Category: Latest News
-
Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Stocks Eye Rebound as Inflation Data Meets Forecasts
U.S. stock futures signaled a potential recovery Friday after several sessions of declines, with investors showing interest in purchasing equities at lower levels. Recent dips had reflected concerns over elevated valuations and uncertainty surrounding the artificial intelligence sector. Futures gained momentum following the release of August’s consumer price data from the Commerce Department, which came…
-
PACCAR shares surge on Trump’s heavy truck tariff announcement
PACCAR Inc (NASDAQ:PCAR) saw its stock climb 6% Friday morning following U.S. President Donald Trump’s decision to impose a 25% tariff on imported heavy-duty trucks, a move expected to favor domestic producers. The new tariffs, scheduled to take effect on October 1, 2025, are part of a broader package of duties that has unsettled automotive…
-
Iris Energy shares drop following JPMorgan downgrade with $24 target
Iris Energy (NASDAQ:IREN) saw its stock decline 7% in pre-market trading after JPMorgan analyst Reginald Smith lowered his rating on the bitcoin mining infrastructure firm from Neutral to Underweight. The downgrade carries a price target of $24.00, a steep fall from Thursday’s close of $46.29, reflecting JPMorgan’s cautious view on the company’s valuation in the…
-
Boeing lands major jet deals with Turkish Airlines and Norwegian Air
Boeing (NYSE:BA) announced fresh momentum on Friday after securing large aircraft orders from Turkish Airlines and Norwegian Air Shuttle, helping strengthen the U.S. planemaker’s recovery efforts. The stock was up 0.5% in premarket trading. Turkish Airlines, officially Turk Hava Yollari, confirmed a record commitment for as many as 75 787 Dreamliners, its largest purchase of…
-
Novartis downplays effect of new U.S. pharmaceutical tariff
Novartis (NYSE:NVS), the Swiss pharmaceutical leader, said on Friday that the newly introduced 100% U.S. tariff on branded drugs “should have no impact” on its business. The company emphasized that its $23 billion investment in American infrastructure, along with the rollout of new production sites across the country, helps shield operations from potential consequences of…
-
Novo Nordisk CEO raises doubts over Trump’s drug tariffs and EU-US trade pact
Mike Doustdar, CEO of Novo Nordisk (NYSE:NVO), voiced concerns on Friday about how President Donald Trump’s decision to introduce 100% tariffs on imported branded pharmaceuticals fits within the framework of trade agreements between the European Union and the United States. Doustdar said the connection between the latest U.S. tariff measures and the EU-US deal has…
-
Strategist Predicts ‘Monster’ Q4 Rally Could Push S&P 500 to 7100 by Year-End
The Stock Traders Almanac is forecasting what it calls a “monster Q4 rally,” projecting that the S&P 500 could climb to 7100 before 2025 comes to a close. In its October market outlook, the group said the bearish seasonal patterns that usually weigh on equities have not emerged this year, leaving room for a strong…
-
Intel Gains in Premarket as U.S. Considers Cutting Dependence on Imported Chips
Intel (NASDAQ:INTC) and GlobalFoundries (NASDAQ:GFS) shares climbed in early U.S. trading on Friday, following a Wall Street Journal report that the Trump administration is exploring ways to reduce American dependence on imported semiconductors by encouraging domestic production. Ahead of the market open, Intel was up about 2.9%, while GlobalFoundries surged more than 5%. In contrast,…
-
Tesla Set to Surpass Q3 Delivery Estimates on Strong U.S. and China Demand, Says RBC
Tesla (NASDAQ:TSLA) is projected to exceed market expectations for third-quarter deliveries, driven by robust sales in both the United States and China, according to RBC Capital Markets. RBC forecasts 456,000 deliveries for Q3, above consensus estimates of 440,000 from Visible Alpha and 448,000 from FactSet. This follows Q2’s 384,000 deliveries and reflects a likely boost…
-
Costco Tops Earnings and Revenue Estimates as Lower Prices Drive Shopper Traffic
Shares of Costco (NASDAQ:COST) dipped slightly on Friday, despite the warehouse club reporting quarterly results that surpassed Wall Street expectations. For the fiscal fourth quarter, the retailer posted earnings of $5.87 per share, beating analysts’ forecast of $5.81, supported by steady customer traffic and strong sales that offset rising costs. Revenue came in at $86.16…