Category: Top Story

Retail investors have scaled back gold purchases this quarter amid a decline in prices, according to JPMorgan, which pointed to easing demand for both exchange-traded funds (ETFs) and physical gold after strong inflows earlier in the year. “Since the start of 4Q, there has been a slowing in the retail impulse into gold amid the…

Deutsche Bank reported that foreign exchange volatility has dropped sharply as November begins, marking a major shift in market sentiment. The bank noted that EUR/USD 12-month implied volatility has now completely reversed its post-election surge following President Trump’s victory a year ago. According to the bank’s analysis, the market appears to have moved past the…

U.S. equities have strengthened in recent weeks, powered by renewed earnings momentum and expanding valuations — particularly in Technology and other growth-oriented sectors, according to Barclays. The bank said third-quarter results broadly outperformed expectations, with 81% of S&P 500 companies beating estimates, well above the long-term average of 76%. Year-over-year, earnings rose 11.6% while sales…

Bank of America Securities reported that its clients were heavy net sellers of U.S. equities last week, marking one of the largest selloffs on record and driven primarily by institutional investors. Total single-stock sales reached $10.9 billion, the highest level since November 2022 when measured as a percentage of the S&P 500’s market capitalization, according…

Morgan Stanley analysts believe Google Cloud could experience a sharp acceleration in growth next year, forecasting that the platform’s revenue may expand by more than 50% in 2026. In a recent note to clients, Morgan Stanley’s Brian Nowak wrote that the firm’s revised backlog model “outlines [a] path to 50%+ Google Cloud revenue growth in…

EchoStar Corporation (NASDAQ:SATS) shares edged up 1.98% in premarket trading Thursday, after the telecom group posted third-quarter revenue below expectations but highlighted progress in its ongoing transformation following recent multi-billion-dollar spectrum deals. Revenue for the quarter came in at $3.61 billion, missing the $3.73 billion analyst estimate and down from $3.89 billion in the same…

Planet Fitness, Inc. (NYSE:PLNT) shares surged more than 6% in premarket trading Thursday, after the fitness chain topped Wall Street expectations for both earnings and revenue and raised its full-year growth outlook. The company reported adjusted earnings of $0.80 per share for the third quarter, beating the analyst consensus of $0.73, while revenue grew 13.0%…

Canada Goose Holdings Inc. (NYSE:GOOS) saw its shares plunge 11.8% on Thursday after the luxury outerwear company’s second-quarter fiscal 2026 results fell short of market expectations, even as its direct-to-consumer (DTC) business posted double-digit growth. The company reported an adjusted loss of C$0.14 per share, missing analyst projections for a C$0.08 loss, while revenue came…

Granite Construction (NYSE:GVA) reported third-quarter results on Thursday that beat earnings expectations even as revenue came in below forecasts. The U.S. infrastructure builder continued to deliver strong margin expansion and record project bookings. The company posted adjusted earnings per share of $2.70, well above the analyst consensus of $2.36, while revenue reached $1.43 billion, short…

Under Armour (NYSE:UAA) reported second-quarter fiscal 2026 results that came in slightly ahead of expectations, although its full-year profit guidance fell short of analyst forecasts. Shares inched up modestly in premarket trading as of 07:10 ET. The sportswear manufacturer posted earnings of $0.04 per share, beating consensus estimates of $0.02, on revenue of $1.33 billion,…