Kunlunxin, Baidu's semiconductor subsidiary, seeks a $14.7 billion valuation ahead of its planned listing in Hong Kong. Baidu’s artificial intelligence chip unit Kunlunxin is pursuing a minimum valuation of $14.7 billion for its upcoming Hong Kong stock exchange listing. T
Targa Resources shares approach a rare ascending base pattern amid broader market strength led by AI and tech sectors. Targa Resources (TRGP) stock is trading just below a technical buy point after forming a rare ascending base pattern. The move comes as energy shares unde
The Canadian health products firm posted C$169.8M in Q1 revenue, up 16.3% year-over-year, with non-GAAP EPS of C$0.17. Jamieson Wellness reported Q1 non-GAAP earnings per share of C$0.17 as revenue climbed 16.3% year-over-year to C$169.8M. The results reflect continued dem
Nearly one in five commercial trucks currently on U.S. roads fails to meet basic roadworthiness standards – a metric that stands as the #1 predictor of fatal accidents. As the freight cycle recovers and utilization rises, the industry is confronting a massive accumulation
Amazon stock reaches new peak as 17% revenue growth and cloud demand justify $200 billion capital expenditure plan. Amazon shares reached an all-time high this week, recovering from an earlier sell-off and rising 44% year-to-date. The rally follows strong first-quarter res
April jobs data shows tech employment down 11% from November 2022 highs while equities outperform the S&P 500. Tech stocks are trading at all-time highs relative to the S&P 500, defying a sharp decline in sector employment. The divergence highlights a K-shaped trend within
Shares of Cerence (CRNC) fell 8% on Friday after the company reported second-quarter results. - Cerence posted a Q2 GAAP EPS of $0.04. - Revenue declined 17.7% year over year to $64.2M, though it beat analyst estimates by $3.33M. - The company said adjusted
The technology sector is leading the stock market this year, and for some of the best-performing tech stocks, it may be time to take profits. The IBD Smart NYSE + Nasdaq Tables show the tech sector's dominance, with the Computer, Chips, and Electronics sectors up 53% to 14
NEW YORK, May 8 Strong U.S. hiring data in April dealt prospective Federal Reserve Chair Kevin Warsh's hopes of cutting interest rates a setback on Friday, giving officials greater latitude to use monetary policy to tackle increasingly high inflation. The U.S. economy adde
Strategic Transformation and Operational Execution - Proposed an all-stock merger to acquire the remaining 18.1% of Array to eliminate duplicative costs and strengthen the enterprise capital structure for growth investments. - TDS Telecom achieved record first-quarter fiber...</p
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