Category: Latest News
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US Stock Futures Edge Higher as Sharp Oil Price Drop Supports Sentiment: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures pointed to a modestly higher opening on Thursday, with a sharp retreat in crude oil prices providing support after a mixed Wall Street session. Falling energy prices helped ease some recent inflation concerns, although weakness in Cisco Systems (NASDAQ:CSCO) following its earnings report could limit gains in the technology sector. Crude oil…
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US Jobless Claims Rise to 209,000, Exceeding Market Forecasts
The number of Americans filing for unemployment benefits for the first time increased more than expected in the latest week, offering a potentially softer signal from the U.S. labour market. Initial jobless claims rose to 209,000, exceeding economists’ forecast of 202,000 and climbing from 200,000 in the previous week. Initial jobless claims exceed expectations New…
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US Producer Prices Remain Flat as PPI Falls Short of Forecasts
U.S. producer prices were unchanged in the latest reporting period, coming in below economists’ expectations and providing a fresh indication that inflationary pressures at the wholesale level may be easing. The Producer Price Index (PPI) registered a monthly reading of 0.0%, compared with forecasts for a 0.2% increase. PPI comes in below expectations The latest…
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Dell, HP and HPE Shares Rise After Lenovo Delivers Strong Quarterly Growth
Dell Technologies (NYSE:DELL), HP Inc. (NYSE:HPQ) and Hewlett Packard Enterprise (NYSE:HPE) shares moved sharply higher in Thursday premarket trading after strong quarterly results from Lenovo (USOTC:LNVGY) boosted sentiment across the computer hardware and enterprise technology sector. Dell gained 4%, HP jumped 6.5% and HPE advanced 3.5% as Lenovo reported stronger-than-expected revenue growth, including a near…
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X-energy Shares Rise as Q2 Revenue Jumps 154% on Reactor Development Progress
X-energy, Inc. (NASDAQ:XE) shares gained 2% following its second-quarter earnings report after the advanced nuclear technology company delivered a sharp increase in revenue as development work on its Xe-100 reactor accelerated. Quarterly revenue climbed 154% year over year, although the company continued to report a loss as investment and project activity expanded. Second-quarter revenue more…
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YETI Raises 2026 Earnings Outlook After Strong Q2 Profit Beat
YETI Holdings (NYSE:YETI) delivered second-quarter earnings above Wall Street expectations and raised its full-year 2026 adjusted EPS forecast, supported by stronger margins and continued international expansion. Despite the improved earnings outlook, shares slipped 1.65% in premarket trading following the announcement. Second-quarter earnings exceed expectations YETI reported adjusted earnings of $0.67 per share for the quarter…
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JD.com Shares Slip Despite Q2 Earnings and Revenue Beat
JD.com (NASDAQ:JD) shares fell around 2% in U.S. premarket trading on Thursday despite the Chinese e-commerce group reporting second-quarter earnings and revenue above analyst expectations. Results were supported by an extended sales period for the annual 618 shopping festival, while improving profitability across the company’s core retail and food delivery operations helped strengthen the bottom…
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Applied Industrial Technologies Shares Rise 4% as Q4 Earnings and Revenue Beat Forecasts
Applied Industrial Technologies (NYSE:AIT) shares gained 4% in Thursday premarket trading after the industrial products distributor delivered fourth-quarter earnings and revenue above Wall Street expectations. Strong organic growth across both of its main segments helped the company achieve record quarterly sales, EBITDA and earnings per share as demand conditions continued to improve. Fourth-quarter earnings comfortably…
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Wolverine World Wide Shares Jump 8% as Q2 Beat Prompts Higher 2026 Outlook
Wolverine World Wide Inc. (NYSE:WWW) shares climbed 8% in Thursday premarket trading after the footwear and apparel company reported second-quarter earnings and revenue above Wall Street expectations and raised its full-year 2026 guidance. Strong performances from Merrell and Saucony helped drive growth, while improvements in operating margin, inventory and debt provided further support. Wolverine beats…
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Tapestry Shares Slide as Softer FY27 Revenue Outlook Overshadows Q4 Beat
Tapestry, Inc. (NYSE:TPR) shares fell 8.9% in premarket trading after the accessories group delivered stronger-than-expected fourth-quarter earnings and revenue but issued a fiscal 2027 sales outlook that came in slightly below Wall Street forecasts. Strong growth at Coach helped drive the quarterly beat, although investors appeared more focused on the company’s expectations for the year…