3h ago
Arm CEO Rene Haas says confidence is rising in meeting $2 billion AGI CPU demand target
Arm CEO Rene Haas said he is increasingly confident the company can secure enough supply to meet customer demand of $2 billion for its AI chip. The company first disclosed that demand figure on its May earnings call, double the previously outlined $1 billion, but kept its official $1 billion revenue outlook at the time and the stock fell 10%. On July’s earnings call, management said its supply confidence had improved, and the shares rose more than 7% in the following session.
3h ago
3h ago
Brazil’s central bank cuts Selic rate by 25 basis points to 13.75% ahead of presidential election
Brazil’s central bank cut the Selic rate by 25 basis points for a fifth straight meeting, taking it to 13.75% in line with most economists’ expectations. The move comes ahead of Brazil’s presidential election and on the same day the U.S. Federal Reserve raised its benchmark rate, heightening attention on a potentially narrowing interest-rate gap. Policymakers said further adjustments will depend on new information to bring inflation back to target. Election uncertainty and higher oil prices are adding to the risks around the economic outlook.
3h ago
3h ago
Robbins LLP cites TBLA shares’ 27.41% fall to $3.84 and points to lead-plaintiff deadline of October 20, 2026
Robbins LLP said a securities class action has been filed involving Taboola.com Ltd. (NASDAQ: TBLA) covering purchases between May 6, 2026 and August 4, 2026. The firm linked the case to Taboola’s second-quarter revenue of $476.8 million, which it said missed the company’s prior guidance of $492$505 million. Taboola’s shares fell $1.45, or 27.41%, to close at $3.84 on August 5, 2026.
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U.S. stocks close lower after Fed’s first rate hike in over three years signals further tightening
The Federal Reserve raised interest rates on Sept 16 for the first time in more than three years and said more tightening is likely as it battles persistently high inflation. U.S. stocks finished lower, with the Dow Jones Industrial Average down 631.33 points and the S&P 500 off 33.59 points. In tech, semiconductor shares rose 0.6%, while Boeing fell 3.7% after the company flagged delays in stabilizing 737 MAX production.
4h ago
6h ago
Federal Reserve Raises Key Interest Rate for First Time in More Than Three Years as Global Tensions Fuel Inflation
The Federal Reserve raised interest rates for the first time in three years to rein in high inflation, which has been worsened by military tensions between the U.S. and Israel and Iran. U.S. stock indexes fell at the open before clawing back some losses, while tech shares held up better than the broader market. Saudi Arabia offered additional crude supplies, easing fears of Middle East disruptions and pushing oil prices lower, which weighed on energy stocks.
6h ago