Category: Top Story
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SpaceX pushes Starship Flight 13 launch to Friday because of weather
Space Exploration Technologies Corp (NASDAQ:SPCX) has delayed the 13th test flight of its Starship launch system until Friday after unfavorable weather conditions prevented a planned Thursday liftoff from the company’s Starbase facility in Texas. The postponement gives SpaceX another opportunity to conduct the mission under conditions that better support one of the flight’s primary engineering…
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Middle East tensions and new U.S. tariffs dominate market attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures edged higher on Friday as investors balanced escalating geopolitical tensions in the Middle East against encouraging corporate earnings from the technology sector. Markets also assessed the impact of fresh U.S. trade tariffs and ongoing developments in artificial intelligence, while stronger-than-expected results from Intel provided support for sentiment. Futures recover after previous market…
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AI Spending Jitters and $100 Oil Sink Wall Street; Nasdaq Drops 2.2%
Stocks fell sharply on Thursday as a jump in oil prices collided with fresh worries about how much big technology companies are spending to build out artificial intelligence. A surge in crude past $100 a barrel, driven by escalating tensions in the Middle East, stoked inflation fears and pushed Treasury yields to their highest levels…
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IMAX shares rise after second-quarter earnings surpass expectations (NYSE:IMAX)
IMAX Corporation (NYSE:IMAX) reported stronger-than-expected second-quarter results on Thursday, sending its shares more than 7% higher in premarket trading as record box office performance and network expansion boosted revenue and profitability. The cinema technology company benefited from the exceptional global debut of Christopher Nolan’s The Odyssey, which delivered one of the strongest IMAX openings on…
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Harley-Davidson raises 2026 outlook after second-quarter earnings beat (NYSE:HOG)
Harley-Davidson (NYSE:HOG) reported stronger-than-expected second-quarter results on Thursday, although the motorcycle maker’s shares edged lower in premarket trading as investors assessed the company’s latest outlook and broader market conditions. The company topped Wall Street’s earnings and revenue forecasts while increasing its full-year guidance across several key financial and operating measures. Earnings and revenue exceed forecasts…
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SpaceX short sellers build $15.5 billion paper profit as shares extend post-IPO decline (NASDAQ:SPCX)
SpaceX (NASDAQ:SPCX) short sellers have amassed an estimated $15.5 billion in unrealized gains as the aerospace company’s shares continue to retreat from the highs reached shortly after its public market debut, according to data from Ortex Technologies cited by Reuters. The stock has fallen below its initial public offering price, marking a sharp reversal after…
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Wall Street set for lower open as Alphabet and Tesla disappoint while oil prices climb: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures pointed lower on Thursday, with investors preparing for a weaker start to trading after disappointing reactions to earnings from Alphabet and Tesla combined with renewed geopolitical tensions pushed market sentiment lower. Rising oil prices and concerns over the growing cost of artificial intelligence investment also added to pressure on equities. Tech earnings…
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Comcast beats second-quarter estimates as broadband and wireless momentum strengthens (NASDAQ:CMCSA)
Comcast (NASDAQ:CMCSA) shares rose around 3% in premarket trading on Thursday after the media and telecommunications company reported second-quarter earnings ahead of Wall Street expectations, supported by improving broadband performance and record wireless customer growth. The results also highlighted stronger profitability across several business segments, including Peacock, which achieved its first profitable quarter. Earnings exceed…
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Honeywell Technologies beats second-quarter forecasts after aerospace spin-off (NASDAQ:HON)
Honeywell Technologies (NASDAQ:HON) reported stronger-than-expected second-quarter earnings and raised its full-year profit guidance, marking its first quarterly results as a standalone automation company following the separation of its aerospace business. The results were supported by higher organic sales, expanding margins and continued strength in its Building Automation division, sending shares modestly higher in early trading.…
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Lockheed Martin raises full-year outlook after strong second-quarter results (NYSE:LMT)
Lockheed Martin (NYSE:LMT) shares surged more than 7% in premarket trading on Thursday after the defence contractor reported second-quarter earnings and revenue above market expectations while raising its full-year financial guidance. The improved outlook was driven by stronger production across the company’s business segments, particularly within its missile programmes, alongside robust cash generation and a…