Category: Latest News
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Dell revises upward its full-year profit forecast as demand for AI servers surges; shares gain
Shares of Dell Technologies (NYSE:DELL) climbed nearly 2% in early trading Friday following the company’s decision to raise its full-year earnings guidance, despite mixed financial results for the first quarter impacted by tariff-related demand challenges. In Q1, Dell reported adjusted earnings per share (EPS) of $1.55 on revenues of $23.38 billion, falling short of the…
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Costco Reports Strong Q3 Earnings as Inflation Concerns Drive Bulk Buying
Costco (NASDAQ:COST) exceeded expectations with its fiscal third-quarter results announced Thursday, fueled by consumers stocking up amid inflation worries and potential tariff-driven price increases. Following the earnings release, Costco shares traded relatively flat in U.S. premarket trading on Friday. For the 12-week period ending May 11, the members-only warehouse club reported diluted earnings per share…
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Marvell Reports Record Q1 Revenue, Shares Slip Despite Meeting Expectations
Marvell Technology Inc (NASDAQ:MRVL) achieved record first-quarter revenue for fiscal 2026, but shares fell nearly 4% in premarket trading after results came in line with analyst forecasts. The company posted net revenue of $1.895 billion, representing a 63% year-over-year increase, slightly surpassing the $1.88 billion consensus and exceeding the midpoint of prior guidance by $20…
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UP Fintech Reports Robust Q1 Earnings, Shares Climb Over 4%
UP Fintech Holding Limited (NASDAQ:TIGR), a prominent online brokerage catering to global investors, announced stronger-than-expected financial results for the first quarter of 2025 on Friday. Following the earnings release, the company’s shares rose 4.27% in pre-market trading. The firm posted adjusted earnings per ADS of $0.20, beating analyst forecasts. Quarterly revenue reached $122.6 million, marking…
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Tech Stocks, Including Tesla, Slide in Early Trading Amid Tariff Policy Uncertainty
Tesla (NASDAQ:TSLA) and several leading technology firms saw their shares dip during Friday’s premarket session as concerns over President Donald Trump’s tariff measures resurfaced. The renewed uncertainty comes after recent court rulings temporarily paused most of Trump’s tariffs, creating volatility in the markets. Thursday was largely focused on the White House’s efforts to respond to…
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Dow Jones, S&P, Nasdaq, what’s moving the U.S. markets – New trade ruling, China talks, PCE data
U.S. stock futures edged down slightly on Friday amid renewed uncertainty around trade tariffs and stalled negotiations with China. Investors are also closely watching the upcoming release of the Federal Reserve’s preferred inflation gauge, while OPEC+ prepares to decide on oil production levels this weekend. Trade Tariffs Back in Play In a surprising twist, the…
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Dow Jones, S&P, Nasdaq: Stocks Close Higher After Mixed Rulings on Trump’s Tariffs
Stocks closed higher on Thursday following mixed court decisions on Trump’s tariffs. An initial ruling blocked tariffs on China and other trade partners, while an appeals court reinstated them temporarily, leaving uncertainty. The Dow, S&P 500, and Nasdaq all rose in response to the fluctuating tariff landscape and recent trade agreements. Stocks edged higher in…
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U.S. Stocks Close Moderately Higher Following Choppy Trading Day
After failing to sustain a strong move to the upside early in the session, stocks fluctuated over the course of the trading day on Thursday. The major averages bounced back and forth across the unchanged line before eventually closing moderately higher. The Dow rose 117.03 points or 0.3 percent to 42,215.73, the Nasdaq climbed 74.93…
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Boeing Shares Rise on Plans to Accelerate 737 MAX Production
Boeing (NYSE:BA) saw its stock climb 4% following CEO Kelly Ortberg’s announcement of an ambitious plan to scale up production of the company’s popular 737 MAX aircraft. The move signals renewed confidence in Boeing’s recovery efforts and manufacturing capabilities. Speaking at the Bernstein investor conference on Thursday, Ortberg outlined the strategy to increase monthly production…
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Northrop Grumman Commits $50 Million to Firefly Aerospace to Propel Rocket Development
Northrop Grumman Corp (NYSE:NOC), a leading name in aerospace and defense, has poured $50 million into Firefly Aerospace Inc., a Texas-based startup focused on rocket innovation. The funding, highlighted in a Bloomberg report, will accelerate work on the Eclipse rocket, a joint venture between the two firms that began in 2022. The Eclipse launch vehicle…