Category: Latest News
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PayPal Cuts Around 600 Jobs in India, Moneycontrol Reports
PayPal (NASDAQ:PYPL) has cut around 600 jobs in India, equivalent to approximately 10% of its workforce in the country, as part of a broader global restructuring, Moneycontrol reported on Thursday. According to people familiar with the matter cited by Moneycontrol, the reductions affected employees across technology, engineering, operations, payments and finance. Job cuts were reported…
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Snowflake Shares Rise After Q2 Revenue and Earnings Exceed Estimates
Snowflake (NYSE:SNOW) shares rose 23.9% to $379.07 in premarket trading after the company reported fiscal second-quarter 2027 revenue and adjusted earnings above analyst expectations and increased its full-year product revenue guidance. Adjusted earnings per share were $0.62, compared with the consensus estimate of $0.45. Total revenue reached $1.55 billion, above the $1.48 billion analyst estimate…
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Five Below Shares Rise After Q2 Earnings Beat and Guidance Increase
Five Below (NASDAQ:FIVE) shares rose 6.2% in premarket trading after the specialty value retailer reported fiscal second-quarter results above analyst expectations and raised its full-year 2026 guidance. The company reported adjusted earnings per share of $1.68, compared with the consensus estimate of approximately $1.33. Net sales increased about 22.9% year over year to $1.26 billion,…
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HPE Raises 2026 and 2027 Guidance, Expands Oracle Networking Agreement
Hewlett Packard Enterprise (NYSE:HPE) reported quarterly revenue and earnings above expectations on Wednesday and raised its full-year guidance for both 2026 and 2027. Separately, the company expanded its collaboration with Oracle and issued warrants allowing Oracle to purchase HPE common shares. HPE shares fell nearly 5% in premarket trading on Thursday, with the source citing…
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Gold Rises Above $4,400 as Dollar and Treasury Yields Decline
Gold prices rose more than 1% on Thursday, moving back above $4,400 an ounce as the US dollar weakened and Treasury yields declined, while investors reassessed expectations for further Federal Reserve interest-rate increases. Attention was also turning to Friday’s US nonfarm payrolls report for further indications on the outlook for monetary policy. A rise in…
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Oil Prices Ease After Three-Session Rally as Hormuz Flows Show Signs of Recovery
Oil prices moved lower during Asian trading on Thursday following three consecutive sessions of gains, as markets assessed comments from US President Donald Trump and indications of increased crude flows through the Strait of Hormuz. As of 04:42 ET (08:42 GMT), Brent Oil Futures for November delivery declined 0.2% to $95.43 a barrel, while West…
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US Futures Steady as Oil Prices Ease and Markets Assess Broadcom Outlook: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures were broadly unchanged as investors assessed developments in the US-Iran conflict, the interest-rate outlook and corporate updates ahead of Friday’s US labour market report. By 03:50 ET, S&P 500 Futures were unchanged at 7,671.1 points. Nasdaq 100 Futures were also little changed at 29,211.25, while Dow Jones Futures stood at 53,195. The…
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Wall Street Snaps Three-Day Slide as Bond Yields Take a Breather
U.S. stocks bounced back on Wednesday, ending a three-day losing streak as a relentless run-up in Treasury yields finally paused and gave buyers room to step back in. All three major indexes finished modestly higher, with the Dow reclaiming the 53,000 mark, as investors weighed cooler bond-market pressure against still-elevated oil prices and lingering geopolitical…
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Markets in Motion: September seasonality puts S&P 500 and small caps in focus
Bruce Campbell examines September seasonality, gold, Russell 2000 risk and volatility signals as investors prepare for the fall.
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Linkhome Establishes AI Computing Subsidiary and Evaluates European Project With Up to 144 NVIDIA GB300 GPUs
Linkhome Holdings (NASDAQ:LHAI) has established a dedicated AI computing subsidiary and begun evaluating a potential European infrastructure project involving up to 144 NVIDIA GB300 GPUs, although no final investment decision or binding project agreements have been made. Key Investor Takeaways Why LHAI Stock Is in Focus Linkhome is taking an initial step into AI infrastructure…