Market Overview - Major averages are experiencing a rebound, with the Dow up approximately 350 points (0.75%), the S&P up nearly 1%, and the Nasdaq up about 1.1% [2] - The Russell 2000 index has reached a new record high, increasing by about 1.4% for the session and up 13% year-to-date [3] Banking Sector Performance - Bank of America and Morgan Stanley reported stronger-than-expected third-quarter results, driven by a surge in deal-making on Wall Street [8] - Morgan Stanley achieved a record quarter in its equity underwriting business, while Bank of America set a record for its lending margin and net interest income [9][10] - Goldman Sachs reported over $1 trillion in M&A volume advised year-to-date, indicating strong performance across major banks [10] - Analysts expect street estimates for bank earnings to rise for 2026, reflecting positive trends in loan demand and credit quality [12][15] Trade Tensions and Economic Implications - U.S. Treasury Secretary and U.S. Trade Representative criticized China for new restrictions on rare earth exports, labeling it as economic coercion [28][29] - The U.S. aims to diversify supply chains rather than decouple from China, with ongoing discussions at staff levels [30] - President Trump indicated potential retribution against China regarding cooking oil imports, which could impact U.S. farmers [32][39] ETF Market Trends - ETF net inflows surpassed $1 trillion, significantly ahead of last year's total, with strong interest in thematic and fixed-income ETFs [82][83] - The shift from mutual funds to ETFs is evident, with significant inflows into S&P 500 index-based products and thematic ETFs related to artificial intelligence and nuclear energy [84][86] - Retail investors are driving demand for thematic strategies, indicating a resurgence in retail-driven trading [88] Oil Seed Processing Sector - Bungi, a major oil seed processor, reported positive earnings and updated guidance, benefiting from potential reductions in Chinese used cooking oil imports [40][41] - The sector is expected to gain from a shift away from Chinese imports, with companies like ADM and Darling Ingredients also positioned to benefit [42]

Core Insights - Wearable Devices Ltd. has announced a new patent for a "Gesture and Voice-controlled Interface Device" that enhances user interaction by integrating simulated physical characteristics into gesture control, bridging the gap between digital actions and physical sensations [1][3][4] Company Overview - Wearable Devices Ltd. specializes in AI-powered touchless sensing wearables, focusing on human-computer interaction through proprietary sensors and advanced AI algorithms [4][6] - The company's flagship products, the Mudra Band and Mudra Link, enable intuitive, touch-free control of digital devices using gestures across various operating systems [4][5] Technological Innovation - The newly patented technology allows users' gestures to not only trigger actions but also simulate physical properties like weight and texture, enhancing the realism of virtual interactions [2][3] - This innovation aims to significantly improve user experience in virtual reality (VR) and augmented reality (AR) by providing a higher level of tactile realism when manipulating virtual objects [3][5] Market Positioning - Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing, the company targets both individual consumers and business partners, offering advanced input solutions for immersive environments [5][6] - By setting standards for neural input in the XR ecosystem, Wearable Devices is positioned to shape the future of user experiences in rapidly growing tech markets [6]

Oura Ring creator ŌURA has raised funding of more than $900m, earmarked for the growth of the company's health technology offerings. The investment, spearheaded by the Fidelity Management & Research Company, includes participation from ICONIQ, with Whale Rock and Atreides also contributing. This influx of capital, which places ŌURA's valuation at an estimated $11bn, will also be directed towards the company's advancements in AI, refining its product offerings and broadening its distribution on an interna ...

Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures falling as tensions escalate between the US and China. China retaliating against President Trump's threats by sanctioning the US units of a South Korean shipping giant that has spurred risk off sentiment across financial markets. Investors flocking to bonds while crypto assets are plunging.Plus, investors are also watching big bank earnings results fro ...

Finnish health tech company Oura has raised $900 million in fresh funding led by Fidelity Management & Research Company, with participation from new investor ICONIQ and contributions from Whale Rock and Atreides. The company said today that this funding will value it at “approximately $11 billion,” more than double the valuation it received for its last round in December. Bloomberg previously reported that Oura was closing new funding at $11 billion valuation. “This new funding is a testament to the str ...

Market Focus - Oura is prioritizing its core user base while naturally expanding into new demographics [1] - Young women are increasingly becoming a key segment of Oura's market [1] Business Strategy - Oura's chief commercial officer is not overly concerned with capturing every demographic [1]

If you take the subway in New York City, or drive a car in Los Angeles, you’ve seen the ads for Friend.com. “I’ll binge the entire series with you.”“I’ll never leave dirty dishes in the sink.”“I’ll never bail on dinner plans.” The slogans are simple, intimate, needy, and impossible to avoid. Friend.com is the biggest campaign in the New York City subway this year, according to Outfront, an MTA billboard marketing agency. The AI wearable has 11,000 “always on” advertisements in the MTA, some covering a w ...

Group 1 - Truist Financial has set a price target of $880 for Meta Platforms (NASDAQ:META), indicating a potential increase of about 13.89% from the current stock price of $772.66 [1][6] - Meta Platforms is expanding into wearable technology with the launch of $799 Ray-Ban smart glasses, aiming to replace traditional smartphones [2][6] - The new AI-powered Meta Ray-Ban Display glasses feature a built-in screen for displaying text messages, video calls, and more, showcasing Meta's push into innovative consumer technology [3][6] Group 2 - Following the announcement of the smart glasses, META's stock saw a rise in premarket trading, positively impacting EssilorLuxottica's shares, which increased by approximately 1.6% [4] - Currently, META's stock price on NASDAQ is around $786.21, reflecting an increase of about 1.35% or $10.50, with a market capitalization of approximately $1.98 trillion [5]

Core Insights - Wearable Devices Ltd. is positioned as a leader in the rapidly growing market for AI-enabled, touch-free wearables, responding to user demand for more intuitive device interaction [2][3][4] - The company's flagship products, the Mudra Band and Mudra Link, utilize proprietary neural input technology to enable gesture-based control across various platforms [3][4] - The market for neural interfaces is expanding as sectors like extended reality (ER) and augmented reality (AR) increasingly adopt gesture-based systems, indicating a shift in human-technology interaction [2][5] Company Overview - Wearable Devices Ltd. specializes in human-computer interaction through AI-powered neural input technology, offering products that allow touch-free control of digital devices [4][5] - The company operates a dual-channel model, focusing on direct-to-consumer sales and enterprise collaborations, enhancing user experiences in gaming, productivity, and extended reality [5] - The Mudra Band serves as an accessory for Apple Watch, while the Mudra Link provides cross-platform interaction, showcasing the company's commitment to seamless user experiences [3][4]

Leadership Changes - Hapbee Technologies has appointed Krishna Subramanian as Chief Financial Officer, bringing over 30 years of experience in strategic and operational finance [2][4] - Riz Shah, Chairman of the Board, will serve as Interim Chief Executive Officer, while Yona Shtern steps down from the CEO role and will not seek re-election [3][4] - The leadership changes aim to enhance innovation, financial discipline, and customer experience as the company focuses on product and market expansion [4] New Appointments - Pat Murray has been appointed as Head of Devices Product Engineering, leveraging his experience in assembling product teams for major clients [7] - TJ Varghese has been appointed as Head of Devices Product Management, bringing over a decade of experience in hardware innovation from Google [7] Financial Update - Hapbee is proceeding with a shares-for-debt settlement of $112,500, issuing 1,250,000 shares at a deemed price of $0.09 per share to settle part of an aggregate debt of $235,954.48 [5][6] - The debt represents unpaid fees for marketing services, and the company aims to preserve cash for future operations [6] Strategic Focus - The leadership changes and new appointments are part of a strategy to fast-track product development and enhance market presence [4][7] - The company is positioned to deliver new product deployments and ensure sustainable growth through financial discipline and innovation [4]