Category: Top Story
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Eli Lilly shares climb after stronger revenue outlook driven by obesity drugs
Eli Lilly (NYSE:LLY) rose more than 5% in pre-market trading on Wednesday after the pharmaceutical company increased its full-year revenue guidance, supported by continued strong demand for its blockbuster diabetes and weight-loss treatments. The revised outlook outweighed an earnings-per-share miss for the second quarter, as investors focused on accelerating sales growth and improved profitability expectations.…
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Uber shares slip as third-quarter earnings outlook disappoints investors
Uber Technologies (NYSE:UBER) traded lower in pre-market trading on Wednesday after issuing third-quarter earnings guidance that came in below Wall Street expectations, despite reporting solid second-quarter operating performance. The weaker outlook overshadowed stronger-than-expected gross bookings during the latest quarter and renewed investor focus on the company’s investment plans. Third-quarter EPS forecast misses consensus Uber expects…
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Kraft Heinz beats Q2 estimates and lifts 2026 outlook
Kraft Heinz (NASDAQ:KHC) traded slightly lower in pre-market trading on Wednesday despite reporting second-quarter results that exceeded market expectations and improving its full-year outlook. The food manufacturer posted earnings per share of $0.56, ahead of analysts’ forecast of $0.53. Revenue reached $6.26 billion, surpassing the consensus estimate of $6.11 billion. Organic sales remain under pressure…
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U.S. stocks set for stronger open as market rally gathers pace: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to another positive start on Wednesday, with investors looking to extend the strong rally that has lifted the Dow Jones Industrial Average and the S&P 500 to fresh record highs in recent sessions. Market sentiment continues to be supported by easing energy prices and optimism that negotiations to reopen the Strait…
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Telecom shares decline as SpaceX outlines plans for mobile network expansion
Shares of major U.S. wireless providers moved lower after SpaceX (NASDAQ:SPCX) revealed plans to develop a fully integrated mobile service, raising concerns that Starlink could eventually become a direct competitor to Verizon (NYSE:VZ), AT&T (NYSE:T) and T-Mobile (NASDAQ:TMUS). The announcement follows SpaceX’s acquisition of 65 megahertz of wireless spectrum from EchoStar in two transactions completed…
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SpaceX lock-up expiry set to become the next major test for shareholders
Attention is shifting to SpaceX (NASDAQ:SPCX) as the company’s first post-IPO lock-up period expires on Thursday, allowing as many as 912 million shares owned by employees, early investors and other pre-listing stakeholders to become eligible for sale. The event follows the company’s first earnings report as a public company and is expected to provide fresh…
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AMD shares retreat despite record revenue and upbeat outlook
Advanced Micro Devices (NASDAQ:AMD) shares fell 7.3% in pre-market trading after investors looked beyond another quarter of record revenue and stronger-than-expected guidance, focusing instead on weaker gross margins, rising capital expenditure and the loss of a major AI customer. The semiconductor company reported second-quarter 2026 revenue of $11.54 billion, a 50% increase from a year…
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SpaceX posts surging revenue in first results as public company, driven by Starlink and AI
SpaceX (NASDAQ:SPCX) almost doubled its revenue in its first quarterly earnings report since becoming a publicly traded company, as rapid expansion across its Starlink satellite network and artificial intelligence businesses fuelled growth. However, management also made clear that the company’s aggressive investment programme is set to continue. The Elon Musk-led group said it expects to…
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Middle East optimism lifts sentiment as SpaceX and AMD earnings dominate attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
US stock futures edged higher on Wednesday as investors reacted to renewed hopes of easing tensions in the Middle East, while corporate earnings from SpaceX (NASDAQ:SPCX), Advanced Micro Devices (NASDAQ:AMD) and Novo Nordisk (NYSE:NVO) drove significant pre-market trading. Although geopolitical developments supported overall market sentiment, investors also assessed company-specific news, particularly Elon Musk’s latest comments,…
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This junior gold and copper miner is just warming up
While investing in commodities central to global commerce is a sound strategy, supposing you’re after inflation hedges, as well as exposure to essential industries with long-term tailwinds, holding a share of metals or minerals in a vault doesn’t generate value, merely tapping your portfolio into economic sentiment surrounding your chosen commodities. In this scenario, returns…