Author: Fiona Craig
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U.S. Retail Sales Stall in December, Missing Growth Expectations
U.S. retail spending showed little momentum at the end of the year, with sales unexpectedly flattening in December, according to data released by the Commerce Department on Tuesday. The report showed overall retail sales were essentially unchanged from November, following a 0.6% increase the previous month. Economists had been forecasting a 0.4% rise. Even after…
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U.S. Import Prices Edge Higher in December as Export Costs Rise Faster Than Expected
U.S. import prices rose slightly in December, broadly matching market expectations, according to data published by the Labor Department on Tuesday. The report showed import prices increased by 0.1% during the month, in line with economists’ forecasts. On an annual basis, import prices were unchanged from December a year earlier. Export prices, however, posted a…
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Flat U.S. retail sales raise caution ahead of Wall Street open: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures pointed to a modestly weaker start on Tuesday, suggesting equities could give back some ground after two consecutive sessions of solid gains. Futures dipped after data from the Commerce Department showed U.S. retail sales unexpectedly stalled in December, raising concerns about the momentum of consumer spending. According to the report, retail…
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Hasbro shares rise after upbeat fourth-quarter results
Hasbro (NASDAQ:HAS) shares were up around 2% in premarket trading on Tuesday after the toy maker reported fourth-quarter earnings and sales that comfortably exceeded market expectations. The company delivered earnings per share of $1.51 for the quarter, far ahead of the $0.95 analysts had forecast. Revenue jumped 31% year over year to $1.45 billion, surpassing…
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Under Armour slides after Citi downgrade flags rising risks to turnaround
Under Armour (NYSE:UAA) shares fell sharply on Tuesday after Citi cut its rating on the stock to Sell from Neutral, citing growing challenges facing the company’s North America turnaround and a risk profile tilted to the downside. The sportswear group’s shares were down roughly 6% in premarket trading by 05:39 ET. The downgrade follows a…
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ZoomInfo shares slide despite Q4 beat as Citizens downgrades stock
ZoomInfo Technologies (NASDAQ:GTM) saw its shares drop sharply in premarket trading on Tuesday, despite reporting fourth-quarter results that exceeded expectations on most headline metrics. The stock was down more than 10% by 05:53 ET. Revenue for the quarter increased 3% year on year to $319.1 million, topping the consensus estimate of $309.3 million. Non-GAAP earnings…
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DuPont edges past Q4 profit forecasts and sets guidance for the year ahead
DuPont De Nemours Inc (NYSE:DD) reported fourth-quarter results on Tuesday that slightly exceeded analyst expectations on earnings, while revenue broadly matched forecasts. The industrial group delivered earnings per share of $0.46 for the quarter, beating the consensus estimate of $0.43. Revenue reached $1.7 billion, essentially in line with market expectations of $1.69 billion. DuPont said…
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Ares Commercial Real Estate posts Q4 loss wider than expected despite revenue topping forecasts
Ares Commercial Real Estate Corporation (NYSE:ACRE) on Tuesday reported fourth-quarter results that fell short of profit expectations, even as revenue came in ahead of analyst forecasts. The specialty finance company recorded a GAAP net loss of $0.07 per diluted share for the fourth quarter of 2025, missing the consensus estimate of a $0.01 per-share loss.…
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Apple and Google agree to app store reforms following UK competition scrutiny
Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) have agreed to introduce changes to their mobile app marketplaces aimed at improving fairness and transparency for developers, Britain’s competition watchdog said on Tuesday. The Competition and Markets Authority (CMA) said the undertakings mark an important early move under its strengthened regulatory framework. As part of the commitments, both companies…
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Wesco shares slide after Q4 profit shortfall eclipses solid revenue growth
Wesco International (NYSE:WCC) posted fourth-quarter results on Tuesday that disappointed on earnings, overshadowing a modest revenue beat and triggering a sharp sell-off in the stock. Shares of the industrial distributor fell about 7.5% in pre-market trading following the release. The Pittsburgh-based group reported adjusted earnings of $3.40 per share for the quarter, well below the…