Category: Latest News
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U.S. Stocks Move Notably Higher As Jobs Data Adds To Rate Cut Hopes
Stocks moved notably higher over the course of the trading day on Thursday, with the major averages all showing strong moves to the upside after showing a lack of direction early in the session. With the upward move, the S&P 500 ended the day at a new record closing high. The major averages finished the…
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Tesla Sees UK Sales Boost in August as EV Market Expands
Tesla (NASDAQ:TSLA) experienced a 7.63% increase in new-car sales in the United Kingdom in August compared with the same month last year, according to Thursday data from the Society of Motor Manufacturers and Traders (SMMT). The growth in Tesla registrations came alongside a broader 15% rise in battery electric vehicle (BEV) sales during the month,…
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General Motors Reduces EV Production at Tennessee Factory
General Motors (NYSE:GM) is scaling back production at its key electric vehicle plant in Spring Hill, Tennessee, amid a broader slowdown in the EV sector following changes to federal incentives for green vehicles under President Donald Trump’s administration. The automaker plans to pause production of two electric Cadillac SUVs—the midsize Lyriq and the larger Vistiq—during…
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Agios Pharmaceuticals Shares Drop After FDA Extends Thalassemia Drug Review
Agios Pharmaceuticals (NASDAQ:AGIO) stock fell 20% after the U.S. Food and Drug Administration extended the review period for its thalassemia treatment by three months. The FDA pushed back the Prescription Drug User Fee Act (PDUFA) target date for PYRUKYND (mitapivat) from September 7, 2025, to December 7, 2025, the company said. The delay follows Agios’…
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SAIC Shares Drop as Revenue Outlook Falls Short Despite Earnings Beat
Science Applications International Corporation (NASDAQ:SAIC) shares declined 9.7% on Thursday after the technology integrator posted mixed second-quarter results, with earnings exceeding expectations but revenue missing forecasts. The company also lowered its full-year revenue guidance amid a challenging business environment. The defense and government services provider reported adjusted earnings of $3.63 per share for Q2, well…
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America’s Car-Mart Shares Fall as Q1 Loss Widens and Revenue Misses Estimates
America’s Car-Mart (NASDAQ:CRMT) shares fell 12.6% Thursday after the used car retailer reported a first-quarter loss wider than expected and revenue below analyst forecasts, despite improvements in its credit portfolio quality. The company posted a loss of $0.69 per share for its fiscal first quarter, sharply below the $0.83 per share profit analysts had anticipated.…
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Wiley Beats Q1 Expectations, Reaffirms Strong FY2026 Guidance
John Wiley & Sons, Inc. (NYSE:WLY) reported first-quarter adjusted earnings per share of $0.49, well above analyst expectations of $0.32, while revenue reached $397 million, surpassing the consensus estimate of $375 million. The company reaffirmed its full-year guidance as it continues to expand its AI licensing initiatives. Overall first-quarter revenue dipped slightly from $404 million…
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Endava Shares Plunge 20% as 2026 Outlook Falls Short of Expectations
Endava Ltd (NYSE:DAVA) saw its shares tumble more than 20% in premarket trading Thursday after the software company’s guidance for the current quarter and full fiscal 2026 fell below analyst expectations. The company reported fiscal Q4 2025 earnings per share (EPS) of £0.24, slightly above the analyst consensus of £0.23. Revenue for the quarter came…
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Lumen Technologies Shares Climb After Partnership with Palantir
Lumen Technologies (NYSE:LUMN) stock rose 5% in premarket trading Thursday following the announcement of a collaboration with Palantir Technologies (NYSE:PLTR) aimed at accelerating the company’s business transformation. The partnership will integrate Palantir’s Foundry and Artificial Intelligence Platform (AIP) across Lumen’s operations, finance, and technology functions as the company transitions from a traditional telecom provider to…
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Ciena Shares Jump as AI Demand Drives Strong Q3 Earnings Beat
Ciena Corporation (NYSE:CIEN) reported fiscal third-quarter earnings that significantly surpassed analyst expectations, fueled by accelerating demand for high-speed connectivity solutions supporting artificial intelligence infrastructure. The networking systems provider’s shares jumped 13% in premarket trading following the announcement. The company posted adjusted earnings per share of $0.67 for the quarter ended August 2, 2025, well above…