Category: Latest News
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Reddit shares jump as AI-driven ads power Q4 beat and upbeat outlook
Reddit (NYSE:RDDT) delivered better-than-expected fourth-quarter results and issued stronger guidance, helped by momentum in its advertising business as new AI tools attract more marketers to the platform. The company also unveiled its first-ever share buyback program, authorising repurchases of up to $1 billion. The social media group reported adjusted earnings of $1.24 per share, comfortably…
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Wall Street Futures Point Higher as Bargain Buyers Step In After Tech Selloff: Dow Jones, S&P, Nasdaq
U.S. stock index futures are signaling a firmer open on Friday, suggesting equities may recover some lost ground after several sessions of sharp declines. Investors appear poised to hunt for bargains following the recent technology-led pullback, which pushed the Nasdaq to its lowest closing level in more than two months. That said, trading volumes could…
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Amazon shares tumble 9% premarket as 2026 capex outlook far exceeds forecasts
Amazon.com (NASDAQ:AMZN) delivered a solid quarterly revenue beat on Thursday, but investors focused on its capital spending outlook after the company flagged roughly $200 billion of capital expenditures for 2026—well above market expectations. The guidance sent shares sharply lower, with the stock sliding 9.3% in premarket trading on Friday. Amazon’s results arrive amid a broader…
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Novo shares bounce back as FDA signals tougher stance on weight-loss drug knockoffs
Shares of Danish pharmaceutical group Novo Nordisk (NYSE:NVO) rallied on Friday, recovering some of the steep losses suffered earlier in the week after the U.S. Food and Drug Administration indicated it would step up action against the widespread promotion of unapproved copycat medicines. Novo’s American depositary receipts surged more than 7% in premarket trading, while…
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Stellantis Shares Sink 22% After Warning of €22bn Impact From EV Strategy Reset
Shares in Stellantis (NYSE:STLA) plunged on Friday after the carmaker disclosed that it expects to record around €22.2bn in charges as it scales back parts of its electric vehicle strategy in response to weaker-than-expected demand. The stock was last trading more than 22% lower in Milan. The group said the bulk of the write-downs relate…
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Oil heads for first weekly loss in seven weeks as focus turns to U.S.–Iran talks
Oil prices climbed more than 1% on Friday, rebounding from sharp losses a day earlier, but were still on track to post their first weekly decline in almost two months as supply worries eased and attention shifted to upcoming U.S.–Iran discussions later in the day. By 06:58 GMT, Brent crude futures were up 78 cents,…
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Gold and silver edge higher after volatile week, but losses still dominate
Gold and silver prices eked out gains during Asian trading on Friday, drawing in bargain hunters after a week marked by sharp volatility and heavy selling across precious metals. Silver continued to lag the sector and remained on track for a weekly loss of around 14%, having largely undone a recent rebound. Gold fared somewhat…
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Bitcoin rebounds from 16-month trough but faces heavy weekly drop as crypto selloff deepens
Bitcoin (COIN:BTCUSD) bounced off a 16-month low during Asian trading on Friday, but remained on course for a sharp weekly decline as a risk-averse mood—driven by uncertainty over U.S. monetary policy—continued to weigh on cryptocurrency markets. The recovery did little to change the broader picture after major corporate holder Strategy Inc (NASDAQ:MSTR) reported a much…
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Amazon’s capex surge, Stellantis reset, Bitcoin slide – what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures edged lower on Friday as weakness in technology stocks persisted. Online retail giant Amazon (NASDAQ:AMZN) unveiled a sharp increase in capital spending, while carmaker Stellantis (NYSE:STLA) flagged a major strategic rethink away from electric vehicles. Bitcoin (COIN:BTCUSD) continued to slide, and oil markets remained focused on the outcome of talks between the…
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U.S. Stocks Move Sharply Lower Amid Continued Tech Weakness
Following the mixed performance seen in the previous session, the major U.S. stock indexes all moved sharply lower during trading on Thursday. The tech-heavy Nasdaq led the way lower, tumbling to its lowest closing level in over two months. The major averages ended the day off their worst levels of the session but still firmly…