ADVFN US – Market Content Editor
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Amazon CEO Jassy details AI spending plans, forecasts $200B capex for 2026
Amazon (NASDAQ:AMZN) Chief Executive Andy Jassy said in his annual shareholder letter that the company expects to spend roughly $200 billion on capital expenditures in 2026, with the bulk directed toward building out artificial intelligence infrastructure. Jassy said Amazon Web Services’ AI business has reached a revenue run rate of more than $15 billion in…
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Lilly Introduces Foundayo Oral GLP-1 Weight-Loss Pill in the U.S.
Eli Lilly and Company (NYSE:LLY) said that its new oral medication Foundayo (orforglipron) is now available in the United States for adults with obesity or those who are overweight and have related health conditions, following FDA approval granted on April 1, 2026. The treatment is taken once daily and does not require restrictions related to…
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Jacobs Secures Contracts for Upgrades Along Chicago’s I-290 Corridor
Jacobs (NYSE:J) has been awarded two contracts by the Illinois Department of Transportation tied to infrastructure improvements along Chicago’s I-290 corridor, the company said in a press release. The first assignment covers design work and project management for the replacement of the Indiana Harbor Belt railroad bridge. The upgrade is intended to support a planned…
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Oil & Gas Executives Set to Address Investors at Virtual Conference on April 16
Senior executives from across the global oil and gas sector will gather on April 16, 2026, for a Virtual Investor Conference aimed at providing investors with direct insights into company strategies, operational progress, and future growth plans. Hosted by Virtual Investor Conferences, the event will bring together a diverse group of energy companies spanning North…
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Wall Street Set to Open Lower as Ceasefire Concerns Weigh on Markets: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures are indicating a weaker start on Thursday, suggesting markets may retreat after the strong rally seen in the previous session. Investors could look to lock in profits from Wednesday’s gains amid growing doubts about the stability of the Middle East ceasefire. Iran has accused both the United States and Israel of breaching…
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U.S. Weekly Jobless Claims Rise More Than Expected
New applications for U.S. unemployment benefits increased more than economists anticipated in the week ending April 4, according to data released Thursday by the Labor Department. Initial jobless claims rose to 219,000, up by 16,000 from the previous week’s revised figure of 203,000. Economists had projected claims would reach 210,000, compared with the earlier reported…
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Consumer Prices Rise 0.4% in February as PCE Data Matches Forecasts
U.S. consumer prices rose in February broadly in line with expectations, according to new data published Thursday by the Commerce Department. The personal consumption expenditures (PCE) price index increased 0.4% during the month, following a 0.3% rise in January. The reading matched economists’ forecasts. On a yearly basis, the PCE price index held steady at…
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U.S. Economy Expanded More Slowly Than Estimated in Late 2025
The U.S. economy expanded at a slower pace than previously reported in the final quarter of 2025, according to updated figures released Thursday by the Commerce Department. The revised data showed real gross domestic product grew at an annual rate of 0.5% in the fourth quarter, down from the earlier estimate of 0.7%. Economists had…
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U.S. stock futures edge lower as markets await Iran ceasefire talks in Pakistan: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures moved slightly lower in premarket trading on Thursday as investors monitored whether the two-week ceasefire in the conflict with Iran would hold, following early signs of tension surrounding the fragile agreement. The pullback comes after a strong rally on Wall Street in the previous session, when the Dow posted its best…
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Constellation Brands’ FY27 profit outlook falls short of expectations, shares dip
Constellation Brands Inc Class A (NYSE:STZ) projected fiscal 2027 earnings below analyst forecasts on Wednesday, warning that an uncertain macroeconomic backdrop could weigh on performance. The company’s shares slipped about 1.2% in premarket trading on Thursday following the announcement. Constellation said it expects comparable earnings per share for fiscal 2027 to range between $11.20 and…