Category: Latest News
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OpenAI’s Restructuring May Lay Foundation For Future IPO
OpenAI’s ongoing corporate restructuring could lay the foundation for a potential initial public offering (IPO), though no firm plans have been made. CFO Sarah Friar noted at the Dublin Tech Summit that going public is a possibility, but emphasized that the company must be internally prepared and the broader market must be favorable before taking…
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Goldman Sachs Recommend Gold And Oil In Long-run Portfolios
Goldman Sachs is urging long-term investors to reevaluate gold and oil’s roles in their portfolios. In a strategic note, the bank recommends a higher allocation to gold and a lower one to oil over the next five years, citing their historical effectiveness as hedges. “Positive long-run allocations to gold and enhanced oil futures are optimal…
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Tempus AI Shares Drop Following Critical Short-Seller Report from Spruce Point
Tempus AI (NASDAQ:TEM) saw its stock decline by 4% after short-selling firm Spruce Point Capital released a scathing report questioning the company’s operations, leadership, and financial disclosures. The report, based on a forensic investigation, alleged that Tempus AI’s AI-driven products generate only a small fraction of its revenue. In 2024, the company brought in just…
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GameStop Rises After Revealing Half-Billion Dollar Bitcoin Investment
GameStop Corp. (NYSE:GME) shares rose more than 2% in early premarket activity on Wednesday, though gains later tapered, following news that the company has made a major investment in bitcoin. The video game retailer disclosed in a regulatory filing that it had acquired approximately 4,710 bitcoins, valued at around $513 million. This marks GameStop’s first…
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Cleveland-Cliffs Shares Fall Following Double Downgrade by GLJ Research
Cleveland-Cliffs (NYSE:CLF) saw its stock drop about 1.5% in premarket trading Wednesday after GLJ Research sharply lowered its rating on the company from “Buy” to “Sell,” slashing its price target to $3.91. The shift represents a dramatic turnaround by analyst Gordon Johnson, who openly acknowledged his January recommendation to buy the stock at $9.90 as…
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Hyperfine Gains FDA Clearance for Next-Gen Optive AI Imaging Software
Hyperfine, Inc. (NASDAQ: HYPR), the company behind the world’s first FDA-cleared portable MRI system powered by artificial intelligence – the Swoop® system – has received FDA approval for its latest software innovation, Optive AI™. This marks the tenth major software update for the Swoop® system and represents a significant advancement in image quality for ultra-low-field…
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Dow Jones, S&P, Nasdaq:Wall Street Steady Ahead of Nvidia’s Earnings Report Amid Mixed Retail Results
U.S. stocks held steady on Wednesday, with the S&P 500 up 0.2%. Positive earnings from Abercrombie & Fitch and Dick’s Sporting Goods contrasted with losses from Okta and Macy’s. A crucial Nvidia earnings report is expected to impact market sentiment. U.S. stocks appeared steady on Wednesday, following a significant rebound that brought them closer to…
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Dow Jones, S&P, Nasdaq, Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the rally seen in the previous session. Traders may be reluctant to make significant moves ahead of the release of earnings news from…
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Columbus McKinnon Reports Q4 Earnings; Revenue Misses Expectations
Columbus McKinnon Corporation (NASDAQ:CMCO) released its fiscal fourth-quarter results for 2025 on Wednesday, with revenue coming in below analyst expectations. Following the announcement, the company’s shares dropped 1.29% in pre-market trading. The manufacturer of material handling equipment reported adjusted earnings per share of $0.60, slightly above the $0.58 consensus. However, revenue totaled $246.9 million, missing…
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Macy’s Lowers Annual Outlook Amid Tariff Pressures and Weak Consumer Spending; Q1 Results Beat Estimates
Macy’s Inc (NYSE:M) has revised downward its full-year 2025 earnings and adjusted EBITDA margin guidance, citing the effects of tariffs, softer consumer discretionary spending, and intensified promotional competition. Nevertheless, the company’s first-quarter results surpassed analyst expectations. Following the report, Macy’s shares rose over 1% in premarket trading as of 11:07 GMT. The department store now…