ADVFN US – Market Content Editor
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U.S. weekly jobless claims tick up slightly above expectations
The latest U.S. labor market data showed a modest increase in initial jobless claims, with 210,000 people filing for unemployment benefits for the first time last week. The figure came in slightly above expectations, with economists having forecast around 211,000 claims. Initial jobless claims — which track the number of individuals seeking unemployment benefits for…
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U.S. stocks poised for weaker open amid renewed oil market volatility: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures indicate a significantly lower start to Thursday’s session, suggesting markets may retreat after the gains recorded in the previous trading day. Ongoing turbulence in oil markets is expected to weigh on investor sentiment, with international benchmark Brent crude futures jumping more than 5% after dropping over 2% during Wednesday’s session. The rebound…
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Shoe Carnival tops Q4 earnings forecasts as revenue misses estimates
Shoe Carnival, Inc. (NASDAQ:SCVL) reported fourth-quarter results on Thursday that beat earnings expectations but fell slightly short on revenue. The footwear retailer posted adjusted earnings per share of $0.33, exceeding the analyst consensus of $0.30 by $0.03. Quarterly revenue totaled $254.1 million, missing the forecast of $255.83 million and declining 3.4% from $262.9 million in…
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Rockwell Medical tops earnings forecasts but shares slip on revenue decline
Rockwell Medical, Inc. (NASDAQ:RMTI) reported fourth-quarter results on Thursday that exceeded analyst expectations. Despite the earnings beat, the company’s shares fell 1.92% in pre-market trading after the announcement, as investors reacted to a sharp year-over-year drop in revenue. The hemodialysis products manufacturer posted adjusted earnings per share of $0.02 for the quarter, surpassing the analyst…
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IBM quantum system models magnetic materials with results matching lab experiments
IBM (NYSE:IBM) said its quantum computer has successfully simulated the behavior of real magnetic materials, producing results that align with neutron scattering experiments carried out at U.S. national laboratories. The research was conducted by scientists from the Department of Energy-funded Quantum Science Center at Oak Ridge National Laboratory together with researchers from Purdue University, the…
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Super Micro hit with shareholder lawsuit over alleged China export violations
Super Micro Computer (NASDAQ:SMCI) is facing a proposed class action lawsuit filed Wednesday in California by shareholders who allege the company failed to disclose violations of U.S. export rules tied to sales involving China. According to the complaint, investors claim the server manufacturer overstated its share price by not revealing that a significant portion of…
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Pony AI shares climb after earnings beat and strong robotaxi growth
Pony AI Inc. (NASDAQ:PONY) reported fourth-quarter results on Thursday that topped analyst forecasts, posting adjusted earnings per share of $0.12 and revenue of $29.1 million. The company also unveiled a strategic agreement to introduce what it described as the first commercial robotaxi service in Europe, with operations set to begin soon in Zagreb. Shares of…
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Clarivate publishes AI50 list highlighting leading AI innovators
Clarivate Plc (NYSE:CLVT) has introduced its AI50 benchmark, a ranking that highlights 50 organizations recognized for their leadership in artificial intelligence innovation based on an analysis of global patent data. The list features major technology companies including NVIDIA, Micron Technology, Alphabet, Qualcomm and Foxconn. Clarivate noted that more than half of the organizations included in…
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Accenture unveils Cyber.AI platform built on Anthropic’s Claude model
Accenture (NYSE:ACN) has introduced Cyber.AI, a new cybersecurity platform powered by Anthropic’s Claude artificial intelligence model, the company said in a press release. The tool is designed to help organizations shift from traditional human-paced responses to always-on, AI-driven security operations. Cyber.AI integrates Accenture’s proprietary library of autonomous agents with the reasoning capabilities of Claude. Within…
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Gold retreats as investors weigh mixed signals on U.S.-Iran de-escalation
Gold prices declined during Asian trading on Thursday as markets assessed conflicting developments surrounding the Iran conflict, while a stronger U.S. dollar reduced the appeal of bullion. By 03:00 ET (07:00 GMT), spot gold had fallen 1.1% to $4,457.06 an ounce. U.S. gold futures dropped 2.2% to $4,485.10. The precious metal had recovered earlier in…