Category: Top Story
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S&P 500 and Nasdaq Notch Record Highs as AI Rally and Easing Bond Yields Lift Wall Street
U.S. stocks finished higher on Tuesday, with the S&P 500 and Nasdaq Composite reaching record highs during the session as investors piled back into artificial intelligence names. A pullback in Treasury yields from Monday’s multi-decade highs gave stocks extra room to run, since lower yields make borrowing cheaper and make stocks look more attractive compared…
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Markets in Motion: Markets eye a seasonal turning point
Bruce Campbell examines market breadth, utilities, interest rates, crude oil and the seasonal signals that could shape markets into year-end.
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U.S. Stock Futures Rise as Oil Prices Extend Decline: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures pointed to a higher open on Tuesday as crude oil prices extended their decline, with Brent futures falling below $100 a barrel and U.S. crude futures dropping more than 2%. The move in oil followed reports that Middle Eastern crude exports were recovering toward levels seen before the Iran conflict, despite continued…
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Redburn Starts Coverage of U.S. Defense Stocks With Buy Ratings on Lockheed, Northrop and Kratos
Rothschild & Co Redburn initiated coverage of four U.S. defense companies on Tuesday, assigning “buy” ratings to Lockheed Martin (NYSE:LMT), Northrop Grumman (NYSE:NOC) and Kratos (NASDAQ:KTOS), while starting AeroVironment (NASDAQ:AVAV) at “neutral”. The brokerage cited the proposed $1.5 trillion U.S. military budget for fiscal 2027 as a potential source of additional demand for defense contractors.…
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Snowflake Shares Fall After Unverified Breach Claim Appears in Asos App
Snowflake (NYSE:SNOW) shares fell 2% on Tuesday morning after an unverified message sent through Asos’s mobile app claimed that attackers had “fully compromised the Snowflake instance” used by the UK retailer. The notification, addressed to Asos’s data protection officer and IT staff, claimed that attackers had gained access to the cloud data platform and threatened…
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Yocale.ai unites software, payments and AI for medspas, salons and spas
Most medspas, salons and spas are run by practitioners, from injectors and aestheticians to stylists, who got into the industry to work with clients. As the business grows, so does the admin, and scheduling, intake forms, invoicing and follow-ups start taking time away from them. To take that load off, a growing number of owners…
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Nike Shares Fall Premarket After Berenberg Downgrades Stock to Sell
Nike (NYSE:NKE) shares fell more than 1% in premarket trading on Tuesday after Berenberg downgraded the sportswear company to Sell from Hold and reduced its price target to $27.50 from $49. The brokerage cited changes in the competitive structure of the sportswear market, pressure on Nike’s lifestyle business and uncertainty around the pace of recovery…
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AMD Plans Substantial Chip Supply Increase in 2027 as AI Demand Grows
AMD (NASDAQ:AMD) plans to substantially increase chip supply in 2027 as the semiconductor company seeks to meet rising demand associated with artificial intelligence, Chief Executive Lisa Su said on Tuesday. AMD has been expanding its AI chip business, including graphics processing units used for AI workloads. “We’ve been able to increase our supply as we’ve…
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UK Regulator Opens Investigation Into Meta Over Instagram Instants Risk Assessments
Britain’s communications regulator Ofcom has opened an investigation into whether Meta Platforms (NASDAQ:META) complied with UK online safety requirements before launching the Instagram Instants feature in May. Instants allows content shared by Instagram users to disappear after it has been viewed. Ofcom said the investigation will examine whether Meta conducted “suitable and sufficient” assessments of…
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Google Nears $1 Billion-Plus Nuclear Power Agreement With Constellation, Bloomberg Reports
Google parent Alphabet (NASDAQ:GOOG) is nearing an agreement to purchase nuclear power from Constellation Energy (NASDAQ:CEG) under a multi-year contract potentially worth at least $1 billion, Bloomberg reported on Tuesday. The agreement could be announced as soon as this week, according to people familiar with the discussions cited by Bloomberg. The report said the amount…