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Dow Jones falls 253 points as Iran tensions, earnings weigh mood

Wall Street opened weaker on Thursday, as investors paused after a recent rally, weighed down by persistent geopolitical tensions and a mixed batch of corporate earnings. The Dow Jones Industrial Average fell about 253 points, or 0.51%. S&P 500 slipped 0.26%, while Nasdaq 100 also declined 0.33%, after both indexes closed at record highs in… Continue reading Dow Jones falls 253 points as Iran tensions, earnings weigh mood

BMNR stock analysis: Why Tom Lee’s BitMine is set to surge

The BitMine stock price has rebounded in the past few weeks, moving from the year-to-date low of $17.30 in February to the current $23.30. This rally may continue in the foreseeable future as Ethereum rebounds and a double-bottom pattern forms. Tom Lee is accumulating Ethereum aggressively  On-chain data shows that BitMine continues to accumulate ETH… Continue reading BMNR stock analysis: Why Tom Lee’s BitMine is set to surge

Hasbro stock jumps 7% as preliminary revenue tops estimates

Hasbro, Inc. reported preliminary first-quarter revenue that exceeded Wall Street expectations, driven by strong demand for its flagship trading-card franchise Magic: The Gathering, even as a cybersecurity incident delayed the release of full results. The company said it expects revenue in the range of $970 million to $985 million for the quarter, ahead of analyst… Continue reading Hasbro stock jumps 7% as preliminary revenue tops estimates

Honeywell stock falls as Middle East conflict hits Q2 outlook

Honeywell warned of a softer-than-expected second quarter as geopolitical tensions in the Middle East disrupt supply chains and weigh on industrial activity, sending its shares lower in premarket trading even as the company pressed ahead with a sweeping restructuring plan. Shares of the Charlotte, North Carolina-based conglomerate fell 5.6% before the bell after the company… Continue reading Honeywell stock falls as Middle East conflict hits Q2 outlook

FTSE 100 slips as oil jumps, Iran talks hopes fade

Britain’s benchmark FTSE 100 fell on Thursday, pressured by rising oil prices and fading prospects of renewed US-Iran peace negotiations. Investors also remained focused on a fresh batch of corporate earnings. The blue-chip index dropped 0.8% to 10,388.84 points. Meanwhile, the mid-cap FTSE 250 declined 1.1%, reflecting broader weakness across UK equities. Oil price surge… Continue reading FTSE 100 slips as oil jumps, Iran talks hopes fade

Nokia shares hit 16-year high on AI-driven earnings beat

Nokia’s shares surged to a 16-year high on Thursday after the Finnish telecom equipment maker reported stronger-than-expected quarterly earnings and raised its growth outlook for its artificial intelligence-focused business. Shares listed in Finland climbed more than 9%, reaching their highest level since April 2010 when it was only known as a phone company, while the… Continue reading Nokia shares hit 16-year high on AI-driven earnings beat

IBM stock slides 7% as growth concerns revive AI threat fears

IBM’s shares fell sharply in pre-market trading on Thursday after the company reported a slowdown in revenue growth, particularly in its software division, reigniting investor concerns over the impact of artificial intelligence on its core business. The technology giant posted first-quarter results that exceeded Wall Street expectations, but the deceleration in growth and mounting fears… Continue reading IBM stock slides 7% as growth concerns revive AI threat fears