Category: Latest News
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Genesco Tops Q1 Estimates, Maintains Full-Year Forecast Amid Solid Sales Momentum
Footwear retailer Genesco Inc. (NYSE:GCO) delivered stronger-than-expected first quarter results on Wednesday and reaffirmed its earnings outlook for the full fiscal year, prompting a modest premarket share gain of 0.89%. For the quarter ended May 3, Genesco reported an adjusted net loss of $2.05 per share – slightly narrower than the $2.10 per-share loss recorded…
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Sprinklr Shares Jump Nearly 10% as Q1 Earnings and Revenue Beat Expectations
Shares of Sprinklr Inc. (NYSE:CXM) surged 9.6% in premarket trading Wednesday after the customer experience software provider delivered stronger-than-anticipated results for the first quarter of its fiscal 2026. The company reported adjusted earnings of $0.12 per share for the quarter ended April 30, surpassing Wall Street’s consensus estimate of $0.10. Revenue climbed 5% year-over-year to…
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Tesla China Sees 15% Drop in May Shipments
Tesla (NASDAQ:TSLA) China shipments fell 15% year-over-year in May to 61,662 units, according to a preliminary report from the China Association of Automobile Manufacturers. Despite a year-over-year decline, the electric vehicle maker reported a 5.5 percent increase in sales compared to April. The report also highlighted an estimated growth in wholesale shipments of new energy vehicles.…
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Truth.Social Advances Bitcoin ETF Plans Amid Growing Crypto Involvement
Truth.Social, the media platform owned by former U.S. President Donald Trump, has taken a key step toward launching its own Bitcoin exchange-traded fund (ETF), according to a Tuesday filing with the New York Stock Exchange. NYSE Arca submitted a Form 19b-4 seeking regulatory approval to list the ETF, which would directly track the price of…
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Trump Raises Tariffs on Steel and Aluminum as Markets Weigh Trade Tensions, ADP Jobs Data, and Retail Earnings – What’s Moving The U.S. Markets
U.S. stock futures remained largely flat on Wednesday morning, as markets digested escalating trade tensions following President Donald Trump’s decision to significantly increase tariffs on steel and aluminum imports. The policy move comes amid broader uncertainty about global trade dynamics and investor anticipation of key economic data, including the ADP private payrolls report and retail…
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Nasdaq, S&P 500 Climb To Best Closing Levels In Over Three Months
After recovering from early weakness to end Monday’s session mostly higher, stocks saw further upside during trading on Tuesday. With the continued upward move, the Nasdaq and the S&P 500 reached their best closing levels in over three months. The major averages ended the day off their highs of the session but still firmly positive.…
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Kratos Shares Gain on Strategic Alliance with GE Aerospace for Next-Gen Propulsion
Kratos Defense & Security Solutions (NASDAQ:KTOS) saw its shares rise 1.6% after announcing a formal partnership with GE Aerospace (NYSE:GE) aimed at developing next-generation propulsion technologies for unmanned and collaborative combat aircraft systems. Building on an earlier Memorandum of Understanding, the new teaming agreement formalizes collaboration between the two companies to co-develop and produce cost-effective,…
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Kenvue Shares Drop Amid Sluggish Seasonal Sales and Retail Headwinds
Kenvue Inc. (NYSE:KVUE) saw its stock decline by 5.3% after CEO Thibaut Mongon shared a cautious outlook during the dbAccess Global Consumer Conference, citing underwhelming seasonal demand and retail de-stocking as key concerns. Mongon noted that the company’s allergy and sun care products have seen a weaker-than-expected performance so far this year, largely due to…
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Incyte Shares Jump After EHA Conference Accepts Key Research Presentations
Incyte Corporation (NASDAQ:INCY) saw its stock surge 7% after the company announced that multiple research presentations, including late-breaking clinical data, have been accepted for the upcoming European Hematology Association (EHA) Annual Congress. Among the highlights is a highly anticipated oral presentation revealing new findings on INCA033989, a monoclonal antibody targeting mutant calreticulin (mutCALR), in patients…
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Gilat Shares Rise After Securing $40M Deal for Advanced Satellite Platform
Gilat Satellite Networks Ltd. (NASDAQ:GILT) saw its shares climb 6.8% after the company announced a $40 million contract win for its next-generation SkyEdge IV platform. The deal, to be fulfilled over the next two years, marks a major milestone in Gilat’s transition toward virtualized satellite infrastructure and next-gen 5G Non-Terrestrial Networks (NTN). The SkyEdge IV…