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Globalstar Stock Surges 10% on Report Amazon Nears $11.6 Billion

Globalstar Stock Surges 10% on Report Amazon Nears $11.6 Billion Takeover to Rival SpaceX Starlink

NEW YORK — Shares of Globalstar Inc. climbed sharply in early trading Tuesday after reports emerged that Amazon.com Inc. is in advanced negotiations to acquire the satellite communications company in a deal valued at approximately $11.6 billion, a move that would significantly bolster Amazon's low-Earth orbit satellite ambitions and intensify competition with SpaceX's Starlink network.
JPMorgan Chase set aside $902 million in reserves in case of bad loans, citing risk from high inflation and the Ukraine war

JPMorgan Chase Stock Hits Fresh Highs as Q1 2026 Earnings Crush Estimates with Record Profits

NEW YORK — Shares of JPMorgan Chase & Co. traded near all-time highs Tuesday after the banking giant delivered stronger-than-expected first-quarter 2026 results, posting record net income of $16.5 billion and beating Wall Street forecasts on both revenue and earnings amid robust performance in markets, investment banking and asset management.
Credo Technology Group Stock Soars 12% on Record Revenue and

Credo Technology Stock Surges 13% on DustPhotonics Acquisition in Major AI Optics Expansion Move

NEW YORK — Shares of Credo Technology Group Holding Ltd. jumped more than 13% in early trading Tuesday after the high-speed connectivity specialist announced a strategic acquisition of Israeli photonics company DustPhotonics, a deal that accelerates its push into silicon photonics and next-generation optical interconnects critical for powering massive AI data centers.
Astera Labs Stock Surges 10% as AI Connectivity Demand Fuels

Astera Labs Stock Slides 3.2% Amid AI Boom Despite Strong Growth Outlook

NEW YORK — Shares of Astera Labs Inc. fell more than 3% in early trading Tuesday as the semiconductor company specializing in high-speed connectivity for artificial intelligence infrastructure gave back some of its recent sharp gains, even as analysts continue to highlight its pivotal role in powering the AI data center buildout.
FTSE 100 Top Gainers: BP Leads 3.16% Surge as Oil

FTSE 100 Slips 0.17% as Geopolitical Tensions Weigh on London Market

LONDON — The FTSE 100 closed modestly lower on Monday, ending at 10,582.96 after shedding 17.57 points or 0.17%, as lingering concerns over the U.S.-Iran standoff and a naval blockade in the Strait of Hormuz kept investors cautious despite some resilience in commodity-linked shares.

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