Category: Top Story
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Palo Alto Networks Reports Higher Quarterly Profit as Security Revenue Grows
Palo Alto Networks (NASDAQ:PANW) reported higher fiscal fourth-quarter revenue and adjusted profit on Tuesday, alongside growth in its next-generation security business as companies increased spending on cybersecurity for AI-related operations. Fiscal fourth-quarter revenue increased 34% year over year to $3.41 billion. Adjusted profit rose to $853 million, or $1.02 per diluted share, from $673 million,…
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U.S. Futures Steady as Investors Monitor Oil Prices, Fed Data and Bond Yields: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures were little changed on Wednesday as investors awaited U.S. economic data and the Federal Reserve’s Beige Book while monitoring developments involving the United States and Iran and further increases in global government bond yields. S&P 500 Futures were flat at 7,637.5 points as of 03:20 ET, while Nasdaq 100 Futures were unchanged…
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Surging Oil and a Global Bond Sell-Off Drag Wall Street Lower to Start September
Stocks began the new month on the back foot Tuesday, as a fresh spike in oil prices and a worldwide jump in bond yields put pressure on equities. Renewed hostilities in the Strait of Hormuz sent crude above $90 a barrel, reviving inflation worries and reinforcing bets that the Federal Reserve could raise interest rates…
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Med-X targets global pest control market with Nature-Cide
Med-X CEO Matthew Mills discusses Nature-Cide, pest control partnerships, global expansion and the company’s planned Nasdaq listing.
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Duolingo shares rise 3.8% after Evercore ISI upgrade
Duolingo (NASDAQ:DUOL) shares rose 3.8% in pre-market trading after Evercore ISI analyst Mark Mahaney upgraded the stock to “Outperform” from “In Line” and raised the firm’s price target to $210. Evercore based its revised target on a valuation of 20 times estimated 2028 EBITDA. The firm also increased its earnings forecasts, with its 2027 and…
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Tesla registrations show mixed performance across European markets in August
Tesla (NASDAQ:TSLA) recorded differing registration trends across several European markets in August, with year-over-year increases in France and Denmark and declines in Norway and Sweden. New Tesla vehicle registrations, which can be used as an indicator of sales, increased 279% from a year earlier in France and 104% in Denmark, according to figures from French…
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OpenAI rejects Apple trade-secret allegations in employee dispute
OpenAI (NASDAQ:OAI) has denied allegations from Apple (NASDAQ:AAPL) that it misappropriated trade secrets through former Apple employees, arguing that the iPhone maker has not demonstrated that confidential information was taken. “This dispute is a mess of Apple’s own making, and it is trying to blame everyone else,” OpenAI said in a filing late Monday in…
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U.S. futures steady as investors assess Fed rate outlook, oil prices and Japanese bond yields: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures were broadly unchanged early Tuesday as investors assessed the outlook for Federal Reserve interest rates, higher oil prices and renewed military exchanges between the United States and Iran. Energy markets extended their recent gains amid concerns about shipping through the Strait of Hormuz, while Japanese government bond yields increased ahead of U.S.…
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Wall Street Slips as U.S.-Iran Flare-Up Lifts Oil and Bond Yields
Stocks pulled back to start the week as renewed conflict in the Middle East rattled investors and pushed energy prices and bond yields higher. The U.S. and Iran traded fire for the first time in a month, reviving worries about oil supply just as markets had been coasting near record levels. Even with Monday’s losses,…
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Bernstein’s Chhugani forecasts Bitcoin could reach $300,000 by 2029
Bernstein expects Bitcoin (COIN:BTCUSD) to reach $300,000 by the end of 2029, with analyst Gautam Chhugani identifying the cryptocurrency as a major potential beneficiary of what he describes as the debasement trade. The forecast assumes Bitcoin continues to broadly follow its historical four-year market cycle, with Bernstein also expecting the cryptocurrency to recover to a…