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NetEase shares slip despite first-quarter earnings and revenue beat (NTES)
NetEase (NASDAQ:NTES) reported first-quarter results ahead of analyst expectations, although the company’s shares fell around 2% following the release as investors focused on broader earnings trends and future growth prospects. The Chinese gaming and internet group posted adjusted earnings per share of RMB17.46, comfortably above analyst forecasts of RMB15.39. Quarterly revenue reached RMB30.6 billion (US$4.4…
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Elf Beauty warns Iran conflict could hit earnings despite strong quarterly beat (ELF)
e.l.f. Beauty (NYSE:ELF) exceeded Wall Street expectations for its fourth-quarter performance on Wednesday but issued softer annual guidance, highlighting the growing impact of higher oil prices linked to the conflict involving Iran. The cosmetics company said the ongoing war could create a financial headwind of between US$15 million and US$20 million during fiscal 2027. Despite…
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Intuit shares tumble after weaker TurboTax outlook despite stronger earnings guidance (INTU)
Intuit (NASDAQ:INTU) raised its full-year guidance and delivered third-quarter results ahead of expectations as the company continued to benefit from its AI-focused platform strategy. However, the financial software group also reduced its annual revenue outlook for TurboTax and announced plans to cut 17% of its workforce as part of a broader operational restructuring programme, sending…
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Oil prices recover as uncertainty over Iran talks and shrinking inventories support market
Oil prices climbed more than 1% on Thursday, recovering part of the sharp losses recorded in the previous session as traders continued to assess developments in peace negotiations between the United States and Iran, while tightening supply conditions and falling U.S. inventories also supported the market. By 06:18 GMT, Brent crude futures had risen US$1.27,…
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Gold prices ease as bond yields and firm dollar pressure sentiment
Gold prices moved slightly lower on Thursday as investors balanced the impact of elevated government bond yields and a stable U.S. dollar against optimism surrounding a possible end to the conflict between the United States and Iran. By 05:33 ET (09:33 GMT), spot gold had declined 0.2% to US$4,536.09 an ounce, while gold futures slipped…
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Nvidia earnings surge while SpaceX IPO plans and Iran peace hopes shape markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded slightly lower on Thursday as investors absorbed another set of blockbuster earnings from artificial intelligence chip leader Nvidia (NASDAQ:NVDA) while continuing to monitor developments surrounding the conflict between the United States and Iran. By 03:32 ET, Dow futures had fallen 112 points, or 0.2%, while S&P 500 futures slipped 19 points…
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Safe and Stable: Bolivia Welcomes Foreign Investment and Transforms MiningToronto Stock Exchange confirms support for rigorous business strategy
Bolivia is putting up a welcome sign for foreign investors, and the Toronto Stock Exchange (TSX) recognized the milestone recently with its first-ever Bolivian visit. The TSX came to La Paz, Bolivia’s administrative capital, for a high-profile conference of business and finance leaders celebrating Bolivia’s growing capacity to attract and responsibly manage foreign investment. This…
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SpaceX unveils plans for blockbuster market debut that could push Elon Musk toward trillionaire status
Elon Musk’s SpaceX has disclosed plans to launch a public listing in the US, opening the door for investors to trade shares of the aerospace company on the stock market. The company builds rockets, operates the Starlink satellite internet network, and also controls Musk’s controversial artificial intelligence venture xAI. The initial public offering (IPO), expected…
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Oil Plunge and Nvidia Anticipation Fuel Broad Rally on Wall Street
Stocks rallied sharply on Wednesday as a steep drop in crude oil prices and mounting excitement ahead of Nvidia’s after-the-bell earnings report drew buyers back into the market. All three major indexes posted their strongest session in weeks, snapping a three-day losing streak that had been driven by surging Treasury yields. The mood shifted decisively…
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Akamai Research Highlights Rising DDoS and API Security Threats Targeting Financial Services (AKAM)
The company’s latest cybersecurity report points to a sharp escalation in AI-driven attacks against banks and financial institutions, with longer-lasting DDoS campaigns and increased API exploitation. Key Investor Takeaways Why AKAM Stock Is in Focus Akamai released its latest State of the Internet Security report focused on cyber threats targeting financial institutions. According to the…