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Walmart shares slip after cautious outlook overshadows revenue beat (WMT)
Walmart (NASDAQ:WMT) shares fell 2% in premarket trading after the retail giant reported first-quarter revenue ahead of analyst expectations but issued earnings guidance that came in below Wall Street forecasts. The company generated revenue of US$177.8 billion during the quarter, surpassing analyst estimates of US$174.83 billion and rising 7.3% compared with the prior year. Adjusted…
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AT&T launches flexible wireless plan with pricing starting at $15 per month (T)
AT&T (NYSE:T) announced the introduction of Build-A-Plan, a new wireless offering that allows customers to customise their mobile service each month according to their usage needs and budget preferences. The service will launch on May 27 with pricing starting at US$15 per month, excluding taxes and additional fees. Under the new structure, customers can add…
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Eli Lilly shares rise after strong late-stage obesity drug trial results (LLY)
Eli Lilly (NYSE:LLY) shares gained around 2% in premarket trading on Thursday after the company released positive late-stage clinical trial results for its experimental obesity treatment retatrutide. The study showed that patients diagnosed with obesity lost an average of 28.3% of their body weight over an 80-week period when treated with the highest 12-milligram dose…
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Advance Auto Parts shares slide despite earnings beat as outlook disappoints investors (AAP)
Advance Auto Parts (NYSE:AAP) shares fell 5.8% after the company reported first-quarter results ahead of analyst expectations but maintained a full-year earnings outlook that came in below Wall Street forecasts. The automotive parts retailer posted adjusted earnings per share of US$0.77 for the quarter, exceeding analyst estimates of US$0.43 by US$0.34. Revenue totaled US$2.6 billion,…
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Rocket Lab shares slide after company unveils potential $3 billion stock sale programme (RKLB)
Rocket Lab (NASDAQ:RKLB) shares dropped 6.6% on Thursday after the company disclosed plans for a large-scale equity offering programme that could raise up to US$3 billion through future share sales. In a filing submitted to the SEC on May 20, 2026, Rocket Lab said it had entered into an equity distribution agreement with 16 financial…
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Advanced Drainage Systems tops forecasts despite cautious demand outlook (WMS)
Advanced Drainage Systems (NYSE:WMS) reported fourth-quarter results ahead of analyst expectations, although shares fell 3.4% after management struck a cautious tone regarding future demand conditions. The water infrastructure and drainage products group posted adjusted earnings per share of US$1.07 for the quarter ended March 31, beating analyst forecasts of US$0.95 by US$0.12. Quarterly revenue increased…
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Lightspeed Commerce shares decline after quarterly earnings miss despite revenue growth (LSPD)
Lightspeed Commerce (NYSE:LSPD) shares fell 4% in premarket trading on Thursday after the company reported fourth-quarter earnings below analyst expectations, despite delivering stronger-than-expected revenue growth. The omnichannel commerce platform provider posted adjusted earnings per share of US$0.10 for the quarter ended March 31, missing the analyst consensus estimate of US$0.11 by one cent. Quarterly revenue…
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Microsoft and EY launch $1 billion AI partnership to accelerate enterprise adoption (MSFT)
Microsoft (NASDAQ:MSFT) and EY announced on Thursday a strategic partnership valued at more than US$1 billion aimed at helping corporate clients move artificial intelligence initiatives from experimental pilot programmes into large-scale deployment. According to a statement released by the companies, the collaboration will initially focus on AI implementation across finance, tax, human resources and supply…
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Quantum Computing Gets Washington’s Backing, and the Sector’s Next Wave May Extend Beyond Hardware
The Trump administration’s reported decision to award $2 billion in grants to leading quantum-computing companies marks one of the strongest signals yet that quantum technology has moved from experimental science into the realm of national strategic infrastructure. According to a Reuters report citing the Wall Street Journal, the U.S. Department of Commerce is expected to…
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AMD begins ramp-up of next-generation EPYC chips using TSMC’s 2nm technology (AMD)
Advanced Micro Devices (NASDAQ:AMD) announced that it has started ramping production of its sixth-generation AMD EPYC processors, known by the codename “Venice,” using Taiwan Semiconductor Manufacturing Company’s 2-nanometer manufacturing process. AMD said the launch makes Venice the first high-performance computing processor in the industry to enter production using TSMC’s advanced 2nm process technology. Initial production…