Category: Latest News
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Apple iPhone 17 Air Could Signal Strategic Shift, Says Evercore
Apple’s (NASDAQ:AAPL) upcoming iPhone 17 lineup may represent more than just an annual refresh, with Evercore ISI suggesting it could mark the beginning of a longer-term pivot in the company’s flagship product strategy. At its September 9 “awe dropping” event, Apple is expected to introduce four models: the Base, Pro, Pro Max, and an all-new…
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Dow Jones, S&P 500, and Nasdaq Futures Rise as Weak Jobs Data Boosts Expectations for Fed Rate Cut
Dow Jones, S&P 500, and Nasdaq futures are currently pointing to a higher open on Friday, with stocks likely to see further upside following the notable advance seen in the previous session. The futures advanced following the release of a closely watched Labor Department report showing employment in the U.S. rose by much less than…
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US Jobs Growth Slows Sharply In August As Payrolls Miss Forecasts And Unemployment Rises To 4.3%
Employment in the U.S. rose by much less than expected in the month of August, the Labor Department revealed in a closely watched report released on Friday. The report said non-farm payroll employment crept up by 22,000 jobs in August after climbing by an upwardly revised 79,000 jobs in July. Economists had expected employment to…
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From Tariffs to Tech: Barclays Sees U.S. Earnings Beat, but Growth Concentrated
U.S. firms posted stronger-than-expected results in Q2, though growth remained concentrated in a handful of sectors, Barclays reported. The bank noted earnings climbed 10.6% year-on-year, with sales up 6.1%. A larger-than-usual share of companies exceeded analyst expectations, but misses were penalized heavily, with Barclays observing that “the reaction to misses was among the most extreme…
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Goldman Sachs: CTAs at full capacity in U.S. stocks, downside pressures rising
According to Goldman Sachs, trend-following funds, often referred to as CTAs, added $12.6 billion in U.S. equities during August, bringing their exposure to the highest historical level. The bank’s market flow analysts highlight that these investors are now “maxed out” on their positions. While this does not directly create selling pressure, it implies that support…
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Dollar Retreats as Bond Markets Calm Ahead of Key U.S. Jobs Report
The U.S. dollar weakened on Friday against major currencies, trimming its weekly gains as bond markets stabilized and investors awaited the release of critical employment data that could strengthen expectations for a Federal Reserve interest rate cut. Thursday’s report showing higher-than-forecast jobless claims in the U.S. set the stage for the upcoming nonfarm payrolls data.…
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Duluth Holdings Posts Strong Q2 2025 Recovery
Duluth Holdings Inc. (NASDAQ:DLTH), which operates as Duluth Trading Company, reported a notable rebound in its second-quarter 2025 results, highlighting a return to profitability. The lifestyle brand, known for its men’s and women’s workwear, casual apparel, and outdoor gear, posted a net income of $1.3 million for Q2, reversing a net loss of $2.0 million…
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Lululemon Shares Plunge as Weak U.S. Performance Prompts Full-Year Guidance Cut
Lululemon Athletica Inc (NASDAQ:LULU) saw its shares drop more than 17% in premarket trading Friday after the athletic apparel retailer trimmed its full-year outlook, overshadowing a second-quarter earnings beat. For the quarter ending July 28, Lululemon reported earnings of $3.10 per share, surpassing analysts’ consensus of $2.87. Revenue came in at $2.53 billion, slightly below…
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DocuSign Shares Surge After Strong Q2 and Upgraded FY2026 Outlook
DocuSign Inc (NASDAQ:DOCU) shares jumped over 8% in premarket trading Friday following the release of stronger-than-expected second-quarter results and an optimistic full-year revenue forecast. The rally reflects investor confidence in the company’s solid core performance and growing adoption of its AI-enhanced Intelligent Agreement Management (IAM) platform. For the fiscal second quarter ending July 31, DocuSign…
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Cartiga to Go Public Through Merger with Alchemy Investments Acquisition Corp 1
Cartiga, LLC, a technology-driven asset management platform specializing in litigation finance, is set to go public through a business combination with Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY), a publicly traded special purpose acquisition company (SPAC). The agreement has been unanimously approved by the boards of both companies and is subject to customary closing conditions. The…