Category: Top Story
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PayPal shares fall after reported acquisition plan is abandoned
PayPal (NASDAQ:PYPL) shares fell 14.6% in pre-market trading to $52.49 after Bloomberg reported that a consortium comprising Advent International and Stripe had abandoned plans to acquire the digital payments company. The prospective transaction had attracted attention within the fintech sector after reports of takeover discussions emerged in recent months. Consortium reportedly offered $60.50 per share…
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Warsh, Nvidia, PayPal and oil in focus as U.S. futures trade little changed: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures were broadly steady on Friday after Nvidia (NASDAQ:NVDA) shares rallied following the chipmaker’s latest results, while investors turned their attention to Federal Reserve Chair Kevin Warsh’s scheduled speech at Jackson Hole. S&P 500 futures were flat, Nasdaq 100 futures declined 0.3% and Dow futures gained 0.2%. Elsewhere, PayPal (NASDAQ:PYPL) fell sharply in…
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Nvidia’s Blockbuster Outlook Reignites the AI Trade, Powering Nasdaq to a 1.6% Gain
Wall Street closed higher on Thursday as a stronger-than-expected forecast from Nvidia revived enthusiasm for the artificial intelligence trade that has driven the bull market. Technology shares led the advance, with the Nasdaq Composite outpacing the broader market by a wide margin, while gains in the Dow Jones Industrial Average were more restrained. The rally…
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Build-A-Bear shares tumble after lowering full-year outlook
Build-A-Bear Workshop Inc. (NYSE:BBW) shares fell 15.60% in pre-market trading on Thursday after the retailer lowered its fiscal 2026 outlook, overshadowing second-quarter earnings that came in slightly ahead of analyst expectations. The company reported adjusted earnings per share of $0.70 for the quarter ended August 1, beating the analyst consensus of $0.67. Total revenue, however,…
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Best Buy shares fall despite Q2 earnings and revenue beat
Best Buy Co., Inc. (NYSE:BBY) shares fell 3.94% in pre-market trading on Thursday despite the electronics retailer reporting second-quarter earnings and revenue above Wall Street forecasts, as investors focused on operating expenses and margins. Adjusted earnings per share reached $1.47, exceeding the analyst consensus of $1.35 by $0.12. Revenue increased 3.6% year over year to…
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Visa expands AI cybersecurity tools and advisory services
Visa (NYSE:V) has expanded its cybersecurity offering with an updated version of its open-source Visa Vulnerability Agentic Harness (VVAH) framework and the introduction of three advisory services through its Visa Consulting & Analytics (VCA) division. The developments broaden Visa’s use of artificial intelligence in cybersecurity, extending VVAH beyond vulnerability detection to include remediation and validation…
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U.S. stocks set for positive open as Nvidia earnings lift tech sentiment: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to a stronger opening on Thursday, with technology shares leading early gains after Nvidia (NASDAQ:NVDA) delivered better-than-expected quarterly results and an encouraging revenue outlook. Nasdaq 100 futures climbed around 1%, signalling renewed appetite for technology stocks after the major averages finished the previous session modestly lower. Nvidia shares surged 6.5% in…
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Dollar Tree shares slip despite strong Q2 earnings beat
Dollar Tree Inc. (NASDAQ:DLTR) shares fell around 3% in pre-market trading despite the discount retailer delivering second-quarter earnings and revenue above Wall Street expectations, as investors focused on a softer-than-anticipated outlook for the third quarter. Adjusted earnings per share reached $2.70, substantially ahead of the analyst consensus of $1.11. Revenue increased 7.0% year over year…
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Hormel Foods tops earnings expectations and raises profit outlook
Hormel Foods Corporation (NYSE:HRL) delivered better-than-expected third-quarter earnings on Thursday and raised its full-year adjusted profit guidance, although revenue came in below Wall Street forecasts. Shares of the global branded food company slipped 1.98% in pre-market trading following the release. Hormel reported adjusted earnings per share of $0.37, exceeding the analyst consensus of $0.35 by…
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Nvidia shares climb as 70% growth forecast signals AI investment boom has further to run
Nvidia (NASDAQ:NVDA) shares rose around 6% in premarket trading on Thursday after the chipmaker delivered a powerful long-term growth outlook, reinforcing expectations that global investment in artificial intelligence infrastructure will remain a major driver of demand for years to come. The company forecast revenue growth of 70% for its next fiscal year, ending January 2028,…