Category: Top Story
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Dow Jones, S&P, Nasdaq, Wall Street, Asian Stocks Edge Higher; U.S. Labor Worries Grow; Bitcoin Jumps Back Above $91,000
Asian equities moved mostly higher on Thursday, while European markets were steady as U.S. traders broke for the Thanksgiving holiday. A new Federal Reserve survey underscored persistent weaknesses in the American labor market, reinforcing bets that policymakers may deliver another interest rate reduction in December. Meanwhile, Chinese real estate shares fell on renewed debt concerns,…
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Nvidia Shares Bounce Back After AI Market Concerns Trigger Prior-Day Selloff
Nvidia (NASDAQ:NVDA) shares rose in early U.S. trading on Wednesday, recovering part of the steep losses suffered in the previous session as investors reassessed concerns about the chipmaker’s dominance in the fast-growing artificial intelligence hardware market. The stock advanced 2.1%, partially offsetting Tuesday’s decline. Nvidia has been one of the biggest winners of the AI…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Stocks Set to Build on Recent Gains
U.S. equity futures pointed to a slightly higher open on Wednesday, suggesting that major indexes may extend the rebound that has taken shape over the past several sessions. The recent momentum has helped the Dow, S&P 500, and Nasdaq recover sharply from the steep decline earlier in the month, with traders appearing less concerned about…
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Deere Posts Decline in Q4 Earnings as Softer Demand and Margin Pressure Weigh
Deere & Co. (NYSE:DE) reported a drop in fourth-quarter profit on Wednesday, as the agricultural equipment maker continued to feel the impact of weaker margins in its tractor and combine harvester business. The stock slid roughly 4% in premarket trading following the announcement. The company—famous for its signature green-and-yellow machinery—derives nearly half of its revenue…
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Dell Jumps in Premarket as AI Server Boom Drives Strong Outlook
Shares of Dell Technologies (NYSE:DELL) surged more than 4% in U.S. premarket trading on Wednesday after the company issued upbeat forecasts for both its current quarter and full fiscal year, bolstered by surging demand for its AI-focused server lineup. The company said it expects fourth-quarter revenue between $31 billion and $32 billion—well above the $27.59…
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Musk Says Tesla Will “Roughly Double” Its Austin Robotaxi Fleet by December
Elon Musk said on Tuesday that Tesla’s (NASDAQ:TSLA) robotaxi presence in Austin is set for a major expansion, stating the fleet should “roughly double” by December as the company accelerates its autonomous driving ambitions. His comment came in reply to a social media post urging Tesla to add more vehicles to the robotaxi program amid…
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FAA Probes Amazon After Prime Air Drone Clips Internet Cable in Texas – CNBC
Amazon (NASDAQ:AMZN) is facing a federal investigation after one of its Prime Air drones struck and cut an internet cable in Waco, Texas, according to a report from CNBC on Tuesday. The incident occurred on November 18 when the company’s MK30 delivery drone became caught on a nearby line while ascending after dropping off a…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, AI Trade Shows Signs of Fracturing; Dell Lifts Outlook; Deere Earnings on Deck – What’s Moving Markets
U.S. stock futures ticked higher early Wednesday as investors assessed shifting dynamics in the artificial intelligence trade. Dell Technologies (NYSE:DELL) lifted its full-year outlook on the back of soaring demand for AI-focused servers, while Deere & Co prepares to issue its latest quarterly numbers. Traders will also be watching for the Federal Reserve’s upcoming release…
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A tungsten miner positioned to bolster US national security
Mills grinding tungsten ore at the Sangdong mine. Source: Almonty Industries Relations between the United States and Chinese governments are currently contentious, marked by public spats to and fro, in unwavering attempts to gain the upper hand in the global industrial complex. As the world’s two largest economies, their cooperation places a great deal at stake, including unmatched consumer…
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Peloton stock rebounds after report suggests slow initial uptake of new AI-driven equipment
Peloton Interactive (NASDAQ:PTON) shares dipped about 0.5% early Tuesday but quickly rebounded after a Bloomberg report indicated that the company’s latest AI-enabled fitness products are off to a soft start. Bloomberg stated that Peloton’s new Cross Training Series has seen only limited early traction at major U.S. retail partners in the eight weeks since launch.…