Category: Latest News
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Applied Materials Shares Fall as Strong Q3 Results Fail to Meet Elevated Expectations
Applied Materials (NASDAQ:AMAT) shares fell 5.4% in pre-market trading after the semiconductor equipment maker’s record fiscal third-quarter 2026 results failed to impress investors following the stock’s substantial year-to-date rally. The company reported revenue of $9.12 billion, an increase of 25% from the previous year and ahead of the approximately $8.99 billion analyst consensus. Non-GAAP earnings…
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LG and Nvidia Expand Partnership Across Robotics, AI Factories and Mobility
LG Corp and Nvidia (NASDAQ:NVDA) have signed a memorandum of understanding to deepen their strategic collaboration across robotics, artificial intelligence factories and next-generation mobility technologies. The agreement brings together LG’s manufacturing and technology operations with Nvidia’s AI computing platforms as the South Korean group looks to accelerate the adoption of physical AI across factories, robots…
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Pony.ai and Uber Plan Deployment of More Than 2,000 Robotaxis Across Europe
Pony.ai (NASDAQ:PONY) announced on Friday that it intends to deploy more than 2,000 robotaxis across Europe as part of an expanded partnership with ride-hailing company Uber Technologies (NYSE:UBER). The planned rollout represents a significant expansion of the companies’ autonomous mobility collaboration as Pony.ai seeks to extend its technology into additional international markets. Partnership to expand…
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Nu Holdings Shares Surge After First $1 Billion Quarterly Profit
Nu Holdings (NYSE:NU) shares jumped 9.1% in pre-market trading after the Latin American digital banking group delivered a record second-quarter performance, including quarterly net income above $1 billion for the first time in its 13-year history. The results, released after the market close on August 13, 2026, showed net income of $1.06 billion, representing currency-neutral…
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Birkenstock Shares Fall as Discounted Secondary Offering Pressures Stock
Birkenstock Holding (NYSE:BIRK) shares dropped 2.5% in pre-market trading after the footwear company announced a secondary offering involving 22.5 million shares priced below the stock’s previous market close. The shares are being sold by BK LC Lux MidCo S.à r.l., an entity affiliated with L Catterton, with the offering price representing a 4.02% discount to…
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Apple Develops China-Specific AI Model With Alibaba Support, Reuters Reports
Apple Inc (NASDAQ:AAPL) has trained its own large language model specifically for the Chinese market with assistance from Alibaba (NYSE:BABA), Reuters reported on Friday, signalling a change in the technology giant’s approach to introducing artificial intelligence services in China. The development could give Apple greater control over its AI technology as it prepares to bring…
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Fox Shares Jump After JPMorgan Upgrade and Higher Price Target
Fox Corp (NASDAQ:FOX) Class A shares climbed 4.1% in pre-market trading to $68.14 after JPMorgan upgraded the media company from Neutral to Overweight and increased its price target to $82 from $70. The brokerage highlighted Fox’s strong underlying performance, favourable economics from the FIFA World Cup and expectations surrounding the company’s pending acquisition of Roku…
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Reddit Shares Surge as S&P 500 Inclusion Set for August 18
Reddit (NYSE:RDDT) shares jumped 12.3% in pre-market trading after S&P Dow Jones Indices announced that the social media company will enter the S&P 500 before the opening bell on August 18. Reddit will replace AvalonBay Communities, which is leaving the benchmark in connection with its pending acquisition by fellow S&P 500 member Equity Residential. The…
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Gold Falls Below $4,350 as Profit-Taking Offsets Fed Rate Support
Gold prices moved lower on Friday, extending their retreat from a 10-week high reached earlier in the week as investors locked in some gains following the recent rally. Persistent uncertainty surrounding the Strait of Hormuz continued to complicate the inflation outlook and expectations for Federal Reserve monetary policy. At 02:08 ET (06:08 GMT), XAU/USD fell…
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Oil Prices Head for Weekly Gain as Hormuz Supply Risks Persist
Oil prices moved higher on Friday and remained on course for their first weekly advance in three weeks, as a fresh attack on a vessel in the Strait of Hormuz added to uncertainty over the movement of crude and liquefied natural gas through the key shipping route. Brent crude futures rose 1.0% to $87.90 a…