Category: Top Story
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Target Raises Full-Year Sales Outlook as Turnaround Efforts Gain Traction
Target (NYSE:TGT) has increased its annual sales forecast for a second consecutive quarter, offering further signs that the retailer’s turnaround strategy under new CEO Michael Fiddelke may be beginning to deliver results. Excluding the impact of a tariff refund, Target now expects full-year earnings per share to be $0.75 higher at the midpoint than its…
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U.S. Stocks Set for Rebound as Oil and Treasury Yields Retreat: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to a stronger opening on Wednesday, suggesting Wall Street could recover some of its recent losses as crude oil prices and Treasury yields pulled back. Futures gained momentum as U.S. crude reversed course after advancing strongly during the previous three sessions. Oil futures slipped into negative territory after earlier climbing as…
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Globex Mining: What If the Smartest Mining Bet Isn’t a Mine?
Join host Lyndsay Malchuk on Market Frontlines for a thought-provoking conversation with David Christie, President and COO of Globex Mining Enterprises (USOTC:GLBXF) (TSX:GMX). While most mining companies bet everything on a single flagship asset, Globex has quietly built one of the most diversified mineral portfolios in the sector—spanning hundreds of properties, multiple commodities, and numerous…
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Estée Lauder Shares Rise as Fiscal 2027 Profit Outlook Beats Forecasts
Estée Lauder (NYSE:EL) shares moved sharply higher after the beauty group issued a fiscal 2027 profit forecast that came in above Wall Street expectations, supported by resilient demand for premium fragrances and improving performance across important markets. The company also delivered better-than-expected fourth-quarter results. Earnings per share reached $0.39, exceeding the analyst consensus of $0.32…
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OpenAI Q2 Growth Trails Anthropic as Operating Loss Widens, WSJ Says
OpenAI (NASDAQ:OAI) recorded an 18% increase in revenue during the second quarter, but its operating loss expanded considerably as the ChatGPT developer struggled to keep pace with rival Anthropic, according to The Wall Street Journal, citing people familiar with the companies’ financial results. OpenAI reportedly told investors that revenue reached $6.7 billion during the three…
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Dollar Tree Shares Rise After Jefferies Upgrade on Improving Store Traffic
Dollar Tree (NASDAQ:DLTR) shares gained around 1% in U.S. pre-market trading after Jefferies upgraded the discount retailer to Hold from Underperform, citing improving customer traffic and a reduced risk of further market-share losses in the near term. Analysts led by Corey Tarlowe said Dollar Tree’s operating story has returned to being “simple and straightforward.” Jefferies’…
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U.S. Futures Little Changed After Semiconductor-Led Selloff: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures traded close to flat on Wednesday as investors assessed the previous session’s semiconductor-driven decline and rising government bond yields while awaiting fresh signals from the Federal Reserve. At 03:11 ET (07:11 GMT), Dow futures were up 42 points, or 0.1%, while S&P 500 futures were broadly unchanged. Nasdaq 100 futures slipped 40…
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Chip Selloff and Rising Bond Yields Drag Nasdaq Down 1.3% as Wall Street Retreats
U.S. stocks closed lower on Tuesday, with technology shares leading a broad pullback as a sharp selloff in semiconductor stocks and a renewed climb in bond yields rattled investor confidence. Growing anxiety about inflation and mounting government debt kept Treasury yields elevated throughout the session, pressuring the high-growth names that have powered much of this…
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American Airlines Expands Premium Seating and Restores Seatback Screens Across Fleet
American Airlines (NASDAQ:AAL) plans to significantly expand premium seating and restore seatback entertainment screens across its narrowbody fleet as the carrier seeks to improve its competitive position against Delta Air Lines (NYSE:DAL) and United Airlines (NASDAQ:UAL). The Fort Worth-based airline said premium seats are expected to account for around 40% of capacity on narrowbody departures…
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Disney Takes FCC to Court Over Early Review of ABC Station Licenses
Disney (NYSE:DIS) and its ABC unit filed a lawsuit against the Federal Communications Commission on Tuesday, seeking to prevent the regulator from conducting an early review of licenses covering eight ABC television stations. The company alleges that the unusual review amounts to retaliation by the Trump administration against the network and represents an attempt to…