After making gains earlier in the session, shares of technology giants plunged on the news that US president Donald Trump plans to impose additional tariffs on China.
The White House confirmed it plans to add another 50% tariff on Chinese goods, bringing the total tariff rate to 104%.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) shares started higher as the gold miner reported record revenue and net profit for 2024, and declared its maiden dividend.
Revenue rose to $193.1 million, from $141.25 million in the previous year, with some 84,965 ounces of gold sold at an average realised price of $2,288 per ounce.
Tilray Inc (NASDAQ:TLRY) shares plunged more than 16% after the cannabis and consumer packaged goods-producer's fiscal third quarter financial report disappointed investors.
Revenue fell year-over-year to $185.8 million from $188.3 million, well below expectations of $209.8 million.
Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF) announced that drilling at its Philadelphia project in northwestern Arizona has hit high gold grades.
The drill hole at the Rising Fawn target returned 4.91 meters at 9.20 grams per ton of gold.
Broadcom Inc (NASDAQ:AVGO, ETR:1YD) announced that its board of directors has approved an up to $10 billion share repurchase program.
The buyback program allows Broadcom to repurchase shares using various methods, such as open market purchases or private transactions until the end of 2025.
Micron Technology Inc (NASDAQ:MU) will impose a tariff-related surcharge on select products starting Wednesday in response to new US trade levies, Reuters reported.
Shares of the memory chipmaker rose 5.3% in premarket trading.
Shares of US healthcare insurers moved higher following the announcement of a significant increase in 2026 Medicare insurer payment rates under the Trump administration.
The government announced a 5.06% average increase in payments to private insurers managing Medicare Advantage plans, more than double the 2.23% initially proposed in January under the Biden administration.
Marvell Technology Group Ltd. (NASDAQ:MRVL) is selling its Automotive Ethernet business to Germany’s Infineon Technologies for about $2.5 billion in cash, as the US chipmaker sharpens its focus on the fast-growing data center market.
The transaction, expected to close by the end of the year, includes Marvell’s Brightlane portfolio and is projected to generate between $225 million and $250 million in revenue in fiscal 2026, the companies said.