Seagate Technology beat fourth-quarter estimates and issued an optimistic forecast, citing robust demand for its high-capacity hard drives from AI data centers and successful adoption of its new HAMR technology.
Ford Motor Company received "Buy" ratings from both Jefferies and Citi following a strong Q2 earnings report, with analysts citing improving warranty costs and F-Series production as signs that the automaker's profit margins have hit a bottom.
Shares of major gold producers including Newmont and Barrick Gold declined on Wednesday as the price of bullion fell, pressured by a stronger U.S. dollar and rising Treasury yields ahead of a key Federal Reserve decision.
The average contract rate on a 30-year fixed mortgage climbed to 6.76% last week, according to the Mortgage Bankers Association, as rising Treasury yields fueled by geopolitical tensions pushed borrowing costs to their highest point in about a year.
KLA Corporation reported fiscal fourth-quarter results that topped analyst estimates, but its shares fell sharply after the company's forward-looking guidance failed to satisfy investors' high expectations for the highly-valued chip equipment maker.
CoStar Group reported its first-ever profitable quarter for its Homes.com unit, but a sharp 26% drop in net new bookings and a lowered full-year revenue forecast sent shares tumbling.
Social media platform X and the World Federation of Advertisers (WFA) have settled litigation stemming from X's claims of an illegal advertiser boycott organized through the WFA's now-defunct GARM initiative.
Morocco's benchmark stock index ended Wednesday's session in negative territory, weighed down by losses in the banking, utilities, and mining sectors. Declining stocks outnumbered advancers on the Casablanca Stock Exchange.
Qualcomm has signed a long-term agreement to supply its Snapdragon Digital Chassis solutions to BMW, providing the hardware for the automaker's future digital cockpits and advanced driver-assistance systems.
