Dell Technologies’ shares slipped nearly 9% in trading on Friday, after the company raised its full-year guidance but issued a softer-than-expected forecast for the current quarter.Investors focused on the weaker near-term outlook even as Dell highlighted strong demand for artificial intelligence (AI) servers, which has become the company’s standout growth…
Canada’s economy contracted at a sharper pace than forecasted in the second quarter as exports pulled back in the face of US tariffs, Statistics Canada said on Friday.The economy shrank by 1.6% on an annualised basis in the three months to June 30 after growth of 2.0% in the first…
The European Union is currently exploring the implementation of more stringent regulations for companies regarding the verification of the origin of their imported gas. This initiative is a core component of the bloc’s broader strategy to gradually eliminate its reliance on Russian energy imports. A confidential document outlines these proposed measures, indicating…
Itaú BBA reiterated its buy recommendations on Brazilian pulp and paper manufacturers Suzano (SUZB3) and Klabin (KLBN11), citing attractive valuations after its estimates update based on the companies’ second-quarter results.According to local media outlet InfoMoney, the analysis took into account a projected appreciation of the real, as per the bank’s…
Nukkleus Inc (NASDAQ: NUKK) soared over 40% this morning after announcing a strategic joint venture with “Mandragola” aimed at modernising aviation infrastructure across Europe and Israel.The deal broadens NUKK’s presence in the fast-growing aircraft maintenance, repair, and overhaul (MRO) market, which was valued at about $110 billion in 2024.Nukkleus stock…
In a world where investors are used to seeing AI firms report exciting growth in data centre revenue – Marvell Technology Inc (NASDAQ: MRVL) came in shy of expectations on that front in Q2.Naturally, investors bailed on MRVL shares today, making it close down nearly 20%.Still, a senior JPMorgan analyst…
Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon Musk battles the SEC again over Twitter stock disclosure delays.The day started with July inflation numbers, which hit a five-month high at 2.9%, complicating the Fed’s September rate…
A federal appeals court has ruled most of Donald Trump’s global tariffs illegal, shaking up the future of presidential powers over trade.The Thursday decision from the US Court of Appeals for the Federal Circuit has major immediate and long-term consequences for US trade, international diplomacy, and domestic law.The implementation of…
Affirm stock skyrocketed 17% on Friday after a robust quarterly earnings report and optimistic guidance for the fiscal year 2026.What really got investors excited was the whole package. Revenue was growing fast, they actually made money this quarter (which hasn’t always been a given), and suddenly the whole “buy now,…
Ambarella (NASDAQ: AMBA) stock soared 20% on Friday after the semiconductor company delivered second-quarter earnings that topped Wall Street expectations and issued guidance well ahead of analyst forecasts. The results underscored growing demand for the company’s edge artificial intelligence (AI) solutions, boosting investor sentiment.Earnings beat estimatesFor the quarter, Ambarella reported…