Category: Top Story
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Netflix drops premarket after issuing cautious outlook amid Warner Bros. bid
Shares of Netflix (NASDAQ:NFLX) slid more than 5% in U.S. premarket trading on Wednesday after the streaming group released softer-than-expected forward guidance while pursuing a large acquisition of Warner Bros. Discovery (NASDAQ:WBD). For the quarter ended December 31, Netflix reported earnings of $0.56 per diluted share on revenue of $12.05 billion, narrowly topping analysts’ forecasts…
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Kraft Heinz slips premarket after filing signals possible Berkshire exit
Shares of Kraft Heinz (NASDAQ:KHC) fell about 3.6% in premarket trading on Wednesday after a regulatory filing indicated that Berkshire Hathaway (NYSE:BRK.B) may look to sell its 27.5% stake in the food group. The disclosure showed that the conglomerate led by Warren Buffett is evaluating a potential divestment of its sizeable holding in Kraft Heinz,…
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Musk warns Tesla Cybercab and Optimus rollout will start ‘agonizingly slow’
Tesla Inc (NASDAQ:TSLA) chief executive Elon Musk said on Tuesday that the initial manufacturing phase for the company’s upcoming Cybercab robotaxi and Optimus humanoid robot will progress at a very slow pace before accelerating significantly over time. Replying to a post on social media discussing Cybercab production, Musk cautioned that “for Cybercab and Optimus, almost…
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U.S. futures edge higher as markets await Trump’s Davos speech; Netflix outlook, Berkshire filing in focus: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to the main U.S. equity benchmarks ticked up on Wednesday as unsettled markets looked ahead to President Donald Trump’s address at the annual World Economic Forum in Switzerland. Investor attention remains fixed on Trump’s push for U.S. control of Greenland — and his warnings of additional tariffs on several European countries — themes…
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A clean technology company on the verge of transformational growth
The US green energy transition, while making clear and substantial strides, will rely on fossil fuels for decades to come as infrastructure slowly shifts towards sustainability. Coal is a prime example, with coal-fired plants accounting for 16 per cent of domestic power in 2023, a figure expected to decrease but remain significant into 2050 and beyond, highlighting how utilities across…
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Renewed Trade War Concerns Spark Sell-Off On Wall Street
After ending last Friday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Tuesday. The major averages all moved sharply lower, adding to the losses posted last week. The major averages saw further downside late in the session, closing near their worst levels of the day. The…
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BioVaxys posts encouraging ovarian cancer data from MVP-S combo trial
BioVaxys Technology Corp. (CSE:BIOV) (USOTC:BVAXF) said it has reported positive early results from its Phase 1B/2 PESCO clinical study evaluating its cancer vaccine MVP-S in combination with pembrolizumab (Keytruda™) and low-dose cyclophosphamide in patients with recurrent epithelial ovarian cancer. The open-label, investigator-initiated trial assessed safety, dosing and early signs of efficacy in patients with relapsed…
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Netflix shares edge higher after Warner Bros. deal switches to all-cash
Netflix (NASDAQ:NFLX) shares rose 0.7% on Tuesday morning, bucking broader weakness in the Nasdaq 100, which slid 1.8%, after the streaming group and Warner Bros. Discovery (NASDAQ:WBD) revised their merger agreement to an all-cash structure. The updated terms keep the previously agreed valuation of $27.75 per WBD share but remove the equity component, giving Warner…
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Fresh Trade War Fears Signal Weak Start for Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures are indicating a steep drop at the open on Tuesday, suggesting equities could face renewed selling pressure as markets reopen after the long holiday weekend. Investor sentiment has been unsettled by revived worries over a potential trade conflict between the United States and Europe, linked to President Donald Trump’s push to…
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U.S. Futures Slide on Greenland Tariff Risks; Netflix Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to the main U.S. equity indices pointed lower as investors weighed the risk that Washington could impose new tariffs on a range of European countries over Greenland. President Donald Trump said he plans to hold meetings on Greenland during a trip to an annual economic forum in Switzerland, while European leaders consider possible…