ADVFN US – Market Content Editor
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Oracle and OpenAI Join Forces for Massive 4.5 GW U.S. Data Center Build-Out
Oracle (NYSE:ORCL) and OpenAI have entered a strategic partnership to construct an additional 4.5 gigawatts of AI-focused data center capacity in the United States, significantly expanding the Stargate infrastructure project. With this development, and alongside the already operational Stargate I facility in Abilene, Texas, OpenAI’s total AI data center capacity currently under development now exceeds…
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Peoples Bancorp Q2 earnings fall short as credit loss reserves rise
Peoples Bancorp Inc. (NASDAQ:PEBO) reported second-quarter earnings on Tuesday that came in below analyst expectations, as a sharp increase in credit provisions weighed on the bottom line, even as revenue edged past forecasts. The Ohio-based bank posted diluted earnings per share of $0.59, missing the $0.77 consensus by $0.18. Revenue for the quarter reached $114.46…
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D.R. Horton tops Q3 estimates as home deliveries surpass expectations
D.R. Horton, Inc. (NYSE:DHI) beat Wall Street expectations in its fiscal third quarter, reporting adjusted earnings per share of $3.36 — $0.46 above analyst forecasts — and revenue of $9.23 billion, ahead of the $8.8 billion consensus. The homebuilder delivered 23,160 houses during the quarter, outperforming the upper end of its guidance despite affordability pressures…
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Danaher stock dips even as Q2 tops expectations and profit outlook rises
Shares of Danaher (NYSE:DHR) slipped over 2% in premarket trading Tuesday, despite the company posting stronger-than-expected second-quarter earnings and revising its annual profit forecast upward. The life sciences and diagnostics group reported adjusted earnings per share of $1.80, outperforming Wall Street’s average estimate of $1.64. Quarterly revenue came in at $5.94 billion, marking a 3.5%…
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AstraZeneca Announces $50 Billion U.S. Investment Plan Through 2030
AstraZeneca (NASDAQ:AZN) revealed on Monday its intention to invest $50 billion by 2030 to bolster its manufacturing and research operations across the United States. At the heart of this initiative is a new multi-billion dollar manufacturing site in Virginia, which will focus on producing products from its weight management and metabolic portfolio, including its oral…
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NXP Semiconductors Shares Decline Premarket After Q2 Revenue Falls 6%
Shares of NXP Semiconductors (NASDAQ:NXPI) slipped in early U.S. trading on Tuesday following the chipmaker’s report of a 6% decrease in revenue for the second quarter. The company posted adjusted diluted earnings per share of $2.72 on $2.93 billion in revenue. This slightly exceeded analysts’ expectations, as surveyed by Investing.com, who had forecasted earnings of…
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Dow Jones, S&P, Nasdaq, Stock futures steady ahead of busy earnings week; market focus on trade, AI, and rail deals
U.S. stock futures showed little change Tuesday as investors awaited a fresh wave of earnings reports from prominent companies. Despite encouraging results so far, uncertainty surrounding tariffs continues to cast a shadow over the economic landscape. Meanwhile, reports reveal that the ambitious AI partnership between OpenAI and SoftBank is facing setbacks. Additionally, speculation grows about…
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Gold Edges Down After Recent Gains as Tariff Talks Take Center Stage
Gold prices dipped slightly on Tuesday following a strong rally on Monday that pushed them to over a month’s high. Despite the pullback, concerns about U.S. tariffs and interest rate moves kept demand for gold and other safe-haven metals elevated. At 04:25 ET (08:25 GMT), spot gold was down 0.2% at $3,389.27 per ounce, after…
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Dollar pauses as traders seek clearer direction on tariffs
The U.S. dollar nudged higher on Tuesday, though overall activity in the currency markets remained subdued as investors awaited more definitive signals regarding trade negotiations ahead of the crucial August 1 deadline. That deadline looms with the threat of significant tariffs on U.S. trading partners who have yet to secure agreements. The Japanese yen held…
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Oil Prices Drop Amid Minimal Impact from Russia Sanctions and Rising US-EU Trade Tensions
Oil prices declined in early Asian trading on Tuesday as markets assessed that European sanctions on Russia would have a minimal effect on global supply. At the same time, growing concerns over a potential trade dispute between the United States and the European Union also weighed on prices. Despite the U.S. dollar weakening significantly from…