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FCN News10 articles
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.