Category: Latest News
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Oracle Shares Fall 1.8% After Report Flags Potential Wisconsin AI Data Centre Delays
Oracle Corp. (NYSE:ORCL) shares fell 1.8% on Wednesday after infrastructure data provider Aterio reported that the company’s planned artificial intelligence data centre campus in Wisconsin could face delays related to its connection to the regional electricity grid. The reported delays have not been confirmed by Oracle. The company did not immediately respond to requests for…
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U.S. Private-Sector Employment Rises by 90,000 in September, Above Forecast
U.S. private-sector employment increased by more than expected in September, according to data released by payroll processor ADP on Wednesday. Private employers added 90,000 jobs during the month, exceeding economists’ forecast for an increase of 70,000. The latest figures also showed an acceleration in job creation compared with August. August Employment Growth Revised Lower ADP…
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U.S. GDP Growth Reaches 2.2%, Above 1.5% Forecast
The U.S. economy expanded at an annualised rate of 2.2% in the latest GDP estimate, exceeding economists’ forecast for growth of 1.5%. The latest figure was also slightly higher than the 2.1% growth recorded in the previous estimate, providing an updated measure of economic activity in the United States. Gross domestic product measures the inflation-adjusted…
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U.S. Core PCE Inflation Rises 0.2% in August, Below Forecast
U.S. core personal consumption expenditures inflation increased 0.2% month on month in August, coming in below economists’ expectations for a 0.3% rise. Data from the Bureau of Economic Analysis showed the core PCE price index, which excludes food and energy, accelerated from a 0.1% monthly increase in July. The latest reading provides another measure of…
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U.S. Wholesale Inventories Rise 0.7%, Above Forecast
U.S. wholesale inventories increased 0.7% in the latest reporting period, exceeding the forecast for a 0.5% rise but slowing from the 1.3% increase recorded in the previous month. The figures showed that wholesalers continued to accumulate inventories, although the pace of growth moderated compared with the prior period. The reported 0.7% increase was 0.2 percentage…
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U.S. Stock Futures Rise After PCE Inflation Comes in Below Expectations: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures pointed to a higher open on Wednesday after August inflation data showed consumer prices increased by less than economists had expected. The move in futures followed a Commerce Department report showing the personal consumption expenditures (PCE) price index increased 0.3% month on month in August, following a revised 0.1% rise in…
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Norwegian Cruise Line Shares Rise as Company Expects Third-Quarter Results Above Prior Forecast
Norwegian Cruise Line Holdings shares rose nearly 2% in pre-market trading on Wednesday after the cruise operator said it expects third-quarter results to exceed its previous forecast, supported by better-than-expected revenue performance. The company had previously forecast third-quarter adjusted earnings per share of $0.90 and adjusted EBITDA of $874 million when it provided guidance in…
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HSBC Upgrades Target to Buy and Raises Price Target to $190
Target (NYSE:TGT) was upgraded to Buy by HSBC, with analyst Joe Thomas raising his price target to $190 from $125 per share after the retailer’s second-quarter results showed higher comparable sales and customer traffic. Thomas said the latest results supported HSBC’s view that Target’s recovery was being driven by increased customer visits rather than higher…
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Jabil Shares Fall 4% Despite Fourth-Quarter Earnings Beat and Higher Fiscal 2027 Outlook
Jabil Inc. (NYSE:JBL) shares fell around 4% in pre-market trading on Wednesday despite the company reporting fourth-quarter earnings and revenue above analyst expectations and issuing fiscal 2027 guidance ahead of consensus forecasts. Adjusted earnings per share were $4.40, exceeding the consensus estimate of $4.06 by $0.34. Revenue reached $10.6 billion, above the analyst estimate of…
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Conagra Brands Shares Rise 3.2% After First-Quarter Earnings Beat
Conagra Brands, Inc. (NYSE:CAG) shares rose 3.15% in pre-market trading after the company reported first-quarter adjusted earnings above analyst expectations and reaffirmed its fiscal 2027 guidance. Adjusted earnings per share were $0.41, exceeding the consensus estimate of $0.28 by $0.13. Revenue totalled $2.6 billion, slightly above the analyst estimate of $2.59 billion, although sales declined…