Category: Top Story
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Strait of Hormuz Reopening Sparks Broad Rally on Wall Street
U.S. stocks surged on Friday after Iran announced that the Strait of Hormuz — the narrow waterway through which roughly a fifth of the world’s oil supply passes — is once again fully open to commercial tankers. The news sent crude prices tumbling more than 10% and lifted equities across the board, capping a third…
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Futures Signal Continued Gains for Wall Street: Dow Jones, S&P, Nasdaq
U.S. stock futures are indicating a higher open on Friday, suggesting that markets may build on the upward momentum seen in recent sessions. Investor sentiment continues to be supported by optimism that the U.S. conflict with Iran could be nearing an end, following recent remarks from President Donald Trump. Speaking at an event in Las…
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Netflix Slides 10% After Weak Q2 Outlook; Co-Founder Hastings to Step Down
Netflix (NASDAQ:NFLX) shares dropped almost 10% in premarket trading on Friday after the company issued second-quarter guidance that fell short of Wall Street expectations. The streaming group projected Q2 2026 earnings per share of $0.78, below the consensus forecast of $0.84. Revenue is expected to reach $12.57 billion, also missing estimates of $12.64 billion. In…
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Apple iPhone Shipments Jump 20% in China, Defying Broader Market Weakness
Apple’s (NASDAQ:AAPL) iPhone shipments in China rose 20% in the first quarter, marking the strongest growth among major smartphone vendors, even as the overall market contracted due to rising memory chip costs, according to data from Counterpoint Research. The U.S. technology giant climbed to second place during the quarter, supported by steady demand for its…
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Trump Signals Iran Conflict May End “Soon” as Netflix Slides — Market Movers: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures were little changed on Friday as investors adopted a cautious stance ahead of potential weekend talks between Washington and Tehran. Optimism around a lasting de-escalation was supported by a ceasefire between Israel and Lebanon, while U.S. President Donald Trump indicated the conflict with Iran could be nearing its conclusion. Meanwhile, Netflix (NASDAQ:NFLX)…
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Earnings Optimism and Chipmaker Strength Lift S&P 500 and Nasdaq to Fresh Records
U.S. stocks ground higher on Wednesday as a wave of upbeat earnings reports — headlined by blowout results from TSMC — reinforced confidence in the artificial-intelligence spending cycle and helped the major averages extend their winning runs. Progress in U.S.-Iran ceasefire negotiations continued to underpin sentiment, keeping energy prices contained and encouraging investors to add…
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Intel Unveils Core Series 3 Mobile Chips Aimed at Value Segment
Intel (NASDAQ:INTC) has introduced its new Core Series 3 mobile processors, designed for value-focused consumers, business users, and edge computing applications. The chips are built using Intel’s 18A process technology and are manufactured in the United States. According to the company, the new processors deliver up to 47% higher single-thread performance and up to 41%…
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American Express Edges Higher After Hypercard Deal
Shares of American Express Company (NYSE:AXP) ticked up slightly after the firm announced an agreement to acquire Hypercard, a provider of AI-driven expense management solutions. Hyper develops artificial intelligence tools that automate tasks such as expense categorization, policy compliance checks, and deadline reminders. The acquisition aligns with American Express’s broader push to embed AI capabilities…
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Charles Schwab Tops Q1 Forecasts on Strong Client Activity
The Charles Schwab Corporation (NYSE:SCHW) delivered first-quarter results ahead of analyst expectations, supported by high levels of client engagement and record trading volumes. The firm reported adjusted earnings per share of $1.43, beating the $1.39 consensus by $0.04. Revenue reached a record $6.48 billion, slightly above the $6.47 billion forecast and up 16% from $5.6…
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Wall Street Set for Further Gains as U.S.-Iran Talk Optimism Builds: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures point to a slightly higher open on Thursday, suggesting equities could build on the strong rally seen in recent sessions. Markets appear poised to carry forward the positive momentum that pushed both the Nasdaq and S&P 500 to record closing highs on Wednesday. Investors remain hopeful about a potential second round of…