Category: Latest News
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Navitas Semiconductor Shares Drop After Wolfspeed Files Patent Infringement Lawsuit (NVTS)
Navitas Semiconductor (NASDAQ:NVTS) shares fell 7% on Wednesday morning after Wolfspeed (NYSE:WOLF) filed a patent infringement lawsuit against the company in the U.S. District Court for the District of Delaware. According to the complaint, Wolfspeed alleges that a wide range of Navitas products infringes several of its patents, including U.S. Patent Nos. 8,169,005, 10,998,418, 10,886,396,…
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Helen of Troy Tops First-Quarter Forecasts as Shares Hold Steady on Outlook (HELE)
Helen of Troy Limited (NASDAQ:HELE) reported first-quarter fiscal 2027 results on Wednesday that came in ahead of analyst expectations, although the stock was little changed in premarket trading. Shares edged down 0.14% before the opening bell following the earnings release. The company posted adjusted earnings per share of $0.17, outperforming the consensus forecast of a…
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Douglas Elliman Unveils AI Strategy as Shares Slide in Premarket Trading (DOUG)
Douglas Elliman Inc (NYSE:DOUG) shares dropped 12.3% in premarket trading on Wednesday after the luxury real estate brokerage announced a sweeping artificial intelligence strategy aimed at reshaping its business. The company said it plans to transform into a technology-driven enterprise by overhauling its operating model and reducing costs through the adoption of AI across the…
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Wall Street Set for Lower Open After Trump Says U.S.-Iran Ceasefire Is ‘Over’: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a weaker start on Wednesday, suggesting Wall Street could extend the previous session’s losses as renewed tensions in the Middle East unsettled investor sentiment. Markets came under pressure after President Donald Trump declared the U.S.-Iran ceasefire “over,” raising fears of a fresh escalation in regional conflict. “As far as I’m…
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Occidental Petroleum Jumps After Evercore Double Upgrade (OXY)
Occidental Petroleum (NYSE:OXY) shares climbed 3.8% in pre-market trading on Wednesday after Evercore ISI upgraded the oil producer by two notches, citing a stronger balance sheet and improved cash generation prospects. Evercore Turns Bullish on Free Cash Flow Outlook Evercore upgraded Occidental to Outperform from Underperform and increased its price target to $65 from $58.…
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Apple Commits Over $30 Billion to Broadcom Supply Deal as Colorado Plant Expands (AAPL)
Apple (NASDAQ:AAPL) will invest more than $30 billion under a long-term semiconductor supply agreement with Broadcom (NASDAQ:AVGO), a partnership that will also fund a major expansion of Broadcom’s manufacturing facility in Colorado. Long-Term Agreement Supports U.S. Chip Production Broadcom announced earlier this week that it had signed a supply agreement with Apple running through 2031.…
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SpaceXAI to Launch Grok 4.5 for Public Access, Musk Confirms (SPCX)
SpaceX (NASDAQ:SPCX) will make its Grok 4.5 artificial intelligence model publicly available on Thursday, according to a social media post from chief executive Elon Musk. Musk Positions Grok 4.5 Against Leading AI Models Musk described Grok 4.5 as an “Opus-class” model, drawing comparisons with Anthropic’s Claude while claiming it delivers faster performance, greater token efficiency…
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OpenAI Set to Release Most Advanced GPT Model Following Security Review (OAI)
OpenAI (NASDAQ:OAI) is expected to publicly unveil its most advanced artificial intelligence model, GPT-5.6, on Thursday after postponing its release last month at the request of the U.S. government amid growing national security concerns. GPT-5.6 Cleared Following Government Review The delayed rollout comes as the United States and China continue to compete in the development…
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Rivian Shares Decline After $1.2 Billion Share Offering (RIVN)
Rivian Automotive (NASDAQ:RIVN) shares fell 4.7% in pre-market trading on Wednesday as investors reacted to the electric vehicle maker’s decision to launch a 75 million-share public offering priced at $15.50 per share. Capital Raise Weighs on Sentiment The offering is expected to generate approximately $1.2 billion in gross proceeds and is partly intended to fund…
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Bath & Body Works Shares Fall After Goldman Sachs Downgrade (BBWI)
Bath & Body Works (NYSE:BBWI) shares dropped 4.1% in pre-market trading on Wednesday after Goldman Sachs downgraded the specialty retailer to Sell, citing concerns over weakening consumer sentiment, brand perception and the risks associated with its evolving distribution strategy. Goldman Cuts Rating and Lowers Expectations Goldman Sachs assigned the stock a Sell rating with a…