ADVFN US – Market Content Editor
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U.S. jobless claims unexpectedly decline in early March
New applications for unemployment benefits in the United States unexpectedly declined slightly in the week ending March 7, according to figures released Thursday by the Labor Department. Initial jobless claims totaled 213,000 for the week, down by 1,000 from the prior week’s revised figure of 214,000, the report showed. Economists had anticipated a small increase…
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U.S. trade deficit narrows sharply in January as exports surge
The U.S. trade deficit contracted more than anticipated in January, according to data released Thursday by the Commerce Department. The report showed the trade gap narrowed to $54.5 billion in January, compared with a revised deficit of $72.9 billion recorded in December. Economists had expected the deficit to decline more modestly to $67.9 billion from…
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U.S. housing starts jump unexpectedly in January as permits fall sharply
Residential construction activity in the United States rose unexpectedly in January, according to a report released Thursday by the Commerce Department. The report showed housing starts climbed 7.2% to a seasonally adjusted annual rate of 1.487 million in January, following a revised 4.8% increase to 1.387 million units in December. Economists had forecast a decline…
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Oil rebound could pressure Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures suggest a weaker start to Thursday’s session, with markets likely to face pressure after the major indices finished largely unchanged for two consecutive days. A renewed surge in crude prices may weigh on investor sentiment, as oil extends its rebound following Tuesday’s sharp decline. U.S. crude for April delivery has jumped $6.12,…
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Shell reports lower 2025 earnings as operating cash flow declines
Shell (NYSE:SHEL) reported adjusted earnings of $18.5 billion for 2025, compared with $23.7 billion recorded in the previous year. Cash flow generated from operations totaled $42.9 billion, down from $54.7 billion in 2024. Free cash flow also declined, coming in at $26.1 billion compared with $39.5 billion a year earlier. Despite the drop in cash…
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Lightwave Logic stock surges 30% after Tower Semiconductor partnership announcement
Shares of Lightwave Logic (NASDAQ:LWLG) jumped as much as 30% in premarket trading on Thursday after the company announced a development agreement with Tower Semiconductor focused on advancing high-speed optical modulator technology. Under the partnership, Tower and Lightwave Logic will work together to integrate Lightwave Logic’s compact, energy-efficient modulator reference designs—targeting bandwidths of 110GHz and…
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Hims & Hers Health stock continues rally, rises 7% in premarket trading
Shares of Hims & Hers Health (NYSE:HIMS) climbed as much as 7.2% in premarket trading on Thursday, building on a 10% surge recorded during Wednesday’s session. The stock is now on track to post gains for a fourth consecutive day. By the close of trading on Wednesday, the company’s shares had already surged about 64%…
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Lilly flags impurity in compounded versions of its weight-loss drug, warns of potential health risks
Eli Lilly (NYSE:LLY) said compounded weight-loss treatments that combine vitamin B12 with the active ingredient used in its Zepbound drug may pose health risks because of a newly identified impurity formed during preparation, according to a public letter released by the U.S. pharmaceutical company on Thursday. The letter, based on Lilly’s testing of compounded products,…
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Tesla wins licence to supply electricity to UK households
Tesla (NASDAQ:TSLA), the company led by Elon Musk, has been cleared to begin supplying electricity directly to households in the United Kingdom after receiving approval from the country’s energy regulator on Thursday. The move introduces a new competitor to the market at a time when consumers are increasingly concerned about rising energy bills. Regulator Ofgem…
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Petco shares jump as annual EBITDA outlook beats forecasts
Petco Health and Wellness Company (NASDAQ:WOOF) reported a quarterly loss and declining sales for the fourth quarter, while projecting only modest revenue growth for the year ahead. Despite the weaker earnings performance, the company’s shares surged about 16% in premarket trading after its adjusted EBITDA outlook came in above analyst expectations. The pet retailer posted…