Category: Top Story
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Weak July Jobs Report Eases Rate Fears as S&P 500 Sets a Record
Wall Street ended the week on a strong note Friday, with all three major indexes closing higher after a surprisingly weak July jobs report convinced investors that the Federal Reserve is unlikely to raise interest rates any time soon. The Labor Department said the economy lost 23,000 jobs in July, while the unemployment rate held…
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Wendy’s Tops Second-Quarter Expectations but Cuts Dividend and Suspends 2026 Guidance
The Wendy’s Company (NASDAQ:WEN) reported stronger-than-expected second-quarter results, but also announced a lower dividend and withdrew its full-year financial outlook as the company’s new management team begins implementing a turnaround strategy. Earnings Beat Wall Street Forecasts Wendy’s posted adjusted earnings of $0.18 per share for the second quarter, exceeding analysts’ consensus estimate of $0.17. Revenue…
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U.S. Stocks Poised for Higher Open as Weak Jobs Report Boosts Rate Cut Hopes: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to a stronger open on Friday after a weaker-than-expected July employment report eased concerns that the Federal Reserve could raise interest rates again in the near term. Futures accelerated higher following the release of the latest Labor Department data, with investors interpreting the softer labour market figures as reducing the likelihood…
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Cloudflare Shares Surge After Strong Second-Quarter Results and Higher 2026 Outlook
Cloudflare (NYSE:NET) shares jumped around 16% in premarket trading on Friday after the cloud networking and cybersecurity company reported second-quarter results that exceeded Wall Street expectations and raised both its quarterly and full-year guidance. The company delivered better-than-expected earnings and revenue, reflecting continued demand for its cloud infrastructure and artificial intelligence services. Revenue and Earnings…
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Airbnb Beats Second-Quarter Expectations and Raises 2026 Forecast as Travel Demand Strengthens
Airbnb (NASDAQ:ABNB) shares climbed more than 8% in premarket trading on Friday after the online accommodation platform reported second-quarter results that exceeded Wall Street forecasts and upgraded its outlook for the full year. Strong travel demand, rising booking volumes and higher average daily rates supported the company’s performance. Airbnb posted earnings of $1.37 per share,…
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T-Mobile CEO Says Starlink’s Competitive Threat to Mobile Networks Is Overstated
The competitive risk posed by satellite providers such as Starlink has been overstated, according to T-Mobile (NASDAQ:TMUS) Chief Executive Srini Gopalan, who argued that traditional mobile operators remain well positioned to meet consumers’ connectivity needs. Speaking in an interview with the Financial Times, Gopalan questioned the role satellite-based mobile services are expected to play and…
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Meta Ordered to Pay $567 Million in Landmark Child Safety Ruling
Meta Platforms Inc (NASDAQ:META) has been ordered by a New Mexico court to pay $567 million into a dedicated fund supporting initiatives to address harm experienced by young users, in one of the most significant legal decisions to date involving child safety and social media platforms. The decision was issued by Judge Bryan Biedscheid of…
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US Jobs Report in Focus as Middle East Tensions and Corporate News Shape Markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
US stock futures traded close to unchanged on Friday as investors awaited the latest employment data, a key release that could influence the Federal Reserve’s next interest rate decision. Markets were also monitoring renewed geopolitical tensions in the Middle East following a fresh Houthi attack on Saudi Arabia, while reports suggested Iran and Oman are…
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Dow Slips From Record as Rising Yields and Oil Weigh on Wall Street
Stocks pulled back on Thursday, with the Dow Jones Industrial Average leading the retreat as climbing Treasury yields, firmer oil prices, and a heavy run of corporate earnings gave investors reason to lock in some profits. The blue-chip index slipped from the record territory it reached earlier in the week, snapping a five-day winning streak,…
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Wall Street futures signal muted start as investors await U.S. jobs report: Dow Jones, S&P, Nasdaq
U.S. stock futures were little changed ahead of Thursday’s opening bell, pointing to another cautious session as investors looked ahead to Friday’s closely watched employment report for fresh clues on the Federal Reserve’s next policy move. Markets are expected to remain rangebound as traders avoid taking large positions before the release of July’s non-farm payrolls…