As recently as January, President Vladimir V. Putin of Russia emphatically rejected the idea of a temporary cease-fire in Ukraine.But after a month in which President Trump turned American foreign policy on its head and Russian forces made progress in a key battle, the Kremlin now appears keen at least to entertain the 30-day cease-fire proposal made by Ukraine and the United States on Tuesday.Dmitri S. Peskov, Mr. Putin’s spokesman, told reporters on Wednesday that the Kremlin was “carefully studying” the outcome of Tuesday’s talks between the United States and Ukraine, and their call for a monthlong cease-fire.He said he…
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Check out the companies making headlines before the bell. Intel – The stock jumped 10% after the company said it had appointed Lip-Bu Tan – who was previously the chief executive of software company Cadence Design Systems – as its new CEO. Tan is replacing interim co-CEOs David Zinsner and MJ Holthaus. UiPath – Shares fell 18% following the software company’s fourth-quarter revenue and first-quarter sales guidance missing Wall Street estimates. For the fourth quarter, UiPath posted revenue of $424 million, below the $425 million that analysts surveyed by LSEG were expecting. The company also expects revenue for the current…
A Dollar General store in Germantown, New York, on Nov. 30, 2023.Angus Mordant/Bloomberg via Getty ImagesDollar General on Thursday reported fiscal fourth-quarter revenue that narrowly beat Wall Street estimates, while a store portfolio review cut into the chain’s profit.As part of the reevaluation, the dollar-store chain said it will close 96 Dollar General stores and 45 Popshelf stores and will convert six other Popshelf stores into flagship banner locations in the first quarter. Popshelf stores cater to higher-income shoppers seeking inexpensive products.Shares of the company rose 5% in premarket trading on Thursday.Here’s how the discounter did compared with what Wall Street was…
Microsoft can navigate a consumer slowdown better than most major tech companies, making it an attractive investment, according to D.A. Davidson. Analyst Gil Luria upgraded Microsoft shares to buy from neutral. He also increased his price target by $25 to $450, which implies shares could rise 17.4% from Wednesday’s close. Within the “Magnificent Six,” Microsoft has the lowest degree of consumer exposure — with the exception of Nvidia, according to Luria. The Magnificent Six refers to a group of major tech companies made up of Microsoft, Nvidia, Alphabet, Meta Platforms, Apple and Amazon. “We see Microsoft as the best positioned Mag6…
BEDMINSTER, NJ – JULY 30: Mallinckrodt Pharmaceuticals office is seen on Tuesday, July 30, 2019, in Bedminster, New Jersey.The Washington Post | The Washington Post | Getty ImagesMallinckrodt and Endo, drugmakers with a shared history of bankruptcy and U.S. opioid litigation, will merge in a deal valued at nearly $7 billion to boost scale for selling their branded drugs.Endo shareholders will get $80 million in cash and own 49.9% of the combined company, while Mallinckrodt shareholders will own the rest for an enterprise value of $6.7 billion, the companies said on Thursday.The new company, expected to generate $3.6 billion in…
As recently as January, President Vladimir V. Putin of Russia emphatically rejected the idea of a temporary cease-fire in Ukraine.But after a month in which President Trump turned American foreign policy on its head and Russian forces made progress in a key battle, the Kremlin now appears keen at least to entertain the 30-day cease-fire proposal made by Ukraine and the United States on Tuesday.Dmitri S. Peskov, Mr. Putin’s spokesman, told reporters on Wednesday that the Kremlin was “carefully studying” the outcome of Tuesday’s talks between the United States and Ukraine, and their call for a monthlong cease-fire.He said he…
Iren has been hit too hard this year, and it’s time to buy it, according to JPMorgan. Analyst Reginald Smith upgraded the bitcoin miner to overweight from neutral. He trimmed his price target to $12 from $15, though the new forecast still signals 70% upside ahead. The stock has plunged 28.3% in 2025, as bitcoin and the broader crypto space has struggled amid policy uncertainty from the Trump administration. Crypto and stocks tied to it initially rallied after Donald Trump secured a second presidential term in November. IREN YTD mountain Iren shares in 2025 Despite the pullback Smith continues “to…
The Alibaba logo is displayed on the screen of an iPad.Sopa Images | Lightrocket | Getty ImagesAlibaba Group on Thursday launched a new version of its artificial intelligence assistant app that will be powered by its own flagship Qwen AI reasoning model, amid a heating global race to produce next-generation tech.The launch is the company’s latest effort to gain an edge amid growing competition on the AI application front, further intensified by the emergence of DeepSeek’s blockbuster R1 model earlier this year.Up till now, Quark, which was launched in 2016, had been using the app’s own AI models, known as…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAlex Cruz, vice chair of WestJet and former CEO of British Airways, discusses lowered U.S. airline forecasts, and explains how macroeconomic pressures are impacting the travel sector. Source link
The CEO of crypto exchange Binance said he expects U.S. President Trump’s “pro-crypto” legislation in the U.S. to spur regulators in other parts of the world to follow suit.”We have moved from a period where there’s big regulatory uncertainty and in many sense, some regulatory hostility towards the industry, to one where the largest economy of the world said ‘we want to embrace crypto,'” Binance CEO Richard Teng told CNBC’s Arjun Kharpal at CONVERGE LIVE in Singapore on Thursday. Under the administration of former U.S. President Joe Biden, regulators cracked down on the industry in an effort to protect Americans from…
