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Robinhood Beats Q3 Estimates as Crypto Trading Surges; CFO to Step Down
Robinhood (NASDAQ:HOOD) delivered stronger-than-expected third-quarter results on Wednesday, powered by a sharp rise in cryptocurrency trading revenue, while also highlighting growing momentum in its prediction markets business. The announcement came alongside news that Chief Financial Officer Jason Warnick will retire next year. Warnick will step down as CFO in the first quarter of 2026 and…
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Arm Shares Surge on Strong Quarter and Robust Licensing Growth
Arm Holdings ADR (NASDAQ: ARM) shares surged 6% in premarket trading Thursday after the chip design company reported quarterly results that beat expectations and issued an optimistic outlook, supported by strong licensing activity and rising royalty income. The company’s results underscored accelerating momentum in advanced chip designs and growing customer investment in next-generation AI and…
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Google Reportedly in Preliminary Talks to Boost Its Investment in Anthropic
Alphabet’s (NASDAQ:GOOGL) Google has entered preliminary discussions to increase its stake in artificial intelligence startup Anthropic, Business Insider reported Thursday, citing sources familiar with the talks. The potential agreement could value Anthropic at more than $350 billion and may take several possible forms — including a new strategic investment tied to expanded cloud service usage,…
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Oil Prices Inch Higher as Supply Jitters Fade, but Demand Concerns Persist
Oil prices ticked up on Thursday, finding some relief after hitting two-week lows in the previous session, as fears of a supply glut moderated despite ongoing signs of weak demand. At 07:53 GMT, Brent crude futures were up 24 cents, or 0.38%, at $63.76 a barrel, while U.S. West Texas Intermediate (WTI) gained 25 cents,…
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Gold Prices Stabilize as Dollar Softens; U.S. Shutdown Keeps Investors Cautious
Gold prices held steady in Asian trading on Thursday, supported by a weaker U.S. dollar and ongoing concerns about the extended U.S. government shutdown. The metal consolidated gains after rallying more than 1% in the previous session amid a broader flight to safety. Spot gold climbed 0.2% to $3,988.79 per ounce by 00:37 ET (05:37…
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Dollar Retreats from Recent Highs; Pound Strengthens Ahead of BOE Decision
The U.S. dollar drifted lower on Thursday, pausing after a sharp climb to multi-month highs earlier this week, while the British pound advanced as investors awaited the Bank of England’s latest monetary policy announcement. At 04:10 ET (09:10 GMT), the Dollar Index — which tracks the greenback against six major currencies — slipped 0.3% to…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Supreme Court Scrutiny, Tesla Vote, and Qualcomm Warning Shape Market Sentiment
U.S. stock futures edged lower early Thursday as traders weighed a combination of corporate earnings, legal developments, and central bank decisions. The Supreme Court’s questioning of the White House’s tariff authority, a crucial Tesla (NASDAQ:TSLA) shareholder vote on Elon Musk’s $1 trillion compensation plan, and Qualcomm’s warning of a potential business loss all contributed to…
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U.S. Stocks Give Back Ground In Late-Day Trading But Close Mostly Higher
Following the sell-off seen in the previous session, stocks turned in a strong performance throughout much of the trading day on Wednesday before once again coming under pressure late in the session. The major averages showed a notable pullback in the final hour of trading but managed to end the day in positive territory. The…
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NEO Battery Materials – Gamechanger for the AI Era
On the road to becoming a global battery platform E-mobility, drones, robotics, and artificial intelligence are megatrends. Billions in capital are flowing into these industries. One area is currently in the spotlight: energy storage! It ensures the stable operation of millions of applications, machines, and devices. Industry 4.0 is entering its next phase with an…
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Bitcoin Slides Below $100,000 as Valuation Fears Trigger Bear Market
Bitcoin (COIN:BTCUSD) extended losses on Wednesday, briefly dropping under the $100,000 threshold as growing concerns over overheated valuations in global markets sparked another wave of selling in risk assets, including cryptocurrencies. By 09:48 ET, the world’s largest cryptocurrency was down 1.4% to $103,030, after earlier touching an intraday low of $99,010.06 — its weakest level…