Category: Latest News

Shares of Petco Health and Wellness Company (NASDAQ:WOOF) surged more than 16% in premarket trading Friday following the release of stronger-than-expected second-quarter results and an upgraded full-year outlook, even as sales showed a slight decline. The pet retailer reported adjusted earnings per share of $0.05 for its fiscal Q2, surpassing analyst expectations of $0.01. Revenue…

Ford Motor Company (NYSE:F) has initiated a recall of more than 105,000 Mustang vehicles in the U.S. after the National Highway Traffic Safety Administration (NHTSA) identified a safety concern. The agency stated on Friday that certain panels on the vehicles were not properly sealed, which could allow water to enter the car. This water intrusion…

Gap Inc (NYSE:GAP) reported Thursday that second-quarter revenue slightly missed analysts’ expectations, as weaker-than-expected performance in its Athleta brand weighed on results. The apparel retailer also highlighted the effect of higher U.S. tariffs. Shares of Gap declined more than 2% in premarket trading Friday. The company posted earnings per share of $0.57 on revenue of…

Dell Technologies (NYSE:DELL) saw its shares drop in premarket trading Friday after issuing cautious guidance for the current quarter, despite second-quarter results and a full-year outlook that exceeded analyst expectations, driven by rising enterprise investment in AI servers. As of 04:33 ET, Dell was down roughly 6% in premarket action. The company posted adjusted EPS…

Gold prices dipped slightly on Friday in Asian trading but remain on track for strong gains in August, driven by increasing expectations of a September interest rate cut from the Federal Reserve. The market is closely watching the upcoming U.S. personal consumption expenditures (PCE) price index, the Fed’s preferred inflation measure, for guidance on the…

Oil markets retreated in Asian trading on Friday after posting gains the previous day, as investors assessed weakening prospects for a Russia-Ukraine peace agreement and evaluated the impact of new U.S. tariffs on India. By 21:52 ET (01:52 GMT), October Brent futures were down 0.8% at $68.10 per barrel, while WTI futures fell 0.7% to…

U.S. stock futures edged lower on Friday as investors awaited the release of the Federal Reserve’s key inflation gauge. European inflation data is also due, while the Trump administration has ended the “de minimis” exemption on low-value imports. Focus on U.S. Inflation All eyes are on the U.S. personal consumption expenditures (PCE) price index, the…

The Sandbox, a French blockchain metaverse pioneer, has announced a drastic restructuring to address the sector’s declining relevance. According to Bravenewcoin, the company has laid off more than half of its global team, surpassing 250 cuts, and removed its founders Sébastien Borget and Arthur Madrid from operational roles. Control is now directly in the hands…

American Bitcoin, a cryptocurrency mining company founded in March, plans to go public on the Nasdaq in September. The company is 80% owned by Canada’s Hut 8 (NASDAQ:HUT), while Donald Trump Jr. and Eric Trump hold the remaining 20%, linking the business to one of the most influential political families in the US. American Bitcoin…

The US government has officially begun publishing economic data on public blockchains, including Bitcoin, Ethereum, and Solana. The Commerce Department’s announcement marks a historic step in bringing Gross Domestic Product (GDP) and other indicators into decentralized, globally accessible networks. The measure does not replace traditional disclosure, but it certainly expands data distribution channels and lends…