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The global semiconductor rally has entered its first genuine test since the artificial intelligence investment cycle began in earnest three years ago. The MSCI World Semiconductor Index is on track for its worst monthly performance since 2022, having declined by roughly 13 percent this …
Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, reaching a session high of $342.89 before easing to close at $340.08, a level that left its market value just below the threshold at roughly $4.98 trillion to $4.95 trillion depending …
Ford lifted its annual guidance for the second time this year on Tuesday, raising its projected earnings before interest and taxes to a range of $10 billion to $11 billion, up from the $8.5 billion to $10.5 billion range set in April and the …
Iran's skies have remained free of airstrikes for several days following renewed fighting with the United States, yet Iranian officials maintain they have not agreed to any ceasefire and see no urgency in returning to direct talks with American negotiators. Iranian military leaders have …
A Ukrainian strike last weekend on an Iranian cargo ship in the Caspian Sea has underscored the links between two separate wars Kyiv and Tehran have been fighting indirectly for years, raising tensions and the risk of more direct confrontation between the countries. Ukraine …
Early second-quarter earnings reports from hotel chains, cruise operators and airlines show how resilient business and leisure demand from American travelers, combined with a short-term World Cup boost, has helped the travel industry absorb the drag from the ongoing war in the Middle East. …
A coalition of 44 state attorneys general wrote to the Commodity Futures Trading Commission arguing that the agency lacks the statutory authority to regulate sports related event contracts offered on prediction market platforms. The letter, led by Ohio Attorney General Andy Wilson, arrived as …
The Sherwin-Williams Company (NYSE:SHW) shares surged Tuesday after the paint and coatings maker delivered a strong second-quarter earnings beat, with adjusted EPS of $3.70 topping a $3.56 consensus estimate and net sales of $6.8 billion, an increase of 7.5 percent year-over-year, also beating expectations …
SLB (NYSE:SLB) shares are giving back a portion of last Friday's post-earnings surge, falling roughly 2.7 percent Tuesday as crude oil prices extend their decline amid easing U.S.-Iran tensions, pressuring the broader energy sector alongside the Energy Select Sector SPDR Fund.
Sterling Infrastructure (NASDAQ:STRL) shares tumbled sharply Tuesday, sliding as much as 15 percent intraday before stabilizing in after-hours trading, as heavy social-media chatter and broad market anxiety intensified a multi-week selloff heading into the company's second-quarter earnings on August 3.
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