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BofA revamps Applied Materials stock price target after CEO message

Applied Materials (AMAT) reported its Q1 earnings on February 12. The earnings beat consensus estimates for adjusted EPS and revenue, and the stock is trading 10% higher at the time of writing, Friday morning, Feb. 13, according to Yahoo Finance. The supplier of semiconductor and semiconductor-related fabrication equipment reported revenue of $7 billion, a 2%

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Business

Goldman Sachs resets PCE inflation target after CPI bombshell

Goldman Sachs just sent a sobering warning to the Federal Reserve. After analyzing a “noisy” January CPI report, the firm’s economists, led by Jan Hatzius, officially reset their forecast for the Fed’s favorite inflation gauge. The new target? A 3.05% year-over-year jump in core PCE. This isn’t just a routine revision—it’s a brutal reality check

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Business

Traders pivot Fed rate cut bets after CPI surprise

Traders priced in higher odds that the Federal Reserve will cut interest rates more than two times this year, prompting Treasury market gains after the latest gauge of inflation showed a surprise. Overall inflation unexpectedly dropped to 2.4% in January from the same time last year. That was down from the previous 2.7% annual pace. Core inflation, which filters

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Business

Salesforce quietly raised its dividend to pacify activist funds

While most headlines fixate on Salesforce’s aggressive push into AI agents and its $60 billion revenue target, something else happened in early December that speaks volumes about who’s really calling the shots.  Salesforce (CRM), a Dow Jones 30 stock, increased its quarterly dividend to $0.416 per share, a modest but telling move that landed just

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Business

AWS CEO flags what’s next for AI and beaten-down software stocks

A year ago, Wall Street viewed software stocks as the next major winners from the AI boom. That outlook is now shifting as investors worry that artificial intelligence tools could disrupt traditional software services and weigh on growth across the sector. As of Feb 13, the software sector tracked by the iShares Tech-Expanded Software Sector

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Business

Stock Market Today, Feb. 11: Stocks pop, plummet, then moderate after unexpectedly strong jobs report

This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here. Happy Wednesday. This is TheStreet’s Stock Market Today for Feb. 11, 2026. You can follow the latest updates on the market here in our daily live blog. Update: 4:00 p.m. Closing Bell The U.S.

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Business

Spotify CEO shatters expectations with bold new AI pivot

Long gone are the days of putting a record on, popping in your favorite band’s tape, or loading your music onto your iPod. Nowadays, just about everyone — me included — uses Spotify to stream their favorite music, turning the company into a global giant with big plans for the future. Consider this point: Spotify

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Business

Apple is about to launch a ‘game-changer’ iPhone

Apple (AAPL) is ramping up for an eventful spring. It’s the kind of “quietly huge” setup that AAPL stock investors love. It plans several launches. One big narrative will dominate. And the scoreboard couldn’t be clearer. For me, the narrative unfolds with the latest Apple earnings. CEO Tim Cook was dealing in superlatives when he

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Business

Travelers stranded after island’s only airport shuts down

History buffs are currently witnessing a situation in which some travelers are stranded on the island of Napoleon Bonaparte’s exile. Sitting approximately 1,200 miles off the coast of Africa in the Atlantic Ocean, the British Overseas Territory of Saint Helena is an extremely remote island, which even more than 200 years later, is still known

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Business

Hot January jobs report impacts outlook for Fed rate cuts

The January jobs report delivered a sharp upside surprise, complicating expectations for Federal Reserveinterest-rate cuts and reinforcing the view that the U.S. labor market remains more resilient than policymakers anticipated. Payrolls rose by the most in more than a year to 130,000, beating estimates of 55,000. Theunemployment rate unexpectedly fell to 4.3% from 4.4%. “The

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