Category: Latest News
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Intel Soars in Premarket After Blowout Results, Eyes Record High
Shares of Intel Corp (NASDAQ:INTC) surged about 28% in premarket trading on Friday after the chipmaker delivered stronger-than-expected first-quarter results and issued an upbeat outlook for the second quarter, driven by robust demand for its AI-focused data center chips. The stock climbed to around $85, putting it on track to surpass its all-time high reached…
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Oil Advances on Fears of Escalating Middle East Conflict
Oil prices moved higher on Friday amid growing concerns that military tensions in the Middle East could intensify, after Iran released footage showing commandos boarding a cargo vessel in the Strait of Hormuz and reports emerged that its air defence systems had engaged “hostile targets.” Brent crude futures climbed 99 cents, or 0.94%, to $106.06…
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Gold Heads for Weekly Drop as Dollar Strength Weighs Amid U.S.-Iran Tensions
Gold prices declined on Friday and were on track for a notable weekly loss, as heightened uncertainty surrounding the U.S.-Iran conflict drove investors toward the dollar. Spot gold slipped 0.5% to $4,672.22 an ounce by 02:27 ET (06:27 GMT), while gold futures fell 0.8% to $4,686.89 per ounce. Over the week, spot prices were set…
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Markets Drift as Oil Stays Elevated and Intel Jumps: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to major U.S. indices were mixed on Friday, hovering around flat levels, while oil prices held above $100 per barrel as disruptions in the Strait of Hormuz persisted despite a fragile U.S.-Iran ceasefire. Meanwhile, shares of Intel (NASDAQ:INTC) surged in after-hours trading following an upbeat outlook from the chipmaker. Futures Struggle for Direction…
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Software Selloff and Rising Oil Prices Pull Wall Street Back from Record Highs
U.S. stocks retreated on Thursday as a sharp selloff in software shares and surging crude oil prices gave investors reason to book profits after the previous session’s rally to all-time highs. The S&P 500 had just notched a fresh record on Wednesday following President Trump’s extension of the ceasefire with Iran, but optimism faded quickly…
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Canopy Growth jumps as U.S. moves to ease medical marijuana restrictions
Shares of cannabis companies rallied in premarket trading on Thursday after a major regulatory shift in the United States signaled a more favorable environment for the sector, with Canopy Growth Corp (NASDAQ:CGC) among the notable gainers. The move follows news that the acting U.S. attorney general signed an order to reclassify state-licensed medical marijuana, shifting…
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Roper Technologies climbs on earnings beat, higher outlook and expanded buybacks
Roper Technologies, Inc. (NASDAQ:ROP) reported first-quarter results on Thursday that topped earnings expectations, while also lifting its full-year guidance and increasing its share repurchase program. Shares rose 5.88% in premarket trading following the announcement. Earnings and revenue exceed forecasts The company posted adjusted earnings per share of $5.16, beating the analyst consensus of $4.99 by…
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Cumberland Pharmaceuticals jumps on $100M Apotex transaction
Cumberland Pharmaceuticals Inc. (NASDAQ:CPIX) shares surged 80% on Thursday after the company announced a strategic deal with an affiliate of Apotex to combine their commercial operations. Deal structure and terms Under the agreement, Apotex will purchase Cumberland’s portfolio of branded pharmaceutical products for $100 million in cash. The transaction remains subject to approval by Cumberland’s…
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Primech steps up U.S. rollout of AI-powered cleaning robot
Primech Holdings Limited (NASDAQ:PMEC) announced plans to accelerate its expansion in the United States for Hytron, its autonomous restroom cleaning robot, after being selected for the SelectUSA Tech program. The company confirmed it will attend the 2026 SelectUSA Investment Summit, scheduled for May 3–6 in National Harbor, Maryland, following an invitation from the U.S. Embassy…
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OSI Systems secures $235M radar contract for defense program
OSI Systems Inc. (NASDAQ:OSIS) announced that its Security division has been awarded an Undefinitized Contract Action with a ceiling value of approximately $235 million to produce and integrate a homeland defense over-the-horizon radar transmit subsystem. The deal represents roughly 13% of the company’s annual revenue of $1.8 billion and comes as the firm, with a…