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Wall Street rises on Iran ceasefire extension and solid earnings

Wall Street rises on Iran ceasefire extension and solid earnings

By Chuck Mikolajczak and Niket Nishant NEW YORK, April 22 (Reuters) - U.S. stocks climbed on Wednesday to snap a two-day skid for the S&P 500 and Nasdaq, after U.S.
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Intel results to show if supply chain issues are dimming its AI ambitions

Intel results to show if supply chain issues are dimming its AI ambitions

By Zaheer Kachwala April 21 (Reuters) - Intel investors on Thursday will focus on its efforts to sort out supply chain issues that have limited the company's ability to ramp up chip production to meet rising demand from businesses adopting AI-related services.
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GE Vernova lifts annual revenue, profit margin forecasts on data center demand

GE Vernova lifts annual revenue, profit margin forecasts on data center demand

April 22 (Reuters) - GE Vernova on Wednesday raised its annual forecasts for revenue and adjusted core profit margin, helped by strong demand from data centers for its power equipment. Its shares rose 4.2% in premarket trading.
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TE projects forecasts higher profit but warns of price hikes due to Iran war

TE projects forecasts higher profit but warns of price hikes due to Iran war

By Anshuman Tripathy April 22 (Reuters) - TE Connectivity projected third-quarter profit above Wall Street expectations on Wednesday, but warned it may have to pass higher raw-material costs on to customers if conflict in the Middle East continued to disrupt supply chains.
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Capital One quarterly profit misses estimates as bad loan provisions rise

Capital One quarterly profit misses estimates as bad loan provisions rise

April 21 (Reuters) - Capital One Financial missed Wall Street expectations for first-quarter profit on Tuesday, as the consumer lender set aside more money to cover potential bad loans. Shares of the company fell 2.5% in extended trading. The stock has plunged 16.5% so far this year.
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Northern Trust tops profit estimates as robust markets bump fee income; shares rise

Northern Trust tops profit estimates as robust markets bump fee income; shares rise

By Utkarsh Shetti April 21 (Reuters) - Asset and wealth manager Northern Trust beat Wall Street estimates for first-quarter profit on Tuesday, as strong markets boosted assets under custody and fee income, sending its shares up more than 5.5%.
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D.R. Horton beats annual revenue forecast estimates despite tepid home sales

D.R. Horton beats annual revenue forecast estimates despite tepid home sales

April 21 (Reuters) - D.R. Horton's narrowed forecast for annual revenue still came in above analysts' estimates, despite high interest rates and inflation weighing on the homebuilder's margins. Shares of D.R. Horton were up nearly 4% before the bell on Tuesday.
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Adobe announces $25 billion stock buyback amid AI disruption fears

Adobe announces $25 billion stock buyback amid AI disruption fears

April 21 (Reuters) - Adobe on Tuesday announced a share repurchase program worth up to $25 billion through April 30, 2030, as the Photoshop maker seeks to reassure investors of its growth strategy amid the rise of creative autonomous tools.
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Software makers' best may not be good enough as AI fears mount

Software makers' best may not be good enough as AI fears mount

By Aditya Soni and Deborah Mary Sophia April 22 (Reuters) - Salesforce will likely report its fastest quarterly revenue growth in three years, but analysts say that may not be enough, as fears that artificial intelligence would decimate software makers have sapped investor confidence in the industry
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US stock futures climb as AI optimism tempers Middle East concerns

US stock futures climb as AI optimism tempers Middle East concerns

April 21 (Reuters) - U.S. stock index futures rose on Tuesday as renewed artificial intelligence optimism bolstered markets battered by repeated back-and-forth linked to headlines about the Middle East conflict. J.P.
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US stock index futures climb after Trump extends Iran truce

US stock index futures climb after Trump extends Iran truce

April 22 (Reuters) - Wall Street futures rose on Wednesday after U.S. President Donald Trump extended the ceasefire with Iran indefinitely, even as uncertainty remained over whether Tehran and U.S. ally Israel would honor the truce. At 4:37 a.m.
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Marvell shares gain on report of deal talks with Google to develop two AI chips

Marvell shares gain on report of deal talks with Google to develop two AI chips

April 20 (Reuters) - Marvell Technology's shares jumped 7% in premarket trading on Monday following a report that Alphabet's Google is in talks with the chip designer to develop two new chips aimed at running AI models more efficiently.