Category: Top Story
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Meta reveals four new in-house AI chips to support data center expansion
Meta Platforms (NASDAQ:META) on Wednesday introduced four internally developed chips designed to handle artificial intelligence workloads as part of its broader data center growth strategy. The processors belong to the company’s Meta Training and Inference Accelerator (MTIA) family, first introduced in 2023 and followed by a second-generation model in 2024. Meta said it plans to…
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Campbell Soup shares fall after earnings miss and lowered outlook
Campbell Soup Company (NASDAQ:CPB) shares dropped more than 5% in premarket trading Wednesday after the company reported fiscal second-quarter 2026 results that came in below expectations and cut its full-year guidance. The food producer reported earnings per share of $0.51 for the quarter, missing analyst forecasts of $0.57. Revenue totaled $2.6 billion, slightly under the…
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Nike shares climb after Barclays upgrades stock to Overweight
Nike Inc. (NYSE:NKE) rose about 2% on Wednesday after Barclays upgraded the sportswear giant to Overweight from Equalweight and lifted its price target to $73 from $64. Barclays analyst Adrienne Yih said the upgrade reflects recent operational improvements, financial turning points and management’s disciplined execution. “While acknowledging ongoing risks, we believe the risk/reward profile has…
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Eli Lilly plans $3 billion China investment, files for approval of new GLP-1 treatment
Eli Lilly and Company (NYSE:LLY) said it intends to invest about $3 billion in China over the next ten years to expand manufacturing capacity for its experimental treatment for type 2 diabetes and obesity, orforglipron. The pharmaceutical group also confirmed that it submitted a marketing application for the drug to China’s medicines regulator at the…
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Target cuts prices on 3,000 spring products across apparel, home and essentials
Target Corporation (NYSE:TGT) said it is lowering prices on more than 3,000 items this spring across categories including clothing, home goods, baby products and selected food and beverage items. The reductions, ranging from roughly 5% to 20% off original prices, began in March and will remain in effect throughout the spring season. Discounted items include…
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Oil Price Rebound Could Put Pressure on Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures pointed to a slightly lower opening on Wednesday, suggesting equities may retreat after ending the previous session with mixed and largely directionless trading. A renewed rise in crude oil prices could weigh on investor sentiment. Oil for April delivery surged nearly 4% after plunging close to 12% during Tuesday’s trading session.…
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Oracle Shares Jump After Earnings Beat and Higher Revenue Outlook
Oracle Corporation (NYSE:ORCL) reported quarterly results on Tuesday that exceeded analysts’ expectations for both revenue and profit, driven by continued strong expansion in its cloud computing business. The company also lifted its fiscal 2027 revenue forecast, pushing its shares roughly 10% higher in premarket trading on Wednesday. The Austin, Texas-based technology group has increasingly focused…
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Markets Watch Oil Volatility, Middle East Conflict and CPI Data; Oracle Lifts Outlook: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded slightly below the flatline on Wednesday as investors monitored the uncertain trajectory of the conflict in the Middle East. Oil prices swung following reports that the International Energy Agency could release a record volume of emergency reserves, while markets also awaited key U.S. inflation data later in the day. Meanwhile, Oracle…
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U.S. Stocks Finish Choppy Trading Day Little Changed
After recovering from an early sell-off to end Monday’s session mostly higher, stocks showed a lack of direction over the course of the trading day on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Nasdaq inched up…
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IBM and Lam Research Team Up to Advance Sub-1nm Chip Technology
IBM (NYSE:IBM) and Lam Research Corp. (NASDAQ:LRCX) have announced a five-year partnership focused on developing next-generation semiconductor processes and materials for logic scaling below the 1-nanometer threshold. The collaboration will concentrate on creating new materials, fabrication techniques and High NA EUV lithography processes aimed at advancing IBM’s long-term logic scaling roadmap. The joint effort will…