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Wall St on pace for slightly higher open as tariff, AI worries persist
brecorder116d ago

Wall St on pace for slightly higher open as tariff, AI worries persist

U.S. stocks were on track for a modest recovery on Tuesday after a steep slide in the previous session amid market jitters over President Donald Trump’s shifting tariff policies and escalating concerns about AI disruption.Leading the gains was Advanced Micro Devices, which jumped almost 10% in premarket trading after the chipmaker said it had agreed to sell up to $60 billion worth of AI chips to Meta Platforms over five years.Home Depot gained 2.5% after the home-improvement chain operator topped estimates for fourth-quarter results and maintained its annual forecasts.All three main indexes fell more than 1% on Monday, with financials and software stocks among the worst hit as the fallout from Friday’s U.S. Supreme Court ruling on Trump’s tariffs caused an exodus from high-risk equities.After Friday’s ruling, Trump announced a temporary global tariff of 10%, which came into effect on Tuesday. He later said the levy would be 15%, but it was unclear when and if this would apply.READ MORE: Wall St on pace for lower open as tariff uncertainty curbs risk appetite“The market doesn’t only have one particular worry... the AI trade has certainly become a worry for the market but then there are geopolitical concerns, macro concerns and of course, the tariff concerns,” said Peter Cardillo, chief market economist at Spartan Capital Securities.Analysts also attributed Monday’s selloff to a bearish report from Citrini Research outlining potential threats to the global economy from the rise of AI.At 08:29 a.m. ET, Dow E-minis added 86 points, or 0.18%, S&P 500 E-minis were up 5.5 points, or 0.08%, and Nasdaq 100 E-minis rose 93.75 points, or 0.38%.Megacap and growth stocks were mixed, with Nvidia down 0.7% ahead of its earnings, which are expected after markets close on Wednesday.Alphabet and Apple rose marginally.Keysight Technologies climbed 14.5% after the electronic equipment maker forecast second-quarter profit ahead of Wall Street estimates.Hims & Hers Health fell 4.9% after the online telehealth company forecast first-quarter revenue below estimates.Major software players Salesforce and Intuit are also scheduled to report later this week, with their results likely to draw heightened scrutiny as the sector grapples with mounting AI-disruption fears.The S&P 500 software and services index, down almost 24% so far this year, saw no respite and fell 4.3% on Monday, becoming one of the day’s worst-performing sectors.February has been a dour month for U.S. shares as high stock valuations and artificial intelligence concerns pressure technology and other sectors, with investors questioning if massive AI spending was actually paying off.Trump will deliver the traditional State of the Union address to Congress later on Tuesday. At least six Federal Reserve officials are also slated to speak through the day, and investors will look for hints on the policy trajectory.Traders currently expect the U.S. Federal Reserve to hold interest rates steady at its March meeting, with the next rate cut not anticipated until June, according to the CME FedWatch Tool.

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financialpost116d ago

Greenland Resources Granted 1,147.76 km2 Mineral License Surrounding Its Current Exploitation License

TORONTO — Greenland Resources Inc. (TSX:MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce the government of Greenland has granted the Company exclusive rights of special exploration license MEL-S 2026-07 consisting of 1,147.76 km2 in the Semersooq region surrounding the Company’s existing exploitation license for molybdenum and magnesium. The Company now [...]

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Google Expands Clean Energy Push With AES Texas Deal
benzinga116d ago

Google Expands Clean Energy Push With AES Texas Deal

AES Corp. (NYSE:AES) stock climbed Tuesday after the utility giant locked in a 20-year clean energy deal with Google, deepening its footprint in the fast-growing, power-hungry data center market.AES and Google Strike 20-Year Clean Energy DealAES has entered into landmark agreements with Google, a subsidiary of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), to support a planned data center in Wilbarger County, Texas, expanding the companies’ existing partnership as demand for power-intensive digital infrastructure accelerates.These 20-year Power Purchase Agreements (PPAs) highlight AES’s role as a leading clean energy provider in the U.S., a position underscored by BloombergNEF’s Corporate Energy Market Outlook, which ranked AES as a top provider to corporate customers over the last five years.Andrés Gluski, AES President and CEO, said, “AES is recognized as a world leader in providing energy solutions to technology companies. To-date, AES has signed agreements for nearly 12 GW of energy with data center customers, 9 GW of these are PPAs directly with hyperscalers.”Amanda Peterson Corio, Google’s Global Head of Data Center Energy, said the Wilbarger County site represents a long-term investment in the region. “In partnership ...Full story available on Benzinga.com

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MongoDB (NASDAQ:MDB) Price Target Cut to $435.00 by Analysts at Citigroup
watchlistnews116d ago

MongoDB (NASDAQ:MDB) Price Target Cut to $435.00 by Analysts at Citigroup

MongoDB (NASDAQ:MDB – Get Free Report) had its target price reduced by investment analysts at Citigroup from $525.00 to $435.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 37.73% from the company’s previous close. A number [...]

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Zscaler (NASDAQ:ZS) Price Target Lowered to $260.00 at TD Cowen
thelincolnianonline116d ago

Zscaler (NASDAQ:ZS) Price Target Lowered to $260.00 at TD Cowen

Zscaler (NASDAQ:ZS – Get Free Report) had its target price dropped by equities researchers at TD Cowen from $330.00 to $260.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 74.48% from the company’s previous close. [...]

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These Analysts Revise Their Forecasts On SGHC After Q4 Results
benzinga116d ago

These Analysts Revise Their Forecasts On SGHC After Q4 Results

SGHC Ltd (NYSE:SGHC) reported better-than-expected fourth-quarter sales results and issued strong FY26 revenue guidance on Monday.Super Group reported quarterly sales of $578.300 million which beat the analyst consensus estimate of $518.328 million.SGHC said it sees FY2026 revenue to be more than $2.550 billion, versus market estimates of $2.219 billion.Neal Menashe, Chief Executive Officer of Super Group, commented: “2025 was a standout year for Super Group. We sharpened our focus by exiting the U.S. iGaming market and concentrating resources in countries where we expect durable advantages – driving record customer growth. Despite some unfavorable sports outcomes late in the quarter, Q4 was another ...Full story available on Benzinga.com

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South Korea Reignites CBDC Program with Daiso’s Buy-In
paymentsjournal116d ago

South Korea Reignites CBDC Program with Daiso’s Buy-In

Daiso has become South Korea’s leading discount retailer by offering a wide array of goods, many priced at an attractive 1,000 won (approximately $0.69). This approach has made the chain a mainstay for millennial and Gen Z consumers, as well as a popular tourist destination. Now, Daiso is joining the next phase of trials for [...]The post South Korea Reignites CBDC Program with Daiso’s Buy-In appeared first on PaymentsJournal.

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How to Prepare for a Market Crash
inc116d ago

How to Prepare for a Market Crash

Feeling a little anxious about the stock market? You’re not alone. Here’s how you can prepare yourself and your portfolio for a potential market downturn.

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