Author: Fiona Craig

Results Top Expectations as Revenue Edges Ahead of Forecasts J.Jill, Inc. (NYSE:JILL) reported fiscal first-quarter 2026 results that exceeded Wall Street estimates, although investors focused on ongoing sales declines and tariff-related pressures, sending the retailer’s shares down 6.5% in premarket trading. Adjusted earnings per share came in at $0.45, surpassing analyst expectations of $0.42 by…

Investor Concerns Emerge Following AI Investment Plans Alibaba (NYSE:BABA) shares declined around 3% in U.S. premarket trading on Wednesday after a Bloomberg report indicated that China could invest approximately 2 trillion yuan over the next five years to expand data centre infrastructure in support of the country’s artificial intelligence ambitions. The report sparked concerns that…

Amazon Broadens Freight Offering Across the United States Shares of Saia (NASDAQ:SAIA), Old Dominion Freight Line (NASDAQ:ODFL) and FedEx Freight (NYSE:FDXF) came under pressure in premarket trading after Amazon (NASDAQ:AMZN) unveiled a significant expansion of its less-than-truckload (LTL) freight business. Saia and Old Dominion shares fell approximately 7%, while FedEx Freight declined around 6%, as…

Strong Earnings Performance Driven by Margin Expansion Core & Main, Inc. (NYSE:CNM) delivered first-quarter results ahead of market expectations, prompting shares to rise about 0.7% in premarket trading. Adjusted earnings per share reached $0.72, surpassing analyst forecasts of $0.54 by $0.18. Revenue totaled $1.91 billion, slightly ahead of the $1.90 billion consensus estimate and broadly…

European Regulators Assess Foreign Funding in Proposed Acquisition Paramount Skydance Corp (NASDAQ:PSKY) has begun the process of securing European Union approval for its proposed acquisition of Warner Bros Discovery (NASDAQ:WBD), with regulators set to examine the transaction under the bloc’s foreign subsidies framework. According to a filing with the European Commission, the U.S. media and…

Deal Brings Real Estate Lending Platform Into Figure’s Network Figure Technology Solutions Inc. (NASDAQ:FIGR) has entered into a definitive agreement to acquire Kiavi, an AI-driven lending platform focused on residential real estate investors, in a transaction valued at $717 million. As part of the deal, Kiavi’s balance sheet assets will be acquired by a joint…

Cheetah Mobile Inc. (NYSE:CMCM) reported first-quarter revenue of $37.5 million on Wednesday, with overall sales broadly unchanged from a year earlier as rapid expansion in its robotics and AI-related businesses helped offset declines across its traditional internet and enterprise services operations. The company’s shares fell 1.18% in after-hours trading following the earnings release. Robotics Division…

Gold prices extended their recent decline after renewed military action between the United States and Iran undermined hopes for a swift end to the conflict, increasing uncertainty across global markets and reinforcing concerns about inflation. Spot gold dropped 2% during morning trading to $4,168 an ounce, its lowest level since late November 2025, following a…

Oil prices traded little changed on Wednesday as investors largely shrugged off the latest military exchange between the United States and Iran, while a significant decline in U.S. crude inventories provided additional support to the market. As of 05:47 ET (09:47 GMT), Brent crude futures for August delivery were broadly unchanged at $91.40 per barrel,…