Category: Top Story
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Alphabet’s AI Spending Signals, Amazon Earnings and Central Bank Decisions Drive Market Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures suggested a mixed start to trading on Wall Street as investors evaluated major technology earnings and the continued volatility in software stocks. Alphabet (NASDAQ:GOOG) attracted particular attention after indicating it could significantly increase investment to support its artificial intelligence expansion, while market focus is also shifting toward results from e-commerce giant Amazon…
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Nasdaq Slumps To Lowest Closing Level In Over A Month But Dow Rises
After weighing on the markets during Tuesday’s session, technology stocks showed another significant move to the downside during trading on Wednesday. The tech-heavy Nasdaq slumped to its lowest closing level in over a month after flirting with its record highs just a week. The Nasdaq ended the day off its lows of the session but…
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Levi Strauss shares climb as Jefferies launches coverage with Buy rating
Levi Strauss (NYSE:LEVI) shares rose more than 2% on Wednesday after Jefferies initiated coverage on the denim group with a Buy recommendation, citing improving market share prospects and a business mix that supports steady revenue and earnings growth. Jefferies said Levi is well positioned to deliver long-term annual revenue growth of around 4% to 5%…
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U.S. Markets Set for a Cautious Start After Prior Session’s Tech-Led Slide: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures are signaling a largely flat open on Wednesday, pointing to a tentative start to the session as investors digest the previous day’s losses and look for fresh direction. Futures showed little reaction even after payroll processor ADP reported a much weaker-than-expected increase in private sector hiring for January. According to ADP,…
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Taco Bell Owner Yum China Shares Climb After Q4 Results Beat Forecasts
Yum China Holdings, Inc. (NYSE:YUMC) reported fourth-quarter results on Wednesday that came in ahead of market expectations, supported by solid same-store sales momentum and strong growth in delivery, lifting its shares in premarket trading. The restaurant operator’s stock rose 1.50% ahead of the opening bell following the earnings release. Adjusted earnings per share for the…
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Eli Lilly Sets Buoyant Revenue Outlook as Demand for Weight-Loss Drugs Stays Strong
Eli Lilly (NYSE:LLY) issued a full-year revenue forecast that comfortably exceeded Wall Street expectations, reflecting sustained momentum behind its fast-growing weight-loss and diabetes medicines. Like many peers, the drugmaker has placed a major strategic bet on the expanding obesity and diabetes market, leaning on the success of its Zepbound and Mounjaro franchises. While both therapies…
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American Airlines CEO Isom Faces Growing Pilot Backlash After Underwhelming Performance
American Airlines Group Inc. (NASDAQ:AAL) CEO Robert Isom is coming under increasing scrutiny from the carrier’s pilots, who argue that his leadership has left the airline lagging behind rivals Delta Air Lines Inc. (NYSE:DAL) and United Airlines Holdings Inc. (NASDAQ:UAL) in terms of profitability. The Allied Pilots Association (APA), which represents roughly 16,000 pilots at…
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Nvidia’s AI Chip Shipments to China Still Paused as U.S. Security Review Drags On
Plans by Nvidia (NASDAQ:NVDA) to restart large-scale sales of its H200 artificial intelligence chips to China remain stalled nearly two months after U.S. President Donald Trump approved the exports, as Washington continues a national security review of the relevant license applications, the Financial Times reported on Tuesday. According to the report, U.S. authorities have yet…
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Banks Shop Oracle Data Center Debt to New Investors, FT Reports
Banks are looking to offload tens of billions of dollars in loans linked to Oracle’s (NYSE:ORCL) data center buildout, as lenders seek fresh pools of capital to absorb the scale of financing required, the Financial Times reported on Wednesday. According to the report, at least $56 billion of data center construction loans have already secured…
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Take-Two Stock Rallies on Upbeat Bookings Forecast Ahead of Planned “GTA VI” Release
Shares of Take-Two Interactive (NASDAQ:TTWO) rose sharply in U.S. premarket trading on Wednesday after the video game publisher delivered stronger-than-expected fiscal third-quarter results and upgraded its full-year outlook, pointing to accelerating net bookings. The company also reaffirmed its plan to release “Grand Theft Auto VI” in November, sticking with the updated timeline after twice postponing…