Category: Top Story
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Starbucks resumes growth in comparable stores after six quarters of decline
Starbucks (NASDAQ:SBUX) pleased the market by reporting growth in comparable store sales for the first time in over a year, proving that its “Back to Starbucks” turnaround plan, led by CEO Brian Niccol, is showing results. Even with lower-than-expected profits, investors initially reacted positively, with Starbucks shares rising 1.6% after the market closed, despite a…
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Get in now: How DroneShield, NEO Battery Materials, and Hensoldt are benefiting from exploding defense budgets
The drone revolution is fundamentally changing warfare and driving defense spending to unprecedented heights. This technological turning point is opening up unique investment opportunities. Analysts are already talking about a supercycle in this area. Those who invest now in the key technologies of tomorrow can benefit from this structural megatrend. Three specialized companies that embody…
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Fubo Shares Surge After Completing Merger with Disney’s Hulu + Live TV
fuboTV Inc. (NYSE:FUBO) shares soared 29% on Wednesday after the sports-first streaming platform announced the completion of its merger with Disney’s (NYSE:DIS) Hulu + Live TV business, creating a new powerhouse in the U.S. pay television market. The combined company becomes the sixth-largest pay TV provider in the United States, serving nearly 6 million subscribers…
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Micron Shares Rise as SK Hynix Outlook Signals Faster Memory Market Recovery
Micron Technology (NASDAQ:MU) shares climbed 3% in premarket trading Wednesday after SK Hynix delivered a strong third-quarter report pointing to a sharper-than-expected rebound in the global memory market. The South Korean memory giant’s results indicated clear visibility into demand across product lines through 2026, alongside plans to ramp up investment to address expected supply shortages…
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Hormel Foods Shares Fall After CFO Exit and Earnings Warning
Hormel Foods Corporation (NYSE:HRL) shares fell 3.4% in premarket trading Wednesday after the packaged food maker announced a key leadership change and cautioned investors about lower-than-expected fourth-quarter earnings. The company — known for its SPAM and PLANTERS brands — said that Chief Financial Officer Jacinth Smiley will leave the company “to pursue other opportunities.” Paul…
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Canadian Solar Shares Jump as e-STORAGE Completes 220 MWh Battery Project in Australia
Canadian Solar Inc. (NASDAQ:CSIQ) shares surged 8.8% in premarket trading Wednesday after the solar and energy storage company announced that its subsidiary e-STORAGE had successfully completed a major battery project in South Australia. The company said that e-STORAGE, part of its majority-owned unit CSI Solar Co., Ltd., achieved commercial operation of the 220 MWh DC…
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Supermicro Shares Gain After Launching Federal Subsidiary to Deepen U.S. Government Partnerships
Super Micro Computer, Inc. (NASDAQ:SMCI) shares climbed 4% on Wednesday after the AI server manufacturer announced the creation of a dedicated federal subsidiary aimed at expanding its footprint within the U.S. government technology sector. The new entity, named Super Micro Federal LLC, will focus on accelerating the delivery of high-performance computing and AI-driven systems to…
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AST SpaceMobile Shares Climb After $175 Million stc Deal for Direct-to-Device Connectivity
AST SpaceMobile (NASDAQ:ASTS) shares rose 7% on Wednesday after the satellite communications company announced a 10-year commercial partnership with stc group, valued at $175 million in prepayments and including a long-term revenue commitment. The agreement aims to deliver direct-to-device mobile connectivity across Saudi Arabia and several key markets in the Middle East and Africa. As…
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Fortive Shares Jump After Q3 Earnings Beat and Upgraded Full-Year Outlook
Fortive Corporation (NYSE:FTV) shares climbed nearly 6% in premarket trading Wednesday after the technology and industrial solutions company delivered stronger-than-expected third-quarter results and raised its full-year profit forecast, supported by solid execution across its business segments. Fortive reported adjusted earnings of $0.68 per share, well above the analyst consensus of $0.57, while revenue rose 2.3%…
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Gildan Shares Climb After Record Q3 Earnings Beat Despite Modest Revenue Miss
Gildan Activewear Inc. (NYSE:GIL) shares rose more than 3% in premarket trading Wednesday after the Montreal-based apparel maker reported record third-quarter adjusted earnings, demonstrating solid profitability even as revenue came in slightly below expectations. The company posted adjusted earnings of $1.00 per share, narrowly topping the consensus estimate of $0.99. Revenue totaled $911 million, missing…