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Oracle Shares Rise on AWS Partnership and Broader Tech Momentum
Oracle (NYSE:ORCL) gained 3.8% on Thursday morning, supported by strength across the technology sector and news of an expanded multicloud networking partnership with Amazon Web Services. Under the agreement, the two companies plan to link Oracle Interconnect with AWS Interconnect–multicloud, allowing customers to establish private, high-speed connections for running applications and transferring data between Oracle…
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US Jobless Claims Fall Sharply Below Forecasts
New data from the Labor Department released Thursday showed that initial filings for U.S. unemployment benefits declined more than anticipated in the week ending April 11. First-time jobless claims dropped to 207,000, down by 11,000 from the prior week’s revised figure of 218,000. Economists had expected a more modest decline to 215,000, compared with the…
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Wall Street Set for Further Gains as U.S.-Iran Talk Optimism Builds: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures point to a slightly higher open on Thursday, suggesting equities could build on the strong rally seen in recent sessions. Markets appear poised to carry forward the positive momentum that pushed both the Nasdaq and S&P 500 to record closing highs on Wednesday. Investors remain hopeful about a potential second round of…
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U.S. Bancorp Shares Slip Despite Q1 Earnings Beat
U.S. Bancorp (NYSE:USB) reported first-quarter results on Thursday that came in ahead of analyst expectations, though its shares moved lower in pre-market trading. The stock declined 1.10% following the announcement. The bank posted adjusted earnings per share of $1.18, exceeding the consensus estimate of $1.15 by $0.03. Revenue totaled $7.29 billion, slightly above the $7.28…
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Insteel Industries Falls Short of Expectations on Q2 Earnings and Revenue
Insteel Industries Inc. (NYSE:IIIN) reported second-quarter fiscal 2026 results on Thursday that missed analyst forecasts, with adjusted earnings per share of $0.27 falling short of the $0.64 consensus by $0.37. Revenue came in at $172.7 million, below the expected $178.23 million, although it marked a 7.5% increase from $160.7 million in the same quarter last…
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KeyCorp Tops Q1 Estimates but Shares Slip on Outlook Concerns
KeyCorp (NYSE:KEY) reported first-quarter 2026 results on Thursday that came in ahead of analyst expectations, though its shares edged lower in pre-market trading. The stock fell 0.88% following the release. The Cleveland-based lender posted adjusted earnings per share of $0.44, beating the consensus forecast of $0.42. Revenue totaled $1.95 billion, up 10% year on year…
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PepsiCo Surpasses Q1 Forecasts as Revenue Momentum Picks Up
PepsiCo Inc. (NASDAQ:PEP) delivered first-quarter results on Thursday that came in ahead of analyst expectations. The company reported adjusted earnings per share of $1.61, above the consensus estimate of $1.55. Revenue reached $19.44 billion, exceeding forecasts of $18.94 billion and representing an 8.5% increase from $17.91 billion in the same period last year. Organic revenue…
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BNY Tops Q1 Expectations with Strong Growth Across Businesses
The Bank of New York Mellon Corporation (NYSE:BK) reported first-quarter 2026 results on Thursday that came in ahead of analyst forecasts, posting adjusted earnings per share of $2.25 compared with expectations of $1.93, while revenue reached $5.41 billion versus a $5.17 billion consensus. Shares of the bank rose 0.30% following the release. The company delivered…
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JetBlue Founder Neeleman Warns Airline Could Face Bankruptcy
David Neeleman, founder of JetBlue Airways (NASDAQ:JBLU), said the airline may be heading toward bankruptcy, speaking during a discussion with pilots at Breeze Airways—his most recent aviation venture—on Thursday. Neeleman, a long-time airline entrepreneur who launched JetBlue in 1999 and led the company as CEO until 2007, outlined concerns about the carrier’s financial outlook in…
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Boeing Accelerates Factory Hiring to Fastest Pace Since 2024
Boeing (NYSE:BA) is ramping up recruitment, adding roughly 100 to 140 factory workers each week—the quickest hiring pace seen since 2024—as the aerospace group replaces retiring staff and boosts headcount to support rising production and upcoming aircraft programs, according to a union official. The number of unionized factory employees in Boeing’s Pacific Northwest operations has…