Category: Top Story
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Stellantis Accelerates Toward Autonomous Future with Nvidia, Uber, and Foxconn Partnership
Stellantis N.V. (NYSE:STLA) has taken another major step into the autonomous driving arena, unveiling a new collaboration with Nvidia Corporation (NASDAQ:NVDA), Uber Technologies Inc. (NYSE:UBER), and Foxconn Technology Group (USOTC:FXCOF) to develop and deploy Level 4 autonomous vehicles for global robotaxi services. The move follows the automaker’s recent alliance with Pony.ai, signaling Stellantis’ accelerating push…
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Markets on Edge: Tech Giants’ Earnings, Fed Rate Decision, and Trump–Xi Talks in Focus
Global investors face a pivotal day on Wednesday, with a trio of major catalysts poised to shape sentiment — a Federal Reserve rate cut, a flood of mega-cap tech earnings, and President Donald Trump’s diplomatic visit to Asia, which could lead to a breakthrough meeting with China’s Xi Jinping. At 03:38 ET, Dow futures slipped…
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Gold Steadies Near Three-Week Low as Traders Await Fed Rate Cut and Trade Sentiment Improves
Gold prices were little changed on Wednesday, hovering close to three-week lows, as easing U.S.-China trade tensions and anticipation of a Federal Reserve rate decision kept investors on the sidelines. At 01:40 ET (05:40 GMT), spot gold was up 0.2% to $3,957.42 per ounce, while U.S. gold futures edged down 0.1% to $3,977.76. The metal…
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Oil Prices Gain as U.S.-China Meeting Fuels Optimism and Inventories Decline
Oil prices moved higher on Wednesday, lifted by a larger-than-expected draw in U.S. crude inventories and renewed optimism ahead of a high-profile meeting between the leaders of the United States and China — the world’s top two oil consumers. By 07:45 GMT, Brent crude futures rose 22 cents, or 0.34%, to $64.62 a barrel, while…
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Microsoft stock jumps after new OpenAI deal values stake at $135 billion
Microsoft (NASDAQ:MSFT) shares climbed 4% Tuesday morning after the company unveiled a new definitive agreement with OpenAI that values its stake in the AI developer at approximately $135 billion. The updated deal expands on the companies’ partnership established in 2019. Microsoft now holds roughly 27% ownership in OpenAI Group PBC on an as-converted diluted basis…
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TEN Holdings Inc stock surges after signing reseller deal with Xcyte Digital Corporation
TEN Holdings Inc (NASDAQ:XHLD) shares soared 60% in premarket trading Tuesday after the company announced a three-year digital reseller agreement with Xcyte Digital Corporation. According to a regulatory filing, the deal grants TEN Holdings the right to integrate, bundle, and resell Xcyte’s conferencing solutions to both existing and future customers. The contract runs for an…
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Quoin Pharmaceuticals Ltd stock climbs on encouraging pediatric trial results
Quoin Pharmaceuticals Ltd (NASDAQ:QNRX) shares rose 2.2% in premarket trading Tuesday after the late-stage biopharmaceutical company announced positive 9-month clinical results from its pediatric Netherton Syndrome trial and confirmed the enrollment of three additional patients. The company reported that the first pediatric patient in the study achieved fully healed skin after nine months of treatment…
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VSee Health Inc. shares surge after winning FedRAMP High authorization
VSee Health Inc. (NASDAQ:VSEE) stock skyrocketed 125% in premarket trading on Tuesday after the telehealth company announced it had secured Authority to Operate (ATO) at the FedRAMP High level from the U.S. Department of Health and Human Services (HHS). This authorization enables VSee’s telehealth platform to be deployed by HHS and other federal agencies that…
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Ecolab Q3 profit climbs 13% on stronger pricing and margins
Ecolab (NYSE:ECL) reported third-quarter earnings on Tuesday that matched analyst expectations, with higher prices and margin expansion offsetting softer demand in some markets. Despite the solid results, shares slipped 1.6% in premarket trading. The company posted adjusted earnings of $2.07 per share, a 13% increase from the year-ago period and in line with estimates. Revenue…
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Micron Technology shares dip after report of Samsung Electronics price cuts in HBM market
Shares of Micron Technology (NASDAQ:MU) fell 2% on Tuesday after reports emerged that rival Samsung Electronics plans to sharply reduce prices for high-bandwidth memory (HBM) chips, signaling more intense competition in the booming AI chip sector. According to a report from DigiTimes, Samsung is launching a strategy to cut HBM chip prices by around 30%…