With energy and cash to spare, the Middle East’s wealthy Gulf states are attempting to position themselves as the next global AI hub. Source link
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DuPont shares took a breather Thursday after a scorching four-session rally. The reason? There was some noise around the quarterly numbers due to this weekend’s spinoff of Qnity Electronics and the previously announced divestiture of the Aramids business. Still, we see plenty to like heading into next year. Net sales at DuPont in the third quarter rose a little more than 7% year over year to $3.07 billion, topping estimates of $2.9 billion, according to LSEG. Adjusted earnings per share came in at $1.09, ahead of the $1.06 consensus estimate, LSEG data showed. DD YTD mountain DuPont YTD Shares of…
Stifel has increased conviction in Scotts Miracle-Gro’s near-term strength and margin profile. The investment firm upgraded the fertilizer manufacturer to buy from hold. Analyst W. Andrew Carter maintained his $70 price target, “assuming SMG shares approach parity with consumer staples peers.” Shares of Scotts Miracle-Gro have shed 16% this year, but Carter’s forecast implies that they could rally 25% from here. SMG YTD mountain SMG YTD chart Carter’s upgrade follows Scotts Miracle-Gro’s fiscal fourth-quarter release on Wednesday. The company reported an adjusted loss of $1.96 per share, which was more narrow than the $1.98 analysts polled by FactSet had expected.…
The National Thanksgiving turkeys, Blossom and Peach, wait before being pardoned by U.S. President Joe Biden during a ceremony on the South Lawn of the White House on November 25, 2024 in Washington, DC. Andrew Harnik | Getty ImagesThe price of turkeys is soaring this Thanksgiving, and experts say consumers will have to hunt around to find a bargain for those birds.Driving the price hikes is a stressed turkey supply chain.The U.S. turkey flock has dropped to its lowest size in nearly 40 years because of the highly pathogenic avian influenza, according to the American Farm Bureau Federation.As a result, wholesale turkey prices…
Sarah Friar, CFO of OpenAI, appears on CNBC’s Squawk Box on August 20, 2025. CNBCOpenAI CFO Sarah Friar said late Wednesday that the artificial intelligence startup is not seeking a government backstop for its infrastructure commitments, clarifying previous comments she made on stage during the Wall Street Journal’s Tech Live event.At the event, Friar said OpenAI is looking to create an ecosystem of banks, private equity and a federal “backstop” or “guarantee” that could help the company finance its investments in cutting-edge chips. But in a LinkedIn post late Wednesday, Friar softened her stance.”I used the word ‘backstop’ and it…
A Republic Airways plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025. Samuel Corum | Bloomberg | Getty ImagesAirlines rushed to provide travelers updates after the Federal Aviation Administration said it would reduce flights across 40 airports as the longest government shutdown in history continues to drag on.Many major airlines said they would waive cancellation fees for even their most basic tickets, which often come with penalties for changes.Transportation Secretary Sean Duffy previously said he would reduce flight capacity by roughly 10%, affecting 3,500…
After underperforming the S & P 500 through most of 2025, Fox Corporation (FOX) is finally showing signs of real strength. With a gap higher after its recent earnings release, and improving momentum signs on the follow-through phase, we’re seeing further upside potential for this media conglomerate. The daily chart shows how the consolidation phase that has lasted through most of 2025 started with a February peak around $54.50. FOX then sold off to reach almost down to its 200-day moving average around the April market low. The stock tested a secondary resistance level around $52 through the spring months, before finally…
Galaxy Digital has room to run as the artificial intelligence and cryptocurrency company capitalizes on industry tailwinds, according to Morgan Stanley. The investment firm assigned Galaxy Digital’s stock an overweight rating. It also set a $42 price target per share, implying about 34% upside from Wednesday’s close. “We view Galaxy Digital as a compelling combination of 1) a nascent AI data center developer with a clear path to monetizing one of the largest single-campus [high-performance computing] data centers under development and 2) a blockchain-enabled investment bank,” James Faucette said Thursday in a note to clients. Galaxy is aiming to fully…
U.S. Transportation Secretary Sean P. Duffy and FAA Administrator Bryan Bedford hold a press conference at the U.S. Department of Transportation Headquarters on Nov. 5, 2025 in Washington, DC. Tasos Katopodis | Getty ImagesU.S. logistics companies warned Thursday that the Federal Aviation Administration’s decision to cut flight capacity at 40 major airports by 10% could markedly slow deliveries of airfreight right at the peak of the air shipping season.The FAA order means that thousands of flights will be canceled each day.Airfreight is carried in the bellies of commercial passenger aircraft, as well as on planes specifically designed to carry only…
David Sacks, White House AI and Crypto Czar, attends a meeting of the White House Task Force on Artificial Intelligence (AI) Education in the East Room at the White House in Washington, D.C., U.S., September 4, 2025. Brian Snyder | ReutersVenture capitalist David Sacks, who is serving as President Donald Trump’s artificial intelligence and crypto czar, said Thursday that there will be “no federal bailout for AI.””The U.S. has at least 5 major frontier model companies. If one fails, others will take its place,” Sacks wrote in a post on X.Sacks’ comments came after OpenAI CFO Sarah Friar said Wednesday that the startup wants…
