Author: Stocks Breaking News

Shares moved in after-hours trading as a handful of high-profile earnings reports sparked notable price action. FedEx Corp rose about 9% after the bell as fiscal third-quarter results topped Wall Street expectations and the company raised its full-year earnings guidance, according to CNBC’s market coverage. The Memphis-based logistics giant posted $5.25 in earnings per share, excluding items, on revenue of $24 billion, versus consensus estimates of $4.09 per share on $23.43 billion in revenue. The strong showing underscored improving profitability and a healthier demand backdrop for parcels, setting the stage for potential further upside in the logistics complex. Planet Labs…

Bitcoin held steady in a tight range around $69,000 to $70,000 on Thursday as risk-off sentiment resurfaced amid escalating tensions in Iran and the broader Middle East, lifting oil prices and fanning inflation concerns. According to Invezz, the pullback in risk assets came even as crypto markets managed to stay relatively resilient; bitcoin traded near $70,500 intraday, about 1% lower on the session, while ether, XRP, BNB and Solana posted modest declines of less than 1%. Separately, corporate headlines drew attention: Goldman Sachs is preparing to begin rolling layoffs next month, moving away from its traditional annual workforce reduction plan.…

Stocks moved in mixed fashion in premarket trading as big-name results colored sentiment across sectors. Micron Technology posted a blowout quarter that topped consensus on both earnings and revenue, but the stock slipped as investors weighed guidance around higher spending to ramp up output. According to CNBC, Micron reported adjusted earnings of $12.20 a share on revenue of $23.86 billion, crushing a consensus of $9.31 a share and $20.07 billion. The shares had risen more than 350% over the past year, underscoring the disjoint between near-term gains and the pull of capital expenditure plans on a sector that has benefited…

Key takeaways Kaspa’s price rose from about $0.030 to near $0.040 after breaking above a resistance around $0.035, signaling a shift in momentum. Momentum was reinforced by higher-volume trading and a chart pattern of higher highs and higher lows, but the move entered an overbought zone on the RSI. A major network upgrade slated for May 5 is fueling upside expectations, though “buy the rumor” dynamics can mean sharp pullbacks if expectations prove excessive. Key levels to watch include resistance near $0.040–$0.042, with potential targets toward $0.050–$0.060 if momentum persists; on the downside, support sits near $0.035 and could extend…

HIVE Digital Technologies Ltd. (NASDAQ: HIVE) has launched its first operational AI cloud deployment in Paraguay, marking a step in its strategy to expand beyond cryptocurrency mining into high-performance computing infrastructure. The company said its BUZZ AI Cloud platform in Asunción is now running live GPU workloads, with an academic research team from Columbia University using the system remotely from New York. The deployment represents the first active GPU cluster under HIVE’s broader plan to integrate AI and high-performance computing capabilities into its renewable energy footprint in South America. The infrastructure is housed in a Tier III data center operated…

According to CNBC, a cluster of earnings results and corporate updates drove notable stock moves in midday trading, led by consumer discretionary names and a few corporate actions. Williams-Sonoma shares rose about 6% after beating earnings expectations and lifting its dividend, while ZTO Express advanced about 7% on a stronger fourth-quarter report and a new buyback plan. The session also featured a mix of upgrades and downgrades that shaped sentiment across retail, logistics, and tech-adjacent names. Key takeaways Williams-Sonoma rose about 6% after earnings beat and a 15% dividend increase; the company reported EPS of $3.04 versus a $2.90 consensus…

The Federal Reserve left its benchmark rate unchanged and maintained a cautious posture after its latest policy meeting, even as inflation pressures persist and oil markets react to the Iran conflict. The central bank kept the federal funds rate in a 3.5% to 3.75% range with an 11-1 vote in favor of holding. The Fed’s dot plot showed a median projection of 3.4% for the funds rate at the end of 2026, identical to last year’s forecast. Yet a closer read revealed a shift toward fewer anticipated rate cuts, signaling a policy path that could stay restrictive for longer than…

U.S. equity futures were mixed in early trading as investors weighed a mix of earnings, regulatory headlines and forward guidance from retailers and chipmakers. Notably, Nvidia rose nearly 1% after Reuters, citing sources, reported that Chinese regulators approved the sale of its H200 AI chips in China. The company is also reportedly preparing to offer in China a version of its Groq AI chip, according to CNBC’s coverage of the Reuters report. In premarket action, several names moved on quarterly results or analyst commentary. Macy’s surged about 8% after delivering fourth-quarter results that topped expectations on both earnings and revenue.…