Category: Include on Menu
-
AMD Shares Jump as U.S. Clears MI308 Chip Exports to China
Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) climbed 5% in premarket trading Tuesday after the chipmaker received clearance from the U.S. government to resume exports of its MI308 artificial intelligence chips to China, according to a report from Bloomberg. An AMD spokesperson confirmed to Bloomberg that the U.S. Commerce Department notified the company that its…
-
Uber Shares Edge Higher After Striking Global Autonomous Vehicle Deal with Baidu
Uber Technologies Inc. (NYSE:UBER) saw its shares rise 1% in premarket trading on Tuesday after revealing a long-term strategic collaboration with Chinese tech heavyweight Baidu Inc. (NASDAQ:BIDU) to bring self-driving taxis to Uber’s platform in select international markets. The partnership will integrate thousands of Baidu’s Apollo Go autonomous vehicles into Uber’s ride-hailing ecosystem across various…
-
Longevity Health Shares Skyrocket After All-Stock Merger with THPlasma
Shares of Longevity Health Holdings Inc. (NASDAQ:XAGE) soared 155% on Tuesday after the company announced a definitive agreement to merge with True Health Inc., the operator of THPlasma, in an all-stock deal. The acquisition of THPlasma marks Longevity Health’s latest expansion effort, following its takeovers of Carmell Therapeutics in July 2023 and Elevai Skincare in…
-
MP Materials shares jump on report of $500M Apple investment
Shares of MP Materials (NYSE:MP) surged 8% in premarket trading Tuesday after reports emerged that Apple (NASDAQ:AAPL) is preparing to invest $500 million in the U.S.-based rare earths company. The arrangement would see MP Materials supply neodymium magnets—crucial components for many Apple products—from its Fort Worth, Texas facility. In addition, Apple and MP Materials reportedly…
-
U.S. Inflation Meets Expectations in June; New York Manufacturing Rebounds Sharply
Consumer price growth in the U.S. aligned with economists’ projections in June, according to data released Tuesday by the Labor Department. The Consumer Price Index (CPI) climbed 0.3% in June, a faster pace than the 0.1% increase recorded in May. On a year-over-year basis, inflation accelerated to 2.7%, up from 2.4% the previous month and…
-
Dow Jones, S&P, Nasdaq, Stock Futures Rise as Nvidia Surges, CPI Report Offers No Surprises
U.S. equity futures pointed to early gains on Tuesday, setting the stage for a positive open as investors digested fresh inflation data and a key update from chip giant Nvidia. Nvidia (NASDAQ:NVDA) was a standout in premarket trading, jumping 4.7% after the company revealed it would “soon” resume shipments of its AI-focused H20 chips to…
-
ProKidney Shares Dip Following FDA Agreement on Rilparencel Approval Strategy
ProKidney Corp. (NASDAQ:PROK) saw its stock drop 11% in early trading before recovering somewhat to close down 3%, after announcing alignment with the U.S. Food and Drug Administration on the accelerated approval framework for its kidney disease drug, rilparencel. The North Carolina-based biotech confirmed that the FDA accepts the estimated glomerular filtration rate (eGFR) slope…
-
Critical Metals Kicks Off 2025 Drilling at Tanbreez Rare Earth Project
Critical Metals Corp (NASDAQ:CRML) has launched a 2,000-meter diamond drilling program at its Tanbreez project in Greenland, home to one of the world’s largest rare earth deposits by resource size. The company stated this phase is a key step toward advancing the mine toward commercial production, which is anticipated to start next year. The drilling…
-
CoreWeave Shares Jump Following $6 Billion AI Data Center Investment Announcement
CoreWeave (NASDAQ:CRWV) saw its stock climb 6.3% in pre-market trading after revealing plans to invest up to $6 billion in a cutting-edge AI-focused data center located in Lancaster, Pennsylvania. The initial phase involves building a 100-megawatt facility designed specifically for advanced artificial intelligence workloads, with capacity to expand to 300 megawatts. This project marks one…
-
Wells Fargo Tops Earnings and Revenue Estimates in Q2 Despite Slight Miss on Net Interest Income
Wells Fargo & Company (NYSE:WFC) reported second-quarter results that surpassed analyst expectations on both earnings and revenue, though its net interest income (NII) came in just below forecasts, causing shares to dip slightly in early trading Tuesday. The bank posted earnings of $1.60 per share, beating the consensus estimate of $1.40. Revenue totaled $20.82 billion,…