Category: Top Story
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American Express Hit with Fine by India’s Central Bank Over Card Regulation Breaches
American Express Banking Corp (NYSE:AXP) has been fined 3.18 million rupees ($35,818) by the Reserve Bank of India for failing to adhere to credit and debit card issuance rules. The central bank stated that American Express did not return certain credit balances to cardholders, arising from refunds, failed transactions, or reversals, which should have been…
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Dow Jones, S&P, Nasdaq, Wall Street Futures Point to Higher Open Amid Ongoing Shutdown
U.S. equity futures were modestly higher early Friday, suggesting the market could build on its record-setting run even as the government shutdown drags on with no clear resolution in sight. Markets Defy Political Gridlock The rally in stocks has persisted despite warnings from policymakers that the standoff in Washington could weigh on the broader economy.…
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Ovid Therapeutics Shares Surge After Positive Epilepsy Drug Trial Results
Ovid Therapeutics Inc. (NASDAQ:OVID) stock jumped 20% following the announcement of encouraging topline results for its next-generation GABA-aminotransferase inhibitor, OV329. The Phase 1 study highlighted strong inhibitory activity and a potential best-in-class safety profile for the therapy. The trial involved 68 healthy volunteers and demonstrated that OV329 achieved statistically significant inhibition of GABA-AT across several…
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Applied Materials Shares Drop After Warning of Revenue Impact from New U.S. Export Rule
Applied Materials (NASDAQ:AMAT) shares fell 2.5% in premarket trading on Friday after the semiconductor equipment maker flagged a potential revenue hit from a recently introduced U.S. export control measure. In a regulatory filing Thursday, the company said the Bureau of Industry and Security’s new affiliate rule would reduce fiscal fourth-quarter sales by approximately $110 million…
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Champion Safe Company Expands Dealer Footprint with Guardian Lock & Security in Bismarck, North Dakota
Champion Safe Company, a leading U.S. manufacturer of high-security safes and a subsidiary of American Rebel Holdings, Inc. (NASDAQ:AREB), has announced a new dealer partnership with Guardian Lock & Security, marking its expansion into Bismarck, North Dakota. The collaboration strengthens Champion Safe’s presence across the Midwest and broadens access to its trusted security solutions for…
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Terra Innovatum Secures Additional $5 Million PIPE, Total Equity Financing Hits $42.5 Million Ahead of Business Combination with GSR III
Terra Innovatum Srl, the developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (NASDAQ:GSRT), a publicly traded special purpose acquisition company, announced Friday that they have secured an additional $5 million in private investment in public equity (PIPE), bringing total committed equity financing for their planned business combination to $42.5 million. This figure includes…
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USA Rare Earth Shares Surge 10% on Confirmation of White House Discussions
Shares of USA Rare Earth (NASDAQ:USAR) jumped more than 9% in premarket trading Friday after CEO Barbara Humpton confirmed ongoing talks with the White House. According to a CNBC report late Thursday, Humpton stated that the rare-earth magnet producer is “in close communication” with the White House. The stock’s rise comes amid a series of…
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Boeing pushes 777X entry to 2027, may record up to $4 billion charge
Boeing’s (NYSE:BA) 777X program is now slated for commercial service in early 2027, rather than next year, Bloomberg reported, citing sources familiar with the situation. Analysts suggest the delay could result in a non-cash accounting charge ranging from $2.5 billion to $4 billion, though Boeing has not provided detailed figures, according to the report. Already…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Tick Up Ahead of Services Data, Applied Materials Slides
U.S. stock futures were slightly higher Friday as traders appeared unfazed by the ongoing government shutdown, which has delayed the release of several critical economic reports. Investors are now focusing on private-sector indicators to gauge the health of the services sector, while corporate developments also impacted after-hours trading. Shares of Applied Materials (NASDAQ:AMAT) fell after…
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Oil Jumps 1% After U.S. Refinery Fire, Set to End Four-Day Slide
Crude oil prices climbed 1% on Friday, rebounding from four consecutive days of losses after a fire broke out at one of the largest refineries on the U.S. West Coast. Despite Friday’s gains, oil remains on track for its steepest weekly decline since late June. Brent futures rose 61 cents, or 1%, to $64.73 a…