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Last week, AMD announced a $10 billion investment in Taiwan to boost manufacturing partnerships in that country, which is home to the world’s largest contract chip manufacturer, TSMC.
Barclays raised the price target on Devon Energy to $62 from $54 and kept an ‘Overweight’ rating on the shares.
Don't hold your breath.
The move from CVC comes after a BlackRock-owned fund in March sold its entire stake in Naturgy, raising $3.3 billion.
Salesforce reports earnings Wednesday as investors look for signs that Agentforce can offset slowing core growth and concerns about AI-driven disruption to its software pricing model.
<body><p>STORY: Ferrari shares plunged on Tuesday after the brand’s first electric vehicle got a cool response from fans, and investors.</p><p>The Luce is a radical departure for the luxury car maker.</p><p>Besides being electric, the five-seat sedan bears little or no resemblance to Ferraris of the past.</p><p>It drew a downbeat reception from many on social media, with Italy’s deputy prime minister even weighing in.</p><p>Matteo Salvini said “it looks nothing like a Ferrari. Is this supposed to be innovation?”</p><p>Former Ferrari executive Luca di Montezemolo called it a “betrayal” of the firm’s history.</p><p>Shares in the firm eventually closed down by over 8% amid the controversy.</p><p>Though some tried to sound positive.</p><p>One portfolio manager told Reuters that the car could appeal to a niche selection of buyers.</p><p>They would certainly have to be rich though, with the Luce priced at around $640,000.</p><p>Deliveries are expected to begin in the fourth quarter, and Ferrari hopes the model will help it win new customers beyond its traditional fan base.</p><p>That includes in China, where EVs are capturing a growing share of premium car sales.</p></body>
Asian shares were mostly higher on Wednesday and oil prices fell after the U.S. stock market rose to more records. It topped 66,000 for the first time in intraday trading. Computer chip equipment maker Tokyo Electron's shares jumped 5.9% and testing equipment maker Advantest gained 5.7%.
Intuit and BJ's Wholesale Club stocks fell amid a series of price target cuts, while AutoZone declined after posting third-quarter results.
NASA awarded contracts to space firms including Jeff Bezos' Blue Origin and Astrolab to send robotic landers, rovers and drones to support the upcoming lunar exploration missions. The U.S. space agency said on Tuesday it had awarded Astrolab $219 million and Lunar Outpost $220 million to build and deliver lunar terrain vehicles. Blue Origin was awarded a $188 million contract to deliver the rovers to the moon's surface using its uncrewed cargo lunar lander, Mark 1.
MGE Energy, Inc. (NASDAQ:MGEE) is included among the 10 Best June Dividend Stocks to Buy. On May 21, Morgan Stanley analyst David Arcaro lowered the firm’s price recommendation on MGE Energy, Inc. (NASDAQ:MGEE) to $70 from $74. He reiterated an Underweight rating on the shares. The firm updated its price targets for Regulated & Diversified Utilities/IPPs […]
Zscaler expects Q4 revenue of $875 million to $878 million, slightly below Wall Street estimates of $878.6 million.
US stock futures wavered as investors watched for updates on negotiations between the US and Iran.
US stock futures wavered as investors watched for updates on negotiations between the US and Iran.
Northrop Grumman (NYSE:NOC) reached a milestone with the delivery of its 1,000th APG-83 Scalable Agile Beam Radar, underscoring continued progress in advanced sensor technology. The company was selected under DARPA's Burn n’ Go program to further develop next generation solid rocket motors with adjustable thrust for military applications. Northrop Grumman signed a memorandum of understanding to support modernization of Estonia's integrated air and missile defense systems, extending its...
In May 2026, Google announced a US$15.00 billion investment in new infrastructure across Missouri, anchored by a New Florence data center that emphasizes grid-resilient power sourcing, advanced air-cooling, and community-focused programs such as a US$20.00 million Energy Impact Fund and large-scale workforce training initiatives. By funding all incremental energy infrastructure it requires while helping lower local household utility bills, Google is using its AI-driven data center expansion...
In the closing of the recent trading day, Kroger (KR) stood at $64.55, denoting a -4.01% move from the preceding trading day.
Firefly Aerospace is selling 4 million shares, and has a deal to help NASA prepare for its permanent presence on the moon.
Accenture (ACN) reached $177 at the closing of the latest trading day, reflecting a -1.25% change compared to its last close.
In the latest trading session, Palo Alto Networks (PANW) closed at $256.75, marking a -1.47% move from the previous day.
Yahoo Finance anchor Josh Lipton sits down with Lockheed Martin's (LMT) president of missiles and fire control, Tim Cahill, to discuss Lockheed's ramped-up missile defense strategy, the future of warfare, and more.
Shares of Zscaler fell late Tuesday after fiscal third-quarter earnings and revenue surpassed Wall Street’s expectations but sales guidance fell short. The cybersecurity company posted adjusted earnings of $1.08 a share, compared with 84 cents a share a year ago and above Wall Street’s expectations of $1.01 a share. Revenue grew 25% to $850.5 million, topping the analyst consensus of $835.6 million, according to FactSet.
Amazon cited AI efficiency when it eliminated 16,000 corporate roles. Microsoft cited AI when it cut more than 15,000 positions. Across Big Tech, the explanation for layoffs has become almost predictable: we are doing more with less, and AI is why. Jensen Huang has a problem with that story. And he ...
Zscaler stock tumbled after the cybersecurity firm beat fiscal Q3 estimates but missed views with its revenue guidance.
The fast-food chain also fell short of a packaging goal, citing events beyond its control, but plans to keep long-term targets
Meta said Vermont had not alleged the company designed Instagram or its features in the state, nor that any claims about the app’s safety or addictiveness were made there.
As part of Artemis, NASA plans on building a Moon Base to serve as a lunar habitat for long-duration exploration and science.
Top cryptocurrencies were weaker Tuesday, with Bitcoin (BTC-USD) lower but holding above the $75,000
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