Category: Top Story
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Roku Shares Fall Despite Q3 Profit Beat as Slower Growth Outlook Weighs on Sentiment
Roku Inc. (NASDAQ:ROKU) shares dropped 6% in premarket trading Friday, as investors focused on the company’s softer revenue growth forecast, overshadowing its stronger-than-expected third-quarter results and first quarterly operating profit since 2021. The streaming platform reported adjusted earnings per share of $0.16, surpassing analyst estimates of $0.09, while revenue reached $1.21 billion, in line with…
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Portland General Electric Shares Climb After Beating Q3 Profit Expectations
Portland General Electric Company (NYSE:POR) saw its shares rise 3.82% in premarket trading Friday after reporting third-quarter adjusted earnings that came in above Wall Street forecasts, even as revenue narrowly missed estimates. The Oregon-based utility posted adjusted earnings of $1.00 per diluted share for the third quarter of 2025, topping the analyst consensus of $0.98.…
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Apple Shares Rise as Tim Cook Predicts Record Holiday Quarter on Strong iPhone 17 Demand
Apple Inc. (NASDAQ:AAPL) shares climbed more than 2% in U.S. premarket trading Friday after CEO Tim Cook said robust iPhone 17 sales are expected to drive double-digit revenue growth in the current quarter — setting the stage for what he called potentially the company’s “best ever” holiday season. The optimistic outlook followed Apple’s fiscal fourth-quarter…
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Reddit Shares Surge After Crushing Q3 Estimates and Issuing Strong Outlook
Reddit Inc. (NYSE:RDDT) soared more than 12% in premarket trading Friday after the social media company delivered quarterly results that far exceeded Wall Street expectations and issued a confident outlook for the coming quarter. The company posted impressive revenue growth and a sharp improvement in profitability, driven by higher engagement and stronger monetization efforts. Adjusted…
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Amazon Shares Jump After Earnings Beat Driven by AWS Rebound and AI Momentum
Amazon.com Inc. (NASDAQ:AMZN) surged more than 12% in premarket trading Friday after posting quarterly results that topped Wall Street expectations, fueled by a rebound in its cloud computing unit and accelerating demand for artificial intelligence services. For the third quarter, Amazon reported earnings per share of $1.95, exceeding analysts’ forecasts of $1.56, while revenue climbed…
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NVIDIA Joins Forces with South Korea to Power AI Expansion with 260,000 GPUs
NVIDIA Corporation (NASDAQ:NVDA) has announced a sweeping collaboration with the South Korean government and leading industrial players to strengthen the country’s artificial intelligence (AI) capabilities through the deployment of more than 260,000 NVIDIA GPUs across national cloud systems and AI factories. South Korea’s Ministry of Science and ICT is spearheading the initiative with an investment…
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Gold Slips Toward Second Weekly Loss as Fed Signals Caution and Trade Hopes Lift Risk Appetite
Gold prices moved lower in Asian trading on Friday, extending losses for a second consecutive week, as the Federal Reserve’s cautious stance on further rate cuts and renewed optimism around U.S.-China trade relations curbed demand for the safe-haven asset. By 01:49 ET (05:49 GMT), spot gold had fallen 0.4% to $4,008.65 per ounce, partially reversing…
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Oil Slips Toward Third Monthly Drop as Strong Dollar and Rising Output Pressure Market
Oil prices fell on Friday, heading for a third straight monthly decline, as a firm U.S. dollar and disappointing Chinese data weighed on sentiment. Continued output growth from major producers also offset the impact of Western sanctions that have disrupted Russian crude flows. By 07:44 GMT, Brent crude futures eased 12 cents, or 0.18%, to…
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Dollar Holds Ground After Powell’s Hawkish Tone; Euro Edges Higher Post-ECB
The U.S. dollar traded slightly higher on Friday, maintaining its strength after Federal Reserve Chair Jerome Powell’s latest remarks dampened hopes for another imminent rate cut. The euro also firmed, supported by the European Central Bank’s steady policy stance. At 05:10 ET (09:10 GMT), the Dollar Index, which measures the greenback’s value against six major…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Lifted by Amazon and Apple Earnings as China’s Factory Activity Weakens
U.S. stock futures ticked higher on Friday, signaling a positive finish to October as investors welcomed upbeat earnings from Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL). Meanwhile, Nvidia (NASDAQ:NVDA) unveiled a major AI chip deal with South Korea, and fresh data showed that China’s factory activity contracted more sharply than expected. U.S. futures edge higher At 02:20…