Category: Top Story
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Wall Street set for weaker open as oil surge and earnings season dominate sentiment: Dow Jones, S&P, Nasdaq, Futures
Rising crude prices and geopolitical tensions weigh on investor outlook U.S. stock futures pointed lower on Wednesday, signalling a softer start to trading as investors assessed surging oil prices, escalating tensions between the United States and Iran, and a packed schedule of corporate earnings. Crude oil extended its recent rally after U.S. Central Command confirmed…
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Philip Morris shares edge lower despite second-quarter earnings beat and record revenue (NYSE:PM)
Strong quarterly results overshadowed by softer third-quarter outlook Philip Morris International Inc. (NYSE:PM) reported better-than-expected second-quarter 2026 results on Wednesday, but investors focused on weaker-than-anticipated third-quarter earnings guidance, sending the stock modestly lower. The tobacco company posted adjusted earnings per share of $2.20, comfortably ahead of the analyst consensus estimate of $2.03. Revenue reached a…
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Moody’s shares edge lower despite second-quarter earnings beat and strong revenue growth (NYSE:MCO)
Results exceed expectations as outlook disappoints investors Moody’s Corporation (NYSE:MCO) reported stronger-than-expected second-quarter 2026 results on Wednesday, although investors focused on a slightly softer full-year earnings outlook that weighed on the stock. The credit ratings and analytics company posted adjusted earnings per share of $4.68, comfortably ahead of the analyst consensus estimate of $4.21. Revenue…
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Reddit shares fall as reported Google AI licensing dispute raises traffic concerns (NYSE:RDDT)
Report points to tensions over AI data agreement Reddit (NYSE:RDDT) shares fell 5.8% in premarket trading on Wednesday after reports suggested the social media platform is considering restricting Google’s access to its content as negotiations continue over a new artificial intelligence data licensing agreement. According to a report by The Wall Street Journal, Reddit is…
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Powering Canada’s data centre future
Canada is rapidly emerging as a key destination for data centre development as artificial intelligence, cloud computing and digital transformation fuel unprecedented demand for digital infrastructure. Yet while much of the attention is focused on the facilities themselves, a critical challenge remains: securing reliable, scalable and cost-effective power to support increasingly energy-intensive workloads. This article…
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AT&T shares rise after second-quarter earnings beat and stronger subscriber growth (NYSE:T)
Earnings outperform as customer additions gather pace AT&T (NYSE:T) shares climbed 2.5% in premarket trading on Wednesday after the telecommunications company reported second-quarter results that exceeded earnings expectations, supported by continued momentum in broadband and wireless customer growth. The company posted earnings per share of $0.65, ahead of analysts’ consensus estimate of $0.59. Quarterly revenue…
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Alphabet earnings to test confidence in AI spending and the Magnificent Seven (NASDAQ:GOOG)
Investors focused on capital spending rather than earnings Alphabet (NASDAQ:GOOG) is set to report second-quarter 2026 earnings after Wednesday’s market close, with investors expected to focus less on headline financial results and more on the company’s artificial intelligence investment plans. According to Wolfe Research, capital expenditure will be the key metric to watch during this…
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SpaceX lock-up expiry could release $116 billion worth of shares (NASDAQ:SPCX)
More than 900 million shares set to become eligible for trading SpaceX (NASDAQ:SPCX) is preparing for one of the largest lock-up expirations in recent market history, with approximately 911.5 million shares worth around $116 billion scheduled to become eligible for trading on August 6. The company confirmed on Tuesday that it will publish its second-quarter…
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Wall Street awaits major tech earnings as oil prices extend gains: Dow Jones, S&P, Nasdaq, Futures
US stock futures edged lower on Wednesday as investors prepared for a packed earnings calendar led by several of the technology sector’s biggest names, while rising oil prices and escalating tensions in the Middle East added another layer of uncertainty to global markets. Market participants are looking to results from Alphabet, Texas Instruments and Tesla…
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Summer Rotation, Seasonal Opportunities, & The Return of Value
Sector rotation is becoming one of the defining themes of the second half of 2026 as investors reassess market leadership across technology, precious metals, healthcare, financials and small-cap stocks. In the July edition of The Market This Month, Canadian Securities Exchange Director of Listings Development Anna Serin is joined by Stonecastle Investment Management portfolio manager Bruce…