Category: Latest News

General Mills (NYSE: GIS) has issued a cautionary forecast for its current fiscal year, highlighting weak category sales growth and a decline in income as the company navigates challenges from tariff-related cost pressures. The packaged foods leader, known for brands like Cheerios and Chex, is feeling the impact of consumers tightening their budgets amid ongoing…

AST SpaceMobile (NASDAQ:ASTS) shares declined by 7.75% after the company revealed plans to repurchase $225 million of its convertible notes due 2032 and to raise funds through a registered direct offering of common stock. The company will buy back $225 million of its 4.25% convertible notes maturing in 2032 via private deals with select noteholders.…

Shares of Precision BioSciences, Inc. (NASDAQ:DTIL) jumped 17% on Wednesday after the company announced that its gene therapy candidate, PBGENE-DMD, received the Rare Pediatric Disease Designation from the U.S. Food and Drug Administration (FDA). This special designation recognizes the urgent need for innovative treatments for Duchenne muscular dystrophy (DMD), a rare genetic condition that primarily…

Winnebago Industries (NYSE:WGO) delivered weaker-than-expected financial results for its fiscal third quarter of 2025, underscoring the ongoing strain the recreational vehicle market is facing amid broader economic uncertainty. Following the report, the company’s shares dipped slightly by 0.03% in premarket trading Wednesday. The RV manufacturer posted adjusted earnings of $0.81 per share, missing Wall Street’s…

In Asian markets on Wednesday, gold prices edged up modestly, bouncing back after a steep drop the day before. The recent easing of geopolitical tensions between Israel and Iran, combined with a weaker U.S. dollar, provided some support, although renewed investor risk appetite limited gains. Gold had fallen more than 1% on Tuesday following President…

BlackBerry Ltd (NYSE:BB) kicked off fiscal 2026 with impressive first-quarter results that surpassed analyst expectations, sparking an 8% gain in premarket trading on Wednesday. The Canadian tech company demonstrated strong momentum across its key business units, notably its QNX automotive software and Secure Communications segments. The company reported total revenue of $121.7 million, exceeding the…

The U.S. dollar made modest gains early Wednesday but stayed close to multi-week lows amid easing geopolitical tensions in the Middle East, which reduced demand for the currency’s safe-haven status. By 08:20 GMT, the Dollar Index inched up 0.2% to 97.665. Markets Await Powell’s Second Appearance The dollar’s recent upward momentum weakened after President Donald…

FedEx (NYSE:FDX) saw its shares fall over 5% in early trading on Wednesday after the logistics powerhouse issued a profit forecast for the current quarter that fell short of market expectations. Alongside competitor United Parcel Service (NYSE:UPS), FedEx’s performance is being closely watched as an indicator of broader economic trends. Heightened uncertainty linked to President…

U.S. stock futures were little changed early Wednesday as investors weighed a tentative ceasefire between Israel and Iran, cautious signals from Federal Reserve Chair Jerome Powell, and a mixed outlook from FedEx. Muted Market Movement Stock futures hovered near flat ahead of the market open. By 03:40 ET, Dow futures edged up 33 points (0.1%),…