Category: Latest News

PNC Financial Services Group (NYSE:PNC) saw its stock rise 1.85% in premarket trading on Wednesday after delivering second-quarter results that exceeded Wall Street forecasts, supported by robust loan expansion and increased operational efficiency. The bank reported earnings of $3.85 per share, well above the analyst consensus of $3.55. Total revenue came in at $5.66 billion,…

Tesla (NASDAQ:TSLA) remains one of the most heavily shorted auto stocks in the U.S., joining Rivian (NASDAQ:RIVN) and Quantumscape Corp (NYSE:QS) atop UBS’s latest list as the industry heads into second-quarter earnings season. UBS’s recent “comprehensive crowding factor” analysis places Tesla, Rivian, and QuantumScape at the forefront of short interest in the autos, auto parts,…

Pinnacle Financial Partners (NASDAQ:PNFP) posted strong second-quarter results that surpassed Wall Street forecasts, as the regional bank saw solid loan growth and an improved net interest margin drive nearly 23% year-over-year earnings growth. For the three months ending June 30, 2025, the Nashville-based bank reported earnings of $2.00 per diluted share—equal to its adjusted EPS,…

M&T Bank Corporation (NYSE:MTB) saw its shares tick up 0.39% in premarket trading on Wednesday after reporting better-than-expected results for the second quarter. The Buffalo-headquartered lender delivered adjusted earnings of $4.28 per share, topping analyst projections of $3.99. Total revenue for the quarter came in at $2.4 billion, slightly ahead of the $2.39 billion forecast.…

In a note released Wednesday, Bank of America analysts suggested that quantum computing “could be the biggest revolution for humanity since discovering fire.” They argued that this groundbreaking technology has the potential to upend existing global power structures and spark an era of extraordinary innovation. “A human would have to perform one sum every second…

Johnson & Johnson (NYSE:JNJ) has increased its full-year sales outlook, even amid concerns about potential U.S. tariffs on pharmaceutical imports. The company now projects annual revenue between $93.2 billion and $93.6 billion, up from the previous estimate of $91 billion to $91.8 billion. Shares of Johnson & Johnson climbed over 1% in early U.S. trading…

Shares of Global Payments (NYSE:GPN) surged over 6% in premarket trading on Wednesday following media reports that activist investor Elliott Investment Management has acquired a significant stake in the fintech company. According to sources familiar with the situation, Elliott’s holding in the Atlanta-based payment processor is described as “sizable.” However, Reuters noted that the exact…

Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) dipped over 1% in early U.S. trading on Wednesday after the transportation and logistics company reported second-quarter results that exceeded Wall Street expectations, despite ongoing pressures from volume and pricing challenges. J.B. Hunt posted earnings of $1.31 per share on revenues of $2.93 billion, slightly surpassing analyst forecasts…

AstraZeneca’s (NYSE:AZN) rare disease division, Alexion, announced that its experimental treatment anselamimab did not achieve the primary objective in a significant late-stage study targeting patients with a severe and rare cardiac condition, causing the company’s stock to decline on Wednesday. The Phase III CARES trial revealed that anselamimab failed to demonstrate a statistically significant advantage…

The U.S. dollar edged lower on Wednesday, retreating from a recent rally as markets digested consumer price data and looked ahead to a key report on producer inflation for further signals on Federal Reserve policy. By 04:55 ET (08:55 GMT), the Dollar Index — which monitors the dollar’s movement against six major global currencies —…