Category: Latest News
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Humana Shares Slide Following Announcement of Insurance Leadership Changes
Shares of Humana Inc. (NYSE:HUM) dropped around 4% in pre-market trading on Tuesday after the healthcare insurer disclosed an upcoming leadership transition within its insurance division, even as it reiterated its full-year earnings outlook. The Louisville-based company said George Renaudin, President of the Insurance Segment, plans to retire by the third quarter of 2026 after…
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Monte Rosa Shares Gain on Encouraging Prostate Cancer Trial Update
Shares of Monte Rosa Therapeutics (NASDAQ:GLUE) climbed about 3.5% after the company released encouraging interim results from its Phase 1/2 clinical trial evaluating MRT-2359 alongside enzalutamide in patients with metastatic castration-resistant prostate cancer (mCRPC). The clinical-stage biotech said patients with androgen receptor (AR) mutations achieved a 100% PSA response rate and a 100% disease control…
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U.S. Job Growth Beats Forecasts in November as October Retail Spending Stalls
U.S. employment expanded more than economists anticipated in November, according to data released Tuesday by the Labor Department, pointing to resilience in the labor market despite recent volatility. Nonfarm payrolls rose by 64,000 last month, rebounding from a sharp decline of 105,000 jobs in October. The result exceeded expectations for an increase of around 50,000…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Markets Seen Treading Water After Mixed Employment Signals
U.S. stock index futures pointed to a largely flat start on Tuesday, suggesting Wall Street could struggle to find clear direction after closing the previous session slightly lower following volatile trading. Investors appear cautious as they assess a mixed set of U.S. labor market figures, making it difficult to draw firm conclusions about the strength…
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Wall Street Banks Wary as U.S. Markets Move Toward 24-Hour Stock Trading
U.S. equity markets are edging closer to round-the-clock trading, but enthusiasm across Wall Street is mixed, with several major banks taking a cautious stance toward the shift. While exchanges are moving ahead with plans for nearly continuous weekday trading as early as late next year, some of the largest U.S. banks remain hesitant to fully…
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Smartphone Shipments Seen Falling in 2026 as Higher Chip Costs Weigh on Demand
Global smartphone shipments are expected to decline by 2.1% in 2026, as rising semiconductor costs begin to dampen consumer demand, according to a report released Tuesday by technology research firm Counterpoint. Electronics supply chains have recently been grappling with shortages of so-called legacy memory chips. Chipmakers have increasingly redirected capacity toward advanced memory used in…
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Pfizer Sets Out 2026 Outlook, Signalling Softer Revenue and Earnings
Pfizer Inc. (NYSE:PFE) has released its financial outlook for 2026, forecasting revenue in a range of $59.5 billion to $62.5 billion and adjusted diluted earnings per share between $2.80 and $3.00. At the same time, the pharmaceutical group updated its guidance for 2025, now expecting revenue of about $62.0 billion, compared with its earlier forecast…
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BofA Selects Estée Lauder as Its Leading Beauty Stock for 2026
Bank of America has identified Estée Lauder Companies (NYSE:EL) as its preferred beauty stock for 2026, highlighting growing confidence in the company’s turnaround efforts alongside a more favorable outlook for the sector. In a research note maintaining a Buy recommendation, BofA analyst Ashley Wallace said the bank has lifted its price target on the shares…
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Kraft Heinz Appoints Steve Cahillane as CEO Starting January 2026
The Kraft Heinz Company (NASDAQ:KHC) said Steve Cahillane will take over as chief executive officer effective January 1, 2026. Current CEO Carlos Abrams-Rivera will step down at that time and remain with the company in an advisory role through March 6, 2026. Cahillane will also join Kraft Heinz’s Board of Directors and assume leadership of…
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Duluth Holdings Shares Jump After Q3 Loss Narrows and Earnings Top Forecasts
Duluth Holdings Inc. (NASDAQ:DLTH) reported third-quarter results on Tuesday that showed a smaller loss than expected, helping lift the retailer’s shares despite revenue coming in below market forecasts. The workwear and casual clothing group saw its stock rise 6.39% in pre-market trading following the announcement. For the quarter, Duluth posted an adjusted loss of $0.23…