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Market Watch: Stock Futures Edge Lower Ahead of Inflation Report

Stock futures edged lower on Wednesday as investors turned their attention to an impending inflation report slated for later this week. Futures linked to the...

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SoftBank stocks surge over 8% on strong Arm performance

SoftBank, a Japanese investment holding company, experienced a notable surge of over 8% in its shares during morning trading. This spike followed the release of impressive financial results by chipmaker Arm. Arm witnessed a remarkable increase in its shares, soaring by as much as 41%. This surge came in the wake of the chip designer surpassing analysts' expectations with its reported revenue and earnings. Additionally, Arm provided a bullish outlook for the upcoming quarter. SoftBank, which had taken Arm public in September, still retains approximately 930 million shares, constituting roughly 90% of the chip designer’s outstanding stock. Following the earnings report, SoftBank's stake in Arm experienced a significant boost, rising by nearly $16 billion. This propelled its value from close...

Rocket Lab’s Neutron Rocket Progress and Expanded Spacecraft Portfolio

Rocket Lab continues to advance steadily in the development of its Neutron vehicle, with the company revealing fourth-quarter results that showcased a contract backlog surpassing $1 billion. During the quarter, the space company recorded a net loss of $50.5 million, equivalent to 10 cents per share. Compared to the previous year, Rocket Lab saw its fourth-quarter net loss expand by approximately 36%, reflecting the substantial investment directed towards the creation of its Neutron rocket. Similarly, its full-year loss widened by a comparable margin, totaling $182.6 million, or 38 cents per share. Revenue for the fourth quarter experienced a 16% increase year over year, reaching $60 million, up from $51.8 million. Of this revenue, the launch business accounted...