Category: Latest News
-
Kratos Shares Gain Following $400 Million U.S. Defense Funding Award (KTOS)
Kratos Defense & Security Solutions (NASDAQ:KTOS) moved higher after announcing that it had secured approximately $400 million in new funding from the U.S. Department of Defense to support hypersonic weapons programs and other national security initiatives. The defense contractor said the additional funding will strengthen several existing programs focused on advanced hypersonic technologies. Funding Expected…
-
IBM Preliminary Q2 Results Miss Expectations as Infrastructure Revenue Declines (IBM)
IBM (NYSE:IBM) released preliminary financial results for the second quarter of 2026, reporting revenue of $17.2 billion, up 1% from a year earlier but below the company’s expectations as weaker performance in its Infrastructure and Software divisions weighed on results. The company said lower-than-anticipated mainframe sales and delayed customer spending contributed to the softer quarter.…
-
Chipotle Opens First Restaurant in Mexico as Global Expansion Continues (CMG)
Chipotle Mexican Grill (NYSE:CMG) is preparing to open its first restaurant in Mexico this week, marking a major milestone in the company’s international growth strategy as it enters the country that inspired much of its menu. The restaurant chain, which operates more than 4,100 locations worldwide, described the launch as a significant step in its…
-
U.S. Inflation Cools Sharply as June CPI Falls More Than Forecast
Fresh inflation data from the United States showed a larger-than-expected decline in consumer prices during June, reinforcing signs that inflationary pressures may be easing more quickly than economists had anticipated. The latest Consumer Price Index (CPI), which tracks changes in the prices consumers pay for a broad basket of goods and services, fell by 0.4%…
-
Softer U.S. Inflation Data Points to Stronger Wall Street Open: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures moved higher on Tuesday, signalling a positive start to trading after the previous session’s broad-based sell-off, as investors welcomed inflation figures that came in weaker than expected. The latest Consumer Price Index (CPI) report eased concerns over persistent inflation and reduced fears that the Federal Reserve may need to tighten monetary…
-
Liberty Energy Shares Gain After Data Centre Infrastructure Partnership With SLB (LBRT)
Liberty Energy Inc. (NYSE:LBRT) shares rose around 3% in premarket trading on Tuesday after the company announced a strategic partnership with SLB (NYSE:SLB) to deliver power generation and infrastructure solutions for data centres worldwide. SLB shares also moved higher, gaining approximately 0.8% following the announcement. Alliance Targets Growing AI Infrastructure Demand The partnership brings together…
-
Citigroup Beats Second-Quarter Estimates as Trading and Investment Banking Drive Profit Growth (C)
Citigroup (NYSE:C) reported stronger-than-expected second-quarter results on Tuesday, with earnings and revenue both exceeding Wall Street forecasts as higher trading activity and a rebound in investment banking helped lift profit by 45%. Despite the earnings beat, Citigroup shares were down 1.23% in premarket trading. Earnings and Revenue Surpass Forecasts Citigroup posted earnings of $3.15 per…
-
Bank of America Beats Second-Quarter Forecasts as Profit and Revenue Climb (BAC)
Bank of America Corp. (NYSE:BAC) shares moved higher in premarket trading on Tuesday after the banking group reported second-quarter results that exceeded Wall Street expectations, supported by strong growth in investment banking, trading and net interest income. The lender posted higher earnings and revenue as business activity remained robust across its major operating divisions. Earnings…
-
Goldman Sachs Profit Soars as Trading and Dealmaking Fuel Strong Second Quarter (GS)
Goldman Sachs (NYSE:GS) reported a sharp increase in second-quarter profit as stronger investment banking activity and record equities trading revenue drove robust financial performance. The bank benefited from an active mergers and acquisitions market and heightened trading volumes as investors repositioned portfolios amid geopolitical tensions in the Middle East, rising oil prices and uncertainty surrounding…
-
JPMorgan Tops Second-Quarter Forecasts as Investment Banking and Trading Revenue Surge (JPM)
JPMorgan Chase & Co. (NYSE:JPM) reported second-quarter results that exceeded Wall Street expectations on Tuesday, although the bank’s shares moved lower in premarket trading despite the stronger-than-expected performance. The banking giant posted solid growth across its business lines, supported by higher investment banking fees, robust trading activity and continued momentum in consumer and wealth management…