DEXWireNews

DEXWireNews

The approval of spot ether exchange-traded funds (ETF) in the U.S. could lead to a significant rise in the token's value, mirroring the market reaction seen with bitcoin ETFs. Bitcoin rose to over $73,000 from $42,000 in the two weeks after the ETF started trading on Jan. 11, CoinGecko data shows. The decision on the ether ETF is expected soon, with significant...

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Medtronic ( NYSE:MDT ), a health tech firm, has beat Wall Street estimates for quarterly profit and revenue in Q4 due to a pickup in surgical volumes at hospitals. The company's financial performance has grown due to a resurgence in demand as people, especially older adults, opted for medical procedures deferred during the COVID-19 pandemic. Medtronic forecasts...

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Chip stocks soared in out-of-hours trading on Wednesday and Thursday after chipmaker Nvidia ( NASDAQ:NVDA ) smashed Wall Street's expectations with its latest earnings report, continuing a period of extraordinary growth as booming interest in artificial intelligence propels the tech sector to new heights. Shares for Nvidia ( NASDAQ:NVDA ) climbed nearly 8% during...

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Synopsys ( NASDAQ:SNPS ) has raised its annual revenue and profit forecast due to the robust demand for its software to design advanced chips driving artificial intelligence applications. The AI boom has boosted investments in custom design of chips as tech firms race to dominate the lucrative technology with new innovations, triggering demand for companies such...

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Snowflake ( NYSE:SNOW ) expects strong Q2 as AI push boosts demand for cloud services. The company forecasted second-quarter product revenue above Wall Street estimates and raised its expectations for the year, on strong demand for its cloud-based services amid a surge in use of generative artificial intelligence. Shares rose 4% after the bell as the data cloud...

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Freyr Battery, Inc. ( NYSE:FREY ) shares jumped 26% Wednesday on the completion of its first production trial of unit cells using the full capabilities of the Casting and Unit Cell Assembly machine, marking a significant technical achievement. This milestone positions Freyr as a trailblazer in giga-scale battery production, becoming the first company globally to...

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Pivot Energy has partnered with American electric vehicle (EV) manufacturer Rivian ( NASDAQ:RIVN ) to build community solar in Illinois. Rivian ( NASDAQ:RIVN ) will purchase Renewable Energy Certificates (RECs) generated from 50 MWdc of solar and subscribe to 10 MWdc of community solar from Pivot Energy for its Illinois manufacturing facility. This partnership...

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Analog Devices ( NASDAQ:ADI ), a semiconductor manufacturer, has reported better-than-expected results and guidance as inventory backlogs eased. The company's fiscal second-quarter adjusted earnings per share (EPS) of $1.40 beat estimates, while revenue slumped 34% year-over-year to $2.16 billion, but that was above forecasts. CEO Vincent Roche explained that...

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Crypto venture capital firm Animoca Brands plans to acquire more NYSE:EDU tokens from the open market, causing Open Campus ( NYSE:EDU ) to soar by over 30%. The Hong Kong-based firm, known for its blockchain games like The Sandbox and Eden Games, aims to support the NYSE:EDU Chain, a layer-3 blockchain solution designed to serve the global education industry....

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Lululemon Athletica ( NASDAQ:LULU ) has announced an organizational restructuring, with Chief Product Officer Sun Choe resigning to pursue another opportunity. The company stated that the changes are designed to support the company's growth plans, accelerate product innovation, and enable its go-to-market strategies. Lululemon ( NASDAQ:LULU ) will not replace the...

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Target's first-quarter earnings and sales fell by 7.38% due to inflation, causing shares to fall in pre-market trading. Adjusted earnings per share were $2.03, down from $2.05 year on year and worse than analysts expected. Total revenue was $24.53 billion in the first quarter ended May 4, down 3.1% from $25.32 billion in the same period last year. First-quarter...

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Ethereum-based memecoin CRYPTOCAP:PEPE has surged 27% to a new all-time high over the past 24 hours, driven by speculation around the potential approval of spot Ether exchange-traded funds (ETF) in the United States. The surge is driven by the expectation that the U.S. Securities and Exchange Commission (SEC) will approve spot Ether ETFs by a May 23 deadline. ...

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The TJX Companies, Inc. ( NYSE:TJX ) reported Q1 FY25 results, showing consolidated comparable store sales growth of 3% at the high-end of the company's plan, driven by an increase in customer transactions. The company also reported a pretax profit margin of 11.1%, up 0.8 percentage points compared to last year and well above its plan. The company's diluted...

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Williams-Sonoma, Inc. ( NYSE:WSM ) announced its first quarter 2024 results, showing a comparable brand revenue of -4.9% and an operating margin of 19.5%. The company's President and CEO, Laura Alber, expressed satisfaction with the results, citing improved top-line trends and continued profitability. The company's gross margin increased by 690bps compared to the...

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Viasat shares ( NASDAQ:VSAT ) fell over 11% after the bell on Tuesday, as the company forecasted annual revenue below Wall Street estimates due to a slowdown in its satellite services business. The company expects revenue from its satellite services to decline in low to mid-single digits as its U.S. fixed broadband business faces competition from wireless carriers...

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Sui Network ( NYSE:SUI ) has experienced a 26% increase in price over the past week due to the launch of its Mysticeti upgrade on testnet. The upgrade has pushed Sui to the top among the fastest blockchains, with the consensus latency reduced to 390ms, an 80% reduction from Narwhal-Bullshark. Sui Network is known for its high-performing blockchain protocol and is...

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XPeng ( NYSE:XPEV ), a Chinese electric vehicle (EV) maker that focuses on artificial intelligence (AI) technology, reported better-than-expected results as deliveries of its electric vehicles jumped. The company's loss was slashed in half, and revenue was up 62.3% year-over-year. Delivery increases increased 19.7% due to lower prices and the launch of a new...

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Trump Media & Technology Group ( NASDAQ:DJT ) stock fell 8.27% after reporting a $327.6 million Q1 loss, marking its first quarterly report as a public company. The company, which operates the social media network Truth Social, generated just $770,500 in revenue for the first quarter, with a net loss of $210.3 million in the first quarter of 2023. The company...