup later Tuesday, with Wedbush analysts pointing to a likely price increase for the flagship models as production shifts from China to India. The brokerage also emphasized that attention will be on Apple’s artificial intelligence initiatives, with Alphabet Inc’s (NASDAQ:GOOGL) Google Gemini considered a potential…

British semiconductor designer Arm (NASDAQ:ARM) is aiming to broaden its footprint in Southeast Asia as the region sees rising demand for artificial intelligence and data center infrastructure, the Wall Street Journal reported Tuesday. Will Abbey, Arm’s chief commercial officer, described Southeast Asia as “a hotbed of activity” with considerable market opportunities. “We see Southeast Asia…

Freeport-McMoRan (NYSE:FCX) announced Tuesday that it has temporarily suspended operations at its Grasberg mine in Indonesia, one of the world’s largest copper mines, following a landslide that left seven miners trapped below ground. In a statement, Freeport said a “large flow of wet material from a drawpoint” occurred in a production block at the Grasberg…

Gold prices climbed to fresh record levels in Asian trading on Tuesday, building on gains from previous sessions as investors bet on a Federal Reserve interest rate cut next week and reacted to a weaker dollar. Safe-haven demand increased amid political turbulence in France, where Prime Minister Francois Bayrou resigned after losing a vote of…

Oil prices climbed in early Asian trading on Tuesday, extending gains after OPEC+ opted for a smaller-than-expected production increase. Traders are also keeping a close eye on potential new sanctions targeting Russia’s crude industry amid ongoing conflict with Ukraine. Brent crude for November delivery rose 0.2% to $66.17 per barrel, while West Texas Intermediate (WTI)…