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Stocks rise with tech-related shares, notch weekly gains; dollar up
NEW YORK (Reuters) -Most stock indexes climbed on Friday, with Wall Street buoyed by technology-related shares, while the dollar had its first weekly rise in over a month as investors searched for signs that the U.S.-China trade war may be easing. But investors have been listening closely to corporate calls this earnings season, particularly for lowered or pulled projections, amid uncertainty surrounding U.S. President Donald Trump's tariff offensive. Trump said in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over progress to de-escalate a trade war threatening to sap global growth.
Miner Vale's net profit drops 17% on lower iron ore prices
RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian miner Vale reported a 17% decline in its first-quarter net profit on Thursday, hit by lower iron ore prices despite improved costs. Vale, one of the world's largest iron ore producers, posted a net profit of $1.39 billion for the quarter through March, slightly missing a consensus estimate of $1.68 billion by analysts polled by LSEG. The company said earnings were hit by a decline in iron ore prices but the impact was partially offset by its production cost-cutting measures and the Brazilian real's appreciation against the U.S. dollar.
Is Visa Inc. (V) the Best Stock to Buy and Hold for 20 Years?
We recently published a list of 10 Best Stocks to Buy and Hold for 20 Years. In this article, we are going to take a look at where Visa Inc. (NYSE:V) stands against other best stocks to buy and hold for 20 years. As per Ameriprise Financials, the initial months of 2025 were tough for investors. This […]
Publisher Ziff Davis sues OpenAI for copyright infringement
(Reuters) -Digital media publisher Ziff Davis sued OpenAI in Delaware federal court on Thursday, accusing the Microsoft-backed artificial-intelligence company of misusing its publications to train the model behind popular chatbot ChatGPT. Ziff Davis argues that OpenAI "intentionally and relentlessly" exploited copyrighted content for its AI systems, according to a copy of the lawsuit provided by the media company. The new lawsuit adds to a web of high-stakes copyright cases brought by news outlets, authors, visual artists and others against OpenAI and other technology companies for allegedly misusing thousands of copyrighted works to train their generative AI systems without permission.
Why Vivakor, Inc. (VIVK) Stock is Gaining This Week
We recently compiled a list of the Energy Stocks that are Gaining This Week. In this article, we are going to take a look at where Vivakor, Inc. (NASDAQ:VIVK) stands against the other energy stocks. After plunging to a 52-week low earlier this month, the energy sector has since slightly recovered, posting gains of around 2% over […]
Core inflation in Japan's capital sharply accelerates in April
TOKYO (Reuters) -Core consumer prices in Japan's capital rose 3.4% in April from a year earlier, data showed on Friday, accelerating for the second straight month and making the central bank's task of balancing risks from higher U.S. tariffs and rising prices more challenging. The Tokyo core CPI rose above 3% for the first time since July 2023. The higher reading reflected a reduction in government subsidies to curb electricity and gas bills, as well as a series of price hikes for food that took place on April 1, the start of Japan's new financial year.
Why NovoCure Stock Leaped 4% Higher Today
Thursday morning NovoCure (NASDAQ: NVCR) published its first set of quarterly results for 2025, and they pleased more than a few investors. For the first quarter, NovoCure recorded net revenue that was just shy of $155 million. Compounding that, the biotech managed to narrow its generally accepted accounting principles (GAAP) net loss by roughly the same percentage; it landed at $34.4 million ($0.31 per share) against the Q1 2024 shortfall of $38.8 million.
Footwear brand Skechers pulls annual forecast on trade uncertainty, shares drop
(Reuters) -Skechers on Thursday withdrew its annual results forecast as the Trump administration's erratic trade policies fuel economic uncertainty, sending the footwear maker's shares down 7% in extended trading. China production makes up nearly 38% of U.S. sales for Skechers, according to a Bank of America note dated April 9. President Donald Trump has ratcheted up import tariffs on Chinese goods to 145%.
Why AMD Stock Jumped Today
Advanced Micro Devices (NASDAQ: AMD) stock recorded another day of strong gains Thursday. Amid a 2% jump for the S&P 500 and a 2.7% rally for the Nasdaq Composite, the semiconductor specialist's share price closed out the day up 4.5%. AMD stock moved higher today as investors bought back into the broader market on reports that the U.S. is making moves to lower trade war tensions with other economic leaders.
Why Cadence Design Systems Stock Crushed It on Thursday
Chip-making equipment specialist Cadence Design Systems (NASDAQ: CDNS) was targeted for a recommendation upgrade on Thursday, and investors eagerly leapt into the stock. The company behind the upgrade was American banking powerhouse JPMorgan Chase. The bank also cranked the price target higher to $325 per share from the preceding $300.
BOJ's Ueda keeps rate-hike pledge but warns of US tariff impact
WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will continue to raise interest rates if underlying inflation converges toward its 2% inflation target as projected. But he said the central bank will scrutinise how various information, including on the potential economic fallout from higher U.S. tariffs, could affect the likelihood of durably achieving its price goal - a prerequisite for further interest rate hikes. Tariffs affect the economy through various channels such as by weighing on trade activity, cooling business sentiment and heightening market volatility, Ueda told a news conference after attending the Group of 20 finance leaders' gathering held during the International Monetary Fund and World Bank Group meetings in Washington.
Is KKR & Co. Inc. (KKR) The Best Aggressive Growth Stock To Buy Now?
We recently compiled a list of the 13 Best Aggressive Growth Stocks to Buy Now. In this article, we are going to take a look at where KKR & Co. Inc. (NYSE:KKR) stands against the other aggressive growth stocks. US stocks delivered a positive performance on Wednesday, April 23, after President Trump pointed out that […]
Duke Energy Corporation (DUK): Among the Growing Dividend Stocks with Low PE Ratios
We recently published a list of the 30 Growing Dividend Stocks with Low PE Ratios. In this article, we are going to take a look at where Duke Energy Corporation (NYSE:DUK) stands against other growing dividend stocks. Value stocks are enjoying a rare period of strength amid this year’s broader market downturn. With earnings season approaching, […]
Oil posts weekly fall on tariff worry and rising supplies
NEW YORK (Reuters) -Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China. Brent crude futures settled 32 cents higher at $66.87 a barrel, taking losses to 1.6% over the week. China exempted some U.S. imports from its steep tariffs in a sign on Friday that the trade war between the world's top two economies could be easing, though Beijing quickly knocked down U.S. President Donald Trump's assertion that negotiations were underway.
Workers could save 122 hours a year by adopting AI in admin tasks, says Google
LONDON (Reuters) -Britain could gain 400 billion pounds ($533 billion) from AI-driven growth if it trained its workforce, Google said, after a pilot scheme in the UK showed workers could save more than 120 hours a year by using AI in administrative tasks. Simple steps such as giving workers permission to use AI and a few hours of training to get them started could help double the adoption of the new technology, and in turn boost economic growth, Google said in a report on its pilot scheme, published on Friday. The U.S. tech giant, which developed the Gemini AI chatbot, said that according to analysis by Public First, its partner in the scheme, two thirds of workers - particularly older women from lower socio-economic backgrounds - had never used generative AI at work.
Consolidated Edison, Inc. (ED): Among the Growing Dividend Stocks with Low PE Ratios
We recently published a list of the 30 Growing Dividend Stocks with Low PE Ratios. In this article, we are going to take a look at where Consolidated Edison, Inc. (NYSE:ED) stands against other growing dividend stocks. Value stocks are enjoying a rare period of strength amid this year’s broader market downturn. With earnings season approaching, […]
Automakers focus on the global market, chide the US over tariffs at Shanghai's auto show
Booths of big Chinese, German and Japanese automakers were bustling at Shanghai’s auto show this week as the industry kept its focus on a wider global market not subject to steep U.S. tariffs on imports of cars and auto parts. Signs are that U.S. President Donald Trump’s 25% tariffs on auto imports is causing companies to recalibrate their strategies, and in some cases find new opportunities.
Is PDD Holdings Inc. (PDD) The Best Aggressive Growth Stock To Buy Now?
We recently compiled a list of the 13 Best Aggressive Growth Stocks to Buy Now. In this article, we are going to take a look at where PDD Holdings Inc. (NASDAQ:PDD) stands against the other aggressive growth stocks. US stocks delivered a positive performance on Wednesday, April 23, after President Trump pointed out that he […]
China's Baidu says its Kunlun chip cluster can train DeepSeek-like models
BEIJING/SHANGHAI (Reuters) -China's Baidu has successfully "illuminated" a cluster comprising 30,000 of its self-developed, third generation P800 Kunlun chips, which can support the training of DeepSeek-like models, its CEO said on Friday. Robin Li made the announcement at the company's annual developer conference where the Chinese search engine giant is giving updates on its artificial intelligence (AI) efforts. "Illuminated" means switching the cluster on and preparing it for training tasks.
Hartford profit falls as California wildfire losses climb
The California fires, one of the costliest natural disasters in American history, are estimated to have caused economic losses running up to $250 billion, dealing a major blow to insurers' earnings. Natural disasters have had a major effect on insurers, especially as the frequency of catastrophic weather-related incidents have increased. Hartford said that its property and casualty (P&C) current accident year catastrophe losses came in at $467 million, before tax, for the quarter.
Why Vista Energy, S.A.B. de C.V. (VIST) Stock is Gaining This Week
We recently compiled a list of the Energy Stocks that are Gaining This Week. In this article, we are going to take a look at where Vista Energy, S.A.B. de C.V. (NYSE:VIST) stands against the other energy stocks. After plunging to a 52-week low earlier this month, the energy sector has since slightly recovered, posting gains of […]
How Today's Stock Move Stacks Up
Tesla stock gained 5.4% on Wednesday, closing at $250.74 after reporting first-quarter earnings Tuesday evening. It’s a big gain. But for Tesla stock, it’s—well—just an average post-earnings move. The Wednesday jump is only the fifth-largest rise since the first quarter of 2020. Looking at the abs
Chipmaker TI's rosy forecast soothes tariff worries, for now
(Reuters) -Texas Instruments forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on robust demand for its analog chips even as the threat of U.S. tariffs has stoked uncertainty across the semiconductor industry. The outlook, the first from a major U.S. chipmaker this earnings season, sent TI shares up more than 5% in after-hours trading. The stock had fallen over 17% so far this year, weighed down by macroeconomic jitters and trade tensions.
$142M high-yield investment fund accused of Ponzi scheme
CCG’s Robert Buchanan and Harney Partners’ Greg Milligan (Facebook, Harney Partners)Another high-yield real estate investment pitch has transformed into a high-stakes courtroom cleanup. An Austin-based real estate lender already under court-appointed receivership is facing allegations that its investment operation was a Ponzi scheme “from the very beginning,” according to the receiver’s forensic report, the Austin Business Journal reported. The receiver, […]This article originally appeared on Th
Why Tesla Stock Jumped 5.4% on Weak Earnings
Tesla's sales, operating income, and profit margin all fell year over year. But investors were braced for bad results after Tesla's first-quarter deliveries fell 13% year over year. The stock ended Wednesday up 5.4%. There are two big positives taking the sting out of those weak results: 1\. The c
Stocks Rally as Major Indexes Pull Back from Session Highs
The stock market rallied again on Wednesday, though the major indexes pulled back from their highs of the day. The Dow Jones Industrial Average rose 418 points, or 1.1%. The S&P 500 was up 1.7%. The Nasdaq Composite rallied 2.5%. The yield on the 2-year Treasury note rose to 3.86%, while the 10-ye
Why Is Cybersecurity Stock Check Point Software Sliding On Wednesday?
Cybersecurity provider Check Point Software Technologies (NASDAQ:CHKP) reported fiscal first-quarter results on Wednesday. The company reported quarterly revenue growth of 7% year over year to $637.8 million, topping the analyst consensus estimate of $636.2 million. The American Israeli enterprise security solution provider’s adjusted EPS of $2.21 beat the analyst consensus estimate of $2.19. The stock declined following the report, despite the earnings beat. Also Read: Check Point Boosts Threat
Chipotle tempers annual sales forecast as dining-out takes a hit
The company now expects annual comparable sales growth in the low single-digit range, compared with a prior forecast for a low- to mid-single-digit rise. President Donald Trump's sweeping tariffs on trade partners including Mexico and Canada, as well as an escalating trade war with China, have raised fears of a recession in the U.S. and forced companies to pull back their annual expectations as consumers deal with higher costs of living. While Chipotle has thus far benefited from menu innovation and optimizing kitchen operations, the company could face some impact from import tariffs on goods such as avocados and beef, analysts have noted.