Category: Top Story
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AT&T plans over $250 billion investment in U.S. network infrastructure by 2030
AT&T Inc. (NYSE:T) said it plans to invest more than $250 billion over the next five years to expand its fiber and wireless network infrastructure across the United States through 2030, according to a company announcement. The telecommunications group stated that the investment will be directed toward expanding fiber networks, 5G home internet, wireless services…
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Futures climb as Trump says Iran conflict could end “very soon” – what’s moving markets: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures pointed higher on Tuesday while oil prices moved lower after President Donald Trump suggested the war with Iran, now more than a week old, may conclude “very soon.” The comments helped calm investor nerves, although Iran signaled it is prepared to keep fighting and has reportedly warned it could halt oil shipments…
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U.S. Stocks Recover From Early Sell-Off As Trump Says Iran War Could Be Over Soon
Stocks moved sharply lower in early trading on Monday but showed a substantial turnaround over the course of the session. The major averages climbed well off their worst levels and into positive territory, with the tech-heavy Nasdaq leading the recovery. The major averages surged in the final hour of trading, closing not far off their…
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Airline and cruise stocks slide as oil spike rattles travel sector
Shares of major airlines and cruise operators fell sharply on Monday as surging oil prices triggered a selloff in travel-related stocks. United Airlines (NASDAQ:UAL) dropped 6%, while American Airlines (NASDAQ:AAL) fell 5%. Delta Air Lines (NYSE:DAL) declined 4.5% and Southwest Airlines (NYSE:LUV) slipped 3.8%, as investors reacted to the sharp rise in crude prices. Oil…
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U.S. stocks tumble as oil rally fueled by Middle East conflict rattles markets
U.S. equities opened sharply lower on Monday as escalating tensions in the Middle East pushed oil prices toward $100 a barrel, intensifying concerns that rising energy costs could pressure economic growth. As of 09:43 ET, the S&P 500 declined 1.2% to 6,655.57, the Nasdaq Composite dropped 1.3% to 22,103.06, and the Dow Jones Industrial Average…
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Amazon Pharmacy launches Zepbound KwikPen with $299 monthly starting price
Amazon Pharmacy (NASDAQ:AMZN) said it has begun offering Eli Lilly’s Zepbound KwikPen, a multi-dose injectable medication for weight management, with cash-pay pricing starting at $299 per month for the 2.5 mg introductory dose, according to a company press release. The offering further expands Amazon’s growing presence in healthcare as the $2.29 trillion company continues broadening…
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Oracle refutes reports of issues at Abilene AI data center
Oracle Corporation (NYSE:ORCL) rejected recent media claims suggesting problems at its major AI data center in Abilene, Texas, saying the project remains on schedule and that it has secured the full 4.5 gigawatts of capacity pledged to OpenAI. Despite the clarification, Oracle shares were down 1.2% at $152.96 in pre-market trading, reflecting broader weakness across…
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Five key themes for markets in the week ahead
The conflict involving Iran continues to intensify at the start of the new week, pushing oil prices above $100 per barrel and fueling concerns about renewed global inflation pressures. At the same time, the Federal Reserve has entered its policy blackout period as a series of important inflation and labor market data releases approach. On…
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Pfizer shares slip despite encouraging trial results for eczema treatment
Pfizer Inc (NYSE:PFE) shares declined 1.15% to $26.74 in premarket trading Monday, even after the pharmaceutical company reported positive mid-stage clinical trial results for its experimental antibody therapy targeting atopic dermatitis. The drugmaker said the antibody, tilrekimig, showed meaningful improvement in symptoms of the chronic inflammatory skin condition during the study. According to Pfizer, a…
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Hims surges 44% after report Novo Nordisk may offer weight-loss drugs on its platform
Novo Nordisk (NYSE:NVO) is planning to distribute its weight-loss medications through the telehealth platform operated by Hims & Hers Health (NYSE:HIMS), signaling an unexpected thaw in relations between the companies after a recent legal clash, Bloomberg reported over the weekend. Shares of Hims — which have fallen roughly 51% so far this year — jumped…