Category: Latest News
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Newmont Considers Workforce Reductions Amid Major Cost-Cutting Drive
Gold mining leader Newmont Corp (NYSE:NEM) is reportedly preparing for significant layoffs as part of a broad effort to reduce costs, according to Bloomberg News. The company, the world’s largest gold producer, is reviewing ways to streamline expenses following its $15 billion acquisition of Newcrest Mining Ltd. in 2023. Bloomberg reports that Newmont has directed…
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Foot Locker Shares Drop After Q2 Earnings Fall Short of Expectations
Foot Locker, Inc. (NYSE:FL) saw its stock decline on Wednesday after the company reported second-quarter results that fell below analyst forecasts, as weaker performance in its international and WSS segments offset gains in North America. Shares fell 2.42% in pre-market trading following the announcement. The retailer posted a non-GAAP loss of $0.27 per share, missing…
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Zhihu Shares Jump Over 2% as Company Returns to Profit in Q2
Zhihu Inc. (NYSE:ZH), a prominent Chinese online content community, posted a significant financial turnaround in the second quarter of 2025, swinging to profitability thanks to efficiency measures and AI integration. Following the announcement, Zhihu’s stock rose 2.59% in pre-market trading. The company reported a net income of RMB72.5 million (US$10.1 million) for Q2, compared with…
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nCino Shares Surge on Q2 Beat and Raised Full-Year Outlook
Shares of cloud banking software provider nCino (NASDAQ:NCNO) jumped more than 11% in premarket trading Wednesday after the company posted stronger-than-expected second-quarter results and raised its guidance for the full year. The Wilmington, N.C.-based company reported adjusted earnings of $0.22 per share, surpassing analyst estimates by $0.08. Revenue rose 12% year-over-year to $148.8 million, topping…
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Okta Shares Surge on Strong Q2 and Raised Revenue Forecast
Okta Inc. (NASDAQ:OKTA) exceeded Wall Street expectations for its second-quarter earnings and revenue on Tuesday, also issuing an optimistic full-year outlook. Shares of the identity management company jumped over 5% in premarket trading Wednesday. The company reported earnings of $0.91 per share, surpassing analysts’ projections of $0.84. Revenue climbed to $728 million, above forecasts of…
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Amer Sports Shares Rise Following HSBC Upgrade
Amer Sports (NYSE:AS) saw its shares climb 1.7% in premarket trading after HSBC upgraded the stock from Hold to Buy, highlighting strong sales growth prospects and potential margin expansion thanks to the company’s strategically positioned portfolio. HSBC also raised its price target from $38 to $50, reflecting higher earnings projections, with the bank’s EBIT forecasts…
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Box Shares Rise After AI-Powered Q2 Beat-and-Raise
Box Inc (NYSE:BOX) shares climbed on Tuesday following the company’s release of fiscal second-quarter results that surpassed market expectations, coupled with an upward revision of its annual revenue guidance. Investors responded positively, signaling confidence in Box’s AI-focused content platform strategy. Shares rose nearly 3% in premarket trading Wednesday after Box reported adjusted earnings per share…
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Dow Jones, S&P, Nasdaq, Wall Street Futures Signal Flat Start as Traders Await Nvidia Earnings
U.S. stock index futures were little changed early Wednesday, suggesting a muted open as investors hesitate to take strong positions ahead of Nvidia’s (NASDAQ:NVDA) highly anticipated quarterly report. The chipmaker, a leader in AI and market momentum, is set to post its second-quarter results after today’s closing bell. Shares were up 0.5% in pre-market trading,…
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Lockheed Martin explores Rheinmetall tie-up for missile production in Germany
Lockheed Martin (NYSE:LMT), one of the largest U.S. defense contractors, is reportedly in discussions with German arms manufacturer Rheinmetall (TG:RHM) about producing missiles on German soil. The collaboration would cover systems such as ATACMS long-range tactical missiles and Hellfire air-to-surface weapons. “We are already actively discussing additional manufacturing – including for ATACMS and Hellfire missiles,”…
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Nvidia Earnings Poised to Trigger $270 Billion Swing, Options Show
Nvidia (NASDAQ:NVDA) is set to release results after Wednesday’s close, and the stakes could not be higher. Options markets are pointing to a massive move that could reshape not just Nvidia’s stock but the broader AI trade and equity sentiment. Current contracts are pricing in a 6.1% swing in either direction, equivalent to a jaw-dropping…