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Aramco Achieves 70% Domestic Procurement, Aims for 75% by 2030
Saudi Aramco has reached a 70% local content level in its procurement through the iktva program and is now targeting 75% by 2030. The initiative has added over $280 billion to the national GDP.
Unity Software Plunges on Weak Q1 Forecast, AI Concerns
Unity Software shares dropped nearly 10% following a weak first-quarter revenue forecast and analyst warnings about competitive threats from artificial intelligence.
Lam Research Dips Amid Export Settlement, CPI and Applied Materials Results Loom
Lam Research shares declined slightly in volatile trading as the sector digested a major export-control settlement and awaited key inflation data and peer earnings.
Adobe Stock Slides Amid AI Uncertainty and Rate Concerns
Adobe stock declined 1.4% to $253.66, tracking broader software sector weakness. Investors are weighing AI disruption risks against monetary policy uncertainty.
Verizon Shares Reach 52-Week Peak Amid Telecom Sector Strength
Verizon Communications shares surged to a fresh 52-week high, approaching $50, as telecom stocks rallied against a declining S&P 500. The advance follows the company's robust free cash flow outlook and a multi-billion dollar share repurchase authorization.
Astera Labs Shares Drop on Margin Outlook, Amazon Warrant Details
Astera Labs shares declined sharply following a reduced gross margin forecast and the disclosure of a major warrant agreement with Amazon. The company also announced a CFO transition.
Goldman Sachs Shares Slide 3.8% Amid Sector-Wide Retreat Ahead of CPI
Goldman Sachs shares dropped 3.8% to $908.84 Thursday, mirroring a broad decline in financial stocks as markets await Friday's crucial inflation report.
Albemarle Idles Australian Lithium Plant Amid Price Pressure
Albemarle shares dropped sharply after idling its Kemerton lithium processing unit in Australia. China's battery-grade lithium carbonate prices rose slightly, but spot trading remained sluggish.
IEA Trims Oil Demand Outlook, Sending Prices Lower
Crude oil prices dropped sharply Thursday following a reduced demand forecast from the International Energy Agency and a large build in U.S. stockpiles.
Oil Prices Retreat as IEA Trims Demand Outlook, Inventories Swell
Brent crude prices declined sharply following a reduced demand-growth projection from the IEA and a larger-than-expected build in U.S. crude inventories. Traders are now watching OPEC+ policy moves.
Bitcoin Retreats Below $66K Amid ETF Outflows and Platform Concerns
Bitcoin declined below $66,000 Thursday, pressured by significant outflows from U.S. spot ETFs and a withdrawal freeze at crypto firm BlockFills.