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CrowdStrike Shares Drop Despite Strong Q2 Results on Soft Q3 Revenue Outlook
CrowdStrike (NASDAQ:CRWD) posted better-than-expected results for the second quarter of fiscal 2026, but its shares fell 3% in premarket trading Thursday after the company provided third-quarter revenue guidance below analyst forecasts. For the quarter ending July 31, CrowdStrike reported adjusted earnings of $0.93 per share, surpassing the consensus estimate of $0.83. Revenue reached $1.17 billion,…
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HP Surpasses Q3 Expectations on AI-Driven PC Demand; Q4 Outlook in Line, Shares Dip
HP Inc (NYSE:HPQ) reported fiscal third-quarter results that exceeded analyst expectations for both earnings and revenue, while its guidance for the current quarter came roughly in line with market estimates. Despite the beat, HP shares fell more than 2% in premarket trading Thursday. For Q3, adjusted earnings per share reached $0.75, slightly above the consensus…
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Tesla Sees 40% Drop in European Sales as BYD Takes the Lead
Tesla Inc (NASDAQ:TSLA) saw its European sales and market share plunge sharply in July, data from the European Automobile Manufacturers’ Association (ACEA) revealed Thursday, even as overall electric vehicle adoption in the region continued to climb. Chinese automaker BYD Co (USOTC:BYDDY), included in ACEA’s monthly sales data for the first time, surpassed Tesla, capturing a…
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Dollar Under Pressure as September Rate-Cut Bets Intensify
The U.S. dollar struggled to gain momentum against major currencies on Thursday as traders increasingly priced in a possible Federal Reserve rate cut next month, following comments from New York Fed President John Williams that such a move could happen. The currency also faced headwinds from President Donald Trump’s escalated efforts to influence monetary policy,…
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Gold Prices Hover Near $3,400/oz as Markets Eye September Fed Move; Economic Data Awaited
Gold remained close to a two-week high in Asian trade Thursday, supported by rising expectations that the Federal Reserve could cut interest rates in September amid ongoing tensions between President Donald Trump and the central bank. Spot gold approached $3,400 per ounce this week but stalled just below that threshold as the U.S. dollar strengthened…
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Oil Slides as India Tariffs and U.S. Inventory Reports Stir Caution
Oil prices softened in Asian trading Thursday as investors weighed a larger-than-expected drop in U.S. crude inventories against the effect of new U.S. tariffs on Indian oil imports. By 21:34 ET (01:34 GMT), October Brent futures were down 0.5% at $67.71 per barrel, while WTI futures fell 0.6% to $63.80 per barrel. U.S. Crude Draw…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets React to Nvidia Earnings, Tesla Sales Decline, and Japan Trade News
U.S. stock futures showed mixed activity Thursday, with Nvidia’s earnings pressuring technology stocks. At the same time, Tesla’s European sales fell sharply in July, and uncertainty over the U.S.-Japan trade deal emerged after Tokyo’s chief negotiator canceled a planned visit to Washington. Nvidia Slips on China Concerns Despite Strong Earnings Nvidia (NASDAQ:NVDA) reported impressive quarterly…
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Nvidia tops Q2 expectations, but China restrictions weigh on data center revenue
Nvidia delivered stronger-than-expected second-quarter results on Wednesday, though revenue from its data center business came in just shy of forecasts as U.S. limits on H20 chip exports to China took a toll. Shares of NVIDIA Corporation (NASDAQ:NVDA) slipped roughly 2% in after-hours trading following the release. For the quarter ending July 31, the chipmaker posted…
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S&P 500 Edges Up To Record Closing High Ahead Of Nvidia Earnings
After ending yesterday’s choppy trading session mostly higher, stocks saw some further upside during trading on Wednesday. While buying interest was somewhat subdued, the S&P 500 managed to reach a new record closing high. The major averages all posted modest gains on the day. The Dow rose 147.16 points or 0.3 percent to 45,565.23, the…
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Krispy Kreme shares downgraded to sell by JPMorgan amid turnaround execution risks
JPMorgan lowered its rating on Krispy Kreme (NASDAQ:DNUT) to Underweight from Neutral, citing uncertainty around the company’s turnaround plan and weakening U.S. business trends. In a note, the analysts said they continue “to not publish a price target,” emphasizing that the stock has dropped from its July 2021 IPO price of $17 to roughly $3.73…