Category: Top Story
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Kraft Heinz slides as 2026 outlook disappoints despite Q4 earnings beat
Kraft Heinz (NASDAQ:KHC) shares dropped 6.3% on Wednesday after the packaged food maker topped fourth-quarter profit expectations but delivered a weaker-than-anticipated outlook for fiscal 2026, alongside plans for a $600 million push to reignite growth. For the fourth quarter, the company posted adjusted earnings of $0.67 per share, ahead of the $0.61 analysts had forecast.…
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FDA clears Merck’s KEYTRUDA and KEYTRUDA QLEX for platinum-resistant ovarian cancer
The U.S. Food and Drug Administration has granted approval to Merck & Co. (NYSE:MRK) for the use of KEYTRUDA and KEYTRUDA QLEX, in combination with paclitaxel, with or without bevacizumab, to treat adults with platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal cancer whose tumors express PD-L1, the company said Monday. The authorization applies to…
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Gold miners advance as weaker dollar lifts bullion
Shares of gold mining companies moved higher in premarket trading Wednesday, tracking gains in bullion prices as the U.S. dollar softened and Treasury yields declined. Spot gold climbed 0.8% to $5,066.68 an ounce, with market participants looking ahead to the release of key U.S. employment data for further clues on the Federal Reserve’s interest rate…
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Robust Jobs Report Points to Higher Open for U.S. Stocks: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures are indicating a stronger start to Wednesday’s session, suggesting equities could rebound after Tuesday’s subdued trading. The advance in futures follows the release of a widely watched Labor Department report showing U.S. job growth in January far exceeded expectations. According to the report, nonfarm payrolls increased by 130,000 in January, following…
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Ford Q4 profit misses estimates, but 2026 guidance seen as solid
Ford Motor (NYSE:F) reported fourth-quarter earnings that fell short of profit expectations but exceeded revenue forecasts, while issuing a stronger outlook for 2026 despite rising tariff-related costs. Shares were marginally higher in premarket trading Wednesday, up less than 1%. The Dearborn, Michigan-based automaker posted adjusted earnings of $0.13 per share for the fourth quarter, missing…
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Robinhood falls after revenue miss despite earnings beat
Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) dropped more than 6% in premarket trading on Wednesday after the online brokerage reported fourth-quarter revenue that came in below Wall Street expectations. Although the company delivered record annual performance and topped earnings estimates, the revenue shortfall appeared to dampen investor enthusiasm, even as margin balances and subscription growth…
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Lyft plunges 17% after revenue miss and cautious outlook
Shares of Lyft (NASDAQ:LYFT) sank more than 17% in premarket trading on Wednesday after the ride-hailing company posted fourth-quarter results that fell short of revenue expectations. Quarterly revenue totaled $1.6 billion, below the $1.76 billion consensus forecast. Lyft noted that results were impacted by a $168 million headwind tied to legal, tax, and regulatory reserve…
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Nvidia to invest over NT$40 billion in Taiwan headquarters – report
Nvidia (NASDAQ:NVDA) is set to invest more than NT$40 billion to establish its first overseas headquarters in Taiwan, according to a report from ETtoday citing Taipei Mayor Chiang Wan-an. Taipei’s city government signed an agreement with Nvidia on Wednesday to move forward with the headquarters development. The land royalties associated with the project are reportedly…
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Cloudflare jumps on strong revenue outlook and Q4 beat
Cloudflare (NYSE:NET) posted better-than-expected quarterly results on Tuesday, with revenue guidance for both the current quarter and full-year 2026 coming in ahead of Wall Street forecasts. Class A shares of the cloud networking and cybersecurity company climbed more than 14% in premarket trading on Wednesday following the announcement. Cloudflare operates one of the largest global…
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U.S. payrolls in focus; Ford absorbs $900 million tariff charge – markets in motion: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to the main U.S. equity benchmarks edged higher ahead of a closely watched employment report that could shape expectations for Federal Reserve rate policy later this year. Ford Motor Company (NYSE:F) recorded a sizeable charge related to a delay in U.S. tariff relief, but stronger-than-anticipated guidance supported its shares in extended trading. Meanwhile,…