Category: Top Story
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Micron to withdraw from China’s server chip market after 2023 ban
Micron Technology (NASDAQ:MU) is planning to end the supply of server chips to data centers in China following the 2023 government ban, according to a Friday report from Reuters citing two sources familiar with the matter. The company will continue to sell to two Chinese clients that operate major data centers outside of China, one…
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Novo Nordisk shares tumble after Trump pledges weight-loss drug price cut
Novo Nordisk (NYSE:NVO) saw its shares sink 5.6% in early Friday trading after U.S. President Donald Trump vowed to lower the cost of the company’s top-selling weight-loss medication. The statement came during a White House event focused on fertility treatments and drug pricing, when Trump was pressed by reporters to name the specific drug he…
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Oil Slips Toward Weekly Loss as Trump-Putin Meeting Fuels Market Uncertainty
Crude oil prices softened on Friday, putting the market on course for a nearly 3% weekly decline, as traders digested the planned summit between Donald Trump and Vladimir Putin and renewed signals of a potential supply glut. Brent crude futures eased 16 cents, or 0.26%, to $60.90 a barrel at 06:45 GMT, while U.S. West…
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Gold Soars to New Record as Fed Rate Cut Bets and Trade Tensions Drive Safe-Haven Rush
Gold prices climbed to fresh record highs in early Asian trading on Friday, edging closer to the $4,400 per ounce milestone as mounting expectations of a rate cut by the Federal Reserve and heightened U.S.-China trade tensions triggered a flight to safe-haven assets. Spot gold gained 0.9% to $4,362.63 an ounce at 01:49 ET (05:49…
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Dollar Extends Losses as Banking Turmoil Fuels Rate-Cut Bets
The U.S. dollar weakened further on Friday, heading for its steepest weekly slide in nearly three months, as renewed anxiety over the banking sector reinforced expectations of additional interest rate cuts from the Federal Reserve later this year. At 04:10 ET (08:10 GMT), the U.S. Dollar Index — a gauge of the dollar’s strength against…
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Banking Stocks Tumble as U.S. Credit Concerns Rattle Global Markets
Global financial stocks fell sharply on Friday after renewed concerns about U.S. credit quality triggered a selloff in regional banks, unsettling investors and reigniting fears over lending standards. The sector’s exposure to two recent U.S. auto-related bankruptcies has raised fresh questions about credit risk, echoing the uncertainty that followed Silicon Valley Bank’s collapse more than…
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HPE Shares Drop After Fiscal 2026 Outlook Disappoints, But Analysts See Upside
Hewlett Packard Enterprise (NYSE:HPE) shares fell more than 8% Thursday morning after the company’s investor day in New York revealed fiscal 2026 guidance that came in below expectations. Despite the near-term caution, analysts signaled confidence in HPE’s long-term growth story, particularly in networking, cloud, and AI. Barclays said the company’s fiscal 2026 outlook “underwhelmed for…
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Oracle Analyst Day Highlights Full-Stack AI Strategy and Hyperscaler Ambitions
Oracle Corporation (NYSE:ORCL) spotlighted an aggressive artificial intelligence expansion during its analyst day in Las Vegas, drawing bullish commentary from Wall Street analysts who highlighted the company’s growing role as a hyperscaler and GPU cloud player. Citi analysts said the event marked “a positive tone shift,” citing strong partner feedback and “confidence in OCI against…
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Cloudastructure Shares Surge After $5 Million Buyback Announcement
Cloudastructure Inc (NASDAQ:CSAI) stock jumped 18.2% on Thursday after the AI surveillance company unveiled a $5 million share repurchase program, signaling strong confidence in its business outlook amid accelerating sales growth. The company’s Board of Directors authorized the buyback, allowing Cloudastructure to repurchase shares of its common stock on the open market in accordance with…
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ZenaTech Shares Jump as Company Plans Congressional Meetings on Drone Technology
ZenaTech, Inc. (NASDAQ:ZENA) saw its stock surge 7% on Thursday after announcing that its ZenaDrone subsidiary will meet with Members of Congress to discuss drone innovation and U.S. manufacturing strategies. The engagement will be followed by a product showcase at the AUVSI Defense 2025 Forum in Washington, D.C. Later this month, ZenaDrone plans to engage…