Category: Latest News

New data on U.S. initial jobless claims showed a notable increase in the number of people filing for unemployment benefits for the first time last week, signaling potential softening in the labor market. Initial claims came in at 232,000, a figure that not only overshot economists’ expectations but also exceeded the prior reading of 218,000.…

Amer Sports, Inc. (NYSE:AS) delivered a notably strong third-quarter update on Tuesday, with results coming in well ahead of Wall Street expectations thanks to robust demand across all business lines and regions. The upbeat numbers sent the company’s shares soaring 9.23% in pre-market trading. The group reported adjusted EPS of $0.33, outperforming the analyst consensus…

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) delivered a mixed set of fourth-quarter results on Tuesday, missing profit expectations even as revenue came in slightly ahead of analyst estimates. The lender reported earnings per share of $0.28, falling $0.11 below the consensus estimate of $0.39. Quarterly revenue landed at $77.3 million, just above the projected $76.93 million.…

PDD Holdings Inc. (NASDAQ:PDD) saw its shares slide 3.97% in pre-market trading Tuesday after the company released third-quarter results that came in below Wall Street expectations, underscoring slowing revenue growth and intensifying competition in China’s e-commerce sector. For the three months ending September 30, 2025, Pinduoduo reported adjusted earnings of RMB21.08 ($2.96) per share, missing…

Futu Holdings Limited (NASDAQ:FUTU) climbed 3.1% on Tuesday after the online brokerage posted third-quarter results that blew past analyst forecasts, powered by record-breaking trading volumes and accelerating client growth across its global markets. For the quarter ending September 30, 2025, the company delivered adjusted earnings of HK$22.80 per ADS, well ahead of the HK$18.00 Wall…

Corporate treasury firm Strategy Inc. (NASDAQ:MSTR) disclosed in a regulatory filing that it acquired an additional 8,178 bitcoin last week, spending roughly $835.6 million to expand its already massive holdings. The latest purchase brings the company’s total stash to 649,870 BTC, valued at approximately US$48.4 billion based on current market prices. Strategy noted that most…

Baidu’s (NASDAQ:BIDU) shares rose more than 2% in premarket trading on Tuesday after the Chinese tech giant delivered third-quarter results that exceeded Wall Street expectations on both profit and revenue, thanks to continued momentum in its fast-growing AI cloud operations. The company reported earnings per share of RMB11.12, comfortably topping the RMB8.37 analyst estimate. Total…

Weibo Corporation (NASDAQ:WB) rose 2.5% on Tuesday after the Chinese social media platform posted third-quarter earnings that aligned with analyst expectations, even though revenue came in slightly below forecasts and declined from a year earlier. The company delivered adjusted earnings of $0.42 per share, in line with consensus estimates. Quarterly revenue totaled $442.3 million, just…

Elbit Systems Ltd. (NASDAQ:ESLT) climbed 5.1% on Tuesday after the Israeli defense technology group delivered third-quarter results that far outpaced Wall Street forecasts, fueled by escalating global defense spending and heightened tensions in the Middle East. The company reported adjusted earnings of $3.35 per share, easily surpassing the $2.48 analyst estimate. Quarterly revenue came in…