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US import prices increased more than expected in August, while export prices also rose following declines in the previous month, according to figures released by the Labor Department on Wednesday. Import prices climbed 0.7% in August after falling by a revised 0.3% in July. Economists had forecast a 0.3% increase for August. The July decline…

Novo Nordisk (NYSE:NVO) has announced a collaboration with artificial intelligence company Anthropic to integrate AI models into its drug discovery, research and development, and software engineering activities. The partnership will combine Anthropic’s AI technology with Novo Nordisk’s scientific expertise to investigate how AI can support biological reasoning, address research problems and improve R&D workflows. The…

CoreWeave (NASDAQ:CRWV) has announced the deployment of a multi-rack Nvidia Vera Rubin NVL72 cluster on CoreWeave Cloud, connecting hundreds of Nvidia Rubin graphics processing units (GPUs) into a single computing cluster. The infrastructure is designed to support agentic artificial intelligence workloads, which involve AI systems performing sequences of tasks and interacting with tools. The company…

Huntington Bancshares (NASDAQ:HBAN) shares declined 3% on Monday after the regional bank reduced its fiscal 2027 earnings forecast and revised several elements of its 2026 outlook at the Barclays Global Financial Conference. The company cited higher short-term interest rates and competition in loan and deposit pricing as factors limiting the expected expansion of its net…

Uber Technologies (NYSE:UBER) and Costco Wholesale (NASDAQ:COST) have expanded their US delivery partnership to 47 states, up from 17, making nearly 600 Costco locations available through the Uber Eats platform. The companies said the expanded service allows Costco members to place orders for on-demand or scheduled delivery through the Uber Eats app. Customers can purchase…

LuxExperience B.V. (NYSE:LUXE) shares gained 15.88% in premarket trading on Wednesday after the luxury e-commerce company reported fourth-quarter fiscal 2026 revenue above analyst expectations, although adjusted earnings per share fell short of forecasts. The company also reported positive adjusted EBITDA for a third consecutive quarter, issued revenue growth guidance for fiscal 2027 and announced a…

Union Pacific (NYSE:UNP) shares gained 2.3% in premarket trading after UBS upgraded the railroad operator from Neutral to Buy and increased its price target to $339 from $310. The bank cited expectations for higher freight volumes and earnings growth, with its profit forecasts exceeding Wall Street consensus estimates. Union Pacific shares were trading around $290.49…

JB Hunt Transport Services (NASDAQ:JBHT) shares fell as much as 9% in premarket trading on Wednesday after the US transportation company warned of a decline in earnings and highlighted rising operating costs. Speaking at a Morgan Stanley conference, the company said it expects earnings to decrease by between 5% and 10% from the second quarter…