On Thursday, Adobe unveiled a mixed third-quarter financial report and surpassed analysts’ forecast, but its stock dipped after hours on missed guidance. The company’s stock rose by 1.06% to $586.55 per share in the closed session but plummeted by -9.12% to $533.05 apiece in after-hours trading. Reports noted that the plunge came following Adobe’s Q4 …
Adobe Reveals Mixed Q3 Data, Stock Dips on Missed Guidance Read More »
Oil prices climbed in Asian trade on Friday to extend gains from hurricane-driven delays in production in the US Gulf of Mexico, putting prices on track to end the week on a positive note. Brent crude oil futures for November delivery added 0.51% to $72.34 per barrel, while the US West Texas Intermediate (WTI) crude …
Oil Prices Extend Gains, On Track to End Higher This Week Read More »
On Wednesday, Nvidia stock rallied after CEO Jensen Huang said at a Goldman Sachs event that the firm has been experiencing solid demand for AI chips. The chipmaker’s stock closed the trading by surging 8.15% to $116.91 per share. However, it declined by -0.20% to $116.63 apiece in the after-hours session. Huang also noted that …
Nvidia Stock Rises After CEO Huang Reveals Robust AI Demand Read More »
On Tuesday, GameStop revealed a mixed second-quarter earnings report and filed a 20 million offering, leading its stock to decline after hours. The video game retailer’s stock closed the session by plunging -3.30% to $23.45 apiece and dropped -10.41% to $21.01 per stock in the extended trading. Meanwhile, its earnings per share rose by $0.04, …
GameStop Reports Mixed Q2 Financial Data, Stock Declines Read More »
US stock index futures edged higher on Thursday evening as weakness in the tech sector dwindled after second-quarter earnings from major chipmaker Nvidia Corp. signaled the ongoing support of artificial intelligence (AI) in semiconductor demand. September contract S&P 500 Futures gained 0.20% to 5,621.50 points, while the Nasdaq 100 futures added 0.36% to 19,464.00 points. …
US Stock Futures Gain as Tech Slide Eases, PCE Inflation Due Read More »
Shares in major Asian chipmakers sank on Thursday, following a decline in US semiconductor giant Nvidia Corp., triggered by the company’s lackluster revenue and margin outlook for the third quarter. Chipmaking firms directly exposed to the artificial intelligence (AI) darling, including its main supplier, South Korea’s SK Hynix Inc., dropped 5.13% and was the weakest …
Asian Chipmakers Fall After Nvidia’s Lackluster Q3 Guidance Read More »
Meta Platforms Inc.’s Instagram is testing a major overhaul of its profile page, exploring the possibility of replacing its long-time square layout with vertical, rectangular grids. A spokesperson for the US photo and video-sharing app, Christine Pai, said the company was conducting a limited trial on the vertical profile appearance with a few selected accounts …
Instagram Tests Vertical Profile Layout in Possible Redesign Read More »
On Tuesday, coffee prices declined, erasing the previous session’s gains amid Brazil’s global oversupply and the country’s frost shortage. The commodity futures for September delivery closed the trading session by dipping -3.48% to $232.48 per pound. According to reports, the plummet came after Brazil’s Cecafe disclosed that the country’s green coffee exports rose 26.00% annually …
Coffee Dips on Solid Supply from Brazil and Lack of Frost Read More »
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