Category: Latest News
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ConocoPhillips beats second-quarter earnings as record Permian production supports results
ConocoPhillips (NYSE:COP) reported stronger-than-expected second-quarter earnings on Thursday, driven by higher realised oil prices and record production from its Permian Basin operations. Shares edged higher in pre-market trading, although the company left its full-year guidance unchanged. The steady outlook limited investor enthusiasm despite another quarter of solid operational performance. Earnings exceed Wall Street forecasts The…
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Novavax tops forecasts and raises revenue outlook as Sanofi collaboration progresses
Novavax Inc. (NASDAQ:NVAX) reported second-quarter results that came in ahead of Wall Street expectations, while also increasing its full-year revenue outlook as its partnership with Sanofi continued to move forward. The shares edged 0.4% higher in pre-market trading on Thursday. Although revenue declined sharply from a year earlier, the comparison was affected by significant one-off…
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Banzai International proposes rebrand to Parabolic Technologies
Banzai International, Inc. (NASDAQ:BNZI) has unveiled plans to change its corporate name to Parabolic Technologies, Inc., after its board approved the proposal. The rebranding remains subject to shareholder approval at a forthcoming special meeting. While awaiting the shareholder vote, the company intends to operate under the trading name “Parabolic.” New Nasdaq ticker symbols set for…
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Klarna expands U.S. merchant reach through J.P. Morgan Payments partnership
Klarna (NYSE:KLAR) has expanded its U.S. payments network by integrating with the J.P. Morgan Payments Commerce Platform, enabling merchants to offer Klarna’s flexible payment solutions at checkout without requiring additional technical development. The partnership broadens Klarna’s access to U.S. retailers while simplifying implementation for businesses using J.P. Morgan’s payments infrastructure. Merchants gain access to multiple…
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Dana raises 2026 revenue outlook after strong sales performance
Dana Incorporated (NYSE:DAN) reported second-quarter results on Thursday that topped revenue expectations and prompted management to lift its full-year revenue and adjusted EBITDA guidance. Investors welcomed the update, sending the automotive supplier’s shares about 4% higher in after-hours trading. While earnings per share fell short of Wall Street estimates, stronger sales and improved profitability supported…
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Inter & Co keeps its profit streak alive
Brazilian fintech powerhouse Inter & Co (NASDAQ:INTR) recently released its Q2 2026 results, demonstrating continued revenue and net income expansion across its growing base of 45 million clients. The strong figures offer further proof of the commercial strength behind the digital bank’s core technology. For the second quarter, Inter & Co came remarkably close to…
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Wall Street futures signal muted start as investors await U.S. jobs report: Dow Jones, S&P, Nasdaq
U.S. stock futures were little changed ahead of Thursday’s opening bell, pointing to another cautious session as investors looked ahead to Friday’s closely watched employment report for fresh clues on the Federal Reserve’s next policy move. Markets are expected to remain rangebound as traders avoid taking large positions before the release of July’s non-farm payrolls…
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U.S. initial jobless claims remain below expectations despite slight increase
The latest U.S. labour market data showed a modest rise in initial jobless claims, although the number of new unemployment benefit applications remained below economists’ forecasts, pointing to continued resilience in employment conditions. For the latest reporting week, initial jobless claims totaled 199,000, compared with 198,000 in the previous week. Economists had expected claims to…
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Restaurant Brands tops second-quarter earnings forecasts as Burger King drives growth
Restaurant Brands International Inc. (NYSE:QSR) reported second-quarter results ahead of Wall Street earnings expectations on Thursday, with strong performance from Burger King helping to accelerate comparable sales growth despite mixed results across its other brands. Adjusted earnings came in at $1.07 per share, beating analysts’ consensus estimate of $1.04. Revenue totaled $2.52 billion, in line…
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Peloton shares fall as weaker 2027 guidance overshadows fourth-quarter earnings beat
Peloton (NASDAQ:PTON) shares dropped more than 15% in premarket trading on Thursday after the connected fitness company issued fiscal 2027 revenue guidance that fell short of Wall Street expectations, overshadowing stronger-than-expected fourth-quarter earnings and revenue. By 07:40 ET, the stock had fallen sharply as investors focused on the company’s cautious outlook despite improving profitability. Fourth-quarter…