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TezNewz delivers AI-scored financial news with impact ratings from -100 to +100. Latest stories cover Financial Services, Unknown, Consumer Cyclical sectors. Top impact story: "China's Xi Holds Phone Call With President Trump - Xinhua" with +50 impact score. Join our Discord community for real-time alerts and discussions.
Chinese President Xi Jinping held a phone call with former U.S. President Donald Trump, discussing various bilateral issues. The conversation comes amid ongoing tensions between the two nations. No specific financial figures or market impacts were mentioned in the article.
Barclays analyst Etzer Darout has maintained an Overweight rating on Syndax Pharmaceuticals (NASDAQ: SNDX) and increased the price target from $22 to $35. This adjustment reflects a positive outlook for the company's stock performance.
Amazon Web Services (AWS) operates over 900 data centers across more than 50 countries, significantly larger than previously understood. This infrastructure supports the increasing demand for cloud and AI services, with AWS reporting a 20% year-over-year revenue growth to $33 billion in Q3 2024. Additionally, AWS has formed a multi-year strategic partnership with OpenAI, valued at $38 billion, to utilize its EC2 UltraServers for advanced generative AI workloads. Following this announcement, Amazon's stock rose 1.24% to $223.43.
Amazon Web Services (AWS) operates over 900 data centers in more than 50 countries, significantly larger than commonly perceived, to meet the rising demand for AI services. AWS's infrastructure includes more than 440 colocation facilities, contributing approximately 20% of its computing power in 2024. Following a strategic partnership with OpenAI, Amazon shares reached an all-time high, with AWS reporting a 20% year-over-year revenue growth to $33 billion in the third quarter, marking its fastest growth since 2022.
Barclays analyst Brian Morton has maintained an Overweight rating on Royal Bank of Canada (TSX: RY) and increased the price target from C$203 to C$221. This adjustment reflects a positive outlook for the bank's performance.
Amazon Web Services (AWS) operates over 900 data centers across more than 50 countries, significantly expanding its infrastructure to meet rising AI demand. The company has entered a multi-year strategic partnership with OpenAI, valued at $38 billion, to support advanced generative-AI workloads. AWS reported a 20% year-over-year revenue growth to $33 billion in the third quarter, marking its fastest growth since 2022. Following the partnership announcement, Amazon's stock reached an all-time high, trading at $223.43.
Telefónica plans to reduce its workforce by 5,000 jobs as part of a cost-cutting strategy, according to union reports. This decision is aimed at improving the company's financial performance amid ongoing challenges in the telecommunications sector. The stock ticker for Telefónica is TEF.
Barclays analyst Etzer Darout has maintained an Overweight rating on Kura Oncology (NASDAQ: KURA) and raised the price target significantly from $11 to $28. This adjustment reflects positive expectations for the company's performance in the market.
Algorhythm Holdings, Inc. (NASDAQ: RIME) announced that its subsidiary SemiCab has secured a contract expansion with Marico, a prominent consumer goods company in India. This expansion is expected to generate an annualized revenue of approximately $3 million for SemiCab, marking the fifth multi-million dollar contract the company has executed in 2023.