Category: Top Story
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JPMorgan Says Profit Margins and Balance Sheets Could Help Equities Absorb Higher Yields
JPMorgan strategists said global equities could absorb the recent increase in bond yields, pointing to corporate profit margins, balance-sheet leverage and broader earnings growth as factors supporting their assessment. The rise in Brent crude above $100 over the past two weeks has coincided with higher bond yields, including the U.S. 10-year Treasury yield approaching 5%.…
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Wall Street Closes Higher as AI Dealmaking Offsets Rising Bond Yields
U.S. stocks closed higher on Friday, with all three major indexes posting gains as a fresh wave of artificial intelligence dealmaking helped investors look past a bond market that continues to send borrowing costs to multi-year highs. The advance capped a positive week for Wall Street even as the 10-year Treasury yield hovered near its…
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Bank of America Cuts 2027 Luxury Forecast as Q3 Demand Growth Slows
Bank of America has reduced its 2027 forecast for the global luxury sector after industry data tracked by the bank indicated that demand growth slowed during the third quarter to date compared with the previous three months. According to the bank, global luxury demand decelerated by between 2 and 3 percentage points in the third…
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U.S. Index Futures Rise as Oil Prices Drop on Iran Peace Proposal: Dow Jones, S&P and Nasdaq Futures
U.S. stock futures point higher as crude oil tumbles over 2% following reports of an Iranian proposal to end the Middle East conflict and reopen the Strait of Hormuz. Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside after recovering…
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Tesla Begins High-Volume Semi Production at Nevada Factory, Musk Says
Tesla Inc (NASDAQ:TSLA) has begun “high volume production” of its electric Semi truck at a new factory in Nevada, chief executive Elon Musk said on Thursday, with the company targeting annual production of 50,000 units. Tesla formally inaugurated the facility in Sparks, Nevada, at an event on Thursday evening. Production began at the site in…
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Musk Says Colossus 2 Plans to Add Nvidia AI Chips by End of 2026
Elon Musk said SpaceXAI (NASDAQ:SPCX) plans to increase the number of advanced Nvidia (NASDAQ:NVDA) artificial intelligence chips used at its Colossus 2 data centre in Memphis, Tennessee, by the end of 2026. In a post on X early Friday, Musk said the facility has used 110,000 Nvidia GB200 chips and 440,000 GB300 chips. Musk, chief…
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Costco Q4 Revenue Reaches $95.7 Billion as Digital Sales Rise 19.5%
Costco Wholesale Corporation (NASDAQ:COST) reported fiscal fourth-quarter earnings and revenue above analyst estimates, with higher comparable sales and growth in digitally enabled transactions. The warehouse retailer reported earnings per share of $6.75 for the quarter, compared with the consensus estimate of $6.55. Revenue reached $95.7 billion, exceeding the analyst estimate of $94.85 billion. Net sales…
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US Stock Futures Rise as Treasury Yields Remain Elevated; Costco Reports Higher Quarterly Sales: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved higher on Friday as investors assessed elevated Treasury yields, developments in oil markets and quarterly results from Costco (NASDAQ:COST). At 03:12 ET, Dow futures were up 63 points, or 0.1%, while S&P 500 futures gained 11 points, or 0.1%. Nasdaq 100 futures rose 126 points, or 0.4%. The moves followed a…
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Wall Street Closes Narrowly Mixed as Treasury Yields Hit Near 19-Year Highs
U.S. stocks finished a choppy Thursday session little changed, with the Dow Jones Industrial Average slipping while the S&P 500 and Nasdaq Composite held roughly flat. Equities spent the morning under pressure as Treasury yields surged to their highest levels since 2007, but selling eased in the afternoon after reports that U.S. and Iranian negotiators…
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Meta Unveils Muse Charm Handheld Device and Expands AI Agent Features
Meta Platforms Inc (NASDAQ:META) unveiled a handheld device designed specifically for its Muse artificial intelligence agent, alongside new smart glasses and additional features for the AI platform at its Meta Connect 2026 event. Chief Executive Mark Zuckerberg introduced the products during the opening keynote at the event in Menlo Park, California. The new handheld device,…