Category: Top Story
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Amazon’s Global Data Center Network Surpasses 900 Sites, Far Exceeding Previous Estimates
Amazon.com Inc. (NASDAQ:AMZN) operates a far larger cloud infrastructure than widely assumed, with Amazon Web Services (AWS) running more than 900 facilities in over 50 countries, according to a Bloomberg report on Monday based on internal documents and findings from investigative outlet SourceMaterial. Although AWS is best known for its sprawling data center campuses in…
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Five Market Themes to Watch in the Week Ahead
The coming week will be shaped by a heavy slate of delayed U.S. economic data releases, a midweek Thanksgiving pause in trading, renewed attention on peace talks between the U.S. and Ukraine, and the U.K.’s closely watched Autumn Budget. Here are the key developments investors will be monitoring: 1. U.S. Retail Sales Take Center Stage…
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Dow Jones, S&P, Nasdaq, Wall Street, Futures Edge Higher as Markets Track Fed Rate Path and Ukraine Peace Efforts
U.S. equity futures crept upward on Monday, with investors fixated on the Federal Reserve’s upcoming policy decision and the latest developments in U.S.–Ukraine talks over a possible peace framework with Russia. Oil prices eased, while earnings from Agilent (NYSE:A) and reports of Lenovo stockpiling memory chips underscored ongoing tensions in AI-driven supply chains. Futures Tick…
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iPhone 17 lead times stay elevated as strong demand outpaces supply: JPMorgan
Apple’s (NASDAQ:AAPL) iPhone 17 range continues to experience unusually long wait times, with JPMorgan noting that consumer demand is still running ahead of available supply as the latest product cycle unfolds. In its Week 10 Apple Product Availability Tracker, analyst Samik Chatterjee reported that delivery estimates across the lineup “remained unchanged, modestly better than a…
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AI Rally Still Has Room to Run: UBS
Despite a recent pullback in tech shares and growing investor caution, UBS remains upbeat about the prospects for artificial intelligence, arguing that ongoing AI-driven innovation should continue to propel global equity markets over the coming months. The bank’s optimism is rooted in strong investment-spending forecasts. UBS projects that global AI expenditure will reach €571 billion…
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Ford shares slip after another fire hits key aluminum supplier
Ford Motor Company (NYSE:F) shares edged down 0.7% on Thursday, underperforming a broadly stronger market, after reports surfaced of yet another fire at a Novelis aluminum plant that supplies the automaker. The latest incident—a four-alarm blaze—erupted Thursday morning at Novelis’ Oswego, NY facility, which manufactures aluminum sheet used in Ford’s truck lineup, including the all-electric…
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IBM shares climb after unveiling quantum networking partnership with Cisco
IBM (NYSE:IBM) saw its stock rise 1.5% on Thursday after revealing a new strategic partnership with Cisco (NASDAQ:CSCO) aimed at building a next-generation network linking large-scale, fault-tolerant quantum computers. Cisco shares also advanced, adding 0.75% following the announcement. Under the agreement, the two companies will combine IBM’s quantum hardware and research leadership with Cisco’s deep…
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Walmart stock slips even as earnings top forecasts and guidance improves
Walmart Inc. (NYSE:WMT) posted stronger-than-expected third-quarter results on Wednesday, yet its shares still retreated 2.1% in the wake of the announcement. The retail giant recorded adjusted earnings of $0.62 per share, ahead of the $0.60 analysts were looking for. Revenue also surpassed expectations, coming in at $179.5 billion versus the consensus estimate of $177.45 billion.…
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Warner Music Group climbs 3% after posting record quarterly sales and expanding market share
Warner Music Group Corp. (NASDAQ:WMG) advanced nearly 3% in premarket trading on Thursday after the company unveiled quarterly revenue that hit an all-time high and surpassed Wall Street expectations, even as earnings fell short. The entertainment group reported fourth-quarter revenue of $1.87 billion, well above the $1.68 billion analysts had projected. Sales rose 15% year…
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Dow Jones, S&P, Nasdaq, Futures, Upbeat Nvidia Results Set the Stage for an Early Wall Street Rally
U.S. stock futures point to a sharply higher open on Thursday, signaling that equities may extend the momentum built in the prior session. The renewed strength comes as investors enthusiastically respond to long-awaited quarterly results from market heavyweight and AI standard-bearer Nvidia (NASDAQ:NVDA). Nvidia shares are up 5.1 percent in premarket trade after the chipmaker…