Category: Top Story
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Walmart shares slide as slower U.S. comparable sales overshadow earnings beat
Walmart Inc. (NASDAQ:WMT) shares fell around 6% in premarket trading on Thursday after the retail giant reported stronger-than-expected second-quarter earnings and revenue, but disappointed investors with weaker comparable sales growth at its U.S. stores. Adjusted earnings came in at $0.81 per share, beating the analyst consensus of $0.74 by $0.07. Revenue increased 5.9% year on…
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Deere shares rise as fiscal Q3 earnings and revenue beat forecasts
Deere & Co. (NYSE:DE) shares gained more than 3% in premarket trading on Thursday after the agricultural equipment manufacturer delivered fiscal third-quarter results that exceeded Wall Street expectations on both revenue and earnings. The company reported earnings of $5.10 per share, comfortably ahead of the analyst consensus of $4.69. Revenue increased 5% year on year…
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Alibaba shares slip as Q2 profit miss overshadows accelerating AI cloud growth
Alibaba (NYSE:BABA) shares fell around 4% in U.S. premarket trading on Thursday after the Chinese e-commerce and cloud computing group reported second-quarter earnings below market expectations, despite stronger revenue and rapid growth across its artificial intelligence cloud operations. The company posted earnings per share of RMB8.52, falling short of the analyst consensus of RMB10.72. Quarterly…
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Moderna shares slide as investors lock in gains after historic cancer vaccine rally
Moderna (NASDAQ:MRNA) shares fell sharply in premarket trading on Thursday as investors took profits following the biggest one-day rally in the biotechnology company’s history, while concerns over valuation added to the selling pressure. The stock dropped 13.0% to $151.78 before the opening bell, having closed the previous session at $174.38 following an extraordinary surge triggered…
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Stallion Uranium: How Drilling is “Delivering the Goods”
Matt Schwab is a proven mine-finder who now believes that he has another major discovery in his sights. This accomplished geologist has considerable credibility to back up his confidence: he led the exploration team that made the multi-billion-dollar Arrow uranium deposit in 2014 in the remote southwestern portion of Saskatchewan’s famed Athabasca Basin. This allowed…
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Fed minutes, Walmart earnings and $40 trillion U.S. debt in focus for markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures edged higher on Thursday after a Treasury intervention helped stabilise government bond markets and supported Wall Street in the previous session. Investors were also assessing more hawkish Federal Reserve minutes, awaiting earnings from Walmart (NYSE:WMT) and monitoring renewed U.S. pressure on Iran as the country’s national debt crossed $40 trillion for the…
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Copper has a timing problem; El Domo is racing the clock
Copper’s challenge is not a lack of resources in the ground. What it has lacked, cycle after cycle, is supply that shows up on time. That gap — between when the world needs copper and when new mines can actually deliver it — is now the central fact of the market, and it’s what makes…
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Stocks Grind Higher as Treasury Buyback Plan Eases Bond Yields
U.S. stocks closed modestly higher on Wednesday, with all three major indexes shaking off recent tech-led weakness as a pullback in Treasury yields steadied sentiment. The move came after the Treasury Department signaled it would step up buybacks of longer-dated government bonds, a step markets read as an effort to rein in borrowing costs after…
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Markets in Motion: Earnings and easier financial conditions support outlook
Markets in Motion examines earnings, financial conditions, copper, gold and shifting sector momentum as investors look toward the fall.
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Lowe’s Cuts Full-Year Sales Outlook as DIY Spending Remains Under Pressure
Lowe’s (NYSE:LOW) has lowered its full-year sales forecast as persistent weakness in spending on major home improvement projects continues to weigh on the retailer, with CEO Marvin Ellison pointing to a challenging environment for discretionary DIY purchases. Shares of Lowe’s fell more than 2% in Wednesday premarket trading following the updated outlook. High interest rates…