Category: Top Story
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Wall Street Rallies as Chip Stocks Rebound and Oil Prices Ease Despite Iran Tensions
US stocks closed higher on Thursday as investors looked past a renewed flare-up in US-Iran hostilities and instead focused on a rebound in semiconductor stocks ahead of SK Hynix’s much-anticipated Nasdaq trading debut. Falling oil prices helped calm nerves even as the US and Iran traded fresh strikes during the session, with all three major…
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Starbucks Develops AI Software to Reduce Reliance on Microsoft and IBM, Report Says (SBUX)
Starbucks Expands Internal AI Development Starbucks Corp. (NASDAQ:SBUX) is reportedly developing artificial intelligence-powered software that could replace several enterprise applications currently supplied by Microsoft Corp. (NASDAQ:MSFT) and International Business Machines Corp. (NYSE:IBM), according to a Bloomberg report citing an internal company presentation. Among the projects under development are replacements for Microsoft’s inventory management software and…
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Wall Street Futures Rise as Chip Stocks Gain Despite Middle East Tensions: Dow Jones, S&P, Nasdaq
Futures Signal Higher Opening for U.S. Markets U.S. stock index futures pointed to a firmer start on Thursday, with investors looking to build on the mixed finish from the previous session. Technology shares, particularly semiconductor companies, were expected to provide early support after helping the Nasdaq recover from steep losses on Wednesday to close slightly…
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Nvidia H200 Chips Could Return to China as Beijing Weighs Limited Approval (NVDA)
Report Suggests China May Permit Limited H200 Chip Sales Nvidia (NASDAQ:NVDA) could regain limited access to the Chinese artificial intelligence market, according to a report from The Information, which said Beijing is considering allowing domestic companies to purchase a restricted number of the chipmaker’s H200 AI processors. The report says Chinese technology groups including Alibaba,…
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Levi Strauss Shares Fall Despite Earnings Beat as Guidance Disappoints (LEVI)
Strong Quarterly Results Fail to Lift Shares Levi Strauss (NYSE:LEVI) shares fell nearly 5.8% in pre-market trading, slipping to $22.96 as investors focused on the company’s outlook despite better-than-expected second-quarter earnings. The apparel maker reported fiscal second-quarter 2026 adjusted earnings of $0.28 per share after the market closed on July 8, comfortably ahead of the…
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Wall Street Futures Edge Higher as U.S.-Iran Conflict Escalates and PepsiCo Earnings Loom: Dow Jones, S&P, Nasdaq
U.S. stock index futures traded modestly higher on Thursday despite another round of military strikes between the United States and Iran, while investors prepared for quarterly results from PepsiCo (NASDAQ:PEP) and continued to monitor developments in global energy markets. Oil prices eased slightly but remained well above levels seen before the latest escalation in the…
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Lahontan Gold: Three Gold Sources, One Historic Mine, a Clear Roadmap to Gold Production
A Classic Example of Brownfield Development The Santa Fe Mine is not a greenfield project. Between 1988 and 1994, Corona Gold extracted 359,202 ounces of gold and 702,067 ounces of silver from this open-pit mine before the gold price fell to USD 360 and operations were suspended. What remains is worth its weight in gold by today’s…
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Dow Sheds Nearly 600 Points as Trump Declares Iran Ceasefire “Over,” Oil Prices Surge
Wall Street closed mixed but broadly lower on Wednesday after President Trump said the fragile ceasefire between the United States and Iran was effectively finished, sending oil prices sharply higher and rattling stocks tied to the broader economy. The Dow Jones Industrial Average and S&P 500 both fell, while the tech-heavy Nasdaq Composite managed to…
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Wall Street Set for Lower Open After Trump Says U.S.-Iran Ceasefire Is ‘Over’: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a weaker start on Wednesday, suggesting Wall Street could extend the previous session’s losses as renewed tensions in the Middle East unsettled investor sentiment. Markets came under pressure after President Donald Trump declared the U.S.-Iran ceasefire “over,” raising fears of a fresh escalation in regional conflict. “As far as I’m…
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Apple Commits Over $30 Billion to Broadcom Supply Deal as Colorado Plant Expands (AAPL)
Apple (NASDAQ:AAPL) will invest more than $30 billion under a long-term semiconductor supply agreement with Broadcom (NASDAQ:AVGO), a partnership that will also fund a major expansion of Broadcom’s manufacturing facility in Colorado. Long-Term Agreement Supports U.S. Chip Production Broadcom announced earlier this week that it had signed a supply agreement with Apple running through 2031.…