Category: Top Story
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Adobe Shares Slip Despite Strong AI-Driven Forecast and Record Metrics
Adobe (NASDAQ:ADBE) unveiled upbeat annual revenue and earnings guidance that surpassed Wall Street expectations, suggesting the company’s efforts to monetize its expanding suite of AI-powered features are gaining traction. The longtime favorite among creative professionals has spent years integrating artificial intelligence across more of its tools, aiming to simplify and speed up image and video…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Shift as Investors Weigh Fed Rate Path and Oracle’s Weak Forecast
U.S. equity futures edged lower early Thursday, hinting at a potential reversal from the prior session’s gains. Traders continued sorting through the implications of the Federal Reserve’s latest rate cut while trying to gauge where borrowing costs may head next. Sentiment also took a hit after cloud-services heavyweight Oracle (NYSE:ORCL) issued a lackluster outlook, while…
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Scaling for long-term success: A new era in gold development
Introduction In the evolving landscape of gold development, one leading project in Australia’s Northern Territory is redefining what it means to unlock value. Backed by years of technical expertise and strategic discipline, Mt Todd has emerged as one of the most compelling undeveloped gold assets globally. A recently completed feasibility study signals a pivotal shift…
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U.S. Stocks Close Mostly Higher After Fed Cuts Interest Rates
After showing a lack of direction for much of the session, stocks moved mostly higher in the latter part of the trading day on Wednesday following the Federal Reserve’s interest rate decision. The major averages all moved to the upside on the day after ending Tuesday’s choppy trading session narrowly mixed. The Dow jumped 497.46…
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Meta Shares Dip After Report Signals Move Toward Closed AI Model
Meta Platforms (NASDAQ:META) slipped 1.2% on Wednesday, while Alibaba (NYSE:BABA) gained 2%, after a Bloomberg report said Meta is shifting its AI strategy and working on a closed, revenue-generating model that draws on technology from several Chinese companies, including Alibaba. The report said Meta is building a new AI system internally referred to as “Avocado,”…
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GameStop Shares Drop as Third-Quarter Results Fall Short of Wall Street Forecasts
GameStop (NYSE:GME) slipped in premarket trading on Wednesday after the videogame retailer delivered quarterly results that disappointed analysts. The company has been attempting to modernize its business by strengthening its digital presence, reflecting a broader industry shift toward online purchases over traditional in-store sales. While GameStop has expanded its e-commerce offerings with exclusive editions and…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Fed Decision Looms; Oracle and Adobe Earnings on Deck – Key Drivers Moving Markets
U.S. equity futures were hovering just above unchanged early Wednesday, as traders braced for a pivotal Federal Reserve interest rate announcement later in the day. Many economists expect the central bank to deliver what has been described as a “hawkish cut,” lowering rates now while signaling limited room for additional reductions going forward. Yet markets…
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Intel Sees EU Antitrust Fine Cut by 140 Million Euros
The General Court of the European Union has ruled to lower Intel’s (NASDAQ:INTC) antitrust penalty from 376 million euros ($438 million) to 237.1 million euros, though it declined the company’s bid to have the sanction thrown out entirely. “An amount of 237,105,540 euros is a more appropriate reflection of the gravity and duration of the…
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Amid surging prices a new tungsten mine is about to open in South Korea
Almonty Industries (NASDAQ:ALM) (TSX:AII) CEO Lewis Black updates investors on the Sangdong tungsten mine in South Korea at The International Investment Forum, a premier online platform delivering expert insights into global trends across industries, including mining, energy and biotechnology, connecting with top executives worldwide through interactive sessions, all without travel — promoting sustainability and efficiency. This…
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U.S. Job Openings Come In Well Above Forecasts, Offering Support for the Dollar
Fresh data from the JOLTs Job Openings survey showed U.S. labor demand running hotter than expected, with vacancies climbing to 7.670 million, according to the Bureau of Labor Statistics. The reading came in noticeably above economists’ projections, marking a clear upside surprise for markets. JOLTs job openings measure positions that meet three key criteria: a…