ADVFN US – Market Content Editor
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Italian Competition Watchdog Launches Investigation Into Apple’s Cloud Service Practices (AAPL)
Apple Inc. (NASDAQ:AAPL), Apple Distribution International Ltd and Apple Italia Srl are facing an investigation by Italy’s Competition Authority over the interoperability of the company’s iOS and iPadOS operating systems with third-party consumer cloud services. Focus on Digital Markets Act Compliance The regulator is examining whether Apple is meeting obligations under the Digital Markets Act…
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Oil Prices Continue Lower as Traders Await Clarity on U.S.-Iran Agreement
Oil markets remained under pressure on Tuesday, extending losses from the previous session as investors looked for further details on the interim peace agreement between the United States and Iran, which is expected to pave the way for the reopening of the Strait of Hormuz. By 09:09 GMT, Brent crude for August delivery had fallen…
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U.S.-Iran Agreement, BOJ Rate Hike and SpaceX Rally Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
Global markets were broadly cautious on Tuesday as investors assessed the implications of a preliminary peace agreement between the United States and Iran, monitored a surprise policy move from the Bank of Japan and continued to track the extraordinary post-IPO surge in SpaceX (NASDAQ:SPCX). Futures Trade in Narrow Range Ahead of Fed Meeting U.S. stock…
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Peace Deal and SpaceX Debut Fuel Broad Market Rally on Wall Street
A historic geopolitical breakthrough and one of the most anticipated stock market debuts in years combined Monday to send U.S. stocks surging across the board. President Donald Trump’s announcement over the weekend that the United States and Iran had reached a peace agreement – including the reopening of the Strait of Hormuz and the lifting…
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ON Semiconductor Shares Climb After Citi Highlights Potential Upside Ahead of Analyst Day (ON)
ON Semiconductor (NASDAQ:ON) shares gained 5% on Monday after Citi raised its price target on the chipmaker and placed the stock on its Upside Catalyst Watch list ahead of the company’s Analyst Day in September. The move reflects growing optimism around ON Semiconductor’s exposure to data centre power infrastructure and its long-term growth opportunities in…
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Powerfleet Shares Jump on Strong Fiscal 2027 Outlook Despite Earnings Miss (AIOT)
Powerfleet, Inc. (NASDAQ:AIOT) shares climbed 7.5% in premarket trading on Monday after the AIoT software-as-a-service provider issued fiscal 2027 guidance that comfortably exceeded Wall Street expectations, offsetting a weaker-than-expected earnings performance in its latest quarter. Investors focused on the company’s robust growth outlook and improving profitability metrics as management outlined expectations for another year of…
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Electronic Arts Unveils New Advertising Platform for In-Game Brand Activations (EA)
Electronic Arts Inc. (NASDAQ:EA) has introduced EA Advertising, a new platform designed to allow brands to connect directly with players through integrated advertising experiences across the company’s gaming ecosystem. The initiative enables advertisers to place dynamic and real-time marketing content within games and live experiences, creating new opportunities for engagement across EA’s global audience. New…
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Coda Octopus Shares Jump After Earnings Beat Despite Revenue Shortfall (CODA)
Coda Octopus Group, Inc. (NASDAQ:CODA) shares climbed nearly 9% in premarket trading on Monday after the underwater technology specialist reported fiscal second-quarter 2026 earnings that surpassed analyst expectations, even as revenue came in below forecasts. The company delivered stronger profitability during the quarter, supported by expanding margins and lower operating costs. Earnings Outperform Expectations For…
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Fox to Buy Roku in $22 Billion Deal to Build Streaming and Live Media Powerhouse
Fox Corp. (NASDAQ:FOX) has agreed to acquire Roku Inc. (NASDAQ:ROKU) in a cash-and-stock transaction with an enterprise value of approximately $22 billion, combining one of the largest providers of live sports and news content with a leading connected-TV platform. The acquisition represents a major strategic move as media companies seek greater scale and direct access…
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Elicio Therapeutics Shares Plunge After Pancreatic Cancer Study Misses Main Goal (ELTX)
Elicio Therapeutics Inc. (NASDAQ:ELTX) shares tumbled 47% on Monday after the company announced that its Phase 2 AMPLIFY-7P trial of ELI-002 7P in pancreatic cancer failed to achieve its primary endpoint of disease-free survival in the intent-to-treat population. The study assessed ELI-002 7P against observation in patients with resected Stage I-III mutant KRAS-driven pancreatic ductal…