ADVFN US – Market Content Editor

U.S. residential construction activity slowed in April, although the decline was significantly smaller than economists had anticipated, according to data released Thursday by the Commerce Department. Housing starts dropped 2.8% to a seasonally adjusted annual rate of 1.465 million units in April, following a revised 12% surge to 1.507 million units in March. Economists had…

The number of Americans filing new applications for unemployment benefits unexpectedly declined in the week ended May 16, according to data released Thursday by the U.S. Department of Labor. Initial jobless claims fell by 3,000 to 209,000 from the prior week’s revised level of 212,000. Economists had forecast claims would edge slightly higher to 213,000,…

Anthropic has reportedly told investors that it expects revenue to more than double to approximately US$10.9 billion in the second quarter while also achieving operating profitability for the first time, according to a report from The Wall Street Journal. The development would represent a major milestone for the artificial intelligence startup and highlights the company’s…

Vipshop (NYSE:VIPS) reported first-quarter results broadly in line with expectations, although its weaker-than-expected second-quarter revenue guidance disappointed investors. The online discount retailer generated first-quarter net revenue of 26.57 billion yuan, representing growth of 1.2% compared with the same period last year and matching analyst expectations of 26.51 billion yuan. Adjusted earnings per American depositary receipt…

AT&T (NYSE:T) announced the introduction of Build-A-Plan, a new wireless offering that allows customers to customise their mobile service each month according to their usage needs and budget preferences. The service will launch on May 27 with pricing starting at US$15 per month, excluding taxes and additional fees. Under the new structure, customers can add…

Eli Lilly (NYSE:LLY) shares gained around 2% in premarket trading on Thursday after the company released positive late-stage clinical trial results for its experimental obesity treatment retatrutide. The study showed that patients diagnosed with obesity lost an average of 28.3% of their body weight over an 80-week period when treated with the highest 12-milligram dose…

Advance Auto Parts (NYSE:AAP) shares fell 5.8% after the company reported first-quarter results ahead of analyst expectations but maintained a full-year earnings outlook that came in below Wall Street forecasts. The automotive parts retailer posted adjusted earnings per share of US$0.77 for the quarter, exceeding analyst estimates of US$0.43 by US$0.34. Revenue totaled US$2.6 billion,…