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Fresh off a record close on Tuesday, the Nasdaq was soaring to fresh highs on Wednesday after Advanced Micro Devices’ earnings report kept the chip rally rolling. The Dow was up 461 points, or 0.9%. The S&P and Nasdaq only need to close above yesterday’s level to establish new record closing highs.
Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual pretax profit below Wall Street estimates on Wednesday. • The cuts come after the software provider delayed the filing of its October-December report, made several management changes, and launched an accounting review over "potential weaknesses" found in its internal controls. Kyndryl did not disclose how many jobs would be affected by the move.
Uber posted weaker than expected revenues for the first quarter as its mobility business was buffeted by conflict in the Middle East, but the...
Wells Fargo strategists say some factors that have been driving the market higher are played out.
(Bloomberg) -- Lucid Group Inc. shares slid after the electric-vehicle maker suspended full-year production guidance while its new chief executive officer works to align output with a challenging EV demand environment.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs
CEO Steve Cahillane says investments in brand-building are gaining traction, but the company kept its cautious full-year outlook
Kraft Heinz (NASDAQ:KHC) moved higher in premarket trading after reporting first-quarter results that came in ahead of Wall Street expectations. Adjusted earnings per share reached $0.
Uber (NYSE:UBER) rose sharply in premarket trading on Wednesday after the transportation and delivery platform reported first-quarter earnings that exceeded Wall Street expectations. The company posted earnings per share of $0.
May 6 (Reuters) - Wall Street's main indexes opened higher on Wednesday, extending their strong run on hopes of a potential U.S.-Iran peace agreement and sustained enthusiasm around artificial
Novavax (NVAX) delivered earnings and revenue surprises of +75.68% and +100.70%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Shares of Advanced Micro Devices (NASDAQ:AMD) are up by about 14% in early Wednesday trading, changing hands near $406 after a triple-catalyst night that combined a Q1 2026 beat, a sharply higher Q2 2026 outlook, and a Goldman Sachs upgrade. Premarket gains ran closer to 20% before the open trimmed the move. The rally extends ... AMD Soars 14%: Q1 Crusher, Q2 Guide Lift, Goldman $450 Price Target Ignite AI Frenzy
Gas prices were rising fast enough to turn a geopolitical standoff into an economic problem for everyday Americans. Over the past two weeks, investors watched oil prices climb, inflation fears reawaken, and concerns grow that a broader Middle East conflict could push the economy off course just months before the midterm elections. But early Wednesday ... Prediction: Trump’s Iran Deal Will Spark a Stock Market Rally Into Midterms
Settlement tied to AI feature rollout concerns
Software update aims to fix delayed image display problem
Corning and Nvidia said on Wednesday they would partner to expand U.S. production of optical connectivity products used in artificial intelligence data centers. The specialty glass maker also raised its long-term sales targets on surging demand for AI infrastructure. The deal shows how the AI boom is lifting demand beyond chips, benefiting suppliers such as Corning that make the fiber-optic equipment needed to move data between thousands of processors in large data centers.
The server maker's fiscal Q3 revenue came in at $10.2 billion, well below estimates, but guidance for the current quarter sent stock higher
Microsoft is considering delaying or abandoning its 2030 goal of matching its entire hourly electricity use with renewable energy purchases, Bloomberg News reported on Wednesday, citing people familiar with the matter. The expensive and energy-intensive push for data centers is reshaping the feasibility of Microsoft's climate commitments that were made before the AI era and rank among the industry's most ambitious targets, the report said. The discussions were ongoing and no final decision has been made, Bloomberg News added.
Meta Under Pressure as Major Publishers Challenge Llama AI Training Practices
Cryptocurrency exchange Kraken is moving forward with its plans to hold an initial public offering (IPO) this year....
Assurant (NYSE:AIZ) reported what management described as the strongest first-quarter performance in the company’s history, driven by record earnings in its Global Lifestyle segment and continued momentum across mobile device protection and related services. On the company’s first-quarter 2026 earn
Samsung reaches $1 trillion market cap on booming demand for high-bandwidth memory for AI.
Investing.com -- The global economy has proven more resilient than many feared in the wake of the Strait of Hormuz closure, but BCA Research is warning that the window for avoiding a recession is narrowing fast.
The Iran war is impacting FedEx operations in Dubai, which wants U.S. permission to pause flights there from Hong Kong so it doesn’t lose the right to fly that route. The post FedEx wins war waiver for Dubai cargo route appeared first on FreightWaves.
Viper Energy beats Q1 earnings estimates on higher production volume and surging royalty income, driving operating income growth and strong shareholder returns.
Holley (HLLY) delivered earnings and revenue surprises of -6.19% and -4.52%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Astec Industries (ASTE) delivered earnings and revenue surprises of -38.64% and +0.56%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
U.S. buyers of the iPhone 15 Pro and iPhone 16 could receive up to $95 per device if a judge approves the deal
Tesla stock rose early Wednesday as the electric-vehicle maker recalled 218,868 cars to correct a rearview camera issue. Tesla shares were up 0.2% at $390.26, while and futures were up 0.7% and 0.9%, respectively. Benchmark oil prices were down 8% at just over $101 per barrel in early trading.
Shares in Corning are trading nearly 20% higher premarket after Nvidia said it would invest $500 million in the glassmaker. The injection is part of a partnership to expand manufacturing of fiber optics, which are used in AI data centers to transfer data quickly and at scale. Demand for fiber optics has supercharged Corning stock in recent months.
SNDL faces pressure after Q1 results show falling sales, weak cannabis demand, and margin strain, raising concerns about growth in a saturated Canadian market.