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WAI News30 articles
Blackstone Enlists Top Golfer Fleetwood in Wealth Management Expansion
Blackstone has appointed professional golfer Tommy Fleetwood as its inaugural global brand ambassador, a strategic move to attract high-net-worth individual investors. The firm's private wealth unit now oversees $302 billion in assets as competition for affluent capital intensifies.
Oil Soars on Hormuz Closure, Gas Tops $4; Wall Street Eyes $150
Oil prices surged with Brent crude approaching $115 a barrel after an attack on a Kuwaiti tanker closed the Strait of Hormuz, disrupting global supply. The U.S. national average for gasoline has surpassed $4 a gallon.
Michigan Fuel Costs Strain Drivers as National Average Tops $4
Michigan's average gas price remains elevated at $3.915 per gallon, up 92 cents from a month ago, as the national average exceeds $4 for the first time in over three years. Filling a Ford F-150 now costs approximately $102.
Broadcom Tops AI Chip Picks as Custom Silicon Race Heats Up
Broadcom emerged as the favored AI stock pick over Oracle and Marvell in Monday's commentary, highlighted by its 106% quarterly AI revenue surge. Analysts cited its scale and custom chip portfolio as key advantages.
HPE Holds Gains After Analyst Target Hike, AI Backlog Tops $5B
Hewlett Packard Enterprise shares consolidated near weekly highs following a price target increase from Evercore ISI to $30. The firm highlighted robust CPU-driven server demand and a growing AI backlog exceeding $5 billion.
Oil Tops $105 on Iran Tensions, Strains Global Markets
Oil prices surged past $105 a barrel as Iran tensions escalated, dragging down global equities and pushing U.S. gasoline toward $4 a gallon. The Strait of Hormuz remains a critical supply risk.
GameStop's $9 Billion Cash Hoard Overshadows Q4 Sales Decline
GameStop reported a 14% drop in fourth-quarter revenue to $1.104 billion, though net income remained steady at $127.9 million. The company's cash reserves surged to $9.0 billion, nearly matching its market capitalization and intensifying speculation about future acquisitions or capital allocation.
Iran Threats Spark 5% Oil Surge, Brent Tops $108 Amid Gulf Tensions
Oil prices jumped sharply as Iran threatened strikes on Gulf energy infrastructure, pushing Brent crude up 5% to $108.56 a barrel. The escalation offset a large U.S. crude inventory build, with traders focused on geopolitical risks.
Iran Conflict Fuels Global Inflation Surge as Oil Tops $100
The Iran conflict has triggered a severe oil supply disruption, pushing Brent crude above $100 a barrel and sending shockwaves through global freight, agriculture, and consumer markets.
Intel Gains on New Desktop Chip Launch, AI and Foundry Challenges Loom
Intel shares advanced 2.5% in early trading following the launch of its new Core Ultra desktop processors, though the company continues to face scrutiny over AI-server chip supply and its contract manufacturing ambitions.
VIX Plunges from 14-Month High as Bitcoin Tops $70K, Oil Crashes 11%
The Cboe Volatility Index fell to 24.93 after hitting 35.3 Monday. Bitcoin climbed above $70,000 as oil prices tumbled, leaving major U.S. stock indexes mixed.
Broadcom's AI Ambitions Fuel Stock Surge as Revenue Forecast Tops $100 Billion
Broadcom shares gained after the company forecast its AI chip revenue could surpass $100 billion by 2027. First-quarter AI revenue more than doubled to $8.4 billion.
3D Systems Tops Q4 Forecasts, but Bleak Q1 Outlook Raises Doubts
3D Systems reported Q4 revenue of $106.3M, exceeding its forecast, though full-year sales fell 12%. The company anticipates a revenue decline and continued losses for the current quarter.
Okta's Q4 Results Top Estimates, Yet Growth Outlook Hits Post-IPO Low
Okta reported Q4 revenue of $761 million, up 11%, and adjusted EPS of $0.90, both exceeding expectations. However, the company forecast just 9% revenue growth for the current quarter, its slowest since going public.
Garmin's fēnix 8 Pro Clinches Top MWC 2026 Award Amid Strong Fitness Growth
Garmin Ltd. secured the 'Best Connected Consumer Device' award at Mobile World Congress for its fēnix 8 Pro smartwatch. The recognition comes after the company reported a 42% jump in fitness segment revenue and issued an optimistic 2026 sales outlook.
Costco Q2 Results Top Estimates, Eyes Tariff Refunds for Member Price Cuts
Costco Wholesale exceeded analyst expectations for its fiscal second quarter, posting strong sales and profit growth. The retailer indicated any future tariff recoveries would be used to reduce prices for members.
Apple Launches $599 MacBook Neo, Targets Budget Laptop Segment
Apple has introduced the $599 MacBook Neo, featuring the A18 Pro chip and 8GB unified memory, with shipments starting March 11. The company also refreshed its MacBook Air and Pro lines with new M5-series processors.
Visa Tops AI Maturity Index, Shares Gain Amid Market Slump
Visa shares advanced 1.1% to $316.53 on Thursday, outperforming a falling market after being ranked number one for AI maturity in the payments sector. Attention now turns to upcoming producer price data and Visa's quarterly earnings.
Ibovespa Tops 190,000 as B3 Gains on Record Trading Volume
Brazil's benchmark stock index surged to a historic high above 190,000 points on Friday, propelled by robust trading activity. Shares of exchange operator B3 SA advanced, closing at R$18.08.
Tesla Shares Dip on Cybertruck Price Cuts and Autopilot Legal Setback
Tesla shares declined approximately 1% as the company introduced a lower-priced Cybertruck model and faced a significant legal ruling related to its Autopilot system.
Air Canada Q4 Profit Hits C$296M, 2026 EBITDA Outlook Tops Views
Air Canada swung to a C$296 million fourth-quarter profit and issued a 2026 adjusted EBITDA forecast above analyst expectations, fueled by robust overseas corporate and premium travel.
Airtel Outpaces Jio in December Subscriber Gains as India's Broadband Tops 1 Billion
Bharti Airtel added 5.4 million wireless users in December, exceeding Reliance Jio's 3 million additions, while Vodafone Idea and BSNL lost subscribers. India's broadband user base crossed 1.01 billion.
Datadog Q4 Revenue Tops Estimates, 2026 Outlook in Focus
Datadog reported a 29% jump in Q4 revenue to $953M, beating forecasts, but issued a cautious profit outlook. Investors await details on 2026 demand and margins.
Evolution Mining Shares Surge as Gold Tops $5,000; Earnings Report Looms
Evolution Mining's stock climbed over 4% as gold prices rallied above $5,000 per ounce. Investors are now focused on the company's upcoming half-year financial results.
Morgan Stanley Shares Rebound 2.3% as Dow Tops 50,000, Eyes on Data
Morgan Stanley stock gained 2.3% on Friday, halting a three-day decline amid a broad market rally that pushed the Dow above 50,000. Investors now await key delayed U.S. jobs and inflation figures.
AI Investment Splits Tech as Dow Tops 50,000
The Dow Jones Industrial Average closed above 50,000 for the first time, driven by chipmakers like Nvidia, while Amazon fell sharply on news of a massive $200 billion capital expenditure plan for 2026. Investors are scrutinizing soaring AI infrastructure costs.
Dow Jones Tops 50,000 Milestone as AI Rally Fuels Record Close
The Dow Jones Industrial Average closed above 50,000 for the first time on Friday, driven by a rebound in chip stocks. Key inflation and jobs data releases have been postponed to next week.
Visa Eyes Key Economic Data After Dow Tops 50,000
Visa shares edged higher Friday as the Dow Jones Industrial Average closed above 50,000 for the first time. Investor focus shifts to a deluge of delayed U.S. economic reports next week.
Morgan Stanley Rebounds as Dow Tops 50,000; Focus Shifts to Fed Policy and AI Spending
Morgan Stanley shares gained 2.34% to $179.96 on Friday, ending a three-day decline amid broader market strength. The Dow Jones Industrial Average closed above 50,000 for the first time.
Industrial Sector Powers Market Rally as Dow Tops 50,000 Milestone
Industrial stocks led a broad market advance Friday, propelling the Dow Jones Industrial Average above 50,000 for the first time. Investors now await key delayed economic reports for direction on monetary policy.