ADVFN US – Market Content Editor
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BlackBerry Surges as Cybersecurity Demand Drives Q1 Results and Boosts Outlook
BlackBerry Ltd (NYSE:BB) kicked off fiscal 2026 with impressive first-quarter results that surpassed analyst expectations, sparking an 8% gain in premarket trading on Wednesday. The Canadian tech company demonstrated strong momentum across its key business units, notably its QNX automotive software and Secure Communications segments. The company reported total revenue of $121.7 million, exceeding the…
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Dollar Faces Pressure Despite Slight Gains as Risk Appetite Returns; Powell’s Upcoming Testimony in Focus
The U.S. dollar made modest gains early Wednesday but stayed close to multi-week lows amid easing geopolitical tensions in the Middle East, which reduced demand for the currency’s safe-haven status. By 08:20 GMT, the Dollar Index inched up 0.2% to 97.665. Markets Await Powell’s Second Appearance The dollar’s recent upward momentum weakened after President Donald…
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FedEx Shares Slide Amid Tariff Uncertainty Dampening Growth Outlook
FedEx (NYSE:FDX) saw its shares fall over 5% in early trading on Wednesday after the logistics powerhouse issued a profit forecast for the current quarter that fell short of market expectations. Alongside competitor United Parcel Service (NYSE:UPS), FedEx’s performance is being closely watched as an indicator of broader economic trends. Heightened uncertainty linked to President…
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Markets Await Direction: Israel-Iran Ceasefire, Powell’s Testimony, FedEx Outlook in Focus
U.S. stock futures were little changed early Wednesday as investors weighed a tentative ceasefire between Israel and Iran, cautious signals from Federal Reserve Chair Jerome Powell, and a mixed outlook from FedEx. Muted Market Movement Stock futures hovered near flat ahead of the market open. By 03:40 ET, Dow futures edged up 33 points (0.1%),…
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Stock Market Closes Higher on Israel-Iran Ceasefire, Powell’s Remarks
U.S. stocks ended higher on Tuesday, buoyed by easing geopolitical tensions in the Middle East and comments from Federal Reserve Chair Jerome Powell that left the door open for potential interest rate cuts. By the close of trading at 4:00 p.m. ET, the Dow Jones Industrial Average rose 536 points, or 1.3%, while the S&P…
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News Of Israel-Iran Ceasefire Leads To Extended Rally On Wall Street
Stocks moved sharply higher during trading on Tuesday, extending the strong upward move seen over the course of the previous session. With the continued advanced, the major averages reached their best closing levels in four months. The major averages pulled back off their best levels going into the close but remained firmly positive. The Nasdaq…
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Envirotech Unveils Ambitious Plan for Electric Mobility Across Land, Air, and Sea
HOUSTON, TEXAS — Envirotech Vehicles, Inc. (NASDAQ: EVTV) is setting its sights on a future that goes far beyond electric buses and delivery vans. The Houston-based company announced today an expansive new strategy to create a unified electric mobility ecosystem that spans land, air, and sea. The move signals Envirotech’s entry into a wider array…
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TD SYNNEX Beats Estimates For Q2 but Shares Drop 2%
TD SYNNEX Corp. (NYSE:SNX) reported stronger-than-expected results for the second quarter on Tuesday, yet its shares fell 2% in response. The IT distributor posted adjusted earnings per share (EPS) of $2.99, beating analyst expectations of $2.71. Revenue rose 7.2% year-over-year to $14.95 billion, surpassing the forecasted $14.3 billion. “Our Q2 results demonstrate the continued strength…
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BlackSky Stock Jumps 6% After Securing $24 Million NGA Monitoring Contract
BlackSky Technology Inc. (NYSE:BKSY) shares climbed 6% following the award of a delivery order valued at over $24 million from the National Geospatial-Intelligence Agency (NGA) for facility operational monitoring services. The four-year contract requires BlackSky to provide AI-enabled object detection and pattern-of-life change monitoring at military and economic facilities worldwide. The company has already received…
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OS Therapies Stock Surges 12.4% After Positive FDA Feedback on OST-HER2
OS Therapies Inc (NYSE-A:OSTX) shares jumped 12.4% following favorable feedback from the FDA regarding its OST-HER2 treatment for osteosarcoma. The clinical-stage biopharmaceutical company announced it received positive written input from a mid-June FDA Type D Meeting concerning the endpoints needed to support an Accelerated Approval Program marketing application for its Phase 2b trial. This trial…