Category: Top Story
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Nasdaq Hits Record Close as Soft Jobs Report Eases Fed Rate-Hike Fears
Wall Street finished higher on Friday after a weaker-than-expected September jobs report calmed worries that a hot economy could push inflation, and interest rates, even higher. The Nasdaq Composite led the way with a record close, while the S&P 500 finished within about 1% of its all-time high. Falling Treasury yields and lower oil prices…
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Jefferies Sees Signs of Softer iPhone 18 Demand in Resale Pricing
Jefferies said resale pricing for Apple’s (NASDAQ:AAPL) latest high-end iPhones in Hong Kong is below levels recorded for comparable models last year, which the broker said could indicate softer demand for the iPhone 18 Pro and Pro Max. According to the analysts, the iPhone 18 Pro was trading at discounts to Apple’s official pricing across…
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Piper Sandler Forecasts Google TPU Hardware Revenue to Reach $104 Billion by 2028
Piper Sandler has raised its forecasts for Alphabet (NASDAQ:GOOG), with analyst Thomas Champion estimating that Google’s external tensor processing unit hardware business could generate $104 billion in revenue by 2028. The forecast follows Google’s disclosure of external TPU hardware sales for the first time in its second-quarter 2026 results. Piper Sandler said the disclosure prompted…
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Is this nanocap copper play the next Voisey’s Bay?
The price of copper (Cu), up by almost 50 per cent year-over-year, sits near a record high at about US$14,500 per ton, reflecting short-term concerns about US tariffs and disruptions at major mines, most recently at Las Bambas in Peru. This is in addition to longer-term worries, including: This dynamic is serving to increase capital…
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Anthropic Warns Government Actions Could Affect Customer and Partner Relationships
Anthropic (NASDAQ:ANTP) warned that government actions and perceptions of the company and its artificial intelligence technology could affect its broader commercial relationships, according to its initial public offering prospectus reviewed by Reuters. The company said potential effects could extend beyond government contracts to relationships with customers, partners, employees and investors. Anthropic said government agency contracts…
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Nike Shares Fall Nearly 9% After Revenue Miss and Fiscal 2027 Outlook
Nike (NYSE:NKE) shares fell nearly 9% in pre-market trading on Friday after the sportswear company reported fiscal first-quarter revenue below market expectations and forecast a high-single-digit revenue decline for fiscal 2027. Nike reported adjusted earnings of $0.48 per share, above Wall Street expectations of $0.44. Revenue was $11.21 billion, compared with estimates of $11.35 billion,…
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Amazon Reportedly Seeks Investors for $8 Billion Nvidia Chip Financing Structure
Amazon (NASDAQ:AMZN) is seeking external investors for a financing arrangement involving approximately $8 billion of advanced Nvidia (NASDAQ:NVDA) chips, the Financial Times reported, citing people familiar with the matter. According to the report, Amazon has held discussions with investors in recent weeks to assess interest in a proposed structure that would place thousands of Nvidia…
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Broadcom Financing Syndicate Reportedly Seeks $60 Billion for Anthropic and Other AI Companies
Broadcom (NASDAQ:AVGO) and its Wall Street banking syndicate are beginning efforts to arrange approximately $60 billion in new financing intended to support Anthropic (NASDAQ:ANTP) and other artificial intelligence companies, Bloomberg reported on Friday, citing people familiar with the matter. Banks participating in the financing are expected to distribute syndication materials for a $42 billion Class…
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U.S. Futures Rise Ahead of Payrolls as Bond-Market Volatility Remains in Focus: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures moved higher on Friday as investors awaited September employment data and continued to assess volatility across global government bond markets. At 07:16 GMT, Dow futures were up 137 points, or 0.3%, while S&P 500 futures gained 20 points, or 0.3%. Nasdaq 100 futures advanced 129 points, or 0.4%. The major Wall Street…
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Wall Street Rebounds From Early Losses as Chip Stocks Rally and Treasury Yields Ease
U.S. stocks kicked off October and the fourth quarter with a choppy session, recovering from morning weakness to close slightly higher. A pullback in bond yields from multi-decade highs and a bounce in AI-related chip stocks helped the major averages climb back above the flat line. The 10-year Treasury yield touched about 5.3% earlier in…