Category: Latest News
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Meta Pauses AI Hiring After Heavy Spending, WSJ Reports
Meta Platforms (NASDAQ:META) has pressed pause on new hires within its artificial intelligence division after months of aggressive recruitment, according to a Wall Street Journal report published Wednesday. The freeze reportedly began last week and coincides with a broader shake-up of the company’s AI operations. In addition to halting external hiring, the restructuring restricts current…
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DiamiR Biosciences Gains New York State Approval for APOE Genotyping Test, Expanding Alzheimer’s Risk Screening
DiamiR Biosciences Corp., a developer of blood-based diagnostics for brain health, and Aptorum Group Limited (NASDAQ:APM), a clinical-stage biopharmaceutical firm, announced that New York State’s Department of Health has approved DiamiR’s APOE Genotyping Test under the Clinical Laboratory Evaluation Program (CLEP). The regulatory milestone allows the test to be offered through DiamiR’s CLIA-certified and CAP-accredited…
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Twin Disc Posts Stronger Sales but Swings to Annual Loss in Fiscal 2025
Twin Disc, Inc. (NASDAQ:TWIN) reported fourth-quarter and full-year results on Thursday, showing double-digit revenue growth across both periods but ending the fiscal year with a net loss. For the year ended June 30, 2025, sales rose 15.5% year-on-year to $340.7 million. Despite the top-line growth, the company posted a net loss attributable to shareholders of…
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Immuneering Secures $25 Million in Private Placement to Advance Cancer Drug Development
Immuneering Corporation (NASDAQ:IMRX), a clinical-stage biotechnology company specializing in oncology treatments, announced Thursday that it has entered into a definitive securities purchase agreement with a group of leading institutional and accredited investors. The private placement is expected to generate approximately $25 million in gross proceeds, before fees and expenses. The deal is slated to close…
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Walmart misses earnings expectations but shows strong e-commerce growth, boosts 2025 outlook
Walmart (NYSE:WMT) released its fiscal second-quarter results on Thursday, delivering a mixed performance. While sales outpaced forecasts, profits disappointed, marking the first earnings miss in three years. In pre-market trading on August 21, the stock slipped 3.1%, even as the retailer lifted its full-year guidance. Results Adjusted earnings per share came in at $0.68, falling…
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U.S. Jobless Claims Jump Higher Than Forecast; Philly Fed Activity Contracts
New data from the Labor Department on Thursday showed that applications for unemployment benefits in the U.S. rose more sharply than economists had anticipated during the week ending August 16. Initial claims increased to 235,000, up by 11,000 compared with the prior week’s unchanged figure of 224,000. Analysts surveyed ahead of the release had projected…
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Dow Jones, S&P, Nasdaq, Futures Edge Lower as Wall Street Awaits Powell’s Jackson Hole Speech
U.S. equity futures slipped on Thursday, signaling continued weakness for Wall Street as investors brace for Federal Reserve Chair Jerome Powell’s appearance at the Jackson Hole Economic Symposium. Lingering uncertainty over the direction of interest rates has weighed heavily on sentiment, keeping markets on edge ahead of the September policy meeting. Powell’s comments are expected…
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American Rebel Light Beer Expands into Western North Carolina via Budweiser of Asheville, Inc.
American Rebel Holdings, Inc. (NASDAQ:AREB), the company behind American Rebel Light Beer, announced a new distribution agreement with Budweiser of Asheville, Inc., bringing the brand into Western North Carolina, a region renowned for its rich beer culture and strong community ties. This partnership reflects American Rebel Beverages’ strategy to collaborate with distributors who share its…
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Alcon shares drop after J.P. Morgan downgrade on weak quarter and FY26 growth risks
Alcon AG (NYSE:ALC) saw its stock fall more than 2% on Thursday following a rating cut by J.P. Morgan, citing disappointing quarterly performance and reduced visibility on earnings. David Adlington, an analyst at J.P. Morgan, noted that “another soft quarter, combined with a further cut to guidance, is likely to prompt questions about the company’s…
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Dingdong posts strong Q2 profit as revenue surpasses expectations
Dingdong (NYSE:DDL), a leading Chinese fresh grocery e-commerce platform, reported a 59.7% year-on-year increase in net income for the second quarter on Thursday, as revenue exceeded analysts’ forecasts. The company marked its sixth consecutive profitable quarter amid steady growth in order volumes. Following the announcement, Dingdong shares rose 1.24% in after-hours trading. For the quarter…