Section
The latest stocks coverage from the TrustFinance editorial desk.
The information services company will sell a majority stake in its print division to the private equity firm, forming a new joint venture. Thomson Reuters will retain a 49% interest and full editorial control over its content.
Reflection, an AI startup focused on open-source models, has signed a deal valued at over $1 billion with cloud provider Nebius to secure critical computing capacity, including access to Nvidia's latest chips.
Shares of the mining giant rose in pre-market trading, buoyed by a significant rebound in copper futures amid supply concerns in Chile and an upcoming dividend payment.
Enterprise software stocks, including Salesforce and Accenture, fell sharply after IBM's preliminary results suggested corporations are diverting capital from software to expensive hardware amid a global memory shortage driven by AI demand.
IBM's preliminary second-quarter revenue and earnings guidance fell short of Wall Street expectations, causing shares to drop significantly. The company attributed the miss to an industry-wide shift in client spending from traditional software to AI infrastructure.
The Brazilian aerospace manufacturer has launched an enhanced version of its popular Phenom 300 light business jet, featuring performance and safety upgrades, with the first aircraft scheduled for delivery in 2028.
Shares of the gold miner rose in pre-market trading, bucking a broader market downturn, after analysts at TD Cowen upgraded the stock ahead of its quarterly earnings report.
The chipmaker announced a major investment to expand its 300mm fabrication capacity in Japan, backed by a $1 billion government grant, and issued an optimistic 2028 financial outlook.
The mining giant's American Depositary Receipts rose in pre-market trading, buoyed by a rally in copper futures amid global supply concerns and investor positioning ahead of its late-July earnings report.
