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FCN News15 articles
Belgium Clears Tesla FSD, Lifting Shares and Reviving European Autonomy Hopes
Tesla shares bounced back in premarket trading after Belgium became the fifth EU country to approve its Full Self-Driving (Supervised) software, shifting investor attention back to autonomy and high-margin software revenue.
Target’s Sales Surge Breaks Three-Year Decline, Lifting Outlook
Target reported first-quarter net sales of $25.44 billion, up 6.7%, ending a three-year revenue decline. The retailer raised its full-year sales forecast to about 4% growth.
Pershing Square Takes $2.09B Stake in Microsoft, Lifting Shares
Pershing Square disclosed a $2.09 billion Microsoft stake, sending shares up 3.1% as the AI trade faces bond market headwinds.
Qualcomm Hits Record High on AI Data Center Push, Shifting Investor Focus
Qualcomm shares hit an all-time high amid a chip rally, as investors pivot to its data center ambitions. Q2 revenue reached $10.6B, and a $20B buyback was authorized.
Circle Faces Q1 Earnings Test Amid Shifting Stablecoin Regulations
Circle Internet Group reports Q1 earnings Monday before the market opens, with analysts expecting $0.19 EPS and $715M revenue, as USDC circulation surged 72%.
Seagate Soars on AI Storage Demand, Lifting Sector
Seagate forecast Q4 revenue of $3.45B and EPS of $5.00, beating estimates. Shares jumped 18% premarket, lifting sector peers.
Intel's Surge Reshapes AI Chip Market, Lifting AMD and Nvidia
Intel's 23.6% surge on strong earnings reshapes AI chip dynamics, lifting AMD and Nvidia as CPUs gain focus in inference and agentic AI workloads.
Stocks Soar as Strait of Hormuz Truce Eases Oil Prices, Lifting Rate-Cut Hopes
Major U.S. equity indices surged to new highs Friday after Iran confirmed the Strait of Hormuz would remain open during a 10-day truce, pushing oil prices lower and reviving expectations for Federal Reserve rate cuts later this year.
Oil Prices Steady Near $95 Amid Hormuz Disruption, Shifting Demand Forecasts
Oil futures showed minimal movement, with Brent crude holding near $95 per barrel, as constrained tanker traffic through the Strait of Hormuz provided a floor against diplomatic optimism. Major agencies revised their demand forecasts lower.
Exxon Mobil Diverts Fuel to Australia Amid Hormuz Closure, Lifting Oil Prices
Exxon Mobil is sending its first fuel cargo from the U.S. Gulf Coast to Australia since December to address Asian supply shortages caused by the Strait of Hormuz closure. Brent crude surged 4.7%.
Barratt Redrow Shares Climb on Buyback Activity Amid Shifting Rate Expectations
Barratt Redrow's stock advanced 2.4% in early London trading following a share buyback, while market focus shifts to upcoming UK inflation figures and potential Bank of England policy moves.
Kingfisher Gains on Buyback Activity Amid Shifting Rate Expectations
Kingfisher Plc shares advanced in London trading following the latest tranche of its substantial buyback program. Market sentiment was also influenced by rising UK unemployment, which increased expectations for monetary policy easing.
Ryanair Inks $1B Annual Parts Deal with CFM, Lifting GE Aerospace Shares
GE Aerospace shares gained 0.3% after Ryanair announced a multi-year agreement to purchase over $1 billion in engine parts annually from CFM International, a joint venture with Safran.
NAB Shares Steady Ahead of Quarterly Update Amid Shifting Rate Expectations
National Australia Bank shares closed flat at A$43.98 in a volatile session as investors await next week's trading update. The bank will raise variable home loan rates following the RBA's latest hike.
Chip Stocks Rally on Sustained AI Investment, Lifting Major Indexes
Semiconductor stocks surged Friday, led by Nvidia and AMD, as forecasts point to robust industry growth and major tech firms maintain heavy capital expenditure.