Category: Top Story
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Broadcom Shares Slip as Q4 Revenue Forecast Falls Below Estimates
Broadcom (NASDAQ:AVGO) shares fell nearly 2% in premarket trading on Thursday after the company forecast fourth-quarter revenue below Wall Street estimates, while CEO Hock Tan outlined revenue projections for fiscal 2027 and 2028 during the company’s earnings call. Broadcom expects fourth-quarter revenue of approximately $34.8 billion, compared with analysts’ average estimate of $35.05 billion. The…
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US Futures Steady as Oil Prices Ease and Markets Assess Broadcom Outlook: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures were broadly unchanged as investors assessed developments in the US-Iran conflict, the interest-rate outlook and corporate updates ahead of Friday’s US labour market report. By 03:50 ET, S&P 500 Futures were unchanged at 7,671.1 points. Nasdaq 100 Futures were also little changed at 29,211.25, while Dow Jones Futures stood at 53,195. The…
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Wall Street Snaps Three-Day Slide as Bond Yields Take a Breather
U.S. stocks bounced back on Wednesday, ending a three-day losing streak as a relentless run-up in Treasury yields finally paused and gave buyers room to step back in. All three major indexes finished modestly higher, with the Dow reclaiming the 53,000 mark, as investors weighed cooler bond-market pressure against still-elevated oil prices and lingering geopolitical…
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Markets in Motion: September seasonality puts S&P 500 and small caps in focus
Bruce Campbell examines September seasonality, gold, Russell 2000 risk and volatility signals as investors prepare for the fall.
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U.S. Stock Futures Trade Flat as Markets Assess Middle East Conflict and Economic Data: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures were broadly unchanged on Wednesday, pointing to a relatively flat open following declines across the major averages in recent sessions. Crude oil prices and Treasury yields pulled back from recent highs, while investors continued to assess developments in the Middle East and awaited Friday’s U.S. employment report. Iran launched missile and…
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Uber Shares Rise 2.4% as Company Plans 3,300 Job Cuts in Restructuring
Uber Technologies (NYSE:UBER) shares rose 2.4% on Wednesday morning following a Bloomberg report that the company plans to eliminate approximately 3,300 positions, representing about 10% of its global workforce, as part of an organizational restructuring. The changes are intended to reduce management layers and simplify the company’s organizational structure, according to the report. A company…
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Chevron Plans More Than $7 Billion Venezuela Investment Under Updated Joint Venture Terms
Chevron (NYSE:CVX) said Wednesday it had agreed updated terms for its joint ventures in Venezuela and plans to invest more than $7 billion in the country over the next five years. The company said the investment is intended to support an increase in production to approximately 600,000 barrels per day. Chevron signed multiple agreements establishing…
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NurExone Biologic progresses towards a new regenerative therapy and sets sights on a potential NASDAQ listing
Can exosomes become both the foundation of a new regenerative therapy and a commercial business in their own right? Hello, I’m Ricki Lee, and this is another episode of The Capital Compass. Today, we’re checking back in with NurExone Biologic (USOTC:NRXBF) (TSXV:NRX), a biotech company developing exosome-based therapies for central nervous system injuries. Alongside its…
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GitLab Shares Jump 23% Premarket After Q2 Revenue Rises 21%
GitLab shares rose more than 23% in premarket trading on Wednesday after the company reported fiscal second-quarter 2027 revenue growth of 21% and provided an update on demand for its software development and security platform. Revenue for the quarter ended July 31 increased to $286.3 million from $236.0 million in the corresponding period a year…
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Dell Shares Rise 10% Premarket After AI Server Demand Supports Guidance Increase
Dell Technologies (NYSE:DELL) shares gained about 10% in premarket trading on Wednesday after the company reported fiscal second-quarter 2027 adjusted earnings and revenue above analyst estimates and raised its full-year guidance. As of 04:12 ET, Dell shares were up approximately 10%. The company reported adjusted earnings of $7.04 per share on revenue of $46.97 billion…