Category: Latest News
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U.S. Private Employers Add More Jobs Than Expected in Sign of Labor Market Strength
The latest ADP National Employment Report pointed to stronger-than-anticipated hiring across the U.S. private sector, with employers adding 122,000 jobs in May and exceeding economists’ expectations. The result came in above the consensus forecast of 118,000 new positions, suggesting labor market conditions remain more resilient than many analysts had projected. Hiring Momentum Accelerates from Previous…
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Wall Street Futures Signal a Softer Start to Trading: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a slightly weaker opening on Wednesday, suggesting equities may pull back after posting modest gains over the last several sessions. Investor sentiment remains cautious as uncertainty surrounding the Middle East continues to linger, with diplomatic efforts between the United States and Iran showing little sign of a breakthrough. Geopolitical Tensions…
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Gold Slips as Rising Oil Prices and Inflation Concerns Temper Safe-Haven Demand
Gold prices moved lower on Wednesday as escalating tensions in the Middle East pushed oil prices higher, reinforcing concerns that inflationary pressures could remain elevated and delay potential interest-rate cuts from major central banks. By 05:42 ET (09:42 GMT), spot gold had fallen 1.0% to $4,444.86 per ounce, while U.S. gold futures were also down…
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Oil Extends Rally as Middle East Tensions Escalate and U.S.-Iran Talks Lose Momentum
Oil prices moved higher on Wednesday, supported by renewed geopolitical tensions in the Middle East and signs that diplomatic efforts between the United States and Iran have stalled. Additional support came from industry data pointing to a larger-than-expected drawdown in U.S. crude stockpiles. By 05:05 ET (09:05 GMT), Brent crude futures for August delivery had…
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Macquarie Sees World Cup Boost Driving Betting Growth, Favors Flutter Entertainment (FLUT)
Flutter Entertainment (NYSE:FLUT) stands out as one of the biggest potential beneficiaries of the 2026 FIFA World Cup, according to Macquarie, which expects the expanded tournament to generate a substantial increase in global sports betting activity and provide a meaningful earnings tailwind for leading operators. The investment bank estimates that betting volumes tied to the…
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Ulta Beauty Tops Expectations and Raises Earnings Outlook as Sales Momentum Continues (ULTA)
Ulta Beauty (NASDAQ:ULTA) delivered stronger-than-expected first-quarter results, surpassing analyst forecasts on both earnings and revenue while lifting its full-year profit guidance. The upbeat performance helped support investor sentiment, with shares rising around 1% in premarket trading on Wednesday. The beauty retailer benefited from solid demand across its product categories and sales channels, alongside contributions from…
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GitLab Shares Slide Despite Strong Results, Higher Profit Forecast and Restructuring Plans (GTLB)
GitLab (NASDAQ:GTLB) delivered stronger-than-expected first-quarter results for fiscal 2027, posting robust revenue growth and raising its full-year adjusted earnings outlook. However, investor sentiment remained cautious, sending the stock lower in premarket trading as the company outlined workforce reductions and issued guidance that pointed to slower revenue growth ahead. Class A shares were down roughly 5%…
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Meta Fails to Overturn EU Gatekeeper Status for Messenger as Court Delivers Mixed Ruling (META)
Meta Platforms (NASDAQ:META) has lost its bid to challenge the European Union’s decision to classify its Messenger service as a gatekeeper under the Digital Markets Act (DMA), after a ruling by the EU’s General Court in Luxembourg. The judgment reinforces regulatory obligations imposed on the messaging platform and marks another setback for Meta in its…
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Ford Recalls Nearly 420,000 U.S. Vehicles Over Seat Belt Defect (F)
Ford Motor (NYSE:F) is recalling nearly 420,000 vehicles in the United States after identifying a seat belt issue that could prevent the restraint system from functioning properly during a collision, according to the National Highway Traffic Safety Administration (NHTSA). The recall covers 419,967 vehicles and addresses a defect that may affect the performance of seat…
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Microsoft Unveils AI-Centric Computing Vision with New Devices, Models and Enterprise Tools (MSFT)
Microsoft (NASDAQ:MSFT) used its annual Build developer conference to outline an expansive artificial intelligence strategy, introducing new hardware, software and AI capabilities designed to accelerate the shift toward agent-driven computing. At the event in San Francisco, the technology giant presented a range of initiatives spanning AI-powered workplace assistants, next-generation computing devices, proprietary AI models and…