Category: Top Story
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Google expands Pentagon partnership with AI deal for classified operations
Google (NASDAQ:GOOG) has entered into a new agreement with the U.S. Department of Defense that allows the Pentagon to use its artificial intelligence models in classified work, according to a report by The Information, citing a source familiar with the matter. Under the terms of the deal, the Pentagon is authorized to apply Google’s AI…
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Nvidia hits historic valuation milestone with record market cap
Nvidia (NASDAQ:NVDA) has reached an unprecedented milestone, achieving the highest market capitalization ever recorded by a publicly traded company. The chipmaker approached $5.3 trillion in value after closing at a new all-time high of $216.61 per share, up 4%, surpassing its previous peak of $212 set last autumn. The stock’s rise has been remarkable over…
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Markets search for direction as geopolitics and earnings dominate focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to major U.S. equity indices traded mixed on Tuesday, as investors weighed reports that U.S. President Donald Trump is dissatisfied with Iran’s latest proposal to end their two-month conflict. At the same time, corporate developments and central bank signals added to the market’s cautious tone. OpenAI reportedly fell short of internal revenue targets,…
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S&P 500, Nasdaq Hit Fresh Records While Dow Dips as Oil Prices Climb on Iran Tensions
U.S. stocks finished Monday’s session in mixed fashion as investors weighed strong earnings results against renewed geopolitical anxiety in the Middle East. The S&P 500 and Nasdaq Composite both closed at record highs, buoyed by a powerful rally in semiconductor and telecom shares, but gains across the broader market were capped after reports that U.S.-Iran…
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From Global Tensions to Canadian Strength: Volatility, Commodities & Capital
Markets have remained volatile through April, driven by geopolitical tensions in the Middle East and rapid shifts in investor sentiment. In this episode of The Market This Month, Anna Serin and Bruce Campbell break down the recent market swings, the divergence between oil and metals, and why Canadian markets — particularly small and mid-caps —…
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Domino’s Pizza Shares Slip After Q1 Earnings Miss Expectations
Domino’s Pizza, Inc. (NASDAQ:DPZ) reported first-quarter results on Monday that came in below Wall Street forecasts, sending shares down 3.8% in premarket trading. The company posted adjusted earnings per share of $4.13, missing analyst estimates of $4.28. Revenue totaled $1.15 billion, also falling short of the $1.17 billion consensus, though it marked a 3.5% increase…
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Meta Secures Space-Based Solar Energy Deal to Power AI Data Centers
Meta Platforms (NASDAQ:META) announced Monday that it has entered into an agreement to purchase up to 1 gigawatt of space-based solar energy from Overview Energy, a company developing satellite technology to harvest sunlight in orbit and transmit it back to Earth as electricity. The planned capacity is roughly equivalent to the output of a nuclear…
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Apple Shares Edge Lower on Report of OpenAI Chip Ambitions
Apple Inc. (NASDAQ:AAPL) declined 1.5% as of 6:42 a.m. in New York on Monday following reports that OpenAI is exploring the development of smartphone processors. According to TF International Securities analyst Ming-Chi Kuo, industry checks suggest OpenAI is working with Qualcomm Inc. and MediaTek Inc. on potential chip designs aimed at mobile devices. Potential Ecosystem…
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Verizon Rises After Earnings Beat and Upgraded Outlook
Verizon Communications Inc. (NYSE:VZ) moved higher in premarket trading after delivering first-quarter earnings that topped expectations and lifting its full-year profit outlook, despite revenue coming in below forecasts. Shares gained 4.9% ahead of the open, supported in part by the company’s first positive first-quarter postpaid phone net additions since 2013. Earnings Top Estimates While Revenue…
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Peloton Shares Rise on New Spotify Fitness Collaboration
Peloton Interactive (NASDAQ:PTON) climbed 6% on Monday after Spotify (NYSE:SPOT) revealed a new partnership that brings Peloton fitness content to its platform. Through the collaboration, Spotify Premium subscribers in supported regions will be able to access more than 1,400 ad-free, on-demand classes from Peloton as part of their existing memberships. The offering spans a range…