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Duos Technologies Shares Slip After Q1 Revenue Miss Despite AI Infrastructure Expansion (DUOT)
Duos Technologies Group (NASDAQ:DUOT) shares declined 2.23% in premarket trading on Monday after the company posted first-quarter results that came in below analyst expectations, with revenue falling sharply year-over-year as it continues shifting toward AI-focused data center infrastructure operations. Revenue Falls Sharply in First Quarter The company reported a quarterly loss of -$0.15 per share…
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Gold Prices Fluctuate as Rising Bond Yields and Iran Conflict Pressure Markets
Gold prices traded unevenly on Monday as investors monitored ongoing weakness in global bond markets fueled by concerns about accelerating inflation and higher interest rates. Gold Slips After Earlier Recovery Attempt By 07:24 ET (11:24 GMT), spot gold was down 0.1% at $4,536.03 per ounce, while gold futures declined 0.5% to $4,539.59 per ounce. Earlier…
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U.S. Stocks Poised for Additional Weakness Following Friday Sell-Off: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed modestly lower on Monday morning, suggesting equities could extend losses after the sharp decline recorded during Friday’s session. Middle East Tensions Continue to Pressure Sentiment Investor sentiment remained fragile amid ongoing concerns surrounding the conflict in the Middle East, after President Donald Trump warned Iran that the “clock is ticking.” In…
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LiveRamp jumps after earnings beat and $2.5 billion Publicis takeover deal (RAMP)
LiveRamp Holdings Inc. (NYSE:RAMP) shares surged more than 26% in premarket trading on Monday after the company reported stronger-than-expected fourth-quarter results and announced a definitive agreement to be acquired by Publicis Groupe for $2.5 billion. Quarterly earnings and revenue exceed expectations The data collaboration technology company posted adjusted earnings of $0.52 per share for the…
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GoPro wins major patent dispute after court throws out claims and damages award (GPRO)
GoPro Inc. (NASDAQ:GPRO) secured a legal victory in a patent infringement case after a U.S. federal court invalidated all asserted patent claims and overturned an $8.2 million damages award previously granted against the company. Court rules remaining patent claim invalid According to a company filing, the U.S. District Court for the Northern District of California…
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Phillips 66 unveils new gas processing and fractionation projects in Texas (PSX)
Phillips 66 (NYSE:PSX) announced plans to develop two new midstream infrastructure projects, including the Zeus Gas Plant and a third Coastal Bend Fractionator, with both facilities expected to begin operations in 2028. New Permian gas plant to expand processing capacity The Zeus project will consist of a natural gas processing facility capable of handling 300…
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Ford Energy lands five-year battery storage supply agreement with EDF (F)
Ford Energy, a subsidiary of Ford Motor Company (NYSE:F), has entered into a five-year framework agreement with EDF power solutions North America to provide up to 20 gigawatt hours of battery energy storage systems. Agreement supports large-scale U.S. energy storage projects Under the terms of the agreement, EDF power solutions will have the option to…
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Galaxy Digital secures New York BitLicense to expand institutional crypto services (GLXY)
Galaxy Digital Inc. (NASDAQ:GLXY) said the New York State Department of Financial Services has approved both a BitLicense and a Money Transmission License for its subsidiary GalaxyOne Prime NY, allowing the company to broaden its regulated digital asset operations within New York State. Approval expands regulated services in New York The newly granted licenses enable…
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Glenfarne and ConocoPhillips reach long-term gas supply deal for Alaska LNG project (COP)
Glenfarne Alaska LNG LLC and ConocoPhillips (NYSE:COP) Alaska have entered into a 30-year gas sales precedent agreement covering natural gas supply from Alaska’s North Slope for the first phase of the Alaska LNG development. Agreement supports Phase One investment plans According to the companies, the agreement secures enough gas volumes to support a final investment…
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Sohu.com reports first-quarter loss as gaming revenue supports sales growth (SOHU)
Sohu.com Limited (NASDAQ:SOHU) reported a first-quarter adjusted net loss on Monday, although total revenue increased year-over-year thanks to continued strength in its online gaming business. Revenue rises while company remains loss-making The Chinese online media and gaming group posted total revenue of $141 million for the first quarter, representing a 4% increase from $136 million…