Category: Top Story
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Wall Street Set for Steeper Losses on Valuation Fears and Rate Uncertainty
U.S. stock futures pointed sharply lower on Friday, signaling that Wall Street may face another wave of selling after Thursday’s steep decline. Technology shares look set to remain a major drag on the market, with chipmakers Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) sinking more than 3 percent in premarket trading amid renewed valuation worries.…
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AI boom is mirroring past speculative cycles and may be nearing its peak, BCA warns
Artificial intelligence is exhibiting the same telltale signs seen in earlier investment bubbles that eventually collapsed, according to a new analysis from BCA Research, which cautions that the current surge could begin to fade within the next year. In a report authored by Peter Berezin, BCA’s chief global strategist, the firm argues that its review…
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Walmart appoints John Furner as next CEO, succeeding Doug McMillon in 2026
Walmart Inc. (NYSE:WMT) announced that its board of directors has chosen John Furner to become the company’s next president and chief executive officer, with his appointment set to take effect on February 1, 2026. Furner, 51, will take over from longtime CEO Doug McMillon, 59, who plans to retire on January 31, 2026. Alongside the…
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Amazon joins Microsoft in supporting U.S. push to restrict Nvidia’s China sales – WSJ
Amazon (NASDAQ:AMZN) is aligning with Microsoft (NASDAQ:MSFT) in supporting new U.S. legislation designed to tighten controls on Nvidia’s (NASDAQ:NVDA) chip exports to China, the Wall Street Journal reported Thursday, citing congressional aides and people familiar with the discussions. Microsoft has already publicly endorsed the Gain AI Act—a proposed bill that would require Nvidia and other…
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Bitcoin drops to six-month low under $100,000 as expectations for a December Fed cut fade
Bitcoin (COIN:BTCUSD) sank below the key $100,000 mark on Friday, sliding in tandem with a broader pullback in high-risk assets as traders increasingly doubted the likelihood of the Federal Reserve delivering a rate cut in December. The world’s largest cryptocurrency was also poised to notch its third straight weekly decline, with institutional participation weakening noticeably.…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Futures edge lower after steep market rout; Applied Materials cautions on China: key drivers for markets today
U.S. stock futures slipped early Friday, extending the previous session’s sharp selloff — the worst single-day drop for equities in more than a month. Investors were still digesting warnings from Applied Materials (NASDAQ:AMD) that chipmaking equipment spending in China is expected to decline next year due to U.S. export restrictions. Meanwhile, media reports pointed to…
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First mover in the newly opened Mendoza province in Argentina’s copper frontier
In this episode of The Capital Compass, Ricki Lee speaks with James Hedalen, CEO of Kobrea Exploration Corp. (CSE:KBX) (USOTC:KBXFF) — the first foreign pubic company to secure an exploration permit in Argentina’s newly opened Mendoza province. Known globally for its copper-rich regions, Argentina’s Mendoza has historically been closed to exploration — until now. With a vast…
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Dow Jones, S&P, Nasdaq, Futures, Disney Selloff Poised to Drag on Wall Street
U.S. equity futures pointed lower on Thursday, signaling that stocks may lose ground at the open after two straight sessions of mixed trading. Market sentiment is being pressured by a sharp pre-market decline in Disney (NYSE:DIS), whose shares are down 6.0 percent after the company posted fiscal fourth-quarter earnings that topped expectations but delivered revenue…
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Disney tops profit expectations despite slump in entertainment earnings
Walt Disney (NYSE:DIS) delivered better-than-expected fiscal fourth-quarter earnings on Thursday, even as weakness across its entertainment division weighed on overall performance. The group’s studio and TV arm continued to feel the strain of softer audience reception and structural industry shifts. Operating income for the entertainment division fell more than 35% to $691 million, coming in…
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Cisco surges 7% as booming AI demand prompts annual outlook upgrade
Cisco Systems (NASDAQ:CSCO) jumped more than 7% in premarket trading on Thursday after the company lifted its full-year financial guidance, citing accelerating demand for networking hardware tied to the rapid buildout of AI-driven data centers. The tech group now expects fiscal 2026 revenue of $60.2 billion to $61 billion, up from its prior range of…