Category: Top Story
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Deere tops forecasts as construction and small agriculture divisions drive growth (DE)
Deere & Company (NYSE:DE) reported second-quarter earnings ahead of analyst expectations, supported by strong momentum in its construction and small agriculture businesses, sending shares up 2.2% in premarket trading on Thursday. The machinery manufacturer posted adjusted earnings per share of US$6.55 for the quarter ended May 3, exceeding analyst forecasts of US$5.70 by US$0.85. Quarterly…
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Nvidia targets next wave of AI growth with new data centre chips and expanding customer base (NVDA)
NVIDIA (NASDAQ:NVDA) chief executive Jensen Huang sought to reassure investors on Wednesday that the company can maintain its rapid growth trajectory through a broader customer base and the launch of new data centre products, while projecting that sales of its flagship AI chips could exceed US$1 trillion. Despite forecasting second-quarter revenue above Wall Street expectations…
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Google commits $15 billion to Missouri expansion with new data center project (GOOG)
Google (NASDAQ:GOOG) announced plans on Wednesday to invest US$15 billion into infrastructure projects across Missouri, including the construction of a new data centre in New Florence, located in Montgomery County. Missouri Governor Mike Kehoe said the investment highlights the state’s increasing importance as a hub for technology and innovation. He added that the project is…
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Intuit shares tumble after weaker TurboTax outlook despite stronger earnings guidance (INTU)
Intuit (NASDAQ:INTU) raised its full-year guidance and delivered third-quarter results ahead of expectations as the company continued to benefit from its AI-focused platform strategy. However, the financial software group also reduced its annual revenue outlook for TurboTax and announced plans to cut 17% of its workforce as part of a broader operational restructuring programme, sending…
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Nvidia earnings surge while SpaceX IPO plans and Iran peace hopes shape markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded slightly lower on Thursday as investors absorbed another set of blockbuster earnings from artificial intelligence chip leader Nvidia (NASDAQ:NVDA) while continuing to monitor developments surrounding the conflict between the United States and Iran. By 03:32 ET, Dow futures had fallen 112 points, or 0.2%, while S&P 500 futures slipped 19 points…
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Safe and Stable: Bolivia Welcomes Foreign Investment and Transforms MiningToronto Stock Exchange confirms support for rigorous business strategy
Bolivia is putting up a welcome sign for foreign investors, and the Toronto Stock Exchange (TSX) recognized the milestone recently with its first-ever Bolivian visit. The TSX came to La Paz, Bolivia’s administrative capital, for a high-profile conference of business and finance leaders celebrating Bolivia’s growing capacity to attract and responsibly manage foreign investment. This…
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Oil Plunge and Nvidia Anticipation Fuel Broad Rally on Wall Street
Stocks rallied sharply on Wednesday as a steep drop in crude oil prices and mounting excitement ahead of Nvidia’s after-the-bell earnings report drew buyers back into the market. All three major indexes posted their strongest session in weeks, snapping a three-day losing streak that had been driven by surging Treasury yields. The mood shifted decisively…
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The Disconnect in Silver Markets
As liquidity drives price action, resilient miners continue producing through the noise At a mining site, a haul truck carries tonnes of ore out of the ground. It doesn’t know the price of silver. It doesn’t care about inflation prints, bond yields, or geopolitical headlines. Its job is simple: move material from point A to…
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Lower Treasury Yields and Oil Prices May Support Wall Street Rebound: Dow Jones, S&P, Nasdaq
U.S. stock index futures pointed to a stronger open on Wednesday, suggesting Wall Street could recover some of the losses recorded in the previous trading session. Investor sentiment appeared to improve as Treasury yields retreated from recent highs and crude oil prices moved sharply lower. Treasury Yields and Oil Prices Ease The yield on the…
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Target tops first-quarter expectations and lifts annual sales outlook (TGT)
Target Corporation (NYSE:TGT) shares rose around 1.4% in premarket trading on Wednesday after the retailer posted first-quarter results that came in ahead of Wall Street forecasts. The company reported earnings per share of $1.71, outperforming analyst expectations of $1.46, while revenue reached $25.44 billion, above consensus estimates of $24.66 billion. Sales growth strengthens across stores…