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Boeing secures seven-year deal to expand missile seeker output
Boeing (NYSE:BA) has signed a seven-year framework agreement with the U.S. Department of Defense aimed at tripling production of PAC-3 missile seekers, critical components that allow interceptor missiles to detect and track incoming threats. The agreement forms part of the Pentagon’s Arsenal of Freedom initiative, which seeks to reinforce the U.S. defense industrial base. PAC-3…
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MSC Industrial shares drop after second-quarter results miss estimates
MSC Industrial Supply Co. (NYSE:MSM) reported fiscal second-quarter 2026 results on Wednesday that came in below analyst forecasts, sending the company’s stock lower in pre-market trading. Shares of the industrial distributor fell 4.36% before the opening bell following the release. The company posted adjusted earnings per share of $0.82, missing the consensus estimate of $0.84…
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U.S. Stocks Poised for More Gains After Strong Rally: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures indicate a higher open on Wednesday, suggesting equities could continue to advance after the strong rally seen in the previous trading session. Investor sentiment has been lifted by growing hopes that the U.S. conflict with Iran may soon come to an end, following fresh remarks from President Donald Trump. Speaking to…
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ADP report shows modest job growth in U.S. private sector
The latest ADP National Employment Report showed that private-sector employment in the United States increased by 62,000 jobs, offering a snapshot of labor market conditions based on payroll data from roughly 400,000 U.S. business clients. Although hiring continued to expand, the figure came in slightly below expectations. Economists had forecast an increase of around 41,000…
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U.S. retail sales exceed forecasts with 0.6% monthly increase
Retail sales in the United States came in stronger than expected, pointing to continued resilience in consumer spending. The latest figures show that retail sales rose 0.6%, surpassing the market forecast of 0.5% and signaling steady demand from American households. The result represents a clear rebound from the 0.2% decline recorded the previous month. The…
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Gold extends gains to fourth day as Trump hints at potential Iran war exit
Gold prices advanced for a fourth consecutive session during European trading on Wednesday, helped by a softer U.S. dollar as investors assessed signs that the United States and Iran may be moving toward a resolution of the conflict in the Middle East. Spot gold rose 1.6% to $4,742.67 per ounce by 07:20 ET (11:20 GMT),…
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Oil hovers near $100 as Trump signals potential end to Iran conflict
Oil prices retreated from recent multi-year highs during European trading on Wednesday, briefly dipping below the $100-per-barrel mark after U.S. President Donald Trump indicated that Washington could soon move toward ending the war with Iran. Brent crude for June delivery, the global benchmark, was down 1.7% at $102.25 per barrel. Since the conflict began in…
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Nike shares fall in premarket despite earnings beat as China weakness and margin pressure persist
Nike (NYSE:NKE) reported quarterly results on Tuesday that exceeded expectations on both earnings and revenue, but the report highlighted ongoing softness in the important Greater China market along with declining gross margins. Shares of the Dow 30 component dropped more than 9% in premarket trading Wednesday, changing hands at $47.88 by 04:17 ET. The results…
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Tesla registrations rebound in Europe as early March data show strong growth
Tesla (NASDAQ:TSLA) appears to be seeing another solid month for vehicle deliveries in Europe, with early registration data showing sharp increases in several markets including France and Denmark. The electric vehicle maker sold 17,664 units in February, representing 11.8% year-on-year growth, and preliminary figures emerging from March across Europe suggest that sales momentum is continuing.…
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Oil stocks slide as crude drops after Trump signals potential end to Iran war
Oil prices and shares of major energy producers declined on Wednesday after Donald Trump indicated the conflict in Iran could end within “two to three weeks.” Brent crude dropped to as low as $98.35 per barrel before recovering part of its losses to trade back above $102, as investors assessed the possibility that the conflict—which…