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Corona maker Constellation Brands tops forecasts as beer business drives earnings growth
Strong beer performance lifts quarterly results Constellation Brands Inc Class A (NYSE:STZ) reported first-quarter results ahead of Wall Street expectations, supported by continued strength in its beer division. Adjusted earnings came in at $3.43 per share, surpassing the consensus forecast of $3.25 by $0.18. Revenue reached $2.43 billion, slightly above analysts’ expectations of $2.41 billion,…
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Tesla Q2 deliveries seen rising as European demand gathers pace (TSLA)
Analysts forecast stronger quarterly deliveries Tesla (NASDAQ:TSLA) is expected to report higher vehicle deliveries for the second quarter when it releases production and delivery figures on Thursday, with Wall Street forecasting a rebound driven primarily by improving demand in Europe. According to a survey of 20 analysts compiled by Visible Alpha, Tesla is expected to…
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Nike warns turnaround will take longer as China weakness clouds outlook (NKE)
Revenue beat fails to offset cautious outlook Nike (NYSE:NKE) acknowledged that its turnaround remains a work in progress after ongoing weakness in China and a subdued outlook overshadowed a modest fourth-quarter revenue beat. The sportswear group reported a 1% decline in quarterly revenue, while sales in Greater China fell by double digits, leaving investors unconvinced…
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Oil prices edge higher as uncertainty over Iran-US talks fuels supply concerns
Crude markets rebound on geopolitical uncertainty Oil prices moved modestly higher on Wednesday as investors assessed the risk that stalled negotiations between Iran and the United States could delay a lasting agreement, raising concerns about future crude supplies from the Middle East. Brent crude futures gained 14 cents, or 0.19%, to $73.09 a barrel by…
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Citi lowers bitcoin and ether price targets as ETF outflows weigh on crypto outlook
Brokerage turns more cautious on leading cryptocurrencies Citigroup has reduced its 12-month price forecasts for bitcoin (COIN:BTCUSD) and ether (COIN:ETHUSD), citing weaker investor demand, persistent exchange-traded fund (ETF) outflows and limited progress on US cryptocurrency legislation. In a research note published on Tuesday, the bank lowered its bitcoin target to $82,000 from $112,000 and cut…
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US futures edge lower as investors await Warsh remarks and key economic data: Dow Jones, S&P, Nasdaq, Wall Street
Markets begin the second half cautiously US stock futures traded lower on Wednesday ahead of the first session of the second half of the year, with investors preparing for comments from Federal Reserve Chair Kevin Warsh, fresh US manufacturing data and ongoing geopolitical developments in the Middle East. By 03:16 ET, Dow Jones futures were…
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ADVFN Appoints Jason Paltrowitz as Non-Executive Director
Former OTC Executive Brings Capital Markets Expertise to Support Global Growth LONDON – July 1, 2026 — ADVFN Ltd is pleased to announce the appointment of Jason Paltrowitz as a Non-Executive Director. Jason brings more than 20 years of leadership experience across global capital markets, investor relations, exchange services, and corporate advisory. He served as…
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Stocks Rally to Close Out Strong Quarter as Iran Ceasefire Lifts Sentiment
Wall Street closed out the second quarter on a high note Monday, with all three major indexes finishing firmly in positive territory as a combination of renewed confidence in the AI trade and welcome geopolitical relief gave investors reason to buy. The Dow Jones Industrial Average climbed to a fresh all-time high, capping what many…
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Wall Street Futures Edge Lower as Investors Lock In Profits After Record Rally: Dow Jones, S&P, Nasdaq
Profit taking points to softer start for U.S. markets U.S. stock index futures indicated a weaker open on Tuesday as investors looked set to take profits following the previous session’s broad-based rally. The cautious tone comes after Monday’s strong gains pushed the Dow Jones Industrial Average to a fresh record closing high, prompting some traders…
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Magnificent Seven shed $2.3 trillion in June as AI spending comes under closer scrutiny (MSFT)
Investor sentiment shifts toward infrastructure costs The so-called “Magnificent Seven” technology stocks have collectively lost around $2.3 trillion in market value during June as investors reassessed the scale of artificial intelligence infrastructure spending by the sector’s largest companies. The group comprises Microsoft Corporation (NASDAQ:MSFT), Nvidia Corporation (NASDAQ:NVDA), Alphabet Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Meta Platforms…