Category: Top Story
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Nike shares fall in premarket despite earnings beat as China weakness and margin pressure persist
Nike (NYSE:NKE) reported quarterly results on Tuesday that exceeded expectations on both earnings and revenue, but the report highlighted ongoing softness in the important Greater China market along with declining gross margins. Shares of the Dow 30 component dropped more than 9% in premarket trading Wednesday, changing hands at $47.88 by 04:17 ET. The results…
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Tesla registrations rebound in Europe as early March data show strong growth
Tesla (NASDAQ:TSLA) appears to be seeing another solid month for vehicle deliveries in Europe, with early registration data showing sharp increases in several markets including France and Denmark. The electric vehicle maker sold 17,664 units in February, representing 11.8% year-on-year growth, and preliminary figures emerging from March across Europe suggest that sales momentum is continuing.…
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Oil stocks slide as crude drops after Trump signals potential end to Iran war
Oil prices and shares of major energy producers declined on Wednesday after Donald Trump indicated the conflict in Iran could end within “two to three weeks.” Brent crude dropped to as low as $98.35 per barrel before recovering part of its losses to trade back above $102, as investors assessed the possibility that the conflict—which…
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Futures edge higher while oil drops on hopes of Iran war de-escalation — what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures moved higher on Wednesday as investors grew more optimistic that Washington may be preparing to step back from the conflict in Iran. Oil prices also slipped below $100 per barrel, though they remain significantly above levels seen before the war began. Meanwhile, shares of Nike (NYSE:NKE) declined in after-hours trading following earnings,…
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Hopes of Iran War Resolution Spark Broad Rally on Wall Street
U.S. stocks surged on Tuesday as reports that President Trump is willing to end the military campaign in Iran triggered a wave of buying across every major sector. The news sent oil prices retreating from recent highs and pushed the fear gauge sharply lower, giving investors their best session in weeks and snapping a streak…
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Meta introduces prescription-ready AI glasses starting at $499
Meta (NASDAQ:META) on Tuesday unveiled two new AI-powered smart glasses designed for users who require prescription lenses: the Ray-Ban Meta Blayzer Optics (Gen 2) and the Ray-Ban Meta Scriber Optics (Gen 2). The new models include features such as overextension hinges, interchangeable nose pads, and adjustable temple tips to improve comfort and fit for prescription…
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Amazon unveils new business credit cards in partnership with U.S. Bank
Amazon (NASDAQ:AMZN) said it will roll out new Prime Business and Amazon Business credit cards this spring, shifting its partnership from American Express to U.S. Bank (USB) and the Mastercard (MA) payment network. Under the new structure, the Prime Business Card will offer 5% cash back on Amazon purchases for Prime members, while the Amazon…
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NVIDIA commits $2 billion investment in Marvell to expand AI infrastructure collaboration
NVIDIA Corporation (NASDAQ:NVDA) announced a $2 billion investment in Marvell Technology Inc. (NASDAQ:MRVL) as part of a strategic partnership aimed at strengthening NVIDIA’s artificial intelligence infrastructure ecosystem through its NVLink Fusion technology. The collaboration will integrate Marvell into NVIDIA’s AI factory and AI-RAN ecosystem using NVLink Fusion, a rack-scale platform designed to help customers build…
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Novo Nordisk introduces discounted Wegovy subscription plan in the U.S.
Novo Nordisk (NYSE:NVO) has rolled out a new subscription-based pricing program in the United States aimed at patients paying out of pocket for Wegovy without insurance coverage. The initiative provides monthly discounts of up to 29% through several telehealth providers. Beginning Tuesday, eligible self-pay patients can obtain three-, six-, or 12-month supplies of Wegovy at…
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Delta selects Amazon’s LEO network for in-flight Wi-Fi, dealing blow to Starlink
Delta Air Lines Inc. (NYSE:DAL) has reached an agreement with Amazon.com Inc. (NASDAQ:AMZN) to use the company’s low-Earth orbit satellite service for onboard Wi-Fi, handing Amazon’s space venture a notable aviation customer as it competes with SpaceX’s Starlink. Delta said Tuesday the connectivity system will be installed on 500 aircraft starting in 2028, initially focusing…