Global markets steadied on Thursday after President Donald Trump abruptly walked back his tariff threat linked to Greenland at Davos, sparking a relief rally in US and European equities, even as the details remain unclear. In corporate news, Procter & Gamble beat profit expectations but missed revenue targets, pointing to softer consumer demand and new […]
Advanced Micro Devices (NASDAQ: AMD stock) continued the rally on Thursday after Wall Street’s most bullish analysts unleashed fresh upgrades focused on extraordinary demand for the chipmaker’s server processors. KeyBanc Capital Markets analyst John Vinh told clients that demand from hyperscalers has left AMD nearly depleted of server CPUs for the entire year, a constraint […]
Intel Corp. shares fell as much as 5% in after-hours trading on Thursday after the chipmaker issued a first-quarter outlook that missed Wall Street expectations, tempering optimism around its long-awaited turnaround. The company forecast first-quarter revenue of about $12.2 billion at the midpoint of its guidance, below the $12.6 billion average estimate compiled by Bloomberg. […]
Wall Street staged a sharp midday rebound on Wednesday as President Donald Trump told the World Economic Forum he would not use military force to acquire Greenland. The remarks eased the most acute worry roiling markets since his tariff threats sparked the week’s heaviest selloff on Tuesday. The Dow Jones Industrial Average surged 337.89 points, […]
US President Donald Trump announced Wednesday that after talks with NATO Secretary-General Mark Rutte, the US and NATO have agreed to form a framework for Arctic cooperation centered on Greenland. In a Truth Social post on Wednesday, Trump mentioned that he will pause the 10% tariffs scheduled to take effect on February 1 on eight […]
Micron stock (NASDAQ: MU) jumped roughly 7% on Wednesday, driven by major Wall Street price-target hikes and a strategic $1.8 billion acquisition of a chip fabrication facility in Taiwan. The combination gave institutional investors reason to believe the memory-chip maker has locked in years of pricing power amid surging demand in the global memory market. […]
PAVmed Inc (NASDAQ: PAVM) shares more than quadrupled on Wednesday after the company’s subsidiary – Lucid Diagnostics – secured a major contract from the US government. According to PAVM’s press release, the US Department of Veterans Affairs (VA) has joined forces with Lucid to widen access to its EsoGuard Esophageal DNA Test across the VA […]
Bitcoin rose alongside US equities on Wednesday after President Donald Trump said he hopes to sign market structure legislation for digital assets “very soon” during a World Economic Forum speech in Davos. The remarks helped lift sentiment across risk assets. Data from TradingView showed daily Bitcoin gains of about 1.7% around the time of the […]
OpenAI Chief Executive Officer Sam Altman has been meeting with major investors in the Middle East to line up funding for a massive new investment round that could total at least $50 billion, according to reports from Bloomberg and CNBC. The discussions underscore the scale of capital OpenAI is seeking as it races to build […]
Global markets steadied on Thursday as investors reacted to a sharp easing of geopolitical tensions after US President Donald Trump backed away from tariff threats and ruled out the use of force to seize Greenland. The shift in tone lifted equities, pressured safe-haven assets such as gold, and supported the US dollar, though traders remained […]