Category: Top Story
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PayPal shares slide after Q4 miss as Enrique Lores named next CEO
PayPal Holdings, Inc. (NASDAQ:PYPL) shares plunged more than 16% in premarket trading on Tuesday after the payments group posted fourth-quarter earnings and revenue below market expectations, overshadowing slightly better-than-expected guidance for fiscal 2026. Alongside the results, PayPal announced a major leadership transition. Enrique Lores has been appointed President and Chief Executive Officer, effective March 1,…
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Pfizer tops Q4 forecasts even as COVID-related sales slide
Pfizer (NYSE:PFE) reported lower fourth-quarter revenue as demand for its COVID-19 treatments continued to fade, but stronger performance in other areas—particularly vaccines for respiratory diseases—helped the pharmaceutical group beat market expectations. The company, which benefited massively from pandemic-driven demand for its COVID shots and antiviral therapies, has been working to rebalance its portfolio as vaccination…
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Capri Holdings jumps after Q3 results top forecasts
Capri Holdings Limited (NYSE:CPRI) reported stronger-than-expected third-quarter results on Tuesday, with both revenue and earnings coming in ahead of market expectations despite continued pressure on overall sales. Shares in Capri Holdings Limited climbed about 5.5% following the release. For the third quarter ended December 27, 2025, the luxury group delivered adjusted earnings of $0.81 per…
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U.S. Futures Signal Further Gains on Wall Street: Dow Jones, S&P, Nasdaq
Futures tied to the major U.S. stock indices are pointing to a higher open on Tuesday, suggesting equities could extend the momentum built in the previous session. Early strength is being driven in part by a sharp move in Palantir Technologies (NASDAQ:PLTR), with the AI-focused software company jumping about 11.7% in premarket trading. The rally…
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Space Shares Rise After $1.25 Trillion SpaceX–xAI Combination
Shares across the space sector moved higher on Tuesday after Elon Musk announced a merger between SpaceX and xAI that values the combined group at $1.25 trillion. The transaction marks a major step in Musk’s ambition to scale artificial intelligence infrastructure beyond Earth. He said the cheapest way to generate AI computing capacity will be…
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PepsiCo Tops Q4 Forecasts as Revenue Momentum Picks Up
PepsiCo, Inc. (NASDAQ:PEP) delivered better-than-expected fourth-quarter 2025 results, posting adjusted earnings per share of $2.26, ahead of the $2.24 consensus, while revenue reached $29.34 billion, beating forecasts of $28.98 billion. The food and beverages group reported organic revenue growth of 2.1% for the quarter, which it said reflected “a sequential acceleration in reported and organic…
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Pfizer Reports Promising Phase 2b Results for Obesity Candidate
Pfizer Inc. (NYSE:PFE) said its investigational obesity drug PF-08653944 delivered placebo-adjusted weight loss of up to 12.3% in a phase 2b clinical study, supporting its potential as a monthly injectable treatment. The trial evaluated the GLP-1 receptor agonist in adults who were obese or overweight but did not have type 2 diabetes. The phase 2b…
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Nvidia Shares Steady as OpenAI Explores Alternative AI Chip Suppliers
Nvidia (NASDAQ:NVDA) shares were little changed in extended trading on Tuesday, after falling 2.9% during the regular session, following a Reuters report that OpenAI is unhappy with aspects of Nvidia’s latest AI chips and has been looking at rival suppliers. According to the report, OpenAI began assessing alternative chipmakers last year, with a particular focus…
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Palantir Jumps After Record Sales and Upbeat Growth Outlook
Shares of Palantir Technologies (NASDAQ:PLTR) jumped more than 11% in U.S. premarket trading on Tuesday after the data analytics group delivered better-than-expected fourth-quarter results and unveiled a bullish revenue forecast for 2026. The company, which supplies data integration and analytics software to government bodies and commercial clients, reported adjusted earnings of $0.25 per share for…
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U.S. Futures Advance; SpaceX Buys xAI; Palantir Results Drive After-Hours Moves: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to the main U.S. equity benchmarks were higher ahead of a busy week of corporate earnings. Markets are reacting to news that Elon Musk’s SpaceX has agreed to acquire xAI in a blockbuster transaction valuing the combined group at more than $1 trillion, while Palantir (NASDAQ:PLTR) posted record quarterly revenue, lifting its shares…