Category: Top Story
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Chevron Plans More Than $7 Billion Venezuela Investment Under Updated Joint Venture Terms
Chevron (NYSE:CVX) said Wednesday it had agreed updated terms for its joint ventures in Venezuela and plans to invest more than $7 billion in the country over the next five years. The company said the investment is intended to support an increase in production to approximately 600,000 barrels per day. Chevron signed multiple agreements establishing…
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NurExone Biologic progresses towards a new regenerative therapy and sets sights on a potential NASDAQ listing
Can exosomes become both the foundation of a new regenerative therapy and a commercial business in their own right? Hello, I’m Ricki Lee, and this is another episode of The Capital Compass. Today, we’re checking back in with NurExone Biologic (USOTC:NRXBF) (TSXV:NRX), a biotech company developing exosome-based therapies for central nervous system injuries. Alongside its…
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GitLab Shares Jump 23% Premarket After Q2 Revenue Rises 21%
GitLab shares rose more than 23% in premarket trading on Wednesday after the company reported fiscal second-quarter 2027 revenue growth of 21% and provided an update on demand for its software development and security platform. Revenue for the quarter ended July 31 increased to $286.3 million from $236.0 million in the corresponding period a year…
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Dell Shares Rise 10% Premarket After AI Server Demand Supports Guidance Increase
Dell Technologies (NYSE:DELL) shares gained about 10% in premarket trading on Wednesday after the company reported fiscal second-quarter 2027 adjusted earnings and revenue above analyst estimates and raised its full-year guidance. As of 04:12 ET, Dell shares were up approximately 10%. The company reported adjusted earnings of $7.04 per share on revenue of $46.97 billion…
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Palo Alto Networks Reports Higher Quarterly Profit as Security Revenue Grows
Palo Alto Networks (NASDAQ:PANW) reported higher fiscal fourth-quarter revenue and adjusted profit on Tuesday, alongside growth in its next-generation security business as companies increased spending on cybersecurity for AI-related operations. Fiscal fourth-quarter revenue increased 34% year over year to $3.41 billion. Adjusted profit rose to $853 million, or $1.02 per diluted share, from $673 million,…
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U.S. Futures Steady as Investors Monitor Oil Prices, Fed Data and Bond Yields: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures were little changed on Wednesday as investors awaited U.S. economic data and the Federal Reserve’s Beige Book while monitoring developments involving the United States and Iran and further increases in global government bond yields. S&P 500 Futures were flat at 7,637.5 points as of 03:20 ET, while Nasdaq 100 Futures were unchanged…
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Surging Oil and a Global Bond Sell-Off Drag Wall Street Lower to Start September
Stocks began the new month on the back foot Tuesday, as a fresh spike in oil prices and a worldwide jump in bond yields put pressure on equities. Renewed hostilities in the Strait of Hormuz sent crude above $90 a barrel, reviving inflation worries and reinforcing bets that the Federal Reserve could raise interest rates…
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Med-X targets global pest control market with Nature-Cide
Med-X CEO Matthew Mills discusses Nature-Cide, pest control partnerships, global expansion and the company’s planned Nasdaq listing.
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Duolingo shares rise 3.8% after Evercore ISI upgrade
Duolingo (NASDAQ:DUOL) shares rose 3.8% in pre-market trading after Evercore ISI analyst Mark Mahaney upgraded the stock to “Outperform” from “In Line” and raised the firm’s price target to $210. Evercore based its revised target on a valuation of 20 times estimated 2028 EBITDA. The firm also increased its earnings forecasts, with its 2027 and…
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Tesla registrations show mixed performance across European markets in August
Tesla (NASDAQ:TSLA) recorded differing registration trends across several European markets in August, with year-over-year increases in France and Denmark and declines in Norway and Sweden. New Tesla vehicle registrations, which can be used as an indicator of sales, increased 279% from a year earlier in France and 104% in Denmark, according to figures from French…