Reported 12 days ago
EchoStar Corporation's Hughes Network Systems announced a strategic partnership with Celona to launch a fully managed private wireless network solution aimed at enhancing secure and high-performance connectivity across various industries like government operations, manufacturing, and logistics. This collaboration integrates Celona's private 5G LAN technology with Hughes Network's managed services expertise to provide a comprehensive service that includes design, deployment, and ongoing support.
Source: YAHOO
Reported 12 days ago
Aletheia Capital has initiated coverage of Celestica Inc. (NYSE:CLS) with a Buy rating and a price target of $350. The firm highlighted Celestica's strategic role in manufacturing for Google and plans to support OpenAI's ASIC-based AI server. They predict significant revenue growth in the coming years fueled by ongoing partnerships and infrastructure upgrades, despite acknowledging that other AI stocks may present better investment opportunities.
Source: YAHOO
Reported 12 days ago
Evercore ISI has raised its price target for Western Digital Corporation (NASDAQ:WDC) from $85 to $190 while maintaining an outperform rating. Analyst Amit Daryanani indicated that the hard disk drive sector is poised for growth driven by AI advancements and increasing cloud demand, which are expected to positively impact pricing and shipment growth. Western Digital, known for its storage solutions, is aligning with these market trends, presenting a compelling investment opportunity.
Source: YAHOO
Reported 12 days ago
Citizen JMP has raised its price target for Robinhood Markets, Inc. (NASDAQ:HOOD) from $130 to $170, while maintaining an Outperform rating on the stock. Analyst Devin Ryan noted significant increases in capital markets and financial technology stocks since April, driven by a resurgence in market activity and robust institutional trading. Despite acknowledging stretched valuations, Ryan sees attractive investment opportunities within the sector.
Source: YAHOO
Reported 12 days ago
Mike Washington, a trader from Goldman Sachs, argues that AI stocks are not in a bubble, citing strong fundamentals, a steady flow of investments, and resilient consumer behavior as key reasons. He contrasts current valuations with those during the dot-com bubble and highlights significant foreign investment in U.S. markets, predicting further growth in stock purchases.
Source: YAHOO
Reported 12 days ago
The Federal Reserve has expressed alarm over the weakening US housing market, noting factors such as rising foreclosure rates and high borrowing costs for builders. While some indicators show a potential rebound in home sales with decreasing mortgage rates, many homeowners are locked into low rates from the pandemic, complicating the market's recovery. First-time buyers, particularly from lower-income households, may find it increasingly difficult to enter the market due to disproportionate impacts from current mortgage rates.
Source: YAHOO
Reported 12 days ago
Source: BARRONS
Reported 12 days ago
U.S. equity funds experienced a resurgence in inflows during the week ending October 15, as signs of potential interest rate cuts from Federal Reserve Chair Jerome Powell and strong corporate earnings eased market concerns. Investors added a net $1.04 billion to equity funds, significantly recovering from the prior week's outflows, with notable purchases in sectoral funds like technology and financials. Despite this, large-cap and small-cap funds faced outflows, while bond funds continued to attract investments.
Source: YAHOO
Reported 12 days ago
Source: BARRONS
Reported 12 days ago
Royal Mail plans to nearly double the number of their parcel exchange locations to 45,000 by 2030, aiming to enhance convenience for customers who prefer non-home collection and drop-off points. This expansion will see more parcel lockers, shops, and post boxes across urban and rural areas, responding to the increasing demand driven by the rise in online shopping. Royal Mail's initiative reflects a strategic move to strengthen its network and adapt to changing consumer preferences.
Source: YAHOO
Reported 12 days ago
This white paper by FreightWaves and Blue Yonder highlights the rapid transformation of the transportation management landscape due to new technologies and the complexity of global supply chains. Through a survey of shippers, carriers, and logistics intermediaries, it reveals significant challenges in data visibility, software limits, and inbound logistics inefficiencies. Key insights include improvements in inbound logistics, emerging trends in freight procurement, and the current state of technology adoption, underscoring how AI-driven solutions are redefining the future of logistics.
Source: YAHOO
Reported 12 days ago
In the latest market update, Tesla faces a downturn due to bearish analyst reports and ongoing concerns about its AI and robotics commitments. Nvidia's stock fluctuated but is a key market indicator amidst bank-related fears. Meta is close to securing a $30 billion data center financing, while its partner EssilorLuxottica achieved record sales. Micron is halting chip supplies in China following government restrictions, and Rigetti is in decline due to weak fundamentals. Conversely, Praxis has seen a rise in stock value after announcing a major public share offering.
Source: YAHOO
Reported 12 days ago
Taiwan Semiconductor Manufacturing Company (TSMC) reported a significant increase in its third-quarter revenue, exceeding $33.1 billion, largely driven by rising demand for artificial intelligence technologies. The revenue grew 40.8% year-over-year, and TSMC anticipates continued growth into the fourth quarter. The company is actively investing in capacity expansion in the U.S., including plans for advanced wafer manufacturing facilities to meet the ongoing demand for leading-edge silicon in AI and high-performance computing applications.
Source: YAHOO
Reported 12 days ago
Source: YAHOO
Reported 12 days ago
As of October 17, 2025, stock futures are mixed amid concerns in the banking sector following Zions Bancorp's announcement of significant loan write-offs due to fraud. Gold prices continue to surge to record highs as investors seek safety in precious metals, while Bitcoin suffers its lowest values since June. Regional bank stocks are under scrutiny with several institutions releasing quarterly results; meanwhile, the Trump administration is expected to announce tariff relief for imported auto parts, and shares of weight-loss drug manufacturers drop following comments from President Trump on treatment prices.
Source: YAHOO
Reported 12 days ago
American Express announced a 16% rise in third-quarter profits, reaching $2.9 billion, fueled by increased spending from affluent card members. The company's earnings per share improved to $4.14, surpassing analyst predictions. Despite raising the annual fee for its revamped Platinum Card to $895, demand remains strong, with 500,000 requests for the new design in just three weeks. American Express has lifted its full-year earnings forecast, anticipating a range of $15.20 to $15.50 per share.
Source: YAHOO
Reported 12 days ago
OpenAI CEO Sam Altman announced that ChatGPT will soon allow 'erotica for verified adults', marking a shift after years of limiting mature content. The surge in interest for sexualized AI has already seen numerous companies venture into this territory, despite facing legal and ethical challenges. As ChatGPT aims to engage in kinkier conversations, concerns grow about the impact of such technology on real-world relationships, particularly as AI becomes more integrated into personal lives.
Source: YAHOO
Reported 12 days ago
Source: YAHOO
Reported 12 days ago
SK Telecom's newly established AI division, AI CIC, is offering a voluntary retirement program to its employees, just weeks following the unit's launch. This initiative aims to consolidate the company's various AI-related sectors and is intended solely as a supportive measure, not a downsizing tactic. Employees can choose to participate voluntarily while potentially facing reassignment to other regional offices.
Source: YAHOO
Reported 12 days ago
This week, Bitcoin ETFs experienced significant outflows totaling $536 million, reflecting rising investor caution amid geopolitical and macroeconomic uncertainties. The SEC Chair Paul Atkins acknowledged that the U.S. is lagging in crypto innovation and outlined plans to revitalize the sector, suggesting that startups should receive exemptions for testing blockchain products. These developments come against a backdrop of market caution, with Bitcoin trading down 6.1% and total crypto market capitalization decreasing to $4.1 trillion.
Source: YAHOO
Reported 12 days ago
Truist Financial Corporation (TFC) reported quarterly earnings of $1.04 per share, surpassing estimates and reflecting a year-over-year increase compared to $0.97 per share. The company's revenue for Q3 reached $5.19 billion, also exceeding expectations. Despite underperforming the market this year, investors are keen to gauge the future earnings outlook, which currently holds a Zacks Rank #3 (Hold), indicating expected market performance in the near term.
Source: YAHOO
Reported 12 days ago
Porsche has initiated talks regarding the potential replacement of current CEO Oliver Blume with Michael Leiters, the former head of McLaren. Blume, who is also the CEO of Volkswagen, faces increasing criticism for his dual role amid ongoing challenges in the auto industry, including fluctuating demand for electric vehicles and competitive pressures. With the company’s stock values declining, a leadership change could be on the horizon as Porsche looks to stabilize its direction.
Source: YAHOO
Reported 12 days ago
Tata Technologies, an Indian engineering firm, reported a 5% increase in its second-quarter profit, driven by growth in its non-automotive sectors, despite a decline in its core automotive business. The company's overall revenue rose by 2% to 13.23 billion rupees, with a significant contribution from its technology solutions segment. Although short-term demand may remain weak, CEO Warren Harris expressed optimism for a rebound in the fourth quarter backed by a strong pipeline and improving demand trends.
Source: YAHOO
Reported 12 days ago
In a recent analysis, Bitcoin's seasonal trends were highlighted, showing that October has historically been a strong month for the cryptocurrency, with an 86% win rate since 2018. Despite recent fluctuations and Bitcoin dropping from a high of $125,000 earlier this month, there are several factors to monitor, including bank custody developments, the impact of Mount Gox refunds, upcoming IRS tax forms for crypto sales, ETF flow dynamics, and Bitcoin's trading range. These elements could influence Bitcoin's future performance as we approach the end of the year.
Source: YAHOO