Category: Top Story
-
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…
-
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,”…
-
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…
-
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…
-
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…
-
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…
-
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…
-
Microsoft Unveils Over C$7.5 Billion Investment to Boost Cloud and AI Capacity in Canada
Microsoft (NASDAQ:MSFT) said Tuesday it will commit more than C$7.5 billion ($5.42 billion) to Canada over the next two years as part of a major push to expand the company’s cloud and artificial intelligence infrastructure in the country. The planned investment will significantly broaden Microsoft’s cloud and AI footprint nationwide, reinforcing the tech giant’s position…
-
Campbell’s Tops Revenue Expectations as Shoppers Stick With Packaged Foods
Campbell’s Co. (NASDAQ:CPB) reported stronger-than-expected first-quarter sales on Tuesday, buoyed by steady demand for its canned soups and convenient ready-to-eat meals. With many households choosing to cook at home rather than splurge on restaurant dining amid economic uncertainty, the company continues to benefit from consumers’ shift toward pantry staples. Lingering inflation and fluctuations tied to…
-
Dow Jones, S&P, Nasdaq, Wall Street, Futures Signal a Flat Opening on Wall Street as Traders Await Fed Decision
U.S. equity futures were little changed early Tuesday, suggesting a muted start to the session as investors digest Monday’s mild retreat and brace for Wednesday’s Federal Reserve policy announcement. With the central bank widely expected to deliver another 25-basis-point rate cut, traders appear hesitant to take bold positions. What comes next for monetary policy, however,…