Category: Latest News
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Upstart shares surge after company returns to GAAP profitability
Upstart (NASDAQ:UPST) shares climbed 12.2% in pre-market trading after the AI-powered lending platform reported its strongest quarterly performance in several years, achieving its first GAAP profit since late 2021 and comfortably outperforming market expectations on revenue and loan originations. The results, released after Tuesday’s closing bell, triggered a sharp rally in after-hours trading that continued…
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Booking Holdings tops second-quarter forecasts as travel demand stays resilient
Booking Holdings (NASDAQ:BKNG) reported second-quarter results that surpassed analyst expectations, driven by steady global travel demand and solid growth across its platform. The stronger-than-expected performance sent the company’s shares more than 5% higher in pre-market trading on Wednesday. The online travel group posted adjusted earnings of $2.54 per share, exceeding Wall Street forecasts of $2.44…
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SpaceX lock-up expiry set to become the next major test for shareholders
Attention is shifting to SpaceX (NASDAQ:SPCX) as the company’s first post-IPO lock-up period expires on Thursday, allowing as many as 912 million shares owned by employees, early investors and other pre-listing stakeholders to become eligible for sale. The event follows the company’s first earnings report as a public company and is expected to provide fresh…
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Pinterest shares tumble despite earnings beat as outlook disappoints investors
Pinterest (NYSE:PINS) shares dropped 9.0% in pre-market trading after the social media platform released quarterly results that exceeded expectations but issued forward guidance that failed to meet investors’ hopes. For the second quarter of 2026, Pinterest reported revenue of $1.18 billion and adjusted earnings per share of $0.43, outperforming Wall Street forecasts of $1.15 billion…
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AMD shares retreat despite record revenue and upbeat outlook
Advanced Micro Devices (NASDAQ:AMD) shares fell 7.3% in pre-market trading after investors looked beyond another quarter of record revenue and stronger-than-expected guidance, focusing instead on weaker gross margins, rising capital expenditure and the loss of a major AI customer. The semiconductor company reported second-quarter 2026 revenue of $11.54 billion, a 50% increase from a year…
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SpaceX posts surging revenue in first results as public company, driven by Starlink and AI
SpaceX (NASDAQ:SPCX) almost doubled its revenue in its first quarterly earnings report since becoming a publicly traded company, as rapid expansion across its Starlink satellite network and artificial intelligence businesses fuelled growth. However, management also made clear that the company’s aggressive investment programme is set to continue. The Elon Musk-led group said it expects to…
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GM extends SAIC partnership with new 20-year agreement following China overhaul
General Motors (NYSE:GM) has renewed its joint venture with China’s SAIC Motor for another 20 years, marking a new chapter for the partnership after a major restructuring of its operations in the Chinese market that included factory closures and a streamlined vehicle lineup. The renewed agreement preserves the companies’ 50-50 ownership structure and places greater…
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Gold climbs above $4,200 as easing inflation concerns lift precious metals
Gold prices surged by more than 2% on Wednesday, with futures moving above the $4,200-an-ounce mark as optimism surrounding a potential agreement to reopen the Strait of Hormuz reduced inflation concerns and encouraged investors to lower expectations for additional Federal Reserve interest rate increases. At 02:07 ET (06:07 GMT), spot gold (XAU/USD) advanced 2.1% to…
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Oil prices remain under pressure as hopes grow for a U.S.-Iran agreement
Oil prices slipped again on Wednesday, marking a third consecutive day of declines as investors grew increasingly optimistic that the United States and Iran could reach an interim agreement to restore shipping through the Strait of Hormuz. At 02:56 ET (06:56 GMT), October Brent crude futures fell 0.5% to $79.00 a barrel, while September West…
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Middle East optimism lifts sentiment as SpaceX and AMD earnings dominate attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
US stock futures edged higher on Wednesday as investors reacted to renewed hopes of easing tensions in the Middle East, while corporate earnings from SpaceX (NASDAQ:SPCX), Advanced Micro Devices (NASDAQ:AMD) and Novo Nordisk (NYSE:NVO) drove significant pre-market trading. Although geopolitical developments supported overall market sentiment, investors also assessed company-specific news, particularly Elon Musk’s latest comments,…