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Lithium shortage grows: How BYD, NEO Battery Materials, and DroneShield are benefiting
A new era of scarcity is dawning. Lithium prices are skyrocketing. As lithium becomes the strategic oil of the 21st century, entirely new technologies are fueling the appetite for energy. Electric mobility, drones, robotics, and AI all have one thing in common: they are driving up demand for energy storage systems that need to be…
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U.S. Stocks Pull Back Off Best Levels But Still Close Higher
After turning in a strong performance for much of the session, stocks gave back some ground in the latter part of the trading day on Thursday but managed to remain mostly higher. The major averages all ended the day in positive territory, regaining some ground following the pullback seen over the two previous sessions. The…
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Talen Energy gains after announcing $3.45 billion gas plant acquisition
Talen Energy Corporation (NASDAQ:TLN) shares rose about 5% on Thursday after the company said it will acquire three natural gas-fired power plants from Energy Capital Partners in a deal valued at $3.45 billion. The transaction will add roughly 2.6 gigawatts of natural gas generation capacity to Talen’s portfolio through the purchase of the Waterford Energy…
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First Horizon slides despite fourth-quarter earnings topping estimates
First Horizon Corporation (NYSE:FHN) reported fourth-quarter earnings on Thursday that beat analyst expectations, but shares fell nearly 5% in premarket trading as investors weighed margin pressure and loan growth dynamics. The regional lender posted earnings per share of $0.52, above consensus estimates of $0.46. Net income available to common shareholders totaled $257 million, up 1%…
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Insteel Industries slips after first-quarter revenue comes in below forecasts
Insteel Industries Inc. (NYSE:IIIN) reported first-quarter fiscal 2026 results on Thursday that showed a modest revenue shortfall despite a slight earnings beat, sending shares down 2.26% in premarket trading. The largest U.S. producer of steel wire reinforcing products for concrete construction posted earnings of $0.39 per share, edging past analyst expectations of $0.38. Revenue totaled…
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Applied Materials jumps after Barclays lifts rating on AI-driven spending outlook
Applied Materials Inc (NASDAQ:AMAT) shares rose about 8% in premarket trading after Barclays upgraded the stock to Overweight from Underweight, citing improving prospects tied to artificial intelligence-related capital spending. According to the firm, proximity to AI has been the dominant factor behind U.S. semiconductor stock performance. While the timing and scale of AI deployments remain…
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Aeva jumps after debuting high-power optical amplifier for AI data centers
Aeva (NASDAQ:AEVA) shares climbed about 8% after the company introduced a new high-power semiconductor optical amplifier (SOA) aimed at artificial intelligence data centers and physical AI applications. The Mountain View, California-based firm, best known for its sensing and perception systems, is extending its photonics capabilities beyond FMCW LiDAR into the fast-expanding AI infrastructure market. Aeva…
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BlackRock tops fourth-quarter forecasts as assets climb to $14 trillion
BlackRock, Inc. (NYSE:BLK) reported stronger-than-expected fourth-quarter results on Thursday, posting adjusted earnings per share of $13.16, above analyst estimates of $12.44. Revenue reached $7.0 billion, exceeding the consensus forecast of $6.75 billion. The world’s largest asset manager ended the quarter with assets under management totaling $14 trillion, driven by record quarterly net inflows of $342…
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Eli Lilly slips after FDA pushes back ruling on weight-loss pill
Eli Lilly (NYSE:LLY) shares edged 0.9% lower in premarket trading on Thursday after the U.S. Food and Drug Administration postponed its decision on the company’s weight-loss pill until April 10. The FDA had previously been expected to issue a ruling by late March, raising uncertainty around the approval timeline for the treatment. The drug had…
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Spotify shares gain after announcing Premium price increase in U.S. and Baltics
Spotify (NYSE:SPOT) shares rose 2.1% on Thursday after the streaming platform said it will raise prices for its Premium subscription service in the United States and select Baltic markets. Spotify said the monthly price for existing Premium subscribers in the U.S., Estonia, and Latvia will increase by $1 to $12.99. The higher pricing will take…