Category: Top Story
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Restaurant Brands tops second-quarter earnings forecasts as Burger King drives growth
Restaurant Brands International Inc. (NYSE:QSR) reported second-quarter results ahead of Wall Street earnings expectations on Thursday, with strong performance from Burger King helping to accelerate comparable sales growth despite mixed results across its other brands. Adjusted earnings came in at $1.07 per share, beating analysts’ consensus estimate of $1.04. Revenue totaled $2.52 billion, in line…
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Alphabet launches 10-part bond sale to support massive AI investment plans
Alphabet Inc. (NASDAQ:GOOG) has returned to the U.S. corporate bond market with a 10-part benchmark debt offering as the technology giant seeks to finance a major expansion of its artificial intelligence infrastructure. According to Bloomberg News, the transaction is expected to price today and includes both fixed- and floating-rate securities with maturities ranging from two…
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Fox beats fourth-quarter estimates as World Cup advertising drives record revenue
Fox Corporation (NASDAQ:FOX) reported stronger-than-expected fourth-quarter results on Thursday, with advertising revenue from the FIFA Men’s World Cup helping the media company comfortably exceed Wall Street forecasts for both earnings and revenue. Shares rose around 4% in premarket trading following the announcement. Adjusted earnings came in at $1.79 per share, outperforming analysts’ consensus estimate of…
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eBay beats second-quarter expectations but mixed guidance limits share gains
eBay Inc. (NASDAQ:EBAY) reported stronger-than-expected second-quarter earnings and revenue, although the stock posted only modest gains in premarket trading on Thursday after the online marketplace issued mixed guidance for the current quarter. The results mark the company’s first earnings release since it rejected an unsolicited multibillion-dollar takeover proposal from GameStop, led by Ryan Cohen. Adjusted…
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AI momentum stocks retreat as earnings season sparks technology selloff
Technology shares linked to the artificial intelligence boom came under renewed pressure on Thursday, as another wave of corporate earnings prompted investors to take profits from some of the market’s biggest winners. The weakness spread across Asia before carrying into U.S. premarket trading, where several high-profile AI-related names extended recent declines. Storage stocks lead premarket…
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Honeywell Aerospace shares tumble after company cuts 2026 guidance
Honeywell Aerospace (NASDAQ:HONAV) shares fell nearly 12% in premarket trading on Thursday after the aerospace manufacturer reduced its 2026 sales growth forecast and issued a full-year earnings outlook that came in well below Wall Street expectations. The aircraft engine, aerospace components and defence systems producer now expects organic sales growth of between 4% and 5%…
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Western Digital beats forecasts and raises outlook, but shares fall in premarket trading
Western Digital Corporation (NASDAQ:WDC) reported better-than-expected fourth-quarter results on Wednesday, surpassing Wall Street estimates for both earnings and revenue. However, the storage technology company’s shares fell more than 14% in premarket trading on Thursday as investors were left unimpressed by its forward guidance despite it exceeding consensus forecasts. Adjusted earnings per share came in at…
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Sandisk shares slide as cautious guidance overshadows strong AI-driven growth
Sandisk (NASDAQ:SNDK) shares fell in premarket trading on Thursday after the flash memory manufacturer issued first-quarter guidance that failed to meet investors’ elevated expectations, despite another quarter of exceptional growth fuelled by artificial intelligence demand. The company forecast fiscal first-quarter 2027 revenue of between $10.3 billion and $10.8 billion, broadly in line with market forecasts…
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Moderna secures FDA approval for its first mRNA influenza vaccine
Moderna (NASDAQ:MRNA) announced on Thursday that the U.S. Food and Drug Administration has approved its influenza vaccine, mFLUSIVA, for adults aged 50 and over. The decision marks the company’s first mRNA-based flu vaccine and the fourth product from Moderna to receive FDA approval. The biotechnology group expects to begin distributing mFLUSIVA to selected U.S. retailers…
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US futures steady as Iran negotiations, earnings and economic data dominate attention: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures traded with little direction on Thursday as investors monitored diplomatic developments involving Iran, assessed another round of corporate earnings and looked ahead to key labour market data due later this week. At 01:17 ET (05:17 GMT), Dow Jones futures were up 122 points, or 0.2%, while S&P 500 futures also gained…