Author: Fiona Craig
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Capri Holdings Shares Gain After Earnings Beat and Signs of Turnaround Progress (CPRI)
Capri Holdings Limited (NYSE:CPRI) reported fourth-quarter results on Wednesday that came in ahead of analyst expectations, helping lift the company’s shares by 2.7% as investors responded positively to early signs that the luxury group’s turnaround strategy is gaining momentum. The fashion company posted adjusted earnings per share of $0.22 for the quarter, surpassing analyst forecasts…
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Movado Group Tops Forecasts as Sales and Margins Improve Strongly (MOV)
Movado Group, Inc. (NYSE:MOV) reported fiscal first-quarter 2027 results on Wednesday that came in ahead of analyst expectations, driven by stronger sales growth and a significant improvement in profit margins. The watch and accessories company posted adjusted earnings per share of $0.32, comfortably above the consensus forecast of $0.08. Revenue reached $142.4 million, exceeding analyst…
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Scotiabank Posts Strong Second-Quarter Earnings Above Expectations (BNS)
Bank of Nova Scotia (NYSE:BNS) reported second-quarter adjusted earnings on Wednesday that exceeded analyst forecasts, supported by solid revenue growth and lower credit-loss provisions. The Canadian lender posted adjusted earnings per share of Cdn$2.02, ahead of market expectations of Cdn$1.93. Scotiabank shares rose 0.62% in premarket trading following the earnings release. Quarterly revenue increased to…
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NVIDIA Reveals New Taipei AI Campus and Expands Taiwan Investment Plans (NVDA)
NVIDIA (NASDAQ:NVDA) chief executive Jensen Huang unveiled the company’s new Constellation campus in Taipei on Wednesday and said the group plans to increase its annual investment in Taiwan to as much as $150 billion. Speaking during the launch event, Huang said NVIDIA’s yearly spending in Taiwan has risen sharply from roughly $10 billion to $15…
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BioLineRx Shares Advance After First Patient Enrolled in GLIX1 Cancer Study (BLRX)
BioLineRx Ltd. (NASDAQ:BLRX) reported first-quarter 2026 financial results on Wednesday, shortly after announcing that the first patient had been dosed in its Phase 1/2a clinical study evaluating GLIX1 for the treatment of glioblastoma. The company’s shares climbed 4.43% in premarket trading following the update. BioLineRx posted adjusted earnings per share of $0.00 for the quarter…
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Walmart Signals Potential Price Increases as Food Producers Focus on Margins (WMT)
Walmart (NYSE:WMT) absorbed roughly $175 million in fuel expenses above expectations during the first quarter of fiscal 2027, creating an estimated 250 basis point drag on operating income growth across its worldwide logistics, distribution and fulfillment operations, according to Barclays. The retailer said the move to absorb the additional costs was deliberate, allowing it to…
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Amazon Invests £15 Billion in UK as It Advances Toward £40 Billion Expansion Target
Amazon (NASDAQ:AMZN) said it invested more than £15 billion ($20 billion) across the UK during 2025, keeping the group on course to meet its target of investing £40 billion in Britain by the end of 2027. The spending programme during the year covered the opening of additional operational facilities, expansion of production studios and office…
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Gold Prices Ease as Inflation Concerns Persist During U.S.-Iran Negotiations
Gold prices moved slightly lower on Wednesday as investors continued to assess uncertainty surrounding peace negotiations between the United States and Iran, while concerns over rising energy costs and the possibility of additional central bank rate hikes remained in focus. By 05:51 ET (09:51 GMT), spot gold had declined 0.4% to $4,491.28 per ounce, while…
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Micron Surges Into $1 Trillion Club After Record Rally and Bullish Analyst Calls
Shares of Micron Technology Inc (NASDAQ:MU) jumped 19.29% on Tuesday, May 26, climbing to a new all-time high of $916.80 and pushing the semiconductor group’s market capitalisation above the symbolic $1 trillion threshold for the first time. The rally has extended an extraordinary run for the stock, which has gained 70% over the past month…
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Samsung Workers Approve Wage Agreement With Strong Backing as Shares Jump to Record High (SSNHZ)
A majority of unionised employees at Samsung Electronics (USOTC:SSNHZ) voted on Wednesday to approve a preliminary wage agreement, preventing a large-scale strike that had raised concerns over global semiconductor supply chains and the wider South Korean economy. According to the union, around 74% of participating workers voted in favour of the deal. The agreement cancels…