Category: Top Story
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Boeing strikes provisional labor pact with 1,600 technical staff
Boeing Co. (NYSE:BA) has secured a tentative labor agreement with SPEEA, the union that represents about 1,600 technical employees who joined the aerospace group following its acquisition of Spirit AeroSystems Holdings Inc. last year. According to a statement issued by SPEEA on Thursday, the proposed contract includes a $6,000 ratification bonus and a 20% increase…
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Futures edge up as TSMC results reignite AI momentum; banks in focus: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures tied to the major benchmarks traded modestly higher after robust earnings from Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) lifted sentiment in the prior session. Shares of the world’s largest contract chipmaker advanced in Taiwan, while investors turned their attention to a fresh batch of U.S. bank earnings. In commodities, gold eased from record…
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Lithium shortage grows: How BYD, NEO Battery Materials, and DroneShield are benefiting
A new era of scarcity is dawning. Lithium prices are skyrocketing. As lithium becomes the strategic oil of the 21st century, entirely new technologies are fueling the appetite for energy. Electric mobility, drones, robotics, and AI all have one thing in common: they are driving up demand for energy storage systems that need to be…
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U.S. Stocks Pull Back Off Best Levels But Still Close Higher
After turning in a strong performance for much of the session, stocks gave back some ground in the latter part of the trading day on Thursday but managed to remain mostly higher. The major averages all ended the day in positive territory, regaining some ground following the pullback seen over the two previous sessions. The…
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BlackRock tops fourth-quarter forecasts as assets climb to $14 trillion
BlackRock, Inc. (NYSE:BLK) reported stronger-than-expected fourth-quarter results on Thursday, posting adjusted earnings per share of $13.16, above analyst estimates of $12.44. Revenue reached $7.0 billion, exceeding the consensus forecast of $6.75 billion. The world’s largest asset manager ended the quarter with assets under management totaling $14 trillion, driven by record quarterly net inflows of $342…
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Chip equipment makers rally as TSMC lifts capex and signals strong 2026 growth
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) sparked a broad rally in semiconductor equipment stocks on Thursday after unveiling sharply higher capital spending plans and a bullish revenue outlook for 2026. Shares of major chip equipment suppliers surged following the announcement. Lam Research (NASDAQ:LRCX) jumped 7%, Applied Materials (NASDAQ:AMAT) climbed 8%, KLA Corporation (NASDAQ:KLAC) rose 6%, and…
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Morgan Stanley tops fourth-quarter forecasts as strong performance lifts shares
Morgan Stanley (NYSE:MS) reported fourth-quarter results that came in ahead of Wall Street expectations, posting net revenues of $17.9 billion and earnings per share of $2.68. The figures exceeded consensus estimates of $17.72 billion in revenue and $2.41 per share, sending the firm’s shares up about 1.3% following the release. Fourth-quarter revenue rose 10.3% from…
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Goldman Sachs revenue edges lower as Apple Card transition weighs
Goldman Sachs (NYSE:GS) reported a decline in fourth-quarter net revenues, citing a markdown tied to the transfer of Apple’s large credit-card partnership to JPMorgan Chase. Despite the revenue dip, earnings surpassed expectations. The firm said the markdown was more than offset by a $2.48-billion reduction in provisions for credit losses, which lifted the bottom line…
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Tech Shares Poised to Drive Early Wall Street Bounce: Dow Jones, S&P, Nasdaq, Futures
US equity futures pointed to a firmer open on Thursday, suggesting stocks may recover some ground after losses over the previous two sessions. Technology shares were set to lead the rebound, with Nasdaq 100 futures up around 1.0%, reflecting renewed buying interest in the sector. The improved tone in tech was partly driven by a…
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Amazon Unveils AWS European Sovereign Cloud With €7.8 Billion Investment Plan
Amazon Web Services (NASDAQ:AMZN) has announced the general availability of the AWS European Sovereign Cloud, a standalone cloud platform built exclusively to meet Europe’s data sovereignty and regulatory requirements. The new cloud environment is hosted entirely within the European Union and operates as a physically and logically independent infrastructure, separate from other AWS Regions worldwide.…