Category: Latest News
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Snap Launches Snapchat Plans for In-App Event Organisation
Snap Inc. (NYSE:SNAP) launched new event-planning features on Thursday that allow Snapchat users to organise gatherings, send invitations and manage responses within the app. The new Snapchat Plans feature is designed for organising activities ranging from birthday parties to study sessions. Snap said about a third of young Snapchat users in the U.S. make plans…
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Palantir and Fujitsu Renew AI Partnership and Expand Forward Deployed Engineering Role
Palantir Technologies (NASDAQ:PLTR) and Fujitsu Limited renewed their strategic partnership, with Fujitsu entering a new agreement covering Palantir AIP and Palantir Foundry and becoming a Global Forward Deployed Engineering (FDE) Partner. The partnership, which began in 2020, will expand Fujitsu’s investment in deployed engineering capabilities for enterprise customers in Japan and international markets. Fujitsu plans…
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Reddit Shares Rise 1.5% as Piper Sandler Data Shows August User Growth
Reddit Inc. (NYSE:RDDT) shares rose 1.5% in premarket trading on Tuesday after Piper Sandler data showed the social media platform’s average user base increased 8% month on month in August. The increase was Reddit’s highest monthly user growth rate of the year and followed a 2% decline in July, according to Piper Sandler. Feed users…
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Macy’s Shares Fall 3.3% as Full-Year Revenue Guidance Comes in Below Estimates
Macy’s Inc. (NYSE:M) shares fell 3.3% in premarket trading after the department store operator reported second-quarter earnings and revenue above analyst estimates but issued full-year revenue guidance below consensus expectations. Adjusted earnings per share were $0.63, compared with an analyst consensus of $0.35. Revenue increased 1.1% year on year to $4.9 billion from $4.8 billion,…
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Designer Brands Raises Full-Year EPS Guidance as Q2 Revenue Falls 1.2%
Designer Brands Inc. (NYSE:DBI) raised its full-year earnings guidance on Thursday after reporting second-quarter adjusted earnings per share above analyst estimates, while revenue came in below expectations. Adjusted EPS was $0.34, compared with an analyst estimate of $0.26. Revenue declined 1.2% year on year to $730.6 million from $739.8 million, below the consensus estimate of…
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U.S.-Listed Copper Mining Stocks Fall as Copper Retreats From Record High
U.S.-listed copper mining stocks fell in premarket trading on Thursday as copper prices declined after reaching a record earlier in the session. Benchmark three-month copper on the London Metal Exchange fell 3.1% to $14,312 per metric ton after touching a record $14,875 earlier in the day. The decline followed reports that the White House has…
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U.S. Stock Futures Fall as Oil Tops $100 and Producer Inflation Accelerates: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures moved lower on Thursday as crude oil prices extended their gains and August producer price data showed annual inflation accelerating. U.S. crude futures rose nearly 5% after gaining more than 3% on Wednesday, moving above $100 a barrel. Brent crude also exceeded $100 in the previous session for the first time…
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U.S. Initial Jobless Claims Dip to 206,000, Slightly Above Forecast
U.S. initial jobless claims declined slightly in the latest week, indicating little change in the pace of new applications for unemployment benefits. Initial claims came in at 206,000, down by 1,000 from the previous week’s reading of 207,000. The latest figure was slightly above the market forecast of 205,000. Initial jobless claims measure the number…
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U.S. Producer Prices Rise 0.4% in August as Energy Costs Increase
U.S. producer prices for final demand increased 0.4% month on month in August, matching estimates and accelerating from a 0.1% increase in July, according to data from the Labor Department’s Bureau of Labor Statistics. On an annual basis, the producer price index rose 5.4%, compared with 4.8% in July and an expected increase of 5.3%.…
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Shoe Station Group Shares Fall 13% as FY26 Guidance Trails Estimates
Shoe Station Group Inc. (NASDAQ:SHOE) shares fell 13.07% in pre-market trading on Thursday after the footwear retailer issued fiscal 2026 guidance below analyst estimates and reported a second-quarter revenue decline. Adjusted earnings per share were $0.45, above the analyst consensus of $0.34. Revenue fell 7.2% year on year to $284.3 million from $306.4 million, below…