Category: Latest News
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Oil rebounds sharply after recent slide as U.S. stock draw offsets Venezuela uncertainty
Oil prices climbed strongly on Thursday, recovering from two consecutive declines after fresh data showed a larger-than-expected drop in U.S. crude inventories, even as developments around Venezuela continued to dominate market attention. By 07:50 ET (12:50 GMT), Brent crude futures for March delivery were up 1.6% at $60.93 per barrel, while U.S. West Texas Intermediate…
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Dow Jones, S&P, Nasdaq, Wall Street futures signal a modestly weaker start
U.S. stock index futures are pointing to a slightly lower open on Thursday, suggesting equities may come under pressure after a mixed finish in the previous session. The softer tone follows comments from President Donald Trump calling for a sharp increase in U.S. military spending to $1.5 trillion by 2027. “This will allow us to…
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Frontier confirms James Dempsey as CEO and lifts fourth-quarter profit expectations
Frontier Group Holdings Inc. (NASDAQ:ULCC) has named James G. Dempsey as its permanent president and chief executive officer, effective January 7, the airline said. Dempsey, who had been serving as interim CEO since December 2025, has also been appointed to the company’s board. Dempsey has spent more than ten years with Frontier. Board chairman Bill…
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MoonLake shares surge after FDA outlines approval route for HS therapy
MoonLake Immunotherapeutics (NASDAQ:MLTX) jumped about 25% on Thursday after the company disclosed encouraging regulatory feedback from the U.S. Food and Drug Administration regarding Sonelokimab (SLK) for the treatment of Hidradenitis Suppurativa (HS). Following a Type B meeting, the FDA indicated that MoonLake may be able to demonstrate substantial evidence of effectiveness for SLK in HS…
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Acuity Brands posts Q1 earnings beat on sharp sales growth
Acuity Brands Inc. (NYSE:AYI) reported better-than-expected first-quarter fiscal 2026 results on Thursday, supported by robust revenue growth and improving margins across the business. For the quarter ended November 30, 2025, the group delivered adjusted earnings of $4.69 per share, topping the analyst consensus of $4.58. Revenue rose 20.2% year on year to $1.14 billion, broadly…
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Simply Good Foods tops Q1 forecasts and stands by full-year guidance
Simply Good Foods (NASDAQ:SMPL) posted first-quarter results on Thursday that came in ahead of market expectations, reporting adjusted earnings of $0.39 per share, $0.03 above consensus, while revenue reached $340.2 million, also exceeding forecasts of $335.93 million. The nutritional snacking group recorded total consumption growth of 2% during the quarter, supported by double-digit gains from…
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Soho House shares slide after funding shortfall emerges on $200m transaction
Soho House (NYSE:SHCO) saw its shares drop about 12% in pre-market trading on Thursday after disclosing that MCR Hospitality Fund will be unable to fully meet its $200 million funding commitment tied to the group’s proposed sale. The company said MCR Hospitality Fund IV LP and QP LP have notified Soho House that they cannot…
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Commercial Metals shares climb after Q1 earnings beat and double-digit revenue growth
Commercial Metals Company (NYSE:CMC) reported a strong start to fiscal 2026 on Thursday, delivering first-quarter results that came in well ahead of market expectations, supported by solid execution and favourable industry conditions. The update lifted investor sentiment, with the company’s shares rising about 2.4% in pre-market trading. For the quarter ended November 30, 2025, Commercial…
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RPM International shares slide after Q2 earnings fall short
RPM International Inc. (NYSE:RPM) reported weaker-than-expected second-quarter results on Thursday, with softer demand and short-term operational disruptions weighing on profitability. The update prompted a negative market reaction, with the specialty coatings and building materials group’s shares down about 5.7% in pre-market trading. For the fiscal second quarter ended November 30, 2025, RPM posted adjusted earnings…
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Helen of Troy shares slide as tariff pressures prompt profit warning
Helen of Troy Limited (NASDAQ:HELE) saw its shares fall nearly 10% in pre-market trading on Thursday after the group lowered its full-year profit outlook, even as it delivered third-quarter results that came in ahead of expectations. The consumer products maker reported adjusted earnings of $1.71 per share for the quarter, slightly above the consensus estimate…