Category: Top Story
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Tesla granted more time to answer NHTSA inquiry into Full Self-Driving
U.S. vehicle safety regulators have agreed to give Tesla (NASDAQ:TSLA) extra time to respond to an investigation examining whether its cars violated traffic laws while operating with the company’s Full Self-Driving software. The National Highway Traffic Safety Administration said on Friday that it has pushed back Tesla’s deadline for key submissions to February 23. The…
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Oral Wegovy posts 3,071 prescriptions in first four days after U.S. launch
Novo Nordisk (NYSE:NVO) recorded 3,071 U.S. prescriptions for the oral version of Wegovy in the first four days following its launch, according to data from IQVIA cited by analysts on Friday. The drugmaker rolled out the pill formulation of its weight-loss therapy as it competes with Eli Lilly (NYSE:LLY) in the fast-growing obesity treatment market.…
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Futures Signal Slightly Higher Start for Wall Street: Dow Jones, S&P, Nasdaq
U.S. stock index futures were indicating a mildly higher open on Friday, setting the stage for equities to build on the rebound recorded in the previous session. Markets could continue to draw support from Thursday’s upward momentum, which was driven by a favorable response to earnings from companies such as Taiwan Semiconductor (NYSE:TSM), Goldman Sachs…
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Italy probes Microsoft sales methods tied to ‘Call of Duty’ and ‘Diablo’ games
Italy’s competition authority said on Friday it has opened investigations into Microsoft’s (NASDAQ:MSFT) Activision Blizzard division over what it described as allegedly “misleading and aggressive” sales practices linked to the video games “Diablo Immortal” and “Call of Duty Mobile”. The watchdog, which is also responsible for enforcing consumer protection rules, said the company was “operating…
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Boeing strikes provisional labor pact with 1,600 technical staff
Boeing Co. (NYSE:BA) has secured a tentative labor agreement with SPEEA, the union that represents about 1,600 technical employees who joined the aerospace group following its acquisition of Spirit AeroSystems Holdings Inc. last year. According to a statement issued by SPEEA on Thursday, the proposed contract includes a $6,000 ratification bonus and a 20% increase…
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Futures edge up as TSMC results reignite AI momentum; banks in focus: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures tied to the major benchmarks traded modestly higher after robust earnings from Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) lifted sentiment in the prior session. Shares of the world’s largest contract chipmaker advanced in Taiwan, while investors turned their attention to a fresh batch of U.S. bank earnings. In commodities, gold eased from record…
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Lithium shortage grows: How BYD, NEO Battery Materials, and DroneShield are benefiting
A new era of scarcity is dawning. Lithium prices are skyrocketing. As lithium becomes the strategic oil of the 21st century, entirely new technologies are fueling the appetite for energy. Electric mobility, drones, robotics, and AI all have one thing in common: they are driving up demand for energy storage systems that need to be…
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U.S. Stocks Pull Back Off Best Levels But Still Close Higher
After turning in a strong performance for much of the session, stocks gave back some ground in the latter part of the trading day on Thursday but managed to remain mostly higher. The major averages all ended the day in positive territory, regaining some ground following the pullback seen over the two previous sessions. The…
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BlackRock tops fourth-quarter forecasts as assets climb to $14 trillion
BlackRock, Inc. (NYSE:BLK) reported stronger-than-expected fourth-quarter results on Thursday, posting adjusted earnings per share of $13.16, above analyst estimates of $12.44. Revenue reached $7.0 billion, exceeding the consensus forecast of $6.75 billion. The world’s largest asset manager ended the quarter with assets under management totaling $14 trillion, driven by record quarterly net inflows of $342…
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Chip equipment makers rally as TSMC lifts capex and signals strong 2026 growth
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) sparked a broad rally in semiconductor equipment stocks on Thursday after unveiling sharply higher capital spending plans and a bullish revenue outlook for 2026. Shares of major chip equipment suppliers surged following the announcement. Lam Research (NASDAQ:LRCX) jumped 7%, Applied Materials (NASDAQ:AMAT) climbed 8%, KLA Corporation (NASDAQ:KLAC) rose 6%, and…