Category: Top Story
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PepsiCo Shares Rise After Q3 Earnings Beat Despite Reduced Full-Year Profit Outlook
PepsiCo (NASDAQ:PEP) shares gained more than 1% in pre-market trading on Thursday after the food and beverage group reported third-quarter earnings and revenue above analysts’ expectations, although it lowered its full-year profit growth forecasts amid higher operating costs and continued challenges in North America. The company reported core earnings of $2.34 per share, exceeding Wall…
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Greenland Mines Brings Two Major Critical Minerals Opportunities Together
Greenland Mines Ltd (NASDAQ:GRML), (FSE: HK6) is bringing together two significant critical minerals opportunities in Greenland, combining its established Skaergaard palladium-gold-platinum project with the newly acquired Sarfartoq neodymium-praseodymium rare earths project. The combination gives the company exposure to two strategically important areas of the critical minerals market while establishing the foundations of a broader North…
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Levi Strauss Shares Fall as Revenue Miss and Tariff Refunds Overshadow Earnings Beat
Levi Strauss & Co. (NYSE:LEVI) shares declined 1.2% to $19.28 in pre-market trading on Thursday as investors assessed the company’s third-quarter fiscal 2026 results, which exceeded profit expectations but fell short of revenue forecasts and highlighted weakness in its US direct-to-consumer business. The denim and apparel manufacturer reported adjusted earnings of $0.48 per share, comfortably…
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US Stock Futures Fall as AI Debt Financing, Rising Bond Yields and Oil Prices Weigh on Markets: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures declined on Thursday as investors assessed rising government bond yields, renewed concerns about Middle East energy supplies and reports of substantial borrowing plans linked to artificial intelligence infrastructure. Attention also turned to quarterly results from Applied Digital (NASDAQ:APLD), preliminary earnings from Samsung Electronics (USOTC:SSNHZ) and minutes from the Federal Reserve’s September monetary…
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Wall Street Pulls Back From Record Highs as Treasury Yields Climb
U.S. stocks slipped on Wednesday, giving back a little ground a day after the S&P 500 and Nasdaq Composite closed at all-time highs. The main pressure came from the bond market, where long-term Treasury yields jumped to their highest levels in more than two decades before easing. Higher yields make borrowing more expensive and can…
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US Stock Futures Fall as Treasury Yields Rise Ahead of Fed Minutes: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures pointed to a lower open on Wednesday after the Nasdaq and S&P 500 reached record closing highs in the previous session, while Treasury yields and crude oil prices moved higher. The yield on the benchmark ten-year Treasury returned to its highest levels since 2002. Oil prices also rebounded from their lowest level…
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Microsoft and Nvidia to Unveil AI-Powered Surface Laptop Ultra
Microsoft (NASDAQ:MSFT) is set to unveil a new laptop powered by Nvidia (NASDAQ:NVDA) chips on Wednesday as the companies expand efforts to run artificial intelligence workloads directly on personal computers. Microsoft Chief Executive Satya Nadella and Nvidia Chief Executive Jensen Huang are expected to introduce the Surface Laptop Ultra at a Microsoft-hosted event in San…
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Musk Says Tesla and SpaceX Will Build and Operate Terafab AI Chip Complex
Tesla (NASDAQ:TSLA) and SpaceX (NASDAQ:SPCX) Chief Executive Elon Musk said the companies will build and operate the planned Terafab artificial intelligence chip manufacturing complex in Texas, while TSMC (NYSE:TSM) could potentially sublease part of the facility. Terafab is a planned joint Tesla-SpaceX project intended to establish a large-scale semiconductor manufacturing facility for artificial intelligence chips.…
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SpaceX Seeks $40 Billion Financing for Nvidia Chips, FT Reports
SpaceX (NASDAQ:SPCX) is seeking $40 billion in financing for purchases of Nvidia (NASDAQ:NVDA) artificial intelligence chips, with Apollo Global Management (NYSE:APO) expected to lead the transaction, according to the Financial Times, citing people familiar with the matter. SpaceX shares fell 1.9% in pre-market trading following the report. The company is seeking approximately $10 billion in…
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US Futures Edge Lower Ahead of FOMC Minutes as Constellation Brands Reports Results: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved slightly lower on Wednesday as investors awaited minutes from the Federal Reserve’s September policy meeting, while corporate developments at SpaceX, Constellation Brands and Levi Strauss were also in focus. At 06:56 GMT, Dow futures were down 108 points, or 0.2%, while S&P 500 futures were broadly unchanged. Nasdaq 100 futures declined…