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American Eagle Outfitters Swings to Q1 Adjusted Earnings, Revenue Rises; Shares Fall After Hours

American Eagle Outfitters (AEO) reported fiscal Q1 adjusted earnings late Thursday of $0.14 per diluted share, swinging from the loss of $0.29 a year earlier.Analysts polled by FactSet expected a $0.12 profit.Revenue in the 13 weeks ended May 3 rose to $1.2 billion from $1.09 billion a year earlier.Analysts surveyed by FactSet expected $1.18 billion.The company expects mid-to-high single-digit comparable sales growth in Q2 and mid-single-digit growth in fiscal 2026.American Eagle shares fell 11% in after-hours trading.

$AEO

Wire33d ago

Earnings Flash (DELL) Dell Posts Fiscal Q1 Adjusted EPS $4.86, vs. FactSet Est of $3.00

$DELL

Wire33d ago

Earnings Flash (DELL) Dell Posts Fiscal Q1 Revenue $43.8B, vs. FactSet Est of $35.74B

$DELL

Wire33d ago

Top Cryptocurrencies Fall; Bitcoin Drops Below $74,000

Top cryptocurrencies fell Thursday, with Bitcoin (BTC-USD) dropping below $74,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 1.6% in the past 24 hours. The Nasdaq 100 rose 0.8%, the S&P 500 increased 0.6%, and the Dow Jones Industrial Average was up 0.1%.Bitcoin dropped 2% to $73,404, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 28.6% to $41.56 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dropped 1.8% to $2,016.XRP (XRP-USD) fell 0.7%, BNB (BNB-USD) declined 1.9%, and Solana (SOL-USD) shed 1.8%. Dogecoin (DOGE-USD) dropped 1.9%, and Cardano (ADA-USD) lost 2.3%.The total market value of the cryptocurrency industry fell 2.1% in the past 24 hours to $2.54 trillion, with trading volume declining 1.8% to $149.03 billion.Price: $73379.35, Change: $-953.59, Percent Change: -1.28%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Wire33d ago

IBM Plans $10 Billion Investment in Quantum Computing

International Business Machines (IBM) said Thursday in a filing that it plans to invest more than $10 billion over the next five years to support quantum computing development, including through research and development, capital expenditures, ecosystem partnerships, manufacturing scaling, and mergers and acquisitions.The company said the investment further strengthens its confidence in delivering the first large-scale fault-tolerant quantum computer by 2029.This investment announcement follows last week's letter of intent between IBM and the Department of Commerce to build Anderon, an American quantum chip foundry, to accelerate quantum innovation, according to the filing.Shares of IBM rose more than 3% in Thursday trading.Price: $263.65, Change: $+8.45, Percent Change: +3.31%

$IBM

Wire33d ago

NeoVolta to Supply Large-Scale Battery Energy Storage Systems to Infinite Grid Capital; Shares Fall

NeoVolta (NEOV) has entered into a letter of intent to supply around 1.1 gigawatt-hours of battery energy storage products to Infinite Grid Capital, or IGC, the energy infrastructure investment platform said Thursday.Financial details weren't provided.IGC will procure utility-scale battery storage systems from NeoVolta's Georgia facility, which is expected to begin production in Q3, to power its artificial intelligence infrastructure buildout across the US, IGC said.The preliminary deal also includes coordinated marketing, financing, strategic investment, and project development activities between the companies. The letter of intent will remain in effect for 12 months from execution, IGC added.Shares of NeoVolta fell around 24% in afternoon trading.Price: $1.97, Change: $-0.61, Percent Change: -23.64%

$NEOV

Wire34d ago

Sector Update: Energy

Energy stocks were edging up late Thursday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) both fractionally higher.The Philadelphia Oil Service Sector Index was falling 1.5%, and the Dow Jones US Utilities Index shed 1%.Front-month West Texas Intermediate crude oil rose 0.5% to $89.14 a barrel, and the global benchmark Brent crude contract shed 0.4% to $93.93 a barrel. Henry Hub natural gas futures climbed 5% to $3.04 per 1 million BTU.In corporate news, BP's (BP) former chairman Albert Manifold, who was ousted earlier in the week, had fallen out with company secretary Ben Mathews before his removal from the role, the Financial Times reported. BP shares were down 0.4%.

$BP

Wire34d ago

Robinhood Markets Says Trump Accounts App Available Ahead of July 4 Launch

Robinhood Markets (HOOD) said the official Trump Accounts app is now available for download ahead of the tax-advantaged investment accounts' July 4 launch.Eligible US children born from 2025 to 2028 will qualify for a $1,000 initial contribution from the Treasury Department, the company said Thursday in a statement.Family members and employers can collectively contribute up to $5,000 per year with money automatically invested in a default low-cost index fund, the company said.Account holders will assume control of the assets at age 18 subject to traditional individual retirement account rules, Robinhood said.The Trump Accounts app, available in Apple (AAPL) and Alphabet's Google (GOOG) app stores, was built in partnership with Bank of New York Mellon (BNY) and Robinhood, CNBC reported Thursday, citing a Treasury spokeswoman.Robinhood shares rose 9.1% in Thursday trading, and Bank of New York Mellon gained 0.7%.Price: $83.16, Change: $+6.93, Percent Change: +9.09%

$BNY$HOOD

Wire34d ago

Dollar Tree Traffic Trends Ease Bear Concerns, Truist Says

Dollar Tree (DLTR) Q1 results reinforced confidence that improving traffic trends and margin gains could support further upside in the shares, Truist Securities said in a note on Thursday.The brokerage said the results eased one of the market's biggest concerns around the retailer, adding that "the entire crux of the bear argument on the stock" has been centered on deteriorating customer visits.Looking ahead, Truist said continued improvement in traffic despite higher ticket growth could help Dollar Tree shares "re-rate significantly from current levels," as investors gain confidence in merchandise improvements and store execution.Truist maintained its buy rating and $107 price target.Price: $111.18, Change: $+15.31, Percent Change: +15.97%

$DLTR

Wire34d ago

Cameco Shares Rise After Key Lake Mill, McArthur River Mine Return to Full Production

Cameco (CCJ) shares rose 3.4% on Thursday after the company said that it reaffirmed its 2026 production guidance and that the Key Lake mill and McArthur River mine have resumed full uranium production activities following a disruption due to flooding in Saskatchewan.The timing to restore access to the primary supply route is being confirmed, but the company has been able to deliver the required volume of critical materials via the secondary route, the company said.Risks of thawing and precipitation could lead to further road restrictions, resulting in delays in future deliveries, according to the company.Price: $110.64, Change: $+3.20, Percent Change: +2.98%

$CCJ

Wire34d ago

Market Chatter: Microsoft Poised to Release New Coding Model Next Week

Microsoft (MSFT) is slated to release a suite of new homegrown AI models next week at its annual Build conference in San Francisco, The Information reported Thursday.The company will unveil a coding model aimed at boosting the competitiveness of Microsoft-owned GitHub Copilot, the report said, adding that it also plans to introduce new models specialized in tasks such as transcription, reasoning, speech, and image processing.The new suite of models will build on earlier homegrown models that Microsoft previewed earlier this year, according to the news outlet.Microsoft did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $426.40, Change: $+13.73, Percent Change: +3.33%

$MSFT

Wire34d ago

Anthropic Raises $65 Billion in Series H Funding

Amazon.com (AMZN)-backed Anthropic has raised $65 billion in series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital at a $965 billion post-money valuation, the artificial intelligence firm said in a Thursday post on X.The funding is expected to help Anthropic advance its research efforts and boost capacity to meet growing demand for Claude, the firm said.Price: $272.36, Change: $+0.51, Percent Change: +0.19%

$AMZN

Wire34d ago

Update: HEICO Shares Rise After Fiscal Q2 Earnings, Revenue Beat Consensus

(Updates with recent stock movement in headline and first paragraph.)HEICO (HEI) shares were up 8.6% in afternoon trading on Thursday after the company posted fiscal Q2 earnings and revenue that surpassed analysts' consensus.The company reported on Wednesday fiscal Q2 earnings of $1.66 per diluted share, up from $1.12 a year earlier.Analysts polled by FactSet expected $1.33.Revenue for the quarter ended April 30 was $1.38 billion, up from $1.10 billion a year ago.Analysts surveyed by FactSet expected $1.25 billion.Price: $336.60, Change: $+27.20, Percent Change: +8.79%

$HEI

Wire34d ago

Anthropic Valued at $965 Billion After Raising $65 Billion in Series H, Bloomberg Reports

$AMZN

Wire34d ago

Calix, Nex-Tech Extend Partnership for AI Cloud Platform

Calix (CALX) said Thursday that Nex-Tech is expanding their partnership to adopt the Calix Agent Workforce Cloud on the artificial intelligence-native Calix One platform to support growth.The telecommunications provider will utilize the platform's artificial intelligence capabilities to scale its multi-dwelling unit strategy with automated move-ins and improved property visibility, Calix said.Nex-Tech is also deploying GigaSpire Wi-Fi 7 equipment for residential users alongside SmartBiz, SmartHome, and SmartMDU applications to simplify operations, the company said.Price: $40.14, Change: $-0.84, Percent Change: -2.05%

$CALX

Wire34d ago

Market Chatter: Toyota Motor to Discontinue Development of Next Generation Lexus EV Model

Toyota Motor (TM) will discontinue development of a next-generation Lexus electric vehicle and instead focus on SUVs and other vehicles, Nikkei Asia reported Thursday.Development is expected to be halted on a mass-production version of the Lexus LF-ZC sedan, the report said, adding that production was originally scheduled to begin late this year before being postponed to mid-2027.The company is expected to continue research and development into gigacasting technology and solid-state batteries, while also exploring future applications of next-generation EV technology, according to the news outlet.Toyota did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $192.30, Change: $+2.19, Percent Change: +1.15%

$TM

Wire34d ago

Update: Market Chatter: Microsoft Gets Compute Boost After IREN Borrows $3.6 Billion for Nvidia Chips

(Update with Microsoft's response to a request for comment in the second paragraph.)Data center builder and operator IREN borrowed about $3.6 billion this month to help fund a purchase of NVIDA (NVDA) graphics processing units to be used by Microsoft (MSFT) at a Texas data center, Bloomberg reported Thursday, citing a person with knowledge of the matter.Microsoft declined to comment to.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $428.14, Change: $+15.47, Percent Change: +3.75%

$MSFT$NVDA

Wire34d ago

Market Chatter: BP's Chairman Clashed With Company Secretary Before Ouster

BP's (BP) former chairman Albert Manifold, who was ousted earlier in the week, had fallen out with company secretary Ben Mathews before his removal from the role, the Financial Times reported Thursday, citing four sources familiar with the matter.Mathews had concerns about the former chair's conduct, some of the sources said. A source close to Manifold said that he and Mathews had disagreements over costs, and that the company secretary was the "driver" behind the decision to oust Manifold, according to the report.BP's board on Tuesday announced the removal of Manifold due to "serious concerns" about governance standards, oversight, and conduct. Manifold rejected the allegations against him in a statement on Thursday, according to a CNBC report.BP did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $41.38, Change: $-0.27, Percent Change: -0.65%

$BP

Wire34d ago

UWM Urges Two Harbors Shareholders to Oppose CrossCountry Deal After Second Adjournment

UWM (UWMC) said Thursday it urged Two Harbors Investment (TWO) stockholders to vote against the proposed CrossCountry Mortgage merger following the second adjournment of Two Harbors' special meeting to vote on the transaction.UWM also reiterated its competing proposal of $12.50 per share in cash or 2.3328 shares of UWM stock, arguing it provides superior value to the CrossCountry deal, according to a statement.The company said the repeated adjournments reflect what it views as continued resistance by the Two Harbors board to engage on its offer and reiterated its view that the CrossCountry transaction is inferior.UWM continues to recommend that stockholders vote against the CrossCountry merger and related proposals, according to the statement.Two Harbors did not immediately respond to a request for comment from.Price: $3.18, Change: $+0.07, Percent Change: +2.42%

$TWO$UWMC

Wire34d ago

Update: Photronics Shares Fall Following Fiscal Q2 Miss, Weak Fiscal Q3 Guidance

(Updates with the latest stock movement in the headline and the first paragraph, and clarifies fiscal Q3 non-GAAP EPS guidance in the fourth paragraph.)Photronics (PLAB) shares fell more than 34% in Thursday trading after the company delivered lower-than-expected fiscal Q2 results and issued a fiscal Q3 outlook below estimates.The semiconductor manufacturer reported fiscal Q2 non-GAAP net income of $0.42 per diluted share, up from $0.40 a year earlier. Three analysts polled by FactSet expected $0.53.Revenue for the quarter ended May 3 was $209.9 million, down from $211 million a year earlier. Three analysts polled by FactSet expected $216.5 million.The company said it expects fiscal Q3 non-GAAP earnings to be between $0.39 and $0.45 per diluted share. Three analysts polled by FactSet expect $0.54.Photronics also said it expects revenue for the quarter of $207 million to $215 million. Three analysts polled by FactSet expect $218.9 million.Price: $35.25, Change: $-18.26, Percent Change: -34.12%

$PLAB

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