Category: Top Story
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Robinhood shares climb as crypto regulation hopes boost investor sentiment
Robinhood (NASDAQ:HOOD) shares rose nearly 4.9% in pre-market trading on Friday as renewed optimism over US cryptocurrency regulation fuelled buying across digital asset-related stocks. The latest catalyst came after President Donald Trump publicly urged Congress to approve the Clarity Act, proposed legislation designed to establish a clearer regulatory framework for digital assets, including the classification…
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Crypto stocks extend rally as Bitcoin jumps on US regulatory momentum
Cryptocurrency-linked shares continued their advance on Friday as Bitcoin (COIN:BTCUSD) climbed to its highest levels since late May, supported by renewed optimism over US digital asset regulation and improving appetite for risk. The latest gains followed President Donald Trump’s call for lawmakers to establish clearer rules for the cryptocurrency industry, adding regulatory momentum to a…
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US futures edge higher ahead of PMI data as Iran sanctions and oil remain in focus: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved modestly higher on Friday as investors awaited fresh business activity data while continuing to assess renewed pressure in bond markets, corporate earnings and Washington’s plans to impose sweeping sanctions on Iran. Discount retailer Ross Stores (NASDAQ:ROST) was also in focus after raising its full-year earnings guidance following stronger-than-expected second-quarter results. US…
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Rising Yields and Surging Oil Send Stocks Lower as Walmart Slides 9%
US stocks retreated on Thursday as a rebound in bond yields and a fresh climb in oil prices rattled investors and pulled all three major indexes lower. The selling picked up after the US Treasury’s surprise market intervention earlier in the week proved short-lived, allowing long-term yields to push back toward multi-decade highs. Adding to…
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Micron unveils $10 billion U.S. research lab focused on memory and AI
Micron Technology (NASDAQ:MU) has announced the creation of Micron Research Labs, a new U.S.-based research institution backed by a planned $10 billion investment over the next decade. Headquartered in Boise, Idaho, the initiative will concentrate on next-generation memory technologies, advanced memory and computing architectures, semiconductor packaging and manufacturing. Micron describes the project as the first…
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Wall Street set for lower open as surging oil prices revive inflation concerns: Dow Jones, S&P, Nasdaq, Futures
U.S. stocks were poised to open lower on Thursday, threatening to reverse part of the previous session’s modest rebound as a sharp rise in crude oil prices renewed concerns about the economic consequences of the continuing conflict in the Middle East. U.S. crude futures surged more than 3% to their highest level in almost a…
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Bernstein upgrades Analog Devices after Q3 beat strengthens growth outlook
Bernstein upgraded Analog Devices (NASDAQ:ADI) to Outperform from Market Perform and raised its price target to $465 from $430 after the semiconductor group delivered stronger-than-expected fiscal third-quarter results and issued an upbeat outlook for the fourth quarter. Analog Devices reported quarterly revenue of $4.022 billion, ahead of Wall Street expectations of $3.922 billion, while earnings…
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CoreWeave signs multi-year AI infrastructure agreement with Hudson River Trading
CoreWeave, Inc. (NASDAQ:CRWV) has entered into a multi-year agreement with quantitative trading firm Hudson River Trading (HRT) to supply cloud computing infrastructure for its artificial intelligence research and model development activities. The partnership will give HRT access to CoreWeave’s specialised AI cloud platform as the trading firm expands its use of machine learning and large-scale…
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Meta emerges as major Microsoft Azure AI customer
Meta Platforms Inc. (NASDAQ:META) has become one of Microsoft Corp.’s (NASDAQ:MSFT) largest customers for artificial intelligence services, according to a Bloomberg News report, highlighting the substantial infrastructure spending required to support the technology sector’s AI expansion. The Facebook and Instagram parent is reportedly spending hundreds of millions of dollars each year to access artificial intelligence…
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Walmart shares slide as slower U.S. comparable sales overshadow earnings beat
Walmart Inc. (NASDAQ:WMT) shares fell around 6% in premarket trading on Thursday after the retail giant reported stronger-than-expected second-quarter earnings and revenue, but disappointed investors with weaker comparable sales growth at its U.S. stores. Adjusted earnings came in at $0.81 per share, beating the analyst consensus of $0.74 by $0.07. Revenue increased 5.9% year on…