Category: Top Story
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Home Depot shares slip as Q3 earnings come up short despite revenue beat
Home Depot (NYSE:HD) posted mixed third-quarter results on Tuesday, delivering higher-than-expected revenue but missing profit forecasts—sending the stock down 1.8% in early trading. The home improvement giant continues to face headwinds tied to consumer caution and a sluggish housing backdrop. The company reported adjusted EPS of $3.74, falling below Wall Street’s expected $3.84. Revenue reached…
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EU opens cloud computing investigations into Microsoft and Amazon under the DMA
The European Commission has initiated three separate inquiries into the cloud computing sector under the framework of the Digital Markets Act (DMA), placing Amazon Web Services and Microsoft Azure under scrutiny. Two of the probes will examine whether Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) should be formally designated as gatekeepers for their cloud services— a label…
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Bitcoin falls back under $90,000 as fading Fed-cut hopes fuel a broader risk-off shift
Bitcoin (COIN:BTCUSD) slid below the $90,000 mark on Tuesday for the first time in almost seven months, as doubts over the Federal Reserve’s next policy steps and continued delays in key U.S. economic data sapped demand for speculative assets. As of 00:22 ET (05:22 GMT), the world’s largest cryptocurrency was down 5.4% at $90,091.5. Over…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Extend Slide as Market Turbulence Continues; Home Depot Earnings and Microsoft’s AI Showcase Ahead
U.S. equity futures drifted lower early Tuesday, signaling another rough session after a global wave of risk-off sentiment hit stocks, commodities, and cryptocurrencies. The pullback comes as investors rethink whether the massive surge in enthusiasm for artificial intelligence can continue, with major U.S. benchmarks breaking below a widely watched technical threshold on Monday. Attention now…
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Ford partners with Amazon to bring certified pre-owned vehicles to online shoppers
Ford Motor Co. (NYSE:F) is rolling out a new digital retail initiative that will allow consumers to purchase certified pre-owned Ford vehicles directly through Amazon’s (NASDAQ:AMZN) online marketplace, expanding the automaker’s push into e-commerce. The program—launching first in Los Angeles, Seattle, and Dallas—will feature inventory from roughly 20 participating Ford dealerships, with more stores preparing…
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Nvidia earnings dominate market attention this week amid mounting concerns over an AI “bubble”
Nvidia’s (NASDAQ:NVDA) upcoming quarterly results are set to take center stage in the days ahead, as investors gauge whether the chipmaker can continue to justify its staggering valuation and the broader optimism surrounding artificial intelligence. The semiconductor powerhouse has seen its market value explode by roughly 1,000% since OpenAI launched the ChatGPT chatbot in late…
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Novo Nordisk CEO Says White House Pricing Deal Aims to Expand Wegovy Access
Novo Nordisk (NYSE:NOV) chief executive Mike Doustdar said Monday that the company’s newly announced agreement with the White House—aimed at lowering the cost of its leading weight-loss medicines—is intended to widen access through the U.S. Medicare system. “It would be a pity if this molecule (semaglutide) is only being used by the upper class and…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Stocks Poised for a Quiet Open as Traders Await Economic Data and Nvidia Results
U.S. equity futures pointed to a muted start on Monday, suggesting that Wall Street may struggle to find clear direction as investors await several delayed economic reports and key corporate earnings later in the week. Markets ended last Friday nearly unchanged after staging a notable intraday rebound, and traders appear hesitant to make bold moves…
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Five Market Themes to Watch in the Coming Week
Corporate earnings will take center stage in the days ahead, with artificial-intelligence leader Nvidia (NASDAQ:NVDA) set to deliver a closely watched quarterly update. Retail heavyweight Walmart (NYSE:WMT) is also on deck. Meanwhile, the end of the extended U.S. federal government shutdown means investors will finally get a fresh batch of official economic data. These releases…
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Alphabet set for sharp gains after Berkshire Hathaway unveils $4.3B position
Shares of Alphabet Inc. were poised for a strong jump on Monday, according to 24-hour trading data, after Warren Buffett’s conglomerate Berkshire Hathaway revealed a multibillion-dollar investment in the Google parent. Alphabet Inc. (NASDAQ:GOOGL) climbed 6.1% to $293.40 in Sunday evening after-hours trading on Robinhood, briefly touching gains of up to 7%. The rally follows…