Arm Holdings ( ARM ) shares are moving higher after the company reportedly announced that Meta has become its first customer for a new in-house chip project. What To Know: According to Financial Times, this marks a major shift in Arm's business model, as it moves from licensing chip designs to producing its own processors, putting it in potential competition...

03:25 PM EST, 02/13/2025 (MT Newswires) -- Consumer stocks were rising late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.5%. In corporate news, Papa John's International (PZZA) shares jumped past 19% after Semafor reported that an investment fund backed by a member of Qatar's...

03:18 PM EST, 02/13/2025 (MT Newswires) -- Sable Offshore ( SOC ) said Thursday it received confirmation for repair work on the Las Flores Pipeline System from Santa Barbara County, California, under existing permits that were reviewed in a previous environmental impact assessment. The county's letter from Feb. 12 states that the anomaly repair work falls within already granted permits,...

MEXICO CITY, Feb 13 (Reuters) - Walmart's ( WMT ) Mexico and Central America unit reported a 1.4% bump in its fourth-quarter net profit on Thursday, coming in at 15.2 billion Mexican pesos ($729 million), slightly below analysts' forecasts as its general expenses jumped some 15%. Analysts polled by LSEG had forecast profits of some 16.55 billion pesos. Net sales...