Category: Latest News
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American Express Edges Higher After Hypercard Deal
Shares of American Express Company (NYSE:AXP) ticked up slightly after the firm announced an agreement to acquire Hypercard, a provider of AI-driven expense management solutions. Hyper develops artificial intelligence tools that automate tasks such as expense categorization, policy compliance checks, and deadline reminders. The acquisition aligns with American Express’s broader push to embed AI capabilities…
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Nuclear Stocks Climb After White House Unveils Space Power Initiative
Nuclear energy stocks moved higher on Thursday following the release of a new U.S. policy aimed at deploying nuclear reactors in space, including in Earth orbit and on the Moon. Shares of Oklo (NYSE:OKLO) and NuScale (NYSE:SMR) rose sharply in premarket trading, gaining nearly 8% and 10% respectively as of 05:38 ET. Nano Nuclear Energy…
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Aluminum Prices Reach Four-Year Peak on Supply Concerns and Iran Deal Hopes
Aluminum prices climbed to their highest level in four years on Thursday, driven by expectations that demand could surge and tighten supply if the United States and Iran reach an agreement to reopen the Strait of Hormuz. On the London Metal Exchange, benchmark three-month aluminum futures rose 0.5% to $3,636.60 per metric ton by 06:47…
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Aligos Therapeutics Jumps on China Licensing Agreement
Aligos Therapeutics Inc. (NASDAQ:ALGS) shares surged 20% on Thursday after the company announced an exclusive licensing deal with Xiamen Amoytop Biotech Co., Ltd. to develop and market pevifoscorvir sodium in Greater China for the treatment of chronic hepatitis B. As part of the agreement, Aligos will receive an upfront payment of $25 million and could…
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Marsh Shares Gain Over 2% After Q1 Revenue and Earnings Beat
Marsh (NYSE:MRSH) reported first-quarter results on Thursday that came in ahead of analyst expectations, lifting its shares by 2.24% in pre-market trading. The global risk and consulting firm posted adjusted earnings per share of $3.29, exceeding the consensus estimate of $3.24 by $0.05. Revenue reached $7.6 billion, surpassing forecasts of $7.42 billion and marking an…
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Travelers Tops Q1 Estimates but Shares Dip on Outlook Concerns
The Travelers Companies Inc. (NYSE:TRV) reported first-quarter results on Thursday that exceeded analyst expectations, although its shares slipped 1.95% in pre-market trading following the release. The insurer posted adjusted earnings per share of $7.71, well above the $6.97 consensus estimate, while revenue reached $11.92 billion, beating forecasts of $10.75 billion. Revenue rose 1% year on…
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Charles Schwab Tops Q1 Forecasts on Strong Client Activity
The Charles Schwab Corporation (NYSE:SCHW) delivered first-quarter results ahead of analyst expectations, supported by high levels of client engagement and record trading volumes. The firm reported adjusted earnings per share of $1.43, beating the $1.39 consensus by $0.04. Revenue reached a record $6.48 billion, slightly above the $6.47 billion forecast and up 16% from $5.6…
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Aehr Test Systems Jumps on Record AI Chip Order Worth $41M
Aehr Test Systems (NASDAQ:AEHR) shares surged 14% on Thursday after the company announced a record-breaking $41 million production order from its leading hyperscale AI customer, focused on package-level burn-in testing for custom AI processor ASICs. The contract, the largest in Aehr’s history, covers Sonoma high-power package-level test and burn-in systems, as well as burn-in modules…
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Abbott Shares Slip on Weaker Q2 Outlook Despite In-Line Q1 Results
Abbott Laboratories (NYSE:ABT) reported first-quarter earnings on Wednesday that met analyst expectations, while revenue came in slightly ahead of forecasts. However, the stock moved lower after the company issued softer-than-expected guidance for the current quarter. Shares were down 3% in premarket trading as of 07:39 ET. The company posted earnings of $1.15 per share for…
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ManpowerGroup Tops Q1 Estimates as Revenue Climbs
ManpowerGroup Inc. (NYSE:MAN) reported first-quarter results on Thursday that came in ahead of analyst expectations, with adjusted earnings per share of $0.51 exceeding the $0.49 consensus and revenue of $4.51 billion topping forecasts of $4.41 billion. Shares of the company rose 1.46% in pre-market trading following the announcement. Revenue increased 10% year on year on…