Author: Fiona Craig

Retail investors have been buying stocks at “full speed,” which is obscuring the more cautious stance seen among institutional investors, according to Barclays analysts. In a recent note, the bank highlighted that retail trading volumes in the U.S. are at historic highs, driven mainly by activity in “unprofitable” tech shares and “crowded shorts.” Data from…

In a recent note, BlackRock (NYSE:BLK) emphasized that emerging U.S. laws are reinforcing stablecoins’ position within the global financial landscape, while also highlighting bitcoin’s potential as a long-term growth asset. The asset management giant pointed to the recently enacted Genius Act, stating, “New U.S. legislation – notably this month’s Genius Act – is cementing the…

Shares of Eli Lilly and Company (NYSE:LLY) dropped Thursday morning after the company announced that its diabetes treatment Mounjaro did not demonstrate superiority over Trulicity, its older GLP-1 medication, in a major cardiovascular trial. Following the release of topline findings from the SURPASS-CVOT study, which compared both treatments in adults with type 2 diabetes and…

Upbound Group, Inc. (NASDAQ:UPBD) reported second-quarter results on Thursday that exceeded Wall Street expectations, thanks to robust growth in its Acima and Brigit segments. Shares inched up 0.04% in pre-market trading following the earnings release. The company posted adjusted earnings per share of $1.12, surpassing analyst estimates by $0.07, while revenue totaled $1.16 billion, above…

Stagwell Inc. (NASDAQ:STGW) beat revenue expectations in the second quarter, supported by robust gains in its digital transformation business and market share growth. Following the announcement, shares inched up 0.19% in after-hours trading. The marketing services company reported adjusted earnings per share of $0.17, in line with analyst forecasts. Revenue came in at $707 million,…

S&P Global Inc. (NYSE:SPGI) posted stronger-than-expected results for the second quarter, supported by robust performances in its Market Intelligence and S&P Dow Jones Indices units. The company’s shares moved up 1.07% in pre-market trading after the release. The financial data and analytics firm reported adjusted earnings per share of $4.43, well ahead of analysts’ expectations…

Terex Corporation (NYSE:TEX) delivered stronger-than-expected earnings for the second quarter, buoyed by a solid showing in its Environmental Solutions division, even as other business units faced headwinds. Shares rose modestly by 0.44% in pre-market trading after the results were announced. The company reported adjusted earnings of $1.49 per share, outpacing the consensus estimate of $1.45.…

Kirby Corporation (NYSE:KEX) delivered second-quarter results that came in just ahead of Wall Street expectations, buoyed by steady performance across its marine transportation and distribution segments. Following the earnings release, shares inched up 0.01% in after-hours trading. The Houston-based barge transportation company reported earnings of $1.67 per share, narrowly beating the consensus estimate of $1.66.…

Psyence Biomedical Ltd. (NASDAQ:PBM) saw its stock skyrocket by 70% after announcing a major scientific milestone achieved by its strategic partner, PsyLabs. The partner successfully produced a GMP-compliant Ibogaine Total Alkaloid extract, marking a breakthrough in the scalable manufacturing of purified psychedelic compounds. The extract passed all required microbial safety standards for food-grade use, confirmed…

AGCO Corporation (NYSE:AGCO) saw its shares surge by 5.03% in pre-market trading Thursday, as the company delivered second-quarter results that beat expectations and lifted its full-year outlook despite industry-wide difficulties. The agricultural equipment maker reported adjusted earnings of $1.35 per share, well above Wall Street estimates of $1.08. Revenue came in at $2.6 billion, topping…