News
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Palantir forecasts fourth-quarter revenue above estimates on solid AI demand
Nov 3 (Reuters) - Palantir Technologies PLTR.O forecast fourth-quarter revenue above analysts' estimates on Monday, as the rapid adoption of artificial intelligence boosts demand for its data analytics services from businesses and governments.
Reuters
Tue, Nov 4
Microsoft signs $9.7 billion cloud deal with IREN as AI demand swells
Nov 3 (Reuters) - Microsoft has struck a $9.7 billion deal with data-center operator IREN that includes access to Nvidia's advanced chips, aiming to ease the computing crunch that has kept the tech giant from fully cashing in on the artificial intelligence boom.The news sent shares of IREN IREN....
Reuters
Tue, Nov 4
Microsoft to invest over $15 billion in UAE, secures US export licenses for Nvidia chips
ABU DHABI, Nov 3 (Reuters) - Microsoft MSFT.O plans to bring its total investment in the United Arab Emirates to $15 billion by the end of 2029 and has the Trump administration's approval to export Nvidia chips for its data centres there, a senior executive told Reuters on Monday.Reuters
Tue, Nov 4
RPT-ROI-Big Tech, big spend. But big returns?: McGeever
By Jamie McGeeverORLANDO, Florida, Nov 3 (Reuters) - The reaction of most "Magnificent Seven" tech giants' shares to their latest earnings suggests the artificial intelligence boom is far from over. Yet doubts about the future returns from these firms' astronomical AI expenditures ar...Reuters
Tue, Nov 4
S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
NEW YORK, Nov 3 (Reuters) - The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve's near-term monetary policy grew increasingly foggy due to scarcity of official U.S. economic data.
Reuters
Tue, Nov 4
Hims and Hers tops revenue estimates as telehealth provider attracts more users
CEO says company accelerating toward 2030 $6.5 billion revenue goalTalks with Novo to offer Wegovy through Hims' platform remain ongoingRevenue beat driven by core offerings - analyst By Kamal Choudhury and Amina NiasseNov 3 (Reuters) - Hims and Hers Health HIMS.N beat Wall Street estimates for...Reuters
Mon, Nov 3
Sarepta's shares plunge after trial for muscle-wasting disease drugs miss key goal
By Kamal ChoudhuryNov 3 (Reuters) - Sarepta SRPT.O said on Monday that its late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy did not meet the main goal, sending its shares plummeting over 37% in extended trading. The study took nine years to complete and enrolled ...Reuters
Mon, Nov 3
Eastman Chemical cuts global workforce, sees annual profit below estimates on tariff woes
Nov 3 (Reuters) - Eastman Chemical EMN.N forecast annual profit below analysts' estimates on Monday, and said it would cut its workforce by nearly 7%, as the industry continues to face lackluster demand, sending its shares down more than 3% in extended trading.Eastman said the workforce reductio...Reuters
Mon, Nov 3
Restaurant chain Denny's to be taken private in $620 million deal
Nov 3 (Reuters) - Restaurant chain Denny's DENN.O announced on Monday it would be acquired by a group comprising TGI Fridays-owner TriArtisan Capital Advisors in a $620 million deal, including debt.Under the agreement, the group, which also consists of investment firm Treville Capital and restau...Reuters
Mon, Nov 3
IAC misses quarterly revenue estimates on continued decline in search unit
Nov 3 (Reuters) - IAC IAC.O missed Wall Street expectations for quarterly revenue on Monday, missed Wall Street revenue estimates on Monday as traffic to its ad‑supported search and content sites fell, sending its shares down 9% in after‑hours trading.The media and internet firm said its search unit...Reuters
Mon, Nov 3
National Storage Affiliates Trust Announces Preferred Equity Investment In Newly Formed Joint Venture
Nov 4 (Reuters) - National Storage Affiliates Trust NSA.N:NATIONAL STORAGE AFFILIATES TRUST ANNOUNCES PREFERRED EQUITY INVESTMENT IN NEWLY FORMED JOINT VENTURENATIONAL STORAGE AFFILIATES TRUST - JOINT VENTURE ANTICIPATED TO HAVE $350 MILLION BUYING POWERNATIONAL STORAGE AFFILIATES TRUST - COMMITS 75...Reuters
Mon, Nov 3
Denny's soars amid $620 million take-private deal
Shares of restaurant chain Denny's DENN.O rise about 47% to $6.03Denny's to be bought by Triartisan Capital Advisors, Treville Capital Group and Yadav Enterprises for $620 million, or $6.25 per share, in cashCompany will be delisted from the Nasdaq after dealCo missed profit estimates for se...Reuters
Mon, Nov 3
Post-Bell｜S&P 500, Nasdaq End Higher; Kenvue And Iren Jumped 12%; Hims Jumped 6%; Amazon Rose 4%
The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve's near-term monetary policy grew increasingly foggy due to scarcity of official U.S. economic data.Market SnapshotThe Dow Jones Industrial Average .DJI...Tiger News
Mon, Nov 3
GLOBAL MARKETS -Stock indexes gain after Amazon-OpenAI deal; dollar rise to 3-month high vs euro
Dow ends lower; S&P 500 and Nasdaq upDollar up slightly; Fed officials give conflicting views on economyEarnings focus on tech firmsBy Caroline Valetkevitch NEW YORK, Nov 3 (Reuters) - Most major stock indexes climbed on Monday following news that Amazon.com AMZN.O will supply cloud-computing...Reuters
Mon, Nov 3
Eastman Chemical sees annual profit below Street estimates amid tariff woes
Nov 3 (Reuters) - Eastman Chemical EMN.N forecast annual profit below analysts' estimate on Monday, signaling cautious consumer spending amid tariff-related uncertainties, sending its shares down more than 3% in extended trading.U.S. President Donald Trump's tariffs on most imports have pose...Reuters
Mon, Nov 3
Brokerages note Westpac's balance sheet strength, but all eyes on UNITE execution risks
Brokerages note Westpac's WBC.AX strong capital position, and improved credit quality, but flag execution risks around co's UNITE technology projectAustralia's third-largest lender by market capitalisation posted a FY net profit after tax of A$6.99 billion ($4.54 billion) on Monday, abov...Reuters
Mon, Nov 3
Coterra Energy dips on downbeat third-quarter profit miss
Shares of oil and gas company Coterra Energy CTRA.N down 2.3% at $23.82 in extended tradingCoterra's third-quarter profit misses estimates as lower oil prices offset a jump in productionPosts Q3 adj profit 41 cents per share vs estimate of 44 cents per share, according to data compiled by LSEGHo...Reuters
Mon, Nov 3
CANADA STOCKS-TSX gains as Magna jumps to 19-month high
TSX ends up 0.1% at 30,275.06Consumer discretionary rises 1.1%Magna climbs to highest since April 2024Financials add 0.6%By Fergal Smith Nov 3 (Reuters) - Canada's main stock index ended higher on Monday, led by consumer discretionary shares, but gains were limited as investors awaited cleare...Reuters
Mon, Nov 3
Starbucks gains as it agrees to sell China operations in $4 billion deal
Shares of cafe chain Starbucks SBUX.O up 2.5% at $82.98 in extended tradingSBUX says it has agreed to sell control of China operations to Boyu Capital in deal valued at $4 blnStarbucks says it will hold a 40% stake in the China joint ventureThe companies say Starbucks will continue to own and licens...Reuters
Mon, Nov 3
