Category: Top Story
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Meta settlement puts fresh focus on global efforts to protect young social media users
Meta (NASDAQ:META) is facing renewed international scrutiny over protections for younger social media users after agreeing a settlement of up to $18 billion with nearly 50 US states, a development regulators say demonstrates that technology companies have tools available to strengthen online safeguards. The agreement, which addresses claims concerning the impact of Facebook and Instagram…
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CrowdStrike shares surge after Q2 beat and stronger fiscal 2027 outlook
CrowdStrike Holdings Inc. (NASDAQ:CRWD) shares jumped around 8% in premarket trading on Thursday after the cybersecurity specialist delivered second-quarter results ahead of Wall Street expectations and raised its full-year forecasts. The company reported earnings of $0.31 per share, exceeding the analyst consensus of $0.29. Revenue reached $1.47 billion, also coming in ahead of expectations of…
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Salesforce shares surge as AI growth powers strong Q2 and upgraded outlook
Salesforce (NYSE:CRM) shares jumped 11% in US premarket trading on Thursday after the enterprise software group delivered second-quarter results ahead of Wall Street expectations, supported by rapidly expanding artificial intelligence demand, stronger profitability and robust cash generation. Adjusted earnings reached $5.90 per share, comfortably exceeding the analyst estimate of $3.27 by $2.63. Revenue rose 11%…
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US futures rise as Nvidia earnings revive AI optimism and Salesforce lifts outlook: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved higher on Thursday as Nvidia (NASDAQ:NVDA) delivered stronger-than-expected quarterly results and an ambitious medium-term growth outlook, helping reinforce investor confidence in the artificial intelligence investment cycle. Sentiment received an additional boost from Salesforce (NYSE:CRM), which raised its full-year guidance following better-than-expected quarterly results and announced an expanded artificial intelligence partnership with…
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Wall Street Ends Narrowly Lower as Investors Hold Their Breath for Nvidia Earnings
U.S. stocks closed slightly lower on Wednesday, drifting through a quiet session as traders held back ahead of Nvidia’s highly anticipated quarterly report due after the closing bell. Fresh inflation data that showed price pressures remain elevated gave investors little reason to chase stocks higher, and the major averages spent much of the day hovering…
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Meta agrees up to $18 billion settlement in youth social media case
Meta Platforms (NASDAQ:META) has agreed to pay up to $18 billion to resolve claims brought by attorneys general from 29 U.S. states alleging that its social media platforms harmed children. Meta shares initially climbed more than 4% in pre-market trading as investors welcomed the removal of a potentially unpredictable legal liability, although the gains later…
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Nvidia earnings keep Wall Street futures subdued ahead of key results: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a broadly flat opening on Wednesday as investors held back from making significant moves ahead of second-quarter results from Nvidia (NASDAQ:NVDA), due after the closing bell. The cautious tone followed modest gains in the previous session, with Nvidia’s earnings expected to provide an important test of investor confidence in artificial…
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BofA sees SpaceX wireless ambitions as positive for T-Mobile and tower operators
Bank of America believes SpaceX’s (NASDAQ:SPCX) plans to expand further into wireless connectivity could ultimately benefit T-Mobile (NASDAQ:TMUS), tower operators and the value of mobile spectrum rather than pose an immediate competitive threat. The bank reached its view following discussions with T-Mobile Chief Technology Officer Dr. John Saw and executives at Crown Castle (NYSE:CCI). Its…
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J.M. Smucker shares rise after earnings beat and upgraded annual outlook
J.M. Smucker (NYSE:SJM) shares gained more than 3% in premarket trading on Wednesday after the packaged foods company delivered stronger-than-expected first-quarter earnings and revenue and raised its full-year profit guidance. The company reported earnings of $3.24 per share, comfortably ahead of the analyst consensus estimate of $2.21. Revenue increased 5% year-over-year to $2.2 billion, exceeding…
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Abercrombie & Fitch shares soar after earnings beat and upgraded outlook
Abercrombie & Fitch Co. (NYSE:ANF) shares jumped more than 11% in premarket trading after the apparel retailer delivered second-quarter earnings and revenue above Wall Street forecasts and raised its full-year guidance. Adjusted earnings reached $4.17 per share, exceeding the analyst consensus of $1.98 by $2.19. Revenue increased 5% year-over-year to $1.3 billion, ahead of expectations…