Category: Latest News
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Nvidia Agrees to Acquire Hugging Face for $12.93 Billion
Nvidia (NASDAQ:NVDA) has entered into a definitive agreement to acquire open-source artificial intelligence platform Hugging Face for $12.93 billion, bringing together Nvidia’s computing infrastructure with Hugging Face’s AI development ecosystem. Hugging Face serves more than 18 million developers, researchers and creators, according to the announcement, with its platform used for enterprise and open-source AI deployment…
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Wall Street Set for Higher Open as Treasury Yields Pull Back: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures pointed to a higher open on Thursday as Treasury yields declined, potentially extending the rebound recorded during the previous session. The yield on the benchmark 10-year Treasury note fell by more than 6 basis points after ending Wednesday unchanged at its highest closing level in more than a year. Treasury yields…
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U.S. Labor Productivity Rises 1.4% in Q2 as Unit Labor Costs Revised Lower
U.S. labor productivity increased in the second quarter of 2026 at the same pace reported in the preliminary estimate, according to data released by the Labor Department on Thursday. Labor productivity rose 1.4% during the quarter, unchanged from the previous estimate and in line with economists’ expectations. The report showed that output increased 1.7%, while…
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U.S. Trade Deficit Reaches $88.60 Billion, Smaller Than Forecast
The U.S. trade deficit came in at $88.60 billion in the latest reporting period, slightly below market expectations but wider than the previous reading. Economists had forecast a deficit of $89.40 billion, meaning the reported shortfall was $800 million smaller than anticipated. The trade balance measures the difference between the value of goods and services…
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U.S. Initial Jobless Claims Rise to 206,000, Slightly Above Forecast
U.S. initial jobless claims increased slightly in the latest weekly report, coming in marginally above market expectations. The number of people filing for unemployment insurance for the first time reached 206,000, compared with a forecast of 205,000. The latest figure was also higher than the previous week’s reading of 204,000, representing an increase of 2,000…
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Victoria’s Secret Shares Rise Ahead of Q2 Earnings Release
Victoria’s Secret & Co. (NYSE:VSCO) shares rose 4.4% in premarket trading ahead of the company’s second-quarter 2026 earnings release, scheduled before the market open, followed by a conference call at 8:30 a.m. ET. Analysts expect Victoria’s Secret to report earnings of $0.75 per share on revenue of approximately $1.62 billion. The revenue estimate would represent…
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GeoPark to Enter Venezuela Through Bare Block Transaction as Grupo Gilinski Takes Controlling Stake
GeoPark Limited (NYSE:GPRK) announced plans to enter Venezuela through the acquisition of an interest in the Bare Block, a heavy oil asset in the Orinoco Heavy Oil Belt, under a 25-year Production Participation Contract with PDVSA Petróleo S.A. The transaction will involve the issuance of shares to Grupo Gilinski, which led the origination of the…
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Tilly’s Shares Rise After Q2 Earnings and Revenue Exceed Estimates
Tilly’s (NYSE:TLYS) shares rose 29.9% in premarket trading after the California-based specialty retailer reported fiscal second-quarter 2026 earnings and revenue above analyst expectations. The company reported earnings of $0.27 per diluted share, compared with the consensus estimate of $0.17. Revenue increased 8.1% year over year to $163.5 million, exceeding analyst estimates of approximately $151 million…
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Pulmonx Shares Fall Following Recent Gains
Pulmonx (NASDAQ:LUNG) shares fell 10.1% to $2.05 in premarket trading, with no specific company announcement identified in the source material as a catalyst for the move. The decline follows a period in which Pulmonx shares had risen from their 52-week low of $1.13. The company’s next earnings release is currently estimated for November 10, 2026.…
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Datadog Shares Rise Following Snowflake Quarterly Results
Datadog (NASDAQ:DDOG) shares rose 5.7% in premarket trading following quarterly results from cloud data platform company Snowflake (NYSE:SNOW), which reported revenue and adjusted earnings above analyst expectations after Wednesday’s market close. Datadog shares also moved higher during Wednesday’s after-hours session following Snowflake’s earnings release. Both companies operate within areas of the cloud infrastructure and enterprise…