Category: Latest News
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Hut 8 Shares Jump After Signing $7 Billion Data Center Lease Backed by Google
Hut 8 Corp. (NASDAQ:HUT) shares climbed 25.4% in premarket trading on Wednesday after the energy infrastructure firm announced a long-term data center leasing agreement valued at $7 billion with Fluidstack. The 15-year deal covers 245 megawatts of IT capacity at Hut 8’s River Bend data center campus in Louisiana. The agreement is supported by a…
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Vyne Therapeutics Shares Surge on Merger Deal With Yarrow Bioscience
Shares of Vyne Therapeutics Inc (NASDAQ:VYNE) jumped 77.9% in premarket trading on Wednesday after the company unveiled a definitive agreement to merge with Yarrow Bioscience, a clinical-stage biotech focused on autoimmune disorders affecting the thyroid. The proposed all-share transaction will result in a newly combined company operating under the Yarrow Bioscience name and trading on…
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Oracle Shares Slide After Report Says Blue Owl Pulls Support for Michigan Data Center
Oracle (NYSE:ORCL) shares fell 2.4% in U.S. premarket trading after a Financial Times report said that Blue Owl Capital, Oracle’s largest partner in data center development, has opted not to support a proposed $10 billion data center project in Michigan that was set to serve OpenAI. According to the report, Blue Owl had been in…
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General Mills Delivers Q2 Beat Despite Drag from Yogurt Business Sale
General Mills (NYSE:GIS) posted stronger-than-expected second-quarter results on Wednesday, overcoming notable pressure from recent portfolio changes, including the divestment of its yogurt operations. The company reported adjusted earnings of $1.10 per share, ahead of analyst expectations of $1.02. Following the earnings release, General Mills shares rose 1.17%. For the quarter ended November 23, net sales…
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Oil Prices Climb Sharply After Trump Orders Venezuela Tanker Blockade
Oil prices surged on Wednesday, rising close to 2%, after U.S. President Donald Trump announced a full blockade of all sanctioned oil tankers entering and exiting Venezuela. The move injected fresh geopolitical uncertainty into energy markets already grappling with concerns about weakening global demand. By 13:02 GMT, Brent crude futures were up 99 cents, or…
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Gold Advances as Silver Breaks Records on Rising Economic Concerns
Gold prices climbed on Wednesday, while silver surged to an all-time high, as growing uncertainty around the U.S. economic outlook drove investors toward traditional safe-haven assets. At 08:40 ET (13:40 GMT), spot gold was up 0.8% at $4,335.48 per ounce, sitting just $50 below its previous record. February gold futures also gained 0.8%, reaching $4,367.00…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Energy Shares Poised to Support Higher Start for U.S. Markets
U.S. stock index futures are signaling a slightly positive open on Wednesday, suggesting equities may push higher after a mixed and uneven performance in the previous session. Early gains on Wall Street could be led by the energy sector, following a sharp rebound in crude oil prices. Oil has climbed well off its lowest levels…
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Warner Bros. Board Set to Reject Paramount’s $108.4 Billion Bid, Sources Say
The board of Warner Bros. Discovery (NASDAQ:WBD) is expected to recommend that shareholders vote against a $108.4 billion takeover proposal from Paramount Skydance (NASDAQ:PSKY), according to people familiar with the matter. Sources indicate that the move would reaffirm Warner Bros. Discovery’s preference for an existing transaction with Netflix (NASDAQ:NFLX), marking another development in the competitive…
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Nvidia Reportedly Preparing Major Data Center Project in Israel
Nvidia (NASDAQ:NVDA) is said to be moving forward with plans to establish what would become the largest server farm in Israel, according to a report published by Calcalist. The report indicates that the semiconductor company is expected to formally unveil the project in the near future, though it did not disclose the sources behind the…
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Lennar Stock Slides After Q4 Profit Miss Despite Stronger Sales
Shares of Lennar Corporation (NYSE:LEN) fell more than 2% in premarket trading after the U.S. homebuilder posted fourth-quarter earnings that came in below market expectations, overshadowing a revenue performance that exceeded forecasts in a difficult housing environment. For the quarter, Lennar reported adjusted earnings of $2.03 per share, missing the analyst consensus estimate of $2.21.…