Category: Latest News
-
Foxconn Third-Quarter Revenue Rises 47% as AI Demand Supports Growth
Foxconn (USOTC:FXCOF) reported third-quarter revenue of T$3.03 trillion ($95.4 billion), an increase of 47% from a year earlier and above market estimates, as demand related to artificial intelligence supported growth in its cloud and networking business. Revenue for the July-to-September quarter exceeded an LSEG SmartEstimate of T$2.83 trillion. Foxconn, formally known as Hon Hai Precision…
-
Cerebras Systems Shares Rise After Altman Comments on OpenAI Partnership
Cerebras Systems (NASDAQ:CBRS) shares rose as much as 6.1% in pre-market trading on Monday after OpenAI Chief Executive Sam Altman commented on the company’s relationship with the artificial intelligence infrastructure provider. Altman described Cerebras as “a close partner” of OpenAI and said the companies have “a deep engagement pushing on the frontiers of speed.” His…
-
Align Technology Shares Fall After Evercore ISI Downgrades Stock
Align Technology (NASDAQ:ALGN) shares fell 1.7% in pre-market trading after Evercore ISI downgraded the medical device company to In Line from Outperform. The downgrade comes ahead of Align Technology’s third-quarter 2026 results, which are scheduled for October 28. Wall Street analyst ratings cited in the source currently comprise 10 Buy ratings, five Hold ratings and…
-
Harley-Davidson Shares Rise After Citi Upgrades Stock to Buy
Harley-Davidson (NYSE:HOG) shares rose 3.8% in pre-market trading after Citi upgraded the motorcycle maker to Buy from Neutral and increased its price target to $33 from $31. The upgrade follows a period in which Citi had maintained a Neutral rating on Harley-Davidson during much of 2026. The shares were trading around $25.48 following the pre-market…
-
Five Market Themes to Watch This Week as Bond Yields and Fed Policy Stay in Focus
Government bond yields, Federal Reserve policy and US economic data are among the main issues facing investors this week, alongside corporate results that could provide further indications about consumer spending. Minutes from the Federal Reserve’s September meeting are due on Wednesday, while US services-sector data will offer an update on economic activity. Levi Strauss (NYSE:LEVI)…
-
Oil Prices Fall as Middle East Exports Recover and G7 Releases Emergency Reserves
Oil prices moved lower in Asian trading on Monday as increased crude exports from the Middle East and plans by Group of Seven countries to release emergency reserves reduced some near-term supply concerns. At 03:00 ET (07:00 GMT), Brent crude futures for December delivery declined 0.6% to $101.62 a barrel, while November West Texas Intermediate…
-
Gold Edges Higher as Weak US Jobs Data Reduces Fed Rate-Hike Expectations
Gold prices moved modestly higher on Monday following their largest weekly decline since June, as weaker US employment data reduced expectations for another Federal Reserve interest-rate increase. At 02:12 ET (06:12 GMT), XAU/USD rose 0.21% to $4,149.19 an ounce, while gold futures gained 0.4% to $4,176.97. Silver rose 1.6% to $61.36 an ounce and platinum…
-
Aramco CEO Says Global Oil Inventories Remain Low Amid Hormuz Supply Risks
Saudi Aramco Chief Executive Amin Nasser said global oil inventories have fallen to “scarily thin” levels and that market pressures are likely to persist until the Strait of Hormuz fully reopens. Speaking at the Energy Intelligence Forum in London, Nasser said supply constraints were affecting both crude oil and refined products, with fuel prices recording…
-
US Stock Futures Edge Lower as Investors Assess Rates, Middle East Developments and Oil Prices: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved slightly lower on Monday as investors assessed the outlook for Federal Reserve interest rates, developments in the Middle East and a decline in oil prices. At 02:58 ET (06:58 GMT), Dow futures were down 33 points, or 0.1%, while S&P 500 futures declined 9 points, or 0.1%. Nasdaq 100 futures also…
-
Strategic Player in the Future of New Zealand Energy
New Zealand Energy CEO Toby Pierce discusses the company’s Taranaki production portfolio, Tariki gas storage project and upcoming growth milestones. Ricki: What happens when a depleted gas field gets a second life — not just as a source of energy, but as infrastructure designed to help secure an entire country’s energy supply? Today we’re looking…