Category: Latest News
-
Hims and Hers shares drop after revenue falls short amid GLP-1 scrutiny
Shares of Hims and Hers Health (NYSE:HIMS) slid 14% in premarket trading following the telehealth company’s announcement of second-quarter revenue that fell short of Wall Street expectations, amid increasing legal and regulatory scrutiny surrounding its compounded weight-loss drug offerings. Quarterly revenue rose to $544.8 million but missed the consensus forecast of $549.9 million. Investor concerns…
-
Oil Prices Stabilize After Sharp Declines Amid Demand Worries and OPEC+ Supply Increase
During Tuesday’s Asian session, oil prices remained largely unchanged, finding footing after recent steep drops sparked by concerns over rising output and weakening global demand as economic headwinds grow. Although fresh U.S. sanctions threats against buyers of Russian crude emerged, the market’s decline persisted, further pressured by a stronger U.S. dollar. As of 21:23 ET…
-
Gold Trades Flat After Rally, Investors Focus on Fed Cuts and Trade Risks
Gold prices held steady in early Tuesday trading, pausing after a strong multi-day run fueled by increasing bets on U.S. interest rate cuts and ongoing worries over global trade tensions. As of 01:00 ET (05:00 GMT), spot gold was little changed at $3,372.25 per ounce, while December futures hovered around $3,425.02, showing minimal movement. Weak…
-
Dollar Holds Firm After Jobs Data Slide as Focus Shifts to Fed Outlook
The U.S. dollar firmed slightly on Tuesday, stabilizing after suffering losses triggered by a weaker-than-expected jobs report. Investors are now focusing on the potential for multiple interest rate cuts by the Federal Reserve as signs of a slowing U.S. economy grow. By 04:15 ET (08:15 GMT), the Dollar Index, which tracks the greenback against a…
-
Dow Jones, S&P, Nasdaq, Wall Street Futures Edge Higher as Trump Warns India on Tariffs; Palantir Pops on Revenue Boost
U.S. stock futures advanced early Tuesday, signaling potential follow-through after a strong start to the week. Despite lingering doubts about the health of the labor market, optimism over corporate earnings and increased expectations of a near-term interest rate cut by the Federal Reserve are supporting risk appetite. Meanwhile, Donald Trump reignited trade tensions, this time…
-
Markets Rebound: S&P 500 Climbs on Renewed Hopes for Fed Rate Cuts, Tech Stocks Lead
U.S. equities advanced sharply on Monday, reversing steep losses from Friday as investor confidence grew around the prospect of an earlier interest rate cut from the Federal Reserve. Gains in major technology firms, buoyed by strong earnings, helped fuel the rally. By the close of trading at 4:00 p.m. ET, the Dow Jones Industrial Average…
-
U.S. Stocks Rally On Bargain Hunting, Interest Rate Cut Optimism
Stocks moved sharply higher early in the session on Monday and continued to turn in a strong performance throughout the day. With the upward move, the major averages offset a large chunk of the notable pullback seen over the two previous sessions. The major averages saw further upside going into the close, ending the day…
-
Spotify shares jump after announcing planned Premium subscription price hikes
Spotify Technology SA (NYSE:SPOT) saw its stock climb 5.4% following news that the company intends to increase prices for its Premium subscription service in several international markets. The streaming leader outlined plans to raise Premium subscription fees within the next month across regions such as South Asia, the Middle East, Africa, Europe, Latin America, and…
-
American Eagle shares jump after Trump’s social media shoutout
American Eagle Outfitters (NYSE:AEO) saw its stock surge up to 14% early Monday following a mention by former President Donald Trump on his social media platform, Truth Social. Trump highlighted actress Sydney Sweeney’s recent American Eagle commercial, praising it by saying the jeans she’s modeling are “flying off the shelves.” His remarks sparked a strong…
-
Boeing Faces Strike as Union Rejects Contract Offer, Shares Dip
Boeing (NYSE:BA) was hit by a strike Monday as approximately 3,200 machinists from IAM District 837 began walkouts after rejecting the company’s second contract proposal. According to Jefferies, the strike—which started at midnight CT on August 4—impacts about 2% of Boeing’s total workforce. The affected employees manufacture fighter jets, including the F-15 and F/A-18, as…