News

Oct 26
Data-center suppliers get boost as Facebook parent Meta hikes capex for AI

Shares of data-center equipment providers jumped in the extended session Wednesday after Facebook parent Meta Platforms Inc. META, -5.59% hiked its capital expenditure budget. Nvidia Corp. NVDA, -2.75% shares rallied 3.9% after hours, while Advanced Micro devices Inc. AMD, -2.83% shares rose 2.4%, Marvell Technology Inc. MRVL, -4.58% shares surged 3.8%, and Intel Corp. INTC, […]

Oct 26
Crypto Council for Innovation poll sees crypto voters as a force to be reckoned with

The new data show crypto ownership is comparable to that of other assets and especially strong among the young; crypto is seen more favorably than banks in some quarters. 1525 Total views 30 Total shares A poll conducted by the Crypto Council for Innovation (CCI) has shown that a candidate’s position on crypto may impact […]

Oct 26
Oil prices finish higher, supported by a weaker U.S. dollar and weekly fall in gasoline supplies

Oil futures settled higher on Wednesday, finding support on the back of a weaker U.S. dollar, as well as a weekly decline in domestic gasoline stockpiles. The Energy Information Administration reported that supplies of crude rose 2.6 million barrels last week, but gasoline fell by 1.5 million barrels. The EIA data was more bullish than […]

Oct 26
Gold futures settle at their highest price in almost 2 weeks

Gold futures settled at their highest price in nearly two weeks on Wednesday, as the U.S. dollar index and Treasury yields continued to weaken. A weaker dollar has been “good news for bullion investors, but gains should be capped well ahead of the $1,700 level” for gold, said Edward Moya, senior market analyst at OANDA. […]

Oct 26
Boston Scientific stock drops more than 4% after profit misses expectations but sales beat, outlook mixed

Shares of Boston Scientific Corp. BSX, +1.66% dropped 4.4% in premarket trading Wednesday, after the medical devices company missed third-quarter profit expectations but topped on revenue, and provided a mixed full-year outlook. Net income fell to $174 million, or 12 cents a share, from $405 million, or 28 cents a share, in the year-ago period, […]

Oct 26
Endeavor’s IMG sells Miss Universe organization to Thai-based JKN for undisclosed sum

Sports and modeling agency IMG, a unit of entertainment giant Endeavor Group Holdings Inc. EDR, +0.74%, said Wednesday it has sold the Miss Universe organization to Thai-based JKN Global Media Public Co. Ltd. No terms were disclosed. The organization runs the annual Miss Universe competition, which is broadcast in 165 countries. Amy Emmerich will remain […]