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Dow Jones Hits New Peak as IBM Surges on Quantum Funding
The Dow Jones Industrial Average closed at a record high, lifted by a 12.4% surge in IBM following a proposed $1 billion U.S. quantum-computing award. Oil prices declined amid U.S.-Iran talks, and Walmart fell on consumer spending concerns.
Dow Jones Hits Record High as Oil Retreats, IBM Surges
The Dow Jones closed at a record 50,285.66 on Thursday, lifted by a 12.5% jump in IBM after it secured $1 billion in federal funding for a quantum-chip venture. Oil prices fell 2.3%, easing inflation concerns.
BlackBerry Shares Surge on Government Security Certification and QNX Growth Outlook
BlackBerry shares rose sharply after its AtHoc crisis-communications platform secured renewed U.S. government cloud security certification and executives touted QNX growth prospects.
Bezos Calls for Eliminating Federal Income Tax for Bottom Half of Earners, Clashes with NYC Mayor
Jeff Bezos advocates for eliminating federal income taxes for the bottom half of U.S. earners, opposing NYC Mayor Mamdani's proposed tax on luxury second homes. The tax policy debate intensifies.
QuantumScape Surges 9% on Production Milestones and Auto Partnerships
QuantumScape (QS) shares surged 9% Thursday, outpacing major indexes, driven by initial QSE-5 cell production from its new Eagle Line and continued partnerships with Volkswagen and other automakers.
SpaceX Starship V3 Debut Flight Set for Thursday at Starbase
SpaceX will launch its first Starship V3 from Texas on Thursday, a key test for heavier payloads and lunar missions, with a booster splashdown and engine relight planned.
Ambev Shares Near 12-Month High as Beer Margins Remain Resilient
Ambev shares in São Paulo rose 1.42% to 16.45 reais, nearing a one-year high, as first-quarter results showed resilient beer margins and solid volume growth.
AT&T Shares Rally on $15 Plan and California Fiber Push
AT&T shares gained 1.6% to $25.33 following the rollout of a $15/month Build-A-Plan wireless offering and a legal move to end legacy copper service in California.
Eos Energy Surges 15% on First Deployment Under Cerberus-Backed Platform
Eos Energy Enterprises shares surged 14.7% to $8.16 after Frontier Power USA signed a deal to acquire 480 MWh of Texas battery-storage projects, the first deployment under its Cerberus-backed platform.
Sandisk Surges 10% on Tight NAND Supply and AI Demand Boom
Sandisk shares surged 10% after management said NAND flash supply will remain tight due to AI demand. Citi raised its price target to $2,025. Western Digital and Micron also rose.