Category: Latest News
-
Broadcom Selloff Points to Weak Start for Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures indicated a softer opening on Thursday, suggesting Wall Street could extend the previous session’s losses as investors react to a sharp decline in Broadcom shares and continue to monitor developments in the Middle East. Technology stocks appeared set to lead the retreat, with Nasdaq 100 futures falling 1.2% ahead of the opening…
-
Oil Prices Ease as Israel-Lebanon Ceasefire Tempers Market Concerns
Oil prices moved lower on Thursday, ending a three-day advance, as traders weighed developments in the Middle East against fresh evidence of tightening crude supplies in the United States. Brent crude, the international benchmark, fell 1.5% to $96.30 per barrel, while U.S. West Texas Intermediate (WTI) crude declined 1.2% to $94.84 per barrel. The retreat…
-
Gold Gains Ground as Middle East Ceasefire Eases Inflation Concerns and Weakens Dollar
Gold prices moved higher on Thursday, supported by a decline in oil prices and a softer U.S. dollar following renewed ceasefire efforts between Israel and Lebanon, while investors awaited key U.S. employment data for further clues on interest rate policy. By 06:23 ET (10:23 GMT), spot gold had advanced 0.7% to $4,465.24 per ounce, while…
-
PVH Shares Sink as Weaker Outlook Overshadows Better-Than-Expected First-Quarter Performance (PVH)
PVH Corp. (NYSE:PVH) came under heavy selling pressure in premarket trading on Thursday, with shares dropping around 22% after investors focused on a more cautious full-year outlook despite a solid first-quarter performance that met or exceeded market expectations. The owner of the Calvin Klein and Tommy Hilfiger brands reported first-quarter revenue of $2.03 billion, slightly…
-
Five Below Shares Drop Despite Earnings Beat and Raised Outlook (FIVE)
Five Below Inc. (NASDAQ:FIVE) came under pressure in premarket trading on Thursday, with shares falling around 12% despite reporting first-quarter results that comfortably exceeded Wall Street expectations and issuing upbeat guidance for the remainder of the year. The discount retailer delivered adjusted earnings per share of $2.22, outperforming analyst forecasts of $1.69. Revenue rose 32.5%…
-
CrowdStrike Shares Retreat Despite Strong ARR Growth, Higher Guidance and Stock Split (CRWD)
CrowdStrike (NASDAQ:CRWD) delivered better-than-expected results for the first quarter of fiscal 2027, driven by accelerating demand for AI-powered cybersecurity solutions. The company reported record growth in annual recurring revenue (ARR), strong cash generation and improved profitability, leading management to raise its outlook for the full year and approve a four-for-one stock split. Despite the strong…
-
Veeva Surpasses Forecasts and Raises Outlook as AI Strategy Gains Momentum (VEEV)
Veeva Systems Inc Class A (NYSE:VEEV) reported stronger-than-expected first-quarter results and lifted its outlook for the remainder of the fiscal year, highlighting continued growth across its software and services businesses as well as increasing traction in artificial intelligence initiatives. The life sciences software provider posted adjusted earnings per share of $2.24 for the quarter, exceeding…
-
TSMC Sees Strong Long-Term Growth as AI Demand Continues to Accelerate (TSM)
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) remains confident in its long-term growth trajectory, with Chief Executive C.C. Wei highlighting sustained demand for advanced computing infrastructure and cutting-edge semiconductors driven by the rapid expansion of artificial intelligence. Speaking at the company’s annual shareholder meeting on Thursday, Wei said customer sentiment toward AI-related spending remains highly positive, reinforcing…
-
Meta Pushes Back Developer Release of New AI Model Amid Ongoing Testing (META)
Meta Platforms (NASDAQ:META) has reportedly postponed the release of its latest artificial intelligence model to external developers several times, according to a report from The Wall Street Journal, raising questions about the timing of the company’s next major AI rollout. The report said the delay has now extended to nearly two months after Meta’s head…
-
Broadcom Shares Slide as Revenue Miss and AI Outlook Disappoint Investors (AVGO)
Broadcom (NASDAQ:AVGO) came under pressure in after-hours trading after reporting second-quarter results that fell slightly short of Wall Street expectations and maintaining its long-term artificial intelligence revenue targets rather than raising them. The semiconductor group reported second-quarter revenue of $22.19 billion, marginally below analysts’ consensus forecast of $22.27 billion. The results arrive as Broadcom continues…