Category: Top Story

Shares of FedEx (NYSE:FDX) rose in premarket U.S. trading Friday after the Memphis-based shipping giant reported quarterly earnings that exceeded Wall Street forecasts and issued a full-year outlook aligning with analyst estimates. The company’s focus on reducing costs helped offset weak international volumes, particularly after the expiration of a tariff exemption for certain low-value products…

The U.S. dollar inched higher on Friday, supported by encouraging employment data, while the Japanese yen gained following a relatively hawkish Bank of Japan meeting. By 04:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, was up 0.2% at 97.175, recovering from earlier losses that had brought it to…

Gold prices edged up in Asian trading on Friday, extending gains for a fifth consecutive week following the U.S. Federal Reserve’s widely expected interest rate reduction earlier this week. Spot gold increased 0.2% to $3,650.14 an ounce by 02:25 ET (06:25 GMT), after reaching an all-time peak of $3,707.40 on Wednesday. U.S. December Gold Futures…

Oil prices dipped on Friday as concerns about U.S. fuel demand outweighed expectations that the Federal Reserve’s first rate cut of the year would encourage greater consumption. At 0656 GMT, Brent crude futures were down 17 cents, or 0.3%, at $67.27 a barrel, while U.S. West Texas Intermediate (WTI) futures lost 19 cents, also 0.3%,…

Microsoft (NASDAQ:MSFT) is set to construct what CEO Satya Nadella calls the world’s most powerful AI datacenter in southeastern Wisconsin, the executive announced Thursday. The facility, dubbed Fairwater, will house “a seamless cluster of hundreds of thousands of NVIDIA GB200s” linked by fiber optic cabling that, in total length, could circle the Earth 4.5 times,…

Shares in the semiconductor sector gained momentum in premarket trading Thursday after Nvidia (NASDAQ:NVDA) announced a $5 billion investment in Intel (NASDAQ:INTC) and revealed a collaboration to develop next-generation chips for PCs and data centers. Intel led the surge, climbing more than 31% to trade above $32 per share, a level not seen since July…

Intel (NASDAQ:INTC) stock skyrocketed 30% on Thursday after Nvidia (NASDAQ:NVDA) revealed it would invest $5 billion in the chipmaker as part of a strategic partnership to co-develop both data center and PC chips. The announcement comes just weeks after Intel secured backing from the U.S. government. According to Nvidia’s statement, the investment will be made…

Alphabet Inc. (NASDAQ:GOOGL) saw its shares edge higher after reports indicated that Chinese authorities have decided to terminate an antitrust investigation into Google, as Beijing and Washington intensify talks on trade, TikTok, and Nvidia (NASDAQ:NVDA), according to the Financial Times on Thursday, citing sources familiar with the matter. The probe, launched in February by China’s…