Category: Top Story
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PayPal Shares Slip After Analyst Downgrade Highlights Four Key Headwinds
PayPal (NASDAQ:PYPL) shares moved lower on Thursday after a Morgan Stanley analyst downgraded the stock, pointing to a combination of structural challenges and execution issues that are expected to continue weighing on growth, profitability and investor confidence. Morgan Stanley analyst James Faucette cut his rating on PayPal to Underweight and reduced his price target to…
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Micron Shares Surge on Powerful Outlook Fueled by AI-Driven Memory Demand
Micron Technology (NASDAQ:MU) shares jumped sharply after the memory chipmaker delivered an upbeat outlook, projecting a significant increase in revenue, profits and record-high margins for the current quarter, underpinned by rising memory prices and robust demand linked to artificial intelligence workloads. The stock was up more than 9% in premarket trading on Thursday by 04:28…
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Apple Opens iPhone Ecosystem to Third-Party App Stores in Japan Under New Competition Law
Apple Inc (NASDAQ:AAPL) said on Wednesday that it has begun allowing third-party app stores on iPhones and other devices in Japan, a move made to comply with newly introduced legislation designed to increase competition in the smartphone market. In a statement, Apple said developers in Japan will be able to create and operate their own…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Inflation Data, Micron Outlook and BoE Decision Set the Tone for Markets
U.S. equity futures were mostly higher on Thursday, supported by upbeat guidance from semiconductor group Micron (NASDAQ:MU), although investor sentiment remains sensitive ahead of the release of key U.S. inflation figures. In Europe, several central banks are holding policy meetings, with the Bank of England expected to stand out as the only one to cut…
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U.S. Stocks Move Sharply Lower Amid Renewed Tech Weakness
After ending yesterday’s choppy session narrowly mixed, stocks moved to the upside in early trading on Wednesday but quickly came under pressure. The major averages pulled back well off their highs of the session and firmly into negative territory. The major averages saw further downside going into the end of the day, closing just off…
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Oracle Shares Slide After Report Says Blue Owl Pulls Support for Michigan Data Center
Oracle (NYSE:ORCL) shares fell 2.4% in U.S. premarket trading after a Financial Times report said that Blue Owl Capital, Oracle’s largest partner in data center development, has opted not to support a proposed $10 billion data center project in Michigan that was set to serve OpenAI. According to the report, Blue Owl had been in…
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General Mills Delivers Q2 Beat Despite Drag from Yogurt Business Sale
General Mills (NYSE:GIS) posted stronger-than-expected second-quarter results on Wednesday, overcoming notable pressure from recent portfolio changes, including the divestment of its yogurt operations. The company reported adjusted earnings of $1.10 per share, ahead of analyst expectations of $1.02. Following the earnings release, General Mills shares rose 1.17%. For the quarter ended November 23, net sales…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Energy Shares Poised to Support Higher Start for U.S. Markets
U.S. stock index futures are signaling a slightly positive open on Wednesday, suggesting equities may push higher after a mixed and uneven performance in the previous session. Early gains on Wall Street could be led by the energy sector, following a sharp rebound in crude oil prices. Oil has climbed well off its lowest levels…
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Warner Bros. Board Set to Reject Paramount’s $108.4 Billion Bid, Sources Say
The board of Warner Bros. Discovery (NASDAQ:WBD) is expected to recommend that shareholders vote against a $108.4 billion takeover proposal from Paramount Skydance (NASDAQ:PSKY), according to people familiar with the matter. Sources indicate that the move would reaffirm Warner Bros. Discovery’s preference for an existing transaction with Netflix (NASDAQ:NFLX), marking another development in the competitive…
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Nvidia Reportedly Preparing Major Data Center Project in Israel
Nvidia (NASDAQ:NVDA) is said to be moving forward with plans to establish what would become the largest server farm in Israel, according to a report published by Calcalist. The report indicates that the semiconductor company is expected to formally unveil the project in the near future, though it did not disclose the sources behind the…