Category: Top Story
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Dow Jones, S&P, Nasdaq, Futures, Wall Street Set for Higher Open as Tech Stocks Lead Early Gains
U.S. stock futures pointed to a positive start on Wednesday, signaling a rebound on Wall Street after a mixed performance in the previous session. Technology shares looked set to drive the early momentum, with Nasdaq 100 futures up 0.6%, suggesting renewed buying interest in the sector. Advanced Micro Devices (NASDAQ:AMD) jumped 6.5% in premarket trading…
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Bill Holdings Shares Soar Over 13% on Reports of Possible Sale Discussions
Bill Holdings (NYSE:BILL) jumped more than 13% in premarket trading on Wednesday after multiple media outlets reported that the payments and financial automation software provider is exploring strategic alternatives, including a potential sale. According to Bloomberg News and Reuters, the San Jose, California-based firm has engaged a financial advisor to assess interest from both larger…
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AMD Shares Jump as Chipmaker Unveils Ambitious AI Data Center Growth Targets
Advanced Micro Devices (NASDAQ:AMD) gained 5.5% in premarket trading on Wednesday, after the semiconductor giant outlined aggressive long-term growth goals during its first financial analyst day in three years. The company’s stock has climbed 16% since early October, following the announcement of a multiyear partnership with ChatGPT creator OpenAI, a deal expected to generate tens…
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Dingdong Shares Rise Despite Revenue Shortfall in Q3 Results
Dingdong (NYSE:DDL), one of China’s leading fresh grocery e-commerce platforms, reported third-quarter results on Wednesday that reflected sustained profitability even as revenue came in slightly below market forecasts. The company’s shares rose 1.69% in pre-market trading following the announcement. Dingdong reported revenue of RMB6.66 billion ($935.9 million) for the quarter, up 1.9% year-over-year, but just…
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General Motors Instructs Suppliers to Phase Out Chinese Components by 2027
General Motors (NYSE:GM) has reportedly instructed thousands of its suppliers to remove Chinese-made parts and materials from their production chains, according to Reuters, citing sources familiar with the company’s plans. Executives at the U.S. automaker have told suppliers to begin sourcing components and raw materials from alternative locations outside China, as part of a broader…
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Tencent Music Shares Gain Over 2% After Beating Q3 Profit and Revenue Estimates
Tencent Music Entertainment Group (NYSE:TME) posted third-quarter earnings that topped market forecasts, supported by strong growth in its online music segment. Shares of the company rose 2.41% in pre-market trading following the announcement. The Chinese music streaming giant reported adjusted earnings per ADS of RMB1.54 ($0.22), narrowly beating analyst expectations of RMB1.52. Total revenue climbed…
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Eli Lilly Cuts Ties with CVS as Employee Pharmacy Provider After Weight-Loss Drug Snub: Report
Eli Lilly (NYSE:LLY) has decided to end its partnership with CVS Health (NYSE:CVS) as the pharmacy benefits provider for its U.S. employees, following CVS’s decision to drop coverage of Lilly’s weight-loss medication in favor of a rival treatment from Novo Nordisk (NYSE:NVO), Bloomberg News reported Tuesday. According to documents reviewed by Bloomberg, the change will…
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OIV: Climate Extremes Keep Global Wine Output Below Average for Third Year
Global wine production showed a mild recovery in 2025 but stayed below the long-term average for the third consecutive year as vineyards worldwide continued to battle erratic climate conditions, according to the International Organization of Vine and Wine (OIV). Preliminary figures from the OIV estimate global wine output at 232 million hectolitres (mhl), a 3%…
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IEA: Oil and Gas Demand Likely to Rise Through 2050, Putting Climate Goals Out of Reach
Global demand for oil and gas is expected to keep growing until 2050, according to the International Energy Agency (IEA), signaling a dramatic reversal from earlier forecasts that anticipated a swift global shift toward renewable energy. The agency’s latest assessment warns that the world is unlikely to meet its climate targets under existing policy frameworks.…
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Dollar Edges Up as Traders Await U.S. Shutdown Resolution and Fed Signals
The U.S. dollar rose slightly on Wednesday, steadying amid muted trading as investors anticipated the formal end of the country’s longest-ever government shutdown. With volatility subdued, markets turned their focus to the Federal Reserve’s upcoming policy meeting and key labor market data expected once the government reopens. At 04:40 ET (09:40 GMT), the Dollar Index,…