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Texas Instruments Shares Climb After Q1 Outlook Beats Forecasts
Texas Instruments (NASDAQ:TXN) shares rose about 7% in U.S. premarket trading on Wednesday after the chipmaker issued first-quarter guidance that came in ahead of market expectations at the midpoint. For the fourth quarter, TI reported revenue of $4.42 billion, narrowly below the consensus estimate of $4.45 billion but representing a 10% increase from a year…
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Seagate Rallies After Strong Results and Upbeat Outlook Highlight AI-Driven Demand
Shares of Seagate Technology (NASDAQ:STX) jumped sharply in U.S. premarket trading on Wednesday after the data storage specialist delivered second-quarter adjusted earnings that came in well ahead of market expectations and issued robust guidance. Seagate’s stock has risen almost fourfold over the past year, propelled by the rapid expansion of artificial intelligence data centres. That…
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C3.ai Shares Surge After Reported Merger Discussions With Automation Anywhere
Shares of C3.ai (NYSE:AI) jumped as much as 10% in U.S. premarket trading on Wednesday following a report from The Information that the enterprise artificial intelligence firm is in talks over a potential merger with Automation Anywhere. According to the report, the discussions centre on combining C3.ai’s enterprise-focused AI software platform with Automation Anywhere’s robotic…
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Shell, BP Apply for U.S. Sanctions Waivers to Advance Caribbean Gas Developments
Shell (NYSE:SHEL) and BP (NYSE:BP) are pursuing approvals from the U.S. Office of Foreign Assets Control to move ahead with natural gas projects spanning Trinidad and Tobago and Venezuela, according to Trinidad’s energy minister Roodal Moonilal. Addressing delegates at the Indian Energy Week conference on Wednesday, Moonilal said Shell is seeking authorization to develop the…
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Qorvo Shares Drop After Weak Outlook Flags Apple-Related Slowdown
Shares of Qorvo Inc (NASDAQ:QRVO) fell around 10% in U.S. premarket trading on Wednesday after the radio-frequency chipmaker issued softer-than-expected guidance for the current quarter, citing weaker seasonal demand from its largest customer, Apple (NASDAQ:AAPL). Qorvo, which is in the process of being acquired by larger rival Skyworks Solutions Inc (NASDAQ:SWKS), supplies radio-frequency components such…
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Oil Edges Higher as Supply Disruptions and Weak Dollar Support Prices
Oil prices pushed modestly higher on Wednesday, extending the previous session’s gains as supply concerns lingered following weather-related disruptions in the United States, alongside output issues in Kazakhstan. A softer U.S. dollar and ongoing tensions in the Middle East also provided support. By 09:00 GMT, Brent crude futures were up 23 cents, or 0.3%, at…
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Gold Powers to Fresh Record Above $5,260/oz as Safe-Haven Demand Builds
Gold prices surged to new all-time highs on Wednesday, climbing beyond $5,200 an ounce as investors sought safety amid geopolitical tensions, policy uncertainty and a sharply weaker U.S. dollar. Spot gold briefly touched a record $5,266.38 per ounce, while April gold futures peaked at $5,297.86 per ounce. The rally was mirrored across precious metals, with…
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Fed Call and Earnings Wave Take Center Stage as Markets Brace for Volatility: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures were mostly higher early Wednesday as investors positioned cautiously ahead of a packed session featuring a key Federal Reserve policy decision and a heavy slate of corporate earnings. The Fed is widely expected to keep interest rates unchanged, while several mega-cap technology groups are set to report results after U.S. markets close.…
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S&P 500 Reaches Record Closing High But Dow Gives Back Ground
Following the upward move seen in the previous session, the major U.S. stock indexes moved in starkly opposite directions during trading on Tuesday. While the Nasdaq and the S&P 500 saw further upside, the narrower Dow showed a notable pullback. The Nasdaq jumped 215.74 points or 0.9 percent to a nearly three-month closing high of…
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Futures rise on tech earnings optimism despite UnitedHealth plunge ahead of Fed decision — Dow Jones, S&P 500 and Nasdaq
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a higher open on Tuesday, with stocks likely to see further upside following the strength seen in the previous session. Tech stocks may help to lead an early advance on Wall Street, as reflected by the 0.6 percent increase by the tech-heavy Nasdaq 100…