Category: Top Story
-
Fresh Del Monte beats Q3 profit estimates as focus on high-margin products lifts results
Fresh Del Monte Produce Inc. (NYSE:FDP) reported third-quarter adjusted earnings that topped expectations, driven by its continued shift toward higher-margin categories and portfolio optimization efforts. Shares rose modestly in premarket trading Wednesday following the announcement. The company posted adjusted earnings per share of $0.69, well ahead of the $0.50 analyst consensus, while revenue totaled $1.02…
-
Bloom Energy shares soar 18% as Q3 earnings and revenue crush expectations
Bloom Energy (NYSE:BE) surged more than 18% in premarket trading Wednesday after the clean energy company reported third-quarter results that handily beat analyst estimates, fueled by strong demand for its fuel-cell power systems and expanding AI-related partnerships. Revenue reached $519 million, well above the $428 million consensus, representing a 57.1% year-over-year increase.The company also posted…
-
Booking Holdings shares climb 2% after earnings top forecasts on robust travel demand
Booking Holdings (NASDAQ:BKNG) shares gained around 2% in premarket trading Wednesday after the online travel leader reported third-quarter earnings that surpassed Wall Street expectations, driven by resilient global travel demand despite ongoing economic and geopolitical uncertainty. The company posted earnings per share of $99.50, ahead of analyst estimates of $95.44, while revenue rose to $9…
-
Amrize shares rally as Q3 revenue tops forecasts, company lifts full-year outlook
Amrize AG (NYSE:AMRZ) climbed more than 5% in premarket trading Wednesday after the building materials giant delivered third-quarter revenue above expectations and raised its full-year revenue guidance, despite a slight earnings miss. The company posted revenue of $3.68 billion for the quarter, surpassing the $3.48 billion analyst consensus and marking a 6.6% year-over-year increase.However, earnings…
-
Ray Dalio Warns of AI-Driven Tech Bubble, and When It Might Finally Burst
Bridgewater Associates founder Ray Dalio cautioned on Tuesday that a bubble may be forming in large U.S. technology stocks fueled by the rapid adoption of artificial intelligence, but suggested it likely won’t burst until the Federal Reserve reverses its currently loose monetary stance. “There are a lot of bubbles right now,” Dalio said on CNBC.…
-
Tariffs Expected to Lift Costs and Stall U.S. Oil and Gas Projects in 2026, Deloitte Warns
The sweeping tariffs introduced by U.S. President Donald Trump are poised to raise operational expenses, strain supply chains, and slow investment growth across the oil and gas sector in 2026, according to a new report from Deloitte released on Wednesday. Why It Matters The energy sector’s globalized supply network makes it particularly vulnerable to trade…
-
Nvidia Closes In on $5 Trillion Valuation as AI Momentum Accelerates
Nvidia (NASDAQ:NVDA) is on the verge of making history, approaching a $5 trillion market capitalization following yet another powerful rally fueled by enthusiasm for artificial intelligence technologies. The surge places the chipmaker at the pinnacle of the AI revolution, solidifying its status as one of the most valuable companies in the world. Shares of the…
-
Ford Recalls 175,000 Vehicles in the U.S. Due to Moonroof Deflector Safety Risk
Ford Motor Company (NYSE:F) has issued a recall for nearly 175,000 vehicles in the United States after discovering a potential issue with moonroof wind deflectors that may become detached while driving, according to a notice released by the National Highway Traffic Safety Administration (NHTSA) on Wednesday. The recall covers multiple models across Ford’s lineup, including…
-
Thermo Fisher Set to Acquire Clario in $10 Billion Deal – FT
Thermo Fisher Scientific (NYSE:TMO), a leading player in the life sciences industry, is reportedly close to finalizing a deal to purchase clinical-trial technology company Clario for roughly $10 billion, according to the Financial Times, which cited sources familiar with the matter. An official announcement could come as early as Wednesday, provided that final negotiations are…
-
Stellantis Accelerates Toward Autonomous Future with Nvidia, Uber, and Foxconn Partnership
Stellantis N.V. (NYSE:STLA) has taken another major step into the autonomous driving arena, unveiling a new collaboration with Nvidia Corporation (NASDAQ:NVDA), Uber Technologies Inc. (NYSE:UBER), and Foxconn Technology Group (USOTC:FXCOF) to develop and deploy Level 4 autonomous vehicles for global robotaxi services. The move follows the automaker’s recent alliance with Pony.ai, signaling Stellantis’ accelerating push…