Category: Latest News
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Regions Financial tops second-quarter forecasts as profit and lending improve (RF)
Regions Financial Corporation (NYSE:RF) reported second-quarter results on Friday that exceeded Wall Street expectations, supported by higher lending activity, stronger net interest income and record wealth management revenue. The bank’s shares were little changed in pre-market trading following the earnings announcement. Adjusted earnings came in at $0.68 per share, ahead of analysts’ consensus estimate of…
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Investors rotate within AI trade as slowing hyperscaler spending becomes a growing concern
Investors are beginning to rethink their artificial intelligence strategies as concerns grow that the rapid expansion in hyperscaler spending could lose momentum over the next few years, prompting some fund managers to reduce exposure to semiconductor stocks in favour of software companies and major cloud providers. AI infrastructure rally faces fresh scrutiny For much of…
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Chipotle makes its Mexico debut with first restaurant in Monterrey (CMG)
Chipotle (NYSE:CMG) officially entered the Mexican market on Thursday, opening its first restaurant in the country as the U.S. fast-casual chain looks to establish itself in the birthplace of tacos. First location opens in Monterrey The company’s debut restaurant welcomed customers in San Pedro Garza Garcia, an affluent suburb of Monterrey in the northern state…
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SpaceX shares fall after Starship test flight is called off before launch (SPCX)
SpaceX (NASDAQ:SPCX) shares declined around 4% in pre-market trading on Friday after the company halted the 13th test flight of its Starship rocket only minutes before its scheduled launch from Texas. Engine issue forces last-minute launch cancellation Chief Executive Elon Musk said the launch was automatically aborted after several of Starship’s engines failed to ignite…
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Netflix shares fall after weaker-than-expected third-quarter guidance disappoints investors (NFLX)
Netflix (NASDAQ:NFLX) shares dropped around 9% in pre-market trading on Friday after the streaming company issued third-quarter revenue and earnings guidance that came in below Wall Street forecasts, prompting renewed concerns about its near-term growth outlook. Third-quarter guidance falls short of expectations Netflix expects third-quarter earnings of $0.82 per share, below the analyst consensus of…
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Intuitive Surgical shares slide despite earnings beat as 2026 outlook underwhelms
Intuitive Surgical Inc. (NASDAQ:ISRG) shares fell sharply after the medical technology company released second-quarter results that topped Wall Street forecasts but issued a full-year procedure growth outlook that failed to meet investor expectations. The robotic surgery specialist reported adjusted earnings of $2.80 per share for the quarter, exceeding analyst estimates of $2.51 by $0.29. Revenue…
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Gold recovers slightly but remains on course for its weakest week since June
Gold prices moved modestly higher on Friday as investors returned to the market following the previous session’s sharp decline. Even so, the precious metal remained on track for its largest weekly loss since early June as escalating tensions between the United States and Iran continued to fuel inflation concerns. At 03:12 ET (07:12 GMT), spot…
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Oil prices hold steady but remain on course for strong weekly gains as U.S.-Iran conflict escalates
Oil prices traded modestly higher on Friday, with both major benchmarks set to record substantial weekly gains as escalating military action between the United States and Iran continued to raise concerns over potential supply disruptions in the Middle East. At 04:10 ET (08:10 GMT), Brent crude futures climbed 0.2% to $84.38 a barrel, while U.S.…
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U.S. futures weaken as Netflix guidance disappoints and Middle East tensions intensify: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures traded lower on Friday as investors remained cautious about the outlook for artificial intelligence spending while monitoring renewed military escalation between the United States and Iran. By 02:57 ET (06:57 GMT), Dow Jones futures had fallen 336 points, or 0.6%, S&P 500 futures were down 66 points, or 0.9%, and Nasdaq…
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Nasdaq Tumbles 1.5% as Chip Stocks Slide on AI Spending Worries, Dow Holds Steady
Wall Street closed lower on Thursday as a renewed sell-off in semiconductor stocks dragged the Nasdaq Composite down sharply, even as strong earnings from healthcare names helped keep the Dow Jones Industrial Average close to flat. Investors spent the session digesting a wave of second-quarter earnings while growing more cautious about the pace and cost…