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Petrobras Stock Rises on Oil Price Rally, Dividend Outlook in Focus
Petrobras shares climbed 4.3% Monday as surging crude prices renewed discussions about additional shareholder returns. The Brazilian oil giant reported a Q4 net profit of 15.6 billion reais, though executives indicated extra dividends are unlikely this year.
Intel Invests $1.4B in Ohio Chip Plant, Maintains 2030-2031 Timeline
Intel has disclosed a $1.4 billion investment in its Ohio chip manufacturing site for 2025 and states it does not anticipate additional project delays. The company maintains its target to begin operations between 2030 and 2031.
NVIDIA, ABB Forge Factory AI Alliance to Bridge Simulation-Reality Gap
NVIDIA and ABB have announced a strategic partnership to embed NVIDIA's Omniverse platform into ABB's RobotStudio software, aiming to achieve near-perfect accuracy when transferring robot training from simulation to physical factories. The collaboration is a key move for NVIDIA to expand its industrial AI footprint beyond data centers.
Lumentum Surges on S&P 500 Inclusion, Fueled by Nvidia AI Partnership
Lumentum Holdings shares rallied over 10% on news of its upcoming inclusion in the S&P 500 index, extending gains driven by a major strategic partnership with Nvidia focused on AI photonics.
Stocks Sink as Oil Surge and Jobs Data Fuel Stagflation Worries
U.S. stocks dropped sharply Monday as oil prices neared $120 per barrel and a surprise loss of 92,000 jobs in February intensified concerns about stagflation. The Dow, S&P 500, and Nasdaq each fell roughly 1.3%.
Costco Holds Cash, Focuses on Digital Growth After Strong Quarter
Costco posted quarterly sales of $68.24 billion and net income of $2.04 billion, exceeding forecasts. The company holds $17.38 billion in cash but has no immediate plans for a special dividend, focusing instead on warehouse expansion and digital investments.
Jefferies Faces Legal Battle, Limits MFS Losses Under $20M
Jefferies Financial Group disclosed that losses from the collapse of UK lender Market Financial Solutions will likely remain below $20 million. The firm also contested a $126.4 million claim from Western Alliance Bancorporation, sparking a legal dispute.
Red Cat Shares Retreat After Pentagon Drone Shortlist, Q4 Revenue Surge Awaited
Red Cat Holdings shares declined approximately 4% Monday after its drone unit was named a finalist for Pentagon contracts, tempering a recent rally. The company anticipates reporting a massive year-over-year revenue increase for its fourth quarter on March 18.
Atara Biotherapeutics Surges on FDA Leadership Shift, EBVALLO Review in Focus
Atara Biotherapeutics shares surged 18% Monday following news of an upcoming FDA leadership change, reviving investor hope for a reconsideration of its rejected EBVALLO therapy for a rare blood cancer.
Capricor Shares Gain Ahead of Key Duchenne Data and Financial Update
Capricor Therapeutics shares advanced 7.6% as the company prepares to release quarterly results and full Phase 3 data for its Duchenne muscular dystrophy drug deramiocel on March 12.
Nasdaq, Kraken Forge Tokenized Stock Platform for 2027 Rollout
Nasdaq is developing a tokenized shares framework with crypto exchange Kraken, aiming to link traditional markets with blockchain networks by the first half of 2027.
Wealth Managers Boost QQQ Stakes, but Data Lags Market Moves
Recent SEC filings reveal two wealth managers raised their stakes in the Invesco QQQ ETF in Q3 2025, though subsequent data shows one trimmed its position by year-end. The Nasdaq-100 tracker traded near $593, down 1.1%, as investors weigh growth prospects against macro risks.