Category: Top Story
-
Home Depot beats quarterly forecasts as consumer demand holds steady (HD)
Home Depot Inc. (NYSE:HD) reported first-quarter earnings and revenue ahead of Wall Street expectations, helping lift the company’s shares about 1% in premarket trading on Tuesday. The home improvement retailer posted adjusted earnings of $3.43 per share, topping analyst forecasts of $3.41 per share. Quarterly revenue came in at $41.77 billion, above the consensus estimate…
-
Google and Blackstone to launch AI cloud venture backed by $5 billion investment as shares gain (GOOGL)
New AI infrastructure company to use Google-designed chips Alphabet’s (NASDAQ:GOOGL) Google and Blackstone Inc (NYSE:BX) announced plans on Tuesday to create a new artificial intelligence cloud computing company powered by Google’s proprietary AI chips, lifting shares of both companies in premarket U.S. trading. In a joint statement, the companies said Blackstone will invest $5 billion…
-
Intel pushes PC makers toward next-generation chips amid AI demand surge (INTC)
Intel encourages wider adoption of processors built on 18A technology Intel (NASDAQ:INTC) is urging laptop and PC manufacturers to accelerate adoption of processors produced using its latest semiconductor manufacturing technology, as booming demand for artificial intelligence computing continues to strain supplies of advanced chips, Nikkei Asia reported Tuesday. According to the report, which cited industry…
-
Trump’s Iran Remarks Lift Hopes for Peace Deal as Markets Track Oil and AI Momentum: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. futures trade cautiously ahead of key earnings U.S. stock futures were little changed early Tuesday as investors weighed renewed optimism over a possible peace agreement between the United States and Iran while preparing for major technology earnings later this week. At 03:30 ET, Dow futures were broadly flat, S&P 500 futures slipped 0.1%, and…
-
Rising Treasury Yields and Iran Tensions Weigh on Tech to Start the Week
Wall Street kicked off the trading week on an uneven note Monday as rising bond yields and ongoing geopolitical uncertainty surrounding Iran kept buyers cautious. The Dow Jones Industrial Average managed a modest gain, but the tech-heavy Nasdaq slipped as higher rates pressured growth stocks. Investors appeared content to stay on the sidelines ahead of…
-
Meta to Eliminate Around 8,000 Jobs as AI Investment Push Intensifies (META)
Workforce Reductions Set to Begin This Week Meta Platforms (NASDAQ:META) is reportedly preparing to cut approximately 8,000 jobs this week, equal to roughly 10% of its workforce, according to a CNBC report published Monday. The company has also reportedly scrapped plans to hire for about 6,000 vacant positions. The layoffs are expected to begin on…
-
GoPro wins major patent dispute after court throws out claims and damages award (GPRO)
GoPro Inc. (NASDAQ:GPRO) secured a legal victory in a patent infringement case after a U.S. federal court invalidated all asserted patent claims and overturned an $8.2 million damages award previously granted against the company. Court rules remaining patent claim invalid According to a company filing, the U.S. District Court for the Northern District of California…
-
Five key themes investors will be watching in markets this week
Global bond market volatility, tensions involving Iran and a packed earnings calendar are set to dominate investor attention in the coming days. Results from AI chip leader NVIDIA (NASDAQ:NVDA) will headline the corporate agenda, alongside earnings from major retailers including Walmart (NYSE:WMT) and Target (NYSE:TGT). Markets are also monitoring reports that SpaceX could release documentation…
-
Rising bond yields and oil prices weigh on markets as Samsung gains on government intervention: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved lower on Monday as investors remained cautious amid elevated global bond yields and ongoing geopolitical tensions surrounding Iran. Oil prices stayed above the $100-per-barrel threshold, keeping inflation fears alive, while shares in Samsung Electronics advanced after South Korea’s government intervened in labor negotiations aimed at preventing a strike at the company’s…
-
Rising Yields, Oil Prices, and Fed Transition Weigh on Wall Street
Wall Street U.S. stocks pulled back sharply on Friday as a trio of headwinds — surging Treasury yields, climbing oil prices, and uncertainty around the Federal Reserve’s leadership change — combined to unwind the previous session’s record-setting rally. All three major indexes closed firmly in the red, with technology and semiconductor names bearing the brunt…