Category: Top Story
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Google Set to Move Production of Premium Smartphones to Vietnam, Report Says
Google (NASDAQ:GOOG) is preparing to start developing and manufacturing its top-tier smartphones in Vietnam later this year, according to a report published Tuesday by Nikkei Asia. Citing sources familiar with the plans, the report said Google will carry out new product introduction (NPI) work in Vietnam for its Pixel, Pixel Pro and Pixel Fold models,…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Edge Lower Ahead of CPI Data and JPMorgan Results
Futures tied to the main U.S. equity benchmarks traded modestly lower on Tuesday, as investors positioned themselves for a key inflation release and the opening wave of quarterly earnings. Markets are also digesting political fallout linked to an investigation involving the Federal Reserve, while oil prices continued to climb amid unrest in Iran. Futures ease…
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U.S. Stocks Recover From Initial Pullback To Close Modestly Higher
Stocks moved to the downside at the start of trading on Monday but showed a notable recovery over the course of the session. The major averages climbed well off their lows of the session and into positive territory, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back…
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Meta Platforms Appoints Dina Powell McCormick as President
Meta Platforms (NASDAQ:META) said on Monday that it has named Dina Powell McCormick as president and vice chair, marking a notable shift in the company’s senior leadership. The announcement comes only weeks after Powell McCormick stepped down from Meta’s board of directors, moving from a non-executive role into one of the company’s top management positions.…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slide Further as Political Pressure Intensifies Around Fed Chair
U.S. equity index futures extended losses on Monday as concerns mounted over the independence of the Federal Reserve, following confirmation that the Justice Department has opened a criminal investigation into testimony by Fed Chair Jerome Powell regarding cost overruns tied to a $2.5 billion renovation of the central bank’s Washington headquarters. By 05:50 ET, Dow…
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Walmart Shares Jump After Confirmation of Nasdaq-100 Index Inclusion
Walmart (NYSE:WMT) shares climbed about 3.6% on Monday morning after the retail giant was named as a new constituent of the Nasdaq-100 Index, with the change set to take effect on January 20, 2026. The world’s largest retailer will take the place of AstraZeneca (NASDAQ:AZN) in the high-profile index, which tracks the performance of 100…
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Moderna Shares Edge Higher After Company Lifts Revenue Outlook
Moderna (NASDAQ:MRNA) shares rose about 1% on Monday morning after the biotechnology company increased its revenue outlook for 2025 to around $1.9 billion, coming in slightly above analysts’ expectations of $1.89 billion. The updated forecast represents an improvement from the $1.6 billion to $2.0 billion range outlined during the company’s third-quarter earnings call. Alongside the…
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Exxon Shares Slip After Trump Says Company Is Being “Too Cute” on Venezuela
Shares in Exxon Mobil (NYSE:XOM) edged lower after U.S. President Donald Trump suggested the oil giant could be excluded from Venezuela’s energy sector, criticizing its stance on a potential return to the country. “I didn’t like Exxon’s response. You know we have so many that want it. I’d probably be inclined to keep Exxon out,”…
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Eli Lilly Reportedly Prepares €15bn Bid for French Biotech Abivax
Eli Lilly (NYSE:LLY) is said to be working on a potential €15 billion offer to acquire French biotechnology company Abivax (NASDAQ:ABVX), according to a report published on Monday by La Lettre. The U.S. pharmaceutical group has not yet formally approached Abivax’s board, but remains interested in the transaction, the report said. Before launching an official…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Fresh Pressure on Fed’s Powell, Iran Unrest in Spotlight as Markets Turn Cautious
U.S. equity futures were pointing lower at the start of a busy week for markets, with attention centred on renewed political scrutiny of Federal Reserve Chair Jerome Powell and escalating unrest in Iran. Powell moved into focus late Sunday after suggesting that a U.S. Department of Justice investigation into a Federal Reserve renovation project was…