Category: Top Story
-
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,…
-
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…
-
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…
-
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…
-
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,…
-
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…
-
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…
-
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…
-
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…
-
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…