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Investing.com - U.S. stock futures were little changed on Friday after Nvidia’s blockbuster earnings reignited the technology rally, with investors now turning their attention to Federal Reserve Chair Kevin Warsh’s closely watched speech at Jackson Hole. Meanwhile, renewed uncertainty over U.S.-Iran negotiations pushed oil prices higher, while PayPal tumbled after takeover talks collapsed.
Anthropic may target a $2 trillion initial public offering (IPO).
Shares in U.K. defense companies fell after the government said it would drop its defense spending targets.
All eyes turned to the Federal Reserve's Jackson Hole Symposium, where Fed Chairman Kevin Warsh is scheduled to speak.
Fox (FOX) could still be part of a future re-merger with News Corp. (NWSA), Reuters reported Thursda
Here are four major developments from a big day for Nvidia and tech stocks yesterday. Nvidia shares soared after blockbuster earnings. Nvidia CEO Jensen Huang responded to Bill Gates’ AI warnings. Salesforce boosted software stocks.
European Lithium files merger documents, setting a Sept. 15 court hearing for the $835 million all-stock deal.
Nvidia has spent more than $2.5 million on federal lobbying this year, according to Bloomberg.
SEOUL, Aug 28 (Reuters) - South Korean exports likely extended their robust growth in August to mark a 15th consecutive month of gains, driven by surging global demand for AI chips, a Reuters poll
Workday Inc (WDAY) reports strong Q2 results with AI-powered products contributing over $100 million in new ACV, while guiding to a strategic growth slowdown in FY28.
Marvell raises fiscal 2027 and 2028 revenue targets to $12 billion and $18 billion, fueled by data center demand and a game-changing hyperscaler agreement.
Autodesk Inc (ADSK) raises full-year outlook on robust 16% revenue growth, driven by AI adoption and strategic MaintainX acquisition, despite ongoing sales reorganization challenges.
AI security offerings triple ARR as the company posts record net new ARR and a 45% surge in RPO to $1.7 billion.
Affirm reports its most profitable quarter ever, driven by strong services growth and expanding network effects.
Shares were mostly higher Friday in Asia after Nvidia and other technology stocks led an advance on Wall Street. U.S. futures were little changed and oil prices slipped. In Tokyo, the Nikkei 225 climbed 0.8% to 66,682.88, while Hong Kong's Hang Seng added 0.3% to 25,648.40.
The company’s stock soared more than 20% Thursday after it beat expectations in its fiscal second-quarter earnings.
Despite tariff chaos, soaring electronics prices, and deflating consumer sentiment, Best Buy just delivered a strong beat.
HANOI, August 28 (Reuters) - Vietnamese leaders have urged U.S. chip designer Qualcomm and South Korea's Samsung Electronics to expand their investment in artificial intelligence, semiconductors and
Cramer remains bullish on the social media company, saying it’s a buying opportunity despite its recent pullback.
The U.S. Federal Trade Commission (FTC) is reportedly investigating Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube for a potential violation of consumer protection laws after it suspended users’ accounts. What the FTC Is Investigating The antitrust regulator has been probing YouTube since last year and is in the final stages of preparing a potential lawsuit, Bloomberg News reported, citing people familiar with the probe. The investigation is looking into whether YouTube may have misled use
Burry’s Nvidia calls gained 50% to 60% in under a day after the stock rallied about 9%.
A drawdown this deep usually leaves a stock cheaper. This one mostly reveals how expensive the shares were at the peak.
Asian stocks mostly rose Friday ahead of a closely watched speech by Federal Reserve boss Kevin Warsh that investors will be parsing for clues about the outlook for interest rates amid elevated inflation and no sign of an end to the Middle East crisis. "Recent data have reduced the immediate need for tighter policy, giving Warsh room to re-establish the Fed's inflation-fighting message without signalling imminent action," he wrote.
By Stella Qiu SYDNEY, Aug 28 (Reuters) - Shares in Asia turned cautious on Friday after a Nvidia-fuelled technology rally, while currency and bond markets held their breath for the world's most
It’s good news for shoppers, but shareholders may not be happy.
A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings Inc., according to people familiar with the matter.
Salesforce, Inc. will release earnings for its second quarter after the closing bell on Wednesday, Aug. 26. Analysts expect the company to report quarterly earnings of $3.27 per share, up from $2.91 per share in the year-ago period. The consensus...
Wall Street spots a major obstacle in SpaceX’s next move.
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