Tag: markets
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Wendy’s shares soar for a second day as retail investors pile into their new meme darling
The stock’s advance appeared largely disconnected from company fundamentals and instead reflected a burst of social-media enthusiasm.
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Iraq piles pressure on OPEC over quota dispute after UAE exit
Reuters reported that though Iraq had considered leaving OPEC, the current plan is to remain a member of the group while seeking a higher output quota.
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Bitcoin is having a tough year. Traders are betting it’s going to get worse
Options traders are treating this break like it could be the tip of an iceberg.
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Stocks making the biggest moves premarket: Micron, Qualcomm, IBM, Wendy’s & more
These are the stocks posting the largest moves in the premarket.
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Darden Restaurants earnings beat estimates but Olive Garden growth weakens
Same-store sales growth at Darden’s fine-dining restaurants and Olive Garden fell short of expectations.
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Micron stock jumps over 16% in premarket trading after blockbuster earnings
The company’s revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion, it reported on Wednesday
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Defense stocks slide again, as Germany’s naval U-turn shakes confidence in Europe’s rearmament boom
Rheinmetall and other European defense stocks fell for a second day, after Germany scrapped the F126 naval program, raising procurement concerns.
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Gold holds below $4,000, silver below $60 — has the shimmer worn off the precious metal rally?
Gold is down almost 8% so far this year, while silver has shed more than 20%.
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Micron posts record results as AI boom drives 15-fold jump in profit
The US chipmaker Micron Technology has reported quarterly revenue and profit far above Wall Street’s expectations, as insatiable demand for the memory chips that power AI transformed the firm’s fortunes.
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CNBC Daily Open: Micron steals Nvidia’s margin king crown
Micron overtakes Nvidia and Meta to be Wall Street’s new margin king.
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