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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…
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Chip equipment makers rally as TSMC lifts capex and signals strong 2026 growth
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) sparked a broad rally in semiconductor equipment stocks on Thursday after unveiling sharply higher capital spending plans and a bullish revenue outlook for 2026. Shares of major chip equipment suppliers surged following the announcement. Lam Research (NASDAQ:LRCX) jumped 7%, Applied Materials (NASDAQ:AMAT) climbed 8%, KLA Corporation (NASDAQ:KLAC) rose 6%, and…
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Quantum shares jump after preliminary Q3 revenue tops guidance
Quantum Corporation (NASDAQ:QMCO) shares surged about 10% on Thursday after the company reported preliminary third-quarter fiscal 2026 results that came in above its previously issued revenue outlook. The artificial intelligence and unstructured data solutions provider said preliminary revenue for the quarter ended December 31, 2025, totaled roughly $72.7 million, exceeding the high end of its…
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Compass Diversified slides after posting sharp third-quarter earnings miss
Compass Diversified (NYSE:CODI) reported third-quarter results on Thursday that fell well short of analyst expectations, with both earnings and revenue missing forecasts by a wide margin. Shares of the company dropped about 2.60% in U.S. premarket trading following the release. Compass Diversified, which owns a portfolio of middle-market businesses, posted a third-quarter loss of -$1.21…
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Morgan Stanley tops fourth-quarter forecasts as strong performance lifts shares
Morgan Stanley (NYSE:MS) reported fourth-quarter results that came in ahead of Wall Street expectations, posting net revenues of $17.9 billion and earnings per share of $2.68. The figures exceeded consensus estimates of $17.72 billion in revenue and $2.41 per share, sending the firm’s shares up about 1.3% following the release. Fourth-quarter revenue rose 10.3% from…
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Fresh Del Monte emerges as winning bidder for Del Monte Foods in $285 million deal
Fresh Del Monte Produce Inc (NYSE:FDP) said on Thursday that it has been chosen as the successful bidder in the court-supervised sale process for Del Monte Foods. The proposed transaction carries a purchase price of $285 million. A sale hearing is scheduled for January 28, 2026, and the acquisition is expected to be completed by…
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Penumbra shares jump as Boston Scientific agrees to $14.5 billion takeover
Boston Scientific Corp (NYSE:BSX) said on Thursday it has reached a deal to acquire medical technology firm Penumbra (NYSE:PEN) for about $14.5 billion, a move aimed at expanding its footprint in cardiovascular devices. Following the announcement, Boston Scientific shares fell roughly 4%, while Penumbra stock surged more than 13% in U.S. premarket trading. Under the…
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Kroger broadens grocery delivery reach through Uber Eats and Postmates
Kroger Co. (NYSE:KR) has rolled out its grocery delivery offering on the Uber Eats, Uber, and Postmates apps, extending on-demand and same-day delivery to customers from nearly 2,700 stores across the United States. Through the delivery platforms, shoppers can browse full assortments from multiple Kroger-owned banners, including Ralphs and Fred Meyer, and place orders directly…
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Goldman Sachs revenue edges lower as Apple Card transition weighs
Goldman Sachs (NYSE:GS) reported a decline in fourth-quarter net revenues, citing a markdown tied to the transfer of Apple’s large credit-card partnership to JPMorgan Chase. Despite the revenue dip, earnings surpassed expectations. The firm said the markdown was more than offset by a $2.48-billion reduction in provisions for credit losses, which lifted the bottom line…
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U.S. Import Prices Rise Between September and November
U.S. import prices increased over the period from September to November, according to figures released Thursday by the Labor Department. The data showed that import prices climbed 0.4% across the two-month span, reversing a 0.1% decline recorded in September and signalling a pickup in costs for goods entering the United States toward the end of…