Category: Latest News
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Walmart Leans on Advertising Growth as Retail Sales Momentum Slows
Walmart (NYSE:WMT) is increasingly relying on its fast-growing advertising operation to support profitability as same-store sales growth moderates and its cautious annual outlook weighs on investor sentiment. Walmart Connect has become an important source of higher-margin revenue for the retailer, helping offset the costs associated with keeping prices competitive and maintaining rapid delivery services. Consumers…
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Meta Faces Landmark 29-State Trial Over Facebook and Instagram’s Impact on Young Users
Meta Platforms (NASDAQ:META) is heading to trial in California federal court on Tuesday as a coalition of 29 U.S. states pursues allegations that Facebook and Instagram were designed in ways that harmed the mental health of children and teenagers. Attorneys representing Colorado, California, New Jersey and Kentucky are leading the bipartisan group and will deliver…
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Google Plans to Move All Pixel Production Out of China in 2027
Google (NASDAQ:GOOGL) is preparing to end production of its Pixel smartphones, smartwatches and wireless earbuds in China from 2027, with manufacturing set to shift to Vietnam and India, according to a report from Nikkei Asia on Tuesday. The planned relocation forms part of Google’s efforts to diversify its supply chain and reduce its manufacturing exposure…
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Evercore ISI Names Three Top Discount Retail Stocks for the Second Half
Evercore ISI has selected three discount retailers as its preferred stocks within the global retail, apparel and luxury brands sector, pointing to opportunities for stronger performance during the second half of the year. The firm’s assessment focuses on companies where comparable sales trends, easier comparison periods or operational improvements could provide meaningful support despite an…
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Amer Sports Shares Jump After Q2 Earnings Beat and Upgraded 2026 Outlook
Amer Sports, Inc. (NYSE:AS) shares climbed 6.60% in pre-market trading on Tuesday after the sporting goods company delivered stronger-than-expected second-quarter results and raised its full-year 2026 guidance. Adjusted earnings per share reached $0.22, exceeding the analyst consensus by $0.11. Revenue came in at $1.63 billion, comfortably ahead of the $1.54 billion expected by Wall Street.…
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iQIYI Shares Fall After Q2 Earnings Miss and Wider Net Loss
iQIYI (NASDAQ:IQ) shares dropped 3.0% in pre-market trading after the Chinese streaming company reported second-quarter 2026 results that fell short of Wall Street expectations, with the earnings deficit considerably larger than analysts had forecast. The company recorded an adjusted loss per ADS of RMB0.30, compared with the consensus estimate for a loss of RMB0.09. That…
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Bath & Body Works Shares Rise After Citi Upgrades Stock to Buy
Bath & Body Works (NYSE:BBWI) shares gained 2.6% in pre-market trading on Tuesday after Citi upgraded the specialty retailer to Buy from Neutral, arguing that the stock’s steep decline following its previous earnings update has created a more attractive risk-reward profile. Citi assigned the shares a fair value of $31.24, implying substantial upside from current…
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Fabrinet Shares Slide Despite Earnings Beat as Margins and Cash Flow Disappoint
Fabrinet (NYSE:FN) shares fell 8.6% in pre-market trading on Tuesday as investors looked beyond stronger-than-expected fiscal fourth-quarter 2026 revenue and earnings and focused instead on weaker margins, negative free cash flow and a softer near-term profit outlook. The decline extended the negative reaction seen after Monday’s closing bell, when the stock initially dropped around 7%…
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Pony.ai Expands Overseas Robotaxi Pipeline Beyond 4,000 Vehicles
Pony.ai (NASDAQ:PONY) has expanded its pipeline of planned and potential international robotaxi deployments to more than 4,000 vehicles, highlighting the Chinese autonomous driving company’s growing ambitions outside its domestic market. The update came alongside strong second-quarter results, with Pony.ai reporting total revenue of $36.2 million, an increase of 68.8% compared with the same period a…
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DocGo Shares Tumble After Earnings Miss and Wider Loss Forecast
DocGo (NASDAQ:DCGO) shares fell sharply in pre-market trading on Tuesday after the mobile healthcare and medical transportation provider reported weaker-than-expected second-quarter 2026 results and significantly increased its projected full-year adjusted EBITDA loss. The stock dropped 12.7% to $0.62 before the opening bell after DocGo posted an adjusted loss of $0.16 per share, compared with the…