Category: Latest News
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Gold steadies near two-week high as investors monitor Fed outlook and oil prices
Gold prices traded close to a two-week high on Thursday as markets balanced rising geopolitical tensions in the Middle East against growing expectations that higher energy prices could keep inflation elevated and influence the Federal Reserve’s next policy decision. Spot gold (XAU/USD) eased 0.1% to $4,127.99 per ounce, while Gold Futures declined 0.5% to $4,130.62.…
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Alphabet, Tesla and IBM earnings in focus as investors await ECB rate decision: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures traded lower on Thursday as investors digested quarterly results from Alphabet, Tesla and IBM while awaiting the European Central Bank’s latest interest rate decision. Ongoing tensions in the Middle East and rising oil prices also remained key drivers of market sentiment. Futures decline as geopolitical risks weigh on markets Wall Street futures…
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Wall Street Closes Mixed as Nasdaq Slips Ahead of Big Tech Earnings and Oil Jumps on Iran Tensions
U.S. stocks finished a choppy session mixed on Wednesday, with the Dow Jones Industrial Average essentially flat while the S&P 500 and Nasdaq Composite slipped as investors turned cautious ahead of a wave of earnings from technology heavyweights due after the closing bell. Oil prices climbed sharply on renewed tension surrounding Iran, lifting energy shares…
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Wall Street set for weaker open as oil surge and earnings season dominate sentiment: Dow Jones, S&P, Nasdaq, Futures
Rising crude prices and geopolitical tensions weigh on investor outlook U.S. stock futures pointed lower on Wednesday, signalling a softer start to trading as investors assessed surging oil prices, escalating tensions between the United States and Iran, and a packed schedule of corporate earnings. Crude oil extended its recent rally after U.S. Central Command confirmed…
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Philip Morris shares edge lower despite second-quarter earnings beat and record revenue (NYSE:PM)
Strong quarterly results overshadowed by softer third-quarter outlook Philip Morris International Inc. (NYSE:PM) reported better-than-expected second-quarter 2026 results on Wednesday, but investors focused on weaker-than-anticipated third-quarter earnings guidance, sending the stock modestly lower. The tobacco company posted adjusted earnings per share of $2.20, comfortably ahead of the analyst consensus estimate of $2.03. Revenue reached a…
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Moody’s shares edge lower despite second-quarter earnings beat and strong revenue growth (NYSE:MCO)
Results exceed expectations as outlook disappoints investors Moody’s Corporation (NYSE:MCO) reported stronger-than-expected second-quarter 2026 results on Wednesday, although investors focused on a slightly softer full-year earnings outlook that weighed on the stock. The credit ratings and analytics company posted adjusted earnings per share of $4.68, comfortably ahead of the analyst consensus estimate of $4.21. Revenue…
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Reddit shares fall as reported Google AI licensing dispute raises traffic concerns (NYSE:RDDT)
Report points to tensions over AI data agreement Reddit (NYSE:RDDT) shares fell 5.8% in premarket trading on Wednesday after reports suggested the social media platform is considering restricting Google’s access to its content as negotiations continue over a new artificial intelligence data licensing agreement. According to a report by The Wall Street Journal, Reddit is…
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Wabtec shares edge higher after second-quarter earnings beat and raised full-year outlook (NYSE:WAB)
Strong quarterly performance tops expectations Wabtec Corporation (NYSE:WAB) reported stronger-than-expected second-quarter 2026 results on Wednesday, driven by double-digit revenue growth, higher margins and robust demand across its Freight and Transit businesses. The rail equipment manufacturer posted adjusted earnings per share of $2.76, exceeding the analyst consensus estimate of $2.60. Revenue climbed 17.5% year over year…
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RPM International shares slip despite fourth-quarter earnings beat and record annual results (NYSE:RPM)
Earnings exceed expectations as outlook disappoints investors RPM International Inc. (NYSE:RPM) reported stronger-than-expected fourth-quarter 2026 results on Wednesday, but its fiscal 2027 outlook failed to impress investors, sending shares modestly lower in premarket trading. The specialty coatings and building materials manufacturer posted adjusted earnings per share of $1.89, exceeding the analyst consensus estimate of $1.84.…
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BankUnited shares steady after mixed second-quarter earnings results (NYSE:BKU)
Earnings and revenue miss expectations BankUnited Inc. (NYSE:BKU) reported mixed second-quarter 2026 results on Wednesday, with both earnings and revenue coming in below Wall Street expectations despite year-over-year growth and improving balance sheet metrics. The bank posted adjusted earnings per share of $0.97, missing the analyst consensus estimate of $1.01. Revenue totaled $284.57 million, also…