Category: Latest News
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Bank of America Sees Bright Future for Netflix, Boosts Price Target
Bank of America (BofA) has reaffirmed its optimistic stance on Netflix (NASDAQ:NFLX), raising its price target for the streaming giant to $1,490 from a previous $1,175 in a note issued to investors on Friday. Analysts at the firm emphasized Netflix’s market leadership, continued subscriber gains, and growing momentum in advertising and live content as key…
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U.S. Consumer Prices Up Slightly In April
Consumer prices in the U.S. crept slightly higher in the month of April, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in April after coming in unchanged in March. The uptick matched economist estimates.…
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Dow Jones, S&P, Nasdaq, Trump Accuses China Of Violating Trade Deal, Sending Futures Lower
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open for the markets on Friday, with stocks likely to give back ground after ending yesterday’s choppy session moderately higher. The futures came under pressure after President Donald Trump accused China of violating the trade agreement reached…
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Shoe Carnival Shares Jump Over 11% After Beating Q1 Earnings Expectations
Shoe Carnival Inc. (NASDAQ:SCVL) saw its stock surge more than 11% in premarket trading Friday after the company delivered stronger-than-expected earnings for the first quarter, even as total revenue declined. The footwear retailer reported earnings per share of $0.34 for the quarter, topping Wall Street’s estimate of $0.30. Revenue came in at $277.7 million, down…
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Palantir Stock Rises on Deepening Federal Ties, Despite Mounting Privacy Scrutiny
Palantir Technologies Inc. (NASDAQ:PLTR) saw its shares rise 0.8% in premarket trading following a report by The New York Times highlighting the company’s growing role in federal data initiatives under the Trump administration. The report disclosed that Palantir has been tapped to take a leading role in executing a new executive order aimed at enhancing…
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Summit Therapeutics Shares Slip Following Mixed Results from Lung Cancer Trial
Summit Therapeutics Inc. (NASDAQ:SMMT) saw its stock decline by 3.5% today after releasing topline results from its Phase III HARMONi clinical trial. The study examined the effectiveness of ivonescimab when combined with chemotherapy in treating patients with EGFR-mutated non-small cell lung cancer who had progressed after prior treatment with third-generation EGFR tyrosine kinase inhibitors. The…
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Trump Claims China Breached Trade Deal, Questions Past Conciliatory Approach
Former U.S. President Donald Trump criticized China’s recent trade actions in a post on Truth Social Friday, asserting that Beijing had broken the terms of a prior agreement made during his presidency. Trump claimed his administration’s imposition of steep tariffs had placed intense economic pressure on China, making it increasingly difficult for the country to…
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Dell revises upward its full-year profit forecast as demand for AI servers surges; shares gain
Shares of Dell Technologies (NYSE:DELL) climbed nearly 2% in early trading Friday following the company’s decision to raise its full-year earnings guidance, despite mixed financial results for the first quarter impacted by tariff-related demand challenges. In Q1, Dell reported adjusted earnings per share (EPS) of $1.55 on revenues of $23.38 billion, falling short of the…
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Costco Reports Strong Q3 Earnings as Inflation Concerns Drive Bulk Buying
Costco (NASDAQ:COST) exceeded expectations with its fiscal third-quarter results announced Thursday, fueled by consumers stocking up amid inflation worries and potential tariff-driven price increases. Following the earnings release, Costco shares traded relatively flat in U.S. premarket trading on Friday. For the 12-week period ending May 11, the members-only warehouse club reported diluted earnings per share…
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Marvell Reports Record Q1 Revenue, Shares Slip Despite Meeting Expectations
Marvell Technology Inc (NASDAQ:MRVL) achieved record first-quarter revenue for fiscal 2026, but shares fell nearly 4% in premarket trading after results came in line with analyst forecasts. The company posted net revenue of $1.895 billion, representing a 63% year-over-year increase, slightly surpassing the $1.88 billion consensus and exceeding the midpoint of prior guidance by $20…