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Sat, Dec 06, 2025 05:33 PM All times are UTC

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Broadcom Soars on AI Demand, Raises Guidance Amid Nvidia Constraints

Mar 07, 2025 12:24 pm UTC| Technology Business

Broadcom (NASDAQ: AVGO) surged over 12% in premarket trading after delivering strong fiscal Q1 results and upbeat guidance, fueled by soaring demand for its AI chips. The company reported adjusted earnings of $1.60 per...

Saudi Arabia Cuts Oil Prices for Asia as OPEC+ Eases Supply Limits

Mar 07, 2025 12:22 pm UTC| Economy Business

Saudi Arabia has lowered oil prices for its key Asian market as OPEC+ starts to ease production cuts. State-owned Saudi Aramco (TADAWUL:2222) will reduce the Arab Light crude price by 40 cents per barrel for April, a...

Hewlett Packard Enterprise (HPE) Shares Plummet 20% on Weak Guidance and Job Cuts

Mar 07, 2025 12:22 pm UTC| Business

Hewlett Packard Enterprise Co. (NYSE:HPE) saw its shares tumble nearly 20% in premarket trading after reporting mixed Q1 results and issuing disappointing guidance. The company also announced a cost-cutting initiative,...

Gap Inc. Soars 18% on Strong Q4 Earnings, Dividend Hike

Mar 07, 2025 12:22 pm UTC| Business

Gap Inc. (NYSE: GAP) surged over 18% in premarket trading after reporting better-than-expected Q4 earnings and a 10% dividend increase. The retailer posted adjusted earnings per share (EPS) of $0.54, beating analyst...

Salvatore Ferragamo Stock Plummets 16% Amid Financial Struggles and Uncertain Future

Mar 07, 2025 12:21 pm UTC| Business

Salvatore Ferragamo (BIT:SFER) shares plunged over 16% after its latest earnings report, highlighting ongoing challenges for the luxury brand. Despite efforts to control costs, the company continues to struggle with margin...

Tesla Joins Wedbush’s ‘Best Ideas List’ Amid Major Innovation Surge

Mar 07, 2025 06:39 am UTC| Technology Business

Wedbush Securities has added Tesla Inc. (NASDAQ: TSLA) to its Best Ideas List, citing an upcoming innovation cycle that could drive massive growth. The firm maintained its Outperform rating with a $550 price target,...

Meta to Launch Enhanced AI Voice Features with Llama 4, Eyes Premium Subscriptions

Mar 07, 2025 06:39 am UTC| Technology Business

Meta Platforms Inc. (NASDAQ: META) is set to enhance its artificial intelligence capabilities with the upcoming release of Llama 4, introducing advanced voice features in the coming weeks, according to the Financial Times....

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Economy

Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth

Vietnam recorded a notable month-on-month decline in trade activity in November, according to new data from the National Statistics Office (NSO). Exports fell 7.1% from October, reaching $39.07 billion, while imports...

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

Fitch Ratings has reaffirmed Austrias Long-Term Foreign-Currency Issuer Default Rating at AA with a Stable Outlook, underscoring the countrys strong economic fundamentals despite rising fiscal pressures. According to the...

Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut

The upcoming Federal Reserve meeting is shaping up to be one of the most closely watched and contentious in years, with investors focused on how divided policymakers are over a potential interest-rate cut and the signals...

U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut

U.S. stocks ended higher on Friday as a softer inflation reading strengthened expectations that the Federal Reserve could move forward with an interest-rate cut next week. The SP 500 climbed 0.2%, the Dow Jones Industrial...

U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut

U.S. stocks closed the week with modest gains on Friday, as investors weighed a wave of delayed economic data and maintained strong expectations for a Federal Reserve interest rate cut at next weeks policy meeting. Despite...

Politics

CFPB to Review Anti-Discrimination Policies and Fair Lending Rules Amid Policy Shift

The U.S. Consumer Financial Protection Bureau (CFPB) is preparing to convene its Consumer Advisory Board next week to review major policy changes, including a controversial proposal to scale back long-standing...

Supreme Court to Review Legality of Trump’s Birthright Citizenship Restrictions

The U.S. Supreme Court has agreed to examine the legality of President Donald Trumps directive aimed at restricting birthright citizenship, a move that could redefine a long-standing interpretation of the 14th Amendment....

Australia Imposes Sanctions on Taliban Officials Over Human Rights Abuses

Australia has announced new financial sanctions and travel bans against four senior officials of Afghanistans Taliban government, citing the worsening human rights situation in the country, particularly the escalating...

U.S. Appeals Court Rules Trump Can Remove Members of Key Federal Labor Boards

A U.S. appeals court has ruled that President Donald Trump had the authority to dismiss Democratic members of two major federal labor boards, marking a significant win for efforts to expand presidential control over...

Trump Backs Review of U.S. Childhood Vaccine Schedule After Hepatitis B Policy Change

President Donald Trump on Friday expressed support for a major shift in U.S. vaccine policy after government advisers voted to eliminate the long-standing recommendation that all newborns receive the hepatitis B vaccine at...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...