Category: Top Story
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U.S. Stocks Move Sharply Lower Amid Renewed Tech Weakness
After ending yesterday’s choppy session narrowly mixed, stocks moved to the upside in early trading on Wednesday but quickly came under pressure. The major averages pulled back well off their highs of the session and firmly into negative territory. The major averages saw further downside going into the end of the day, closing just off…
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Oracle Shares Slide After Report Says Blue Owl Pulls Support for Michigan Data Center
Oracle (NYSE:ORCL) shares fell 2.4% in U.S. premarket trading after a Financial Times report said that Blue Owl Capital, Oracle’s largest partner in data center development, has opted not to support a proposed $10 billion data center project in Michigan that was set to serve OpenAI. According to the report, Blue Owl had been in…
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General Mills Delivers Q2 Beat Despite Drag from Yogurt Business Sale
General Mills (NYSE:GIS) posted stronger-than-expected second-quarter results on Wednesday, overcoming notable pressure from recent portfolio changes, including the divestment of its yogurt operations. The company reported adjusted earnings of $1.10 per share, ahead of analyst expectations of $1.02. Following the earnings release, General Mills shares rose 1.17%. For the quarter ended November 23, net sales…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Energy Shares Poised to Support Higher Start for U.S. Markets
U.S. stock index futures are signaling a slightly positive open on Wednesday, suggesting equities may push higher after a mixed and uneven performance in the previous session. Early gains on Wall Street could be led by the energy sector, following a sharp rebound in crude oil prices. Oil has climbed well off its lowest levels…
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Warner Bros. Board Set to Reject Paramount’s $108.4 Billion Bid, Sources Say
The board of Warner Bros. Discovery (NASDAQ:WBD) is expected to recommend that shareholders vote against a $108.4 billion takeover proposal from Paramount Skydance (NASDAQ:PSKY), according to people familiar with the matter. Sources indicate that the move would reaffirm Warner Bros. Discovery’s preference for an existing transaction with Netflix (NASDAQ:NFLX), marking another development in the competitive…
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Nvidia Reportedly Preparing Major Data Center Project in Israel
Nvidia (NASDAQ:NVDA) is said to be moving forward with plans to establish what would become the largest server farm in Israel, according to a report published by Calcalist. The report indicates that the semiconductor company is expected to formally unveil the project in the near future, though it did not disclose the sources behind the…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Steady Ahead of Waller Speech; Lennar Disappoints, Micron in Focus
U.S. equity futures are trading cautiously as investors continue to digest recently released labor market data. Attention is turning to remarks from Federal Reserve Governor Christopher Waller, who is set to speak publicly for the first time since the central bank delivered an interest rate cut last week. In corporate news, shares of homebuilder Lennar…
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Transitioning the Cariboo Gold Project from developer to producer
In this episode of the Capital Compass we’re joined by one of the most recognized names in the mining industry — Sean Roosen — one of the original founders of Osisko Mining and the builder behind one of Canada’s most successful modern gold stories with Canadian Malartic. Sean is now leading Osisko Development (TSXV:ODV) (NYSE:ODV), which…
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U.S. Stocks Close Mixed Following Another Choppy Session
Following the lackluster performance seen in the previous session, stocks continued to experience choppy trading on Tuesday. The major averages fluctuated over the course of the trading day before eventually closing on opposite sides of the unchanged line. While the tech-heavy Nasdaq rose 54.05 points or 0.2 percent to 23,111.46, the S&P 500 slipped 16.25…
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Morgan Stanley Sees Compelling Value in Defense Stocks Ahead of 2026
Morgan Stanley believes U.S. defense equities present an attractive opportunity heading into 2026, arguing that current share prices do not adequately capture the outlook for continued expansion in U.S. defense spending, even amid ongoing political uncertainty. In a sector outlook, analyst Kristine Liwag said the bank views the group as undervalued, noting that it “provides…