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OpenAI's Frenzied Orders for Broadcom and Oracle: Is the Cash Enough?
TradingKey - On Tuesday, cloud computing giant Oracle reported its earnings. Despite falling short of revenue expectations, a substantial cloud infrastructure order from OpenAI sent the stock soaring nearly 30% in after-hours trading, marking its best single-day performance since the dot-com bubble.
TradingKey
3 minutes ago
Greenwich LifeSciences jumps on US FDA's 'fast track' tag for breast cancer therapy
** Shares of cancer therapy developer Greenwich LifeSciences GLSI.O up 26% at $13.86 premarket** Co says its breast cancer therapy, GLSI-100, got U.S. FDA's "fast track" designation** FDA's "fast track" tag aims to speed development and review of drugs for serious conditions ...Reuters
7 minutes ago
Novo Nordisk slashes 9,000 jobs to slim down in fierce weight-loss drug battle
Weight-loss drugmaker to cut 11.5% of staff5,000 job cuts in home country of DenmarkExpects annual savings of $1.3 billionWill boost performance-based culture, CEO saysShares up 3.3%By Louise Rasmussen, Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN, Sept 10 (Reuters) - Novo Nordisk NOVOb.CO...Reuters
8 minutes ago
Synopsys slumps as Q3 results fall short of expectations
** Shares of chip design software provider Synopsys SNPS.O fall 21.8% to $472.9 premarket** Reports Q3 revenue of $1.74 bln, missing analysts' consensus estimates of $2.09 bln, according to data compiled by LSEG** Revenue hurt by weakness in its design IP business; adj. margins for segment fell ...Reuters
10 minutes ago
INDIA STOCKS-Indian shares extend winning run as U.S. trade talks, rate cut hopes lift sentiment
By Bharath Rajeswaran and Vivek Kumar M Sept 10 (Reuters) - Indian shares extended their winning streak on Wednesday, boosted by hopes of progress in trade talks with Washington and growing expectations of a U.S. rate cut next week. The Nifty 50 .NSEI rose 0.42% to 24,973.1 and the B...Reuters
14 minutes ago
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Sept 10 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN was up 0.4% at 81,425.15, while the broader NSE index .NSEI also advanced 0.4% to 24,973.1, boosted by hopes of progress in trade talks with Washington and growing expectations of a U.S. rate cut next week. .BORUPEE: The Indian rupee INR=IN ...Reuters
17 minutes ago
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Sept 10 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN was up 0.4% at 81,425.15, while the broader NSE index .NSEI also advanced 0.4% to 24,973.1, boosted by hopes of progress in trade talks with Washington and growing expectations of a U.S. rate cut next week. .BORUPEE: The Indian rupee INR=IN ...Reuters
18 minutes ago
Is AMD Stock a Buy?
Key PointsAMD’s data center revenue reached $12.6 billion in 2024, up 94% year over year, with management projecting tens of billions in future artificial intelligence (AI) accelerator sales.The company has grown to approximately one-third of the desktop CPU share and a 27% server CPU unit share, wi...The Motley Fool
27 minutes ago
Will This 1 New Catalyst Send Dogecoin to $1?
Key PointsA handful of Dogecoin ETFs are being considered for approval.Some could be approved very soon. Don't expect this coin to follow the trajectory of Bitcoin or Ethereum after their ETFs were approved. 10 stocks we like better than Dogecoin › Dogecoin (CRYPTO: DOGE) is currently priced around ...The Motley Fool
27 minutes ago
Alphabet Dodges a Bullet on Antitrust, but It's Still Not Out of the Woods
Key PointsAlphabet is involved in two antitrust cases, one involving search and another related to its ad tech businesses.The judge in the first case has already suggested remedies, but the consequences for the second case have yet to be determined.Investors have been buying up Alphabet's stock now ...The Motley Fool
27 minutes ago
Wall Street's record rise spurs growth of covered call strategies
With stocks near record highs, investors see opportunity to diversify concentrated positions Use of covered calls gain traction to hedge the risk, provide income and manage tax liabilitiesAn estimated $15 tln in stock holdings ripe for covered call strategiesBy Laura Matthews NEW YORK, Sept 10 (R...Reuters
27 minutes ago
DIARY-Federal Reserve Events
***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025September 16-17 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)October 28-29 (second day: statement...Reuters
27 minutes ago
Cut to Grow, Novo Nordisk Announces 11% Global Layoffs, Third Profit Forecast Cut This Year
TradingKey - Obesity drug giant Novo Nordisk (NVO.US) announced on Wednesday a major restructuring plan, including 9,000 global job cuts, and delivered its third downward revision to its full-year profit growth guidance in 2025. However, due to its undervalued stock and hopes for cost savings and
TradingKey
32 minutes ago
3 Growth Stocks That Could Skyrocket in 2025 and Beyond
Key PointsAmazon is spending big to win big. Dutch Bros has significant opportunities with food and expansion.Toast is becoming an invaluable parter to the restaurant industry. 10 stocks we like better than Amazon › While the market is near all-time highs, that doesn't mean you should just sit stil...The Motley Fool
33 minutes ago
Barclays begins coverage on Ametek with 'equal weight' rating
** Barclays initiates coverage on industrial tools maker Ametek AME.N with an "equal weight" rating and a PT of $200** The PT shows a premium of 6.7% from stock's last close** Barclays says co's strong growth model and execution framework make its M&A strategy more effective than...Reuters
34 minutes ago
Gold miners gain as bullion hovers near record high
** U.S.-listed shares of gold miners rise premarket, tracking higher bullion prices GOL/** Spot gold XAU= rise 0.6% to $3,647.91/ounce after hitting a record high of $3,673.95 on Tuesday** Gold prices rise, buoyed by expectations of a U.S. interest rate cut this month, while market participants awai...Reuters
35 minutes ago
Oracle shares jump on $500 billion cloud revenue prospects
Sept 10 (Reuters) - Oracle ORCL.N shares soared about 29% before the bell on Wednesday after the enterprise software company forecast booked revenue from its core cloud business to exceed half a trillion dollars over the next few months.If the gains hold, the company will add $208 billion to its mar...Reuters
37 minutes ago
US power utility firms rise on Oracle lift
** Shares of U.S. electric utility companies rise premarket after Oracle's strong forecast lifts AI names ** Oracle ORCL.N expects booked revenue at its cloud infrastructure business to exceed half a trillion dollars** Power utilities have seen surge in demand from data centers needed to develop...Reuters
41 minutes ago
US STOCKS-S&P 500 futures hit record high ahead of inflation data; Oracle jumps
Futures: Dow down 0.25%, S&P 500 up 0.14%, Nasdaq up 0.08% Sept 10 (Reuters) - Futures tied to the S&P 500 touched a record high on Wednesday, driven by a surge in cloud firm Oracle, as investors awaited producer prices data due later in the day for insights into U.S. inflation.Oracle ORC...Reuters
42 minutes ago
Prediction: Solana Will Be Worth $500 in 5 Years
Key PointsSolana is gaining prominence as a place for tokenized assets.It's also being bought and held by treasury companies.It could experience inflows from ETFs soon too, if they get approved. 10 stocks we like better than Solana › Solana (CRYPTO: SOL) checks more boxes on the "things that an ide...The Motley Fool
42 minutes ago
