Category: Top Story
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Nvidia Agrees to Acquire Hugging Face for $12.93 Billion
Nvidia (NASDAQ:NVDA) has entered into a definitive agreement to acquire open-source artificial intelligence platform Hugging Face for $12.93 billion, bringing together Nvidia’s computing infrastructure with Hugging Face’s AI development ecosystem. Hugging Face serves more than 18 million developers, researchers and creators, according to the announcement, with its platform used for enterprise and open-source AI deployment…
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Apple Faces £2 Billion UK Lawsuit Over App Tracking Transparency Rules
Apple (NASDAQ:AAPL) is facing a £2 billion ($2.7 billion) lawsuit in London brought on behalf of app developers over its App Tracking Transparency rules, with the claim alleging that the company imposed stricter requirements on third-party developers than on its own services. The lawsuit was filed at London’s Competition Appeal Tribunal on Thursday and follows…
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Falco Resources Advances Horne 5 as Feasibility Study Highlights Significant Economic Potential
Falco Resources (TSXV:FPC) (USOTC:FPRGF) is entering an important phase in the development of its flagship Horne 5 project, with an updated feasibility study providing investors with a clearer picture of the project’s scale, economics and potential path toward development. Located in Quebec, Canada, Horne 5 is a large-scale polymetallic project positioned within an established mining…
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Peraso Inc. Targets Growing Defence Opportunity with Secure 60 GHz Millimeter Wave Technology
Modern defence systems increasingly depend on the ability to move large volumes of data quickly, securely and reliably. As military platforms become more connected and autonomous, the demand for resilient communications links is creating new opportunities for technologies designed to operate in challenging and contested environments. For Peraso Inc. (NASDAQ:PRSO), this represents an important potential…
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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…