Category: Top Story
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Halliburton secures multibillion-dollar fracking deal with YPF in Argentina
Halliburton Company (NYSE:HAL) has been awarded a multibillion-dollar contract by YPF to deliver unconventional well completion services in Argentina’s Vaca Muerta shale basin. The multi-year agreement establishes an exclusive partnership covering bundled completion services in Vaca Muerta, widely regarded as one of the largest shale resources outside North America. The contract follows a competitive tender…
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Goldman Sachs slips despite first-quarter earnings beat
Goldman Sachs Group (NYSE:GS) reported stronger-than-expected first-quarter results, but its shares dropped 3.8% following the announcement. The bank posted earnings per share of $17.55 for the period ending March 31, comfortably ahead of the $16.47 consensus forecast. Revenue came in at $17.23 billion, also topping estimates of $16.95 billion and rising 14% from $15.09 billion…
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Wall Street set for lower open as renewed U.S.-Iran tensions unsettle markets: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures pointed to a weaker start on Monday, with equities likely to retreat after posting strong gains in the previous week. Investor sentiment has been dampened by rising fears of renewed escalation in the Middle East, following the collapse of weekend negotiations between Washington and Tehran. “They have chosen not to accept our…
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Five key themes for markets in the week ahead
Geopolitics is taking centre stage at the start of the trading week, with a planned U.S. blockade of the Strait of Hormuz driving fresh volatility across markets. The move has pushed oil prices higher again, while upcoming inflation data and a busy earnings calendar could provide further direction for investors. 1. U.S. moves ahead with…
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McDonald’s plans energy drinks and new sodas for U.S. menu overhaul – WSJ
McDonald’s (NYSE:MCD) is preparing to expand its beverage lineup in the U.S. with the launch of energy drinks and new flavoured sodas, as part of a broader effort to refresh its cold drink offering, according to a report by The Wall Street Journal. The company is expected to introduce several new drinks in the coming…
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Meta develops AI version of Zuckerberg to engage with staff – FT
Meta Platforms (NASDAQ:META) is building an artificial intelligence-powered replica of its chief executive Mark Zuckerberg to interact with employees on his behalf, according to a report by the Financial Times citing sources familiar with the project. The company has been advancing photorealistic, AI-driven 3D avatars capable of real-time interaction, and has recently shifted focus toward…
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Markets edge lower as Hormuz blockade fears grow; Goldman Sachs earnings in focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to major U.S. equity indices pointed slightly lower at the start of the week, as concerns over a potential U.S. naval blockade of the Strait of Hormuz and stalled negotiations between Washington and Tehran weighed on investor sentiment. Oil prices moved back above $100 per barrel, with markets increasingly uneasy about the durability…
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Mixed CPI Report, Geopolitical Jitters Cap Wall Street’s Best Week Since May
U.S. stocks closed mixed on Friday as a complicated inflation report and a plunge in consumer sentiment took the shine off what had been Wall Street’s strongest weekly rally in nearly a year. The Dow Jones Industrial Average and S&P 500 slipped into the red by the closing bell, while the tech-heavy Nasdaq Composite eked…
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Apple Takes Top Spot in Global Smartphone Market for First Time in Q1 2026
Global smartphone shipments declined 6% year over year in the first quarter of 2026, as shortages of DRAM and NAND memory components disrupted supply chains and pushed up production costs, according to preliminary data from Counterpoint Research’s Market Monitor. Apple (NASDAQ:AAPL) claimed the leading position in the global smartphone market for the first time in…
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TSMC Reports 45% Surge in March Revenue, Beats Q1 Expectations
Taiwan Semiconductor Manufacturing Corp, or TSMC (NYSE:TSM), reported a sharp rise in March revenue, driven by strong demand linked to artificial intelligence, reinforcing its position as the world’s leading contract chipmaker. The strong monthly performance helped lift the company’s total revenue for the first quarter slightly above market expectations. March revenue climbed 45.2% year on…