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Lumentum beats quarterly forecasts as AI demand drives stronger outlook
Lumentum Holdings Inc (NASDAQ:LITE) reported fiscal fourth-quarter results above Wall Street expectations, supported by strong artificial intelligence-related demand for optical connectivity used in data centres. Adjusted earnings per share came in at $3.23, beating the analyst estimate of $2.95 by $0.28. Revenue reached $1.01 billion, ahead of the $984.57 million consensus forecast and up 109%…
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Oil prices approach two-week high as Hormuz stays closed and Houthi attacks persist
Oil prices climbed on Wednesday, extending their recent advance and moving close to a two-week high as the U.S. and Iran remained divided over reopening the Strait of Hormuz. Fresh attacks by Yemen’s Iran-backed Houthis on shipping in the Red Sea added to concerns that supply disruptions across West Asia could persist for longer. Brent…
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Gold holds near $4,400 as markets await U.S. inflation data
Gold prices extended their advance on Wednesday, trading close to $4,400 an ounce as investors awaited fresh U.S. inflation figures for further guidance on the Federal Reserve’s interest-rate outlook. Markets were also closely watching developments around efforts to reopen the Strait of Hormuz. At 03:22 ET (07:22 GMT), XAU/USD was up 0.7% at $4,400.02 an…
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U.S. CPI in focus as CoreWeave surges on AI demand and Hormuz traffic falls: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved higher ahead of closely watched July inflation figures, with investors looking for clues about how the data could influence Federal Reserve interest rate decisions over the coming months. CoreWeave (NASDAQ:CRWV) shares surged after booming artificial intelligence demand drove another sharp increase in revenue, although the cloud-computing company’s heavy capital spending remained…
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IEA lowers 2026 oil supply outlook as Hormuz remains closed
The International Energy Agency has reduced its forecast for global oil supply in 2026 as renewed Middle East hostilities and the continued inability to reopen critical shipping routes intensify concerns over a widening market deficit. According to the agency’s latest monthly oil market report, global supply is expected to decline by 4.3 million barrels per…
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Wall Street Pulls Back From Records as Oil Jumps and Inflation Data Looms
Stocks retreated from recent highs on Tuesday as investors turned cautious ahead of key inflation data due later this week and watched a fresh climb in oil prices tied to rising Middle East tensions. All three major indexes finished lower, with the tech-heavy Nasdaq bearing the brunt of the selling as traders trimmed exposure to…
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4 Stocks to Watch Ahead of the Critical CPI Report
Investors are gearing up for Wednesday’s Consumer Price Index (CPI) release, a report that could significantly influence expectations surrounding the Federal Reserve’s next policy decision. Recent economic data has created uncertainty about the direction of interest rates. A weaker-than-expected July employment report reduced concerns that the Fed might tighten policy in the near term. However,…
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Curaleaf sets sights on Aurora Cannabis
In a strategic bid to forge a global cannabis powerhouse, Curaleaf Holdings (TSX:CURA) unveiled its intention to launch a takeover bid for Aurora Cannabis (TSX/NASDAQ:ACB). The proposed offer values Aurora at US$4 per share —reflecting a 45% premium over its 30-day volume-weighted average price (VWAP)— with potential upside capped at US$5 per share (an 82%…
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HydroGraph Opens Texas Headquarters as 360-Ton Graphene Manufacturing Expansion Advances
HydroGraph is expanding its U.S. production footprint with an Austin headquarters capable of producing up to 30 tons of pristine graphene annually and a larger Bellville facility expected to begin operations in 2027. Key Investor Takeaways Why HGRAF Stock Is in Focus HydroGraph has completed the opening of its Texas headquarters as it advances a…
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Anavex Life Sciences Faces September Board Vote as Blarcamesine Regulatory Strategy Advances
Anavex is asking shareholders to re-elect its six nominees at the September 24 annual meeting as activist investor PVG seeks board control during a leadership transition and a critical period for the company’s CNS pipeline. Key Investor Takeaways Why AVXL Stock Is in Focus Anavex Life Sciences is heading toward a contested September shareholder vote…