Category: Top Story

NVIDIA Corporation (NASDAQ:NVDA) has announced a sweeping collaboration with the South Korean government and leading industrial players to strengthen the country’s artificial intelligence (AI) capabilities through the deployment of more than 260,000 NVIDIA GPUs across national cloud systems and AI factories. South Korea’s Ministry of Science and ICT is spearheading the initiative with an investment…

Gold prices moved lower in Asian trading on Friday, extending losses for a second consecutive week, as the Federal Reserve’s cautious stance on further rate cuts and renewed optimism around U.S.-China trade relations curbed demand for the safe-haven asset. By 01:49 ET (05:49 GMT), spot gold had fallen 0.4% to $4,008.65 per ounce, partially reversing…

Oil prices fell on Friday, heading for a third straight monthly decline, as a firm U.S. dollar and disappointing Chinese data weighed on sentiment. Continued output growth from major producers also offset the impact of Western sanctions that have disrupted Russian crude flows. By 07:44 GMT, Brent crude futures eased 12 cents, or 0.18%, to…

The U.S. dollar traded slightly higher on Friday, maintaining its strength after Federal Reserve Chair Jerome Powell’s latest remarks dampened hopes for another imminent rate cut. The euro also firmed, supported by the European Central Bank’s steady policy stance. At 05:10 ET (09:10 GMT), the Dollar Index, which measures the greenback’s value against six major…

Comcast Corporation (NASDAQ:CMCSA) posted better-than-expected third-quarter results, with strong gains in its wireless and entertainment divisions helping cushion ongoing broadband subscriber declines. Shares rose 1.5% in premarket trading following the release. The company reported adjusted earnings of $1.12 per share, two cents above analyst estimates, while revenue reached $31.2 billion, topping the $30.7 billion consensus…

Crocs Inc. (NASDAQ:CROX) shares jumped 9.7% on Thursday after the casual footwear company delivered third-quarter results that handily beat analyst estimates, even as overall sales declined from a year earlier. The company reported adjusted earnings of $2.92 per share, far exceeding the consensus forecast of $2.36, while revenue reached $996.3 million, topping expectations of $961.61…

BorgWarner Inc. (NYSE:BWA) shares rose 2.5% in premarket trading Thursday after the auto parts manufacturer reported stronger-than-expected third-quarter earnings and raised its full-year guidance, despite revenue landing just shy of forecasts. The company posted adjusted earnings of $1.24 per share, topping analyst estimates of $1.17 and up 14% year-over-year. Revenue climbed 4.1% to $3.59 billion,…

Omnicell, Inc. (NASDAQ:OMCL) shares gained 4.19% in premarket trading Thursday after the healthcare technology company delivered better-than-expected third-quarter results and lifted its full-year guidance on the back of strong demand for its connected medication management systems. The company reported adjusted earnings of $0.51 per share, well above the analyst estimate of $0.36, while revenue reached…

Biogen Inc. (NASDAQ:BIIB) shares fell 2.6% on Thursday after the biotechnology company trimmed its full-year earnings forecast, overshadowing an otherwise strong third-quarter earnings beat that topped Wall Street estimates on both profit and revenue. The company reported adjusted earnings of $4.81 per share, comfortably above the analyst consensus of $3.88, while revenue reached $2.53 billion,…