Category: Latest News
-
FactSet shares slip despite third-quarter earnings beat as outlook disappoints (FDS)
Revenue and earnings top forecasts FactSet Research Systems Inc. (NYSE:FDS) reported better-than-expected third-quarter fiscal 2026 results on Wednesday, but the company’s full-year earnings outlook failed to impress investors, sending the stock lower in pre-market trading. Shares fell nearly 3% after the financial data and AI solutions provider reaffirmed guidance that came in below Wall Street…
-
BYD poised to retake global EV sales crown from Tesla (TSLA)
Chinese automaker widens lead in second-quarter electric vehicle deliveries BYD Co. (USOTC:BYDDY) is on track to regain its position as the world’s largest seller of fully electric vehicles, with second-quarter deliveries expected to outpace those of Tesla Inc. (NASDAQ:TSLA). The Chinese manufacturer reported battery-electric vehicle (BEV) deliveries of 557,090 units during the second quarter, according…
-
ServiceNow shares climb after Guggenheim upgrades stock to Buy (NOW)
Guggenheim turns bullish on valuation despite AI concerns Shares of ServiceNow (NYSE:NOW) rose about 4% on Wednesday after Guggenheim upgraded the enterprise software company to Buy from Neutral, assigning a price target of $125. Following Tuesday’s closing price of $99.28, Guggenheim’s target implies additional upside and values the company at approximately 7.5 times enterprise value…
-
Marriott and Coca-Cola announce global beverage partnership (MAR)
Coca-Cola to become Marriott’s worldwide beverage supplier Marriott International (NASDAQ:MAR) and The Coca-Cola Company (NYSE:KO) have entered into a global beverage supply agreement that will see Coca-Cola products introduced across Marriott’s worldwide hotel portfolio. According to a joint announcement released on July 1, 2026, Coca-Cola will become Marriott’s global beverage partner across multiple categories, including…
-
MSC Industrial shares jump after third-quarter earnings top expectations (MSM)
Strong quarterly results drive double-digit share price gain Shares of MSC Industrial Supply Co. (NYSE:MSM) climbed more than 10% in pre-market trading on Wednesday after the industrial distributor delivered third-quarter results that comfortably exceeded Wall Street expectations, supported by stronger operational execution. For the fiscal third quarter ended May 30, 2026, the company reported adjusted…
-
Alcoa shares fall after announcing $4.1bn acquisition of South32 assets (AA)
Alcoa expands upstream portfolio with major South32 deal Shares of Alcoa Corporation (NYSE:AA) declined nearly 5% in pre-market trading on Wednesday after the aluminium producer agreed to acquire South32’s bauxite, alumina and aluminium operations in a transaction valued at $4.1 billion. The acquisition includes South32’s stakes in the Boddington bauxite mine and Worsley alumina refinery…
-
General Mills tops quarterly expectations despite cautious FY2027 outlook
Fourth-quarter earnings beat forecasts General Mills Inc. (NYSE:GIS) reported stronger-than-expected fourth-quarter results on Wednesday, beating Wall Street forecasts for both earnings and revenue, although its guidance for fiscal 2027 came in below analyst expectations. Shares of the food manufacturer rose more than 4% in pre-market trading following the earnings release. Adjusted earnings per share for…
-
Meta shares jump on plans to commercialise excess AI computing capacity
Report says Meta is preparing a move into cloud infrastructure Shares of Meta Platforms (NASDAQ:META) climbed as much as 8% on Wednesday after a Bloomberg report said the company is preparing to enter the cloud infrastructure market by offering customers access to surplus artificial intelligence computing resources. If launched, the initiative would place Meta in…
-
General Motors shares rise after securing long-term Micron chip supply
GM strengthens semiconductor supply chain with Micron agreement Shares of General Motors (NYSE:GM) edged higher on Wednesday after the automaker unveiled a strategic partnership with Micron Technology (NASDAQ:MU) aimed at securing a long-term supply of memory and storage components for its vehicles. The Strategic Customer Agreement is designed to ensure GM has dependable access to…
-
US private-sector hiring slows in June as ADP payrolls miss forecasts
Private payroll growth comes in below expectations Private-sector employment in the United States increased by 98,000 jobs in June, falling short of market expectations and pointing to a moderation in hiring momentum, according to figures released by payroll processor ADP. The latest report showed private payrolls rose by 98,000 last month, down from 122,000 in…