Category: Top Story
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Morgan Stanley estimates Apple foldable iPhone could generate $14 billion in December-quarter revenue
Morgan Stanley estimates that Apple’s (NASDAQ:AAPL) first foldable iPhone could contribute about $14 billion in revenue during the December quarter, with the bank describing the planned launch as the company’s most consequential since the iPhone X. “Apple’s first foldable iPhone is the biggest iPhone form-factor change since iPhone X,” analyst Erik Woodring wrote ahead of…
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Hot Jobs Report Sinks Stocks as Rate-Hike Bets Climb
Wall Street closed lower on Friday after a surprisingly strong August jobs report flipped the market’s thinking on interest rates. Instead of cheering a healthy labor market, investors worried that the hiring surge gives the Federal Reserve reason to keep rates high, or even raise them, at its meeting later this month. Treasury yields jumped,…
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Tesla Begins Cybercab Rides in Austin as NHTSA Evaluates Rollout
Tesla (NASDAQ:TSLA) said it has begun offering rides in its two-seat Cybercab in limited areas of Austin, Texas, as the U.S. National Highway Traffic Safety Administration said it was evaluating the company’s latest driverless vehicle activity. The Cybercab does not have a steering wheel or pedals and is intended to become a central part of…
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U.S. Stock Futures Fall After August Payrolls Exceed Expectations: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures moved lower on Friday after August employment data showed job growth exceeding expectations, prompting investors to reassess the outlook for Federal Reserve interest rates. Nonfarm payroll employment increased by 162,000 jobs in August after an upwardly revised gain of 21,000 in July, according to the Labor Department. Economists had expected an…
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Adobe Shares Fall After CEO Succession and Executive Departure
Adobe (NASDAQ:ADBE) shares fell 3.4% in pre-market trading to $276 after the software company announced a leadership transition following Thursday’s market close, naming Anil Chakravarthy as its next president and chief executive. Chakravarthy will take over on December 1, 2026, succeeding Shantanu Narayen, who has led Adobe for more than 18 years. Narayen will move…
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Lululemon Shares Fall 17% After FY2026 Guidance Cut Despite Q2 Earnings Beat
Lululemon Athletica Inc. (NASDAQ:LULU) shares fell more than 17% in pre-market trading on Friday after the athletic apparel retailer lowered its fiscal 2026 guidance again, despite reporting second-quarter adjusted earnings above analyst expectations. Adjusted earnings per share were $2.92, exceeding the analyst consensus of $1.82. The figure included $0.86 per share from tariff refunds and…
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U.S. Futures Steady as Investors Await Jobs Report; Lululemon and Adobe in Focus: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures were little changed on Friday as investors awaited the August nonfarm payrolls report and assessed comments from Federal Reserve officials on the interest-rate outlook. Corporate developments included a decline in Lululemon Athletica (NASDAQ:LULU) shares following another reduction in its full-year forecasts, while Adobe (NASDAQ:ADBE) announced a change in chief executive. Investors were…
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Falling Yields and an AI Rally Push the Dow Above 53,600
U.S. stocks rallied broadly on Wednesday, recovering ground lost over the prior several sessions as a pullback in Treasury yields eased pressure on the market and reignited demand for technology shares. All three major indexes finished solidly higher, led by the Dow Jones Industrial Average, as investors grew more comfortable that the Federal Reserve is…
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Victoria’s Secret Shares Fall After Q3 Operating Income Guidance Misses Estimates
Victoria’s Secret (NYSE:VSCO) shares fell more than 16% in premarket trading on Thursday after the company issued third-quarter operating income guidance below Wall Street expectations, despite reporting second-quarter earnings above estimates and raising its full-year revenue outlook. The company reported second-quarter earnings per share of $0.95, compared with the analyst estimate of $0.75. Revenue increased…
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Campbell’s Shares Fall After Fiscal 2027 Guidance Comes in Below Expectations
Campbell’s Company (NASDAQ:CPB) shares fell 6.2% on Thursday after the food manufacturer issued fiscal 2027 earnings guidance below Wall Street expectations, following fourth-quarter results that matched analyst estimates on adjusted profit but came in below forecasts on revenue. The company reported fourth-quarter adjusted earnings per share of $0.39, in line with analyst consensus. Revenue reached…