09:03 AM EDT, 06/05/2024 (MT Newswires) -- Qualcomm ( QCOM ) -backed artificial intelligence company Kneron said Wednesday that it has launched a new Edge AI server and an AI-embedded PC. The KNEO 330 is the company's second private Edge GPT server, following the KNEO 300, which was launched last year, according to Kneron. This new server reduces the overall...

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) shares are trading higher after the company reported better-than-expected first-quarter FY24 earnings and raised the outlook. The company reported first-quarter FY24 sales growth of 10.8% year-on-year to $508.82 million, beating the analyst consensus estimate of $505.79 million. Comparable store sales increased 3.0% compared to a 4.5% increase last year. Gross profit climbed 17.2% Y/Y...

09:09 AM EDT, 06/05/2024 (MT Newswires) -- Consumer stocks were mixed pre-bell Wednesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) recently up 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) down 0.2%. Hanesbrands ( HBI ) shares rallied past 13% after the company said it has agreed to sell certain operating assets...

09:01 AM EDT, 06/05/2024 (MT Newswires) -- Lifeist Wellness (LFST.V) on Wednesday said it is selling its subsidiary Australian Vaporizers (Aussie Vapes) to Nasdaq-listed Flora Growth for $900,000. Flora, a U.S.-based consumer-packaged goods and pharmaceutical distributor, covered the cost by issuing 550,000 shares. Lifeist had previously agreed to sell Aussie Vapes to Flora Growth last September. Although our original sale...