Category: Latest News
-
ADP Report Signals Softer U.S. Hiring Momentum in January
Payroll processor ADP reported on Wednesday that job growth in the U.S. private sector slowed sharply in January, coming in well below economists’ expectations. According to the report, private employers added just 22,000 jobs last month, following a gain of 37,000 in December, a figure that was revised down from earlier estimates. Economists had been…
-
U.S. Markets Set for a Cautious Start After Prior Session’s Tech-Led Slide: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures are signaling a largely flat open on Wednesday, pointing to a tentative start to the session as investors digest the previous day’s losses and look for fresh direction. Futures showed little reaction even after payroll processor ADP reported a much weaker-than-expected increase in private sector hiring for January. According to ADP,…
-
DraftKings Shares Advance as Super Bowl Betting Heats Up and Prediction Markets Draw Scrutiny
Shares of DraftKings (NASDAQ:DKNG) climbed 2.3%, while Flutter Entertainment (NYSE:FLTR), the parent of FanDuel, rose 2.7%, as debate flared around the fast-growing prediction market sector in the run-up to Sunday’s Super Bowl. The rally comes amid a public dispute involving Kalshi Inc., the largest prediction market operator in the U.S., and data startup Juice Reel.…
-
Taco Bell Owner Yum China Shares Climb After Q4 Results Beat Forecasts
Yum China Holdings, Inc. (NYSE:YUMC) reported fourth-quarter results on Wednesday that came in ahead of market expectations, supported by solid same-store sales momentum and strong growth in delivery, lifting its shares in premarket trading. The restaurant operator’s stock rose 1.50% ahead of the opening bell following the earnings release. Adjusted earnings per share for the…
-
Uber Shares Slide After Q4 Earnings Fall Short of Forecasts
Uber Technologies, Inc. (NYSE:UBER) saw its shares drop sharply in premarket trading after reporting fourth-quarter 2025 earnings that missed Wall Street expectations, even as the company delivered strong revenue growth and record cash generation. The ride-hailing and delivery group posted adjusted earnings per share of $0.71, coming in 11% below the analyst consensus of $0.80.…
-
Eli Lilly Sets Buoyant Revenue Outlook as Demand for Weight-Loss Drugs Stays Strong
Eli Lilly (NYSE:LLY) issued a full-year revenue forecast that comfortably exceeded Wall Street expectations, reflecting sustained momentum behind its fast-growing weight-loss and diabetes medicines. Like many peers, the drugmaker has placed a major strategic bet on the expanding obesity and diabetes market, leaning on the success of its Zepbound and Mounjaro franchises. While both therapies…
-
Boston Scientific Tops Q4 Forecasts, Shares Slip Modestly
Boston Scientific Corporation (NYSE:BSX) delivered stronger-than-expected results for the fourth quarter of 2025 on Wednesday, with both earnings and revenue coming in ahead of Wall Street estimates, although the stock edged lower in premarket trading. Shares of the medical device maker were down 0.47% ahead of the open following the earnings release. Adjusted earnings per…
-
Oaktree Specialty Lending Falls Short of Q1 Earnings Forecasts
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) reported fiscal first-quarter 2026 results that missed market expectations, with earnings pressured by sizable investment losses despite relatively stable operating income. The business development company posted earnings per share of $0.06, well below the consensus estimate of $0.38. Quarterly revenue totaled $75.1 million, slightly under analysts’ forecast of $75.27 million.…
-
American Airlines CEO Isom Faces Growing Pilot Backlash After Underwhelming Performance
American Airlines Group Inc. (NASDAQ:AAL) CEO Robert Isom is coming under increasing scrutiny from the carrier’s pilots, who argue that his leadership has left the airline lagging behind rivals Delta Air Lines Inc. (NYSE:DAL) and United Airlines Holdings Inc. (NASDAQ:UAL) in terms of profitability. The Allied Pilots Association (APA), which represents roughly 16,000 pilots at…
-
Stanley Black & Decker Beats Q4 Profit Estimates Despite Revenue Miss
Stanley Black & Decker (NYSE:SWK) reported fourth-quarter adjusted earnings that came in ahead of Wall Street forecasts on Wednesday, even as revenue failed to meet expectations amid weaker retail demand in North America. Shares of the tools and outdoor products maker fell about 1.3% following the results. The company posted adjusted earnings per share of…