Category: Top Story
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US Futures Mixed as Micron Outlook and Nike Results Take Focus: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures were mixed on Thursday ahead of the first trading session of the fourth quarter, with investors assessing higher Treasury yields, Micron’s (NASDAQ:MU) latest outlook and upcoming economic data. At 03:34 ET (07:34 GMT), Dow futures were down 219 points, or 0.4%, while S&P 500 futures gained 4 points, or 0.1%. Nasdaq 100…
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Wall Street Fades After Cooler Inflation Reading as Dow and S&P 500 Post September Losses
U.S. stocks finished mixed on Wednesday after an early rally on softer inflation data lost steam. The Dow Jones Industrial Average and S&P 500 closed lower and ended September with monthly losses, while the Nasdaq Composite held a modest gain. Investors weighed a cooler-than-expected inflation report against rising Treasury yields and higher oil prices, with…
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Synopsys and Amazon Sign Multi-Year Silicon IP Agreement Valued at More Than $1 Billion
Synopsys, Inc. (NASDAQ:SNPS) announced a multi-year agreement with Amazon (NASDAQ:AMZN) valued at more than $1 billion, covering silicon intellectual property and engineering software for Amazon’s custom chip development. Under the agreement, Amazon will become the lead customer for Synopsys’ application-optimized silicon IP business. The arrangement expands a collaboration between the companies that has lasted for…
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U.S. Stock Futures Rise After PCE Inflation Comes in Below Expectations: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures pointed to a higher open on Wednesday after August inflation data showed consumer prices increased by less than economists had expected. The move in futures followed a Commerce Department report showing the personal consumption expenditures (PCE) price index increased 0.3% month on month in August, following a revised 0.1% rise in…
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Robinhood Introduces AI Tools, Perpetual Futures and 24/7 Equity Trading
Robinhood Markets (NASDAQ:HOOD) introduced a series of new products for active traders at its annual Summit event, including artificial intelligence tools, perpetual futures and expanded round-the-clock equity trading. Deutsche Bank maintained its Buy rating and $134 price target on Robinhood following the company’s “Engines of Creation” event, which was held on Monday and Tuesday. Chief…
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Apple iPhone 18 Pro China Launch-Week Sales Rise 12%, Counterpoint Says
Apple’s (NASDAQ:AAPL) iPhone 18 Pro series recorded a 12% year-on-year increase in China sales during its first week of availability, helping the company take the largest share of the country’s smartphone market, according to Counterpoint Research. Apple accounted for 33% of smartphone sales in China during Week 38, covering September 14 to September 20, despite…
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Boeing Wins $20 Billion U.S. Navy Next-Generation Fighter Development Contract
Boeing (NYSE:BA) has been selected to develop the U.S. Navy’s next-generation stealth fighter under a contract valued at $20 billion, giving the company its second major sixth-generation fighter programme following its selection for the U.S. Air Force’s F-47. The Pentagon announced the F/A-XX decision on Tuesday, with Boeing selected ahead of Northrop Grumman (NYSE:NOC). The…
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Truist Assesses Potential Impact of Meta Muse AI Agent on Online Travel Agencies
Meta Platforms’ (NASDAQ:META) newly launched Muse artificial intelligence agent has increased investor attention on online travel agencies because of the application’s ability to book travel, according to analysts at Truist. The brokerage said previously launched large language models appeared to have had a limited effect on online travel agencies’ share of bookings. However, Truist said…
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Grid Metals: Unlocking a New Cesium Opportunity at Falcon West
Grid Metals CEO Robin Dunbar discusses Falcon West, its emerging cesium resource and the company’s critical minerals strategy in Manitoba. Ricki: Cesium is one of the world’s rarest critical metals, and chances are it’s probably not one that’s been on many investors’ watch lists. Hello, I’m Ricki Lee, and this is the Capital Compass. Today,…
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U.S. Futures Rise Ahead of PCE Inflation Data as Markets Monitor Oil and Diesel Export Talks: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures moved higher on Wednesday as investors awaited a key inflation reading closely monitored by the Federal Reserve, while also assessing developments in oil markets, reports of possible U.S. diesel export restrictions and economic data from China. The August personal consumption expenditures price index is expected to indicate that inflationary pressures remained…