Quick Read - Iren (IREN) locked in a 5-year, $3.40B AI Cloud contract with NVIDIA on top of its existing $9.70B Microsoft deal, with AI Cloud Services revenue nearly doubling sequentially to $33.60M in Q3 FY26, and guides to $3.70B in ARR by year-end 2026 with $3.10B already...</
Amazon founder Jeff Bezos argues higher taxes on billionaires won’t aid middle-class Americans, advocating instead for lower-income tax relief. Jeff Bezos, Amazon’s founder and the world’s fourth-richest person with a net worth of $275 billion, stated that increasing taxes
Ross Stores (ROST) stock hit a new high early Friday after easily beating first-quarter estimates with accelerating earnings and sales growth. That follows strong earnings from rival TJX Cos. (TJX) earlier in the week Ross Stores, which owns the apparel store Ross D
CSRC targets two U.S.-listed brokerages for operating in mainland China without licenses, sparking sell-offs in Chinese equities. Shares of Futu Holdings (FUTU) and UP Fintech Holding (TIGR) plunged after the China Securities Regulatory Commission accused them of operating
By Shashwat Chauhan and Medha Singh May 22 Wall Street's main indexes rose on Friday, with the blue-chip Dow hitting a record high for the first time since the Iran war began, as investors tracked progress in talks to end the nearly three-month-old conflict ahead of the long...</
Churchill Downs plans to sell regional casino assets to refocus on growth, as its stock fell 16% in May amid broader market uncertainty. Churchill Downs Incorporated (NASDAQ:CHDN) announced plans to divest its regional casino portfolio to accelerate growth, as revealed in
Concentration in mega-cap tech stocks hits a record, surpassing the 2000 dot-com peak by 14 percentage points. The 10 largest US stocks, dominated by the Magnificent Seven, now account for 41% of the S&P 500’s market capitalization. This marks a 14 percentage point increas
Quick Read - Nvidia (NVDA) posted Q1 FY27 revenue of $81.61B, up 85.2% YoY, with Data Center revenue reaching $75.25B (+92% YoY) and net income of $58.32B, yet shares remain 6.88% down from last week despite the beat. - Nvidia needs a 13.9% gain to reach $250 per share and join...</strong
Investors around the world are in good spirits Friday morning, setting the S&P 500 on track to rise for its eighth straight week. U.S. stocks opened higher, bolstered by continued enthusiasm surrounding AI, aerospace and other emerging tech That is likely to send th
The luxury retailer reported $1.97bn in Q4 revenue, driven by 31% growth in Asia and strong direct-to-consumer sales. Ralph Lauren reported fourth-quarter net revenue of $1.97bn, a 17% increase year-over-year, led by a 31% surge in Asia and robust direct-to-consumer perfor
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