Category: Top Story
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Dow Jones, S&P, Nasdaq, Futures, Wall Street Eyes Lower Open as U.S. Shutdown Sparks Uncertainty
U.S. stock index futures were pointing to a weaker start on Wednesday, with markets bracing for a potential pullback following a string of recent gains. The shift in sentiment came after the federal government entered a shutdown early this morning, as lawmakers once again failed to agree on a short-term funding measure. The standoff stems…
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Conagra Brands shares climb after Q1 earnings surpass expectations amid inflationary pressures
Conagra Brands, Inc. (NYSE:CAG) saw its stock rise approximately 2.1% in premarket trading Wednesday after reporting first-quarter fiscal 2026 results that beat analyst forecasts, despite ongoing challenges from inflation and cautious consumer demand. The Chicago-based food company posted adjusted earnings per share of $0.39 for the quarter ending August 24, exceeding the expected $0.33 by…
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Peloton shares climb on AI-driven coaching launch and new cross-training lineup
Peloton Interactive (NASDAQ:PTON) saw its stock rise 4% in premarket trading Wednesday following the rollout of an upgraded product suite featuring AI-based personal coaching and a new Cross Training Series. The company introduced Peloton IQ, a system combining artificial intelligence and computer vision to offer tailored guidance for users. Alongside this, Peloton launched its Cross…
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RPM beats revenue forecasts, updates full-year guidance; shares slide
RPM International (NYSE:RPM) reported fiscal first-quarter results in line with profit expectations, while revenue exceeded analyst estimates, prompting the company to revise its outlook. Shares fell 5% in premarket trading on Wednesday as of 07:06 ET. The company posted earnings of $1.88 per share, matching analyst projections. Revenue climbed 7.4% year over year to a…
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Corteva announces plan to create two independent companies
Corteva (NYSE:CTVA) has revealed plans to split into two separate entities, separating its Crop Protection and Seed divisions. The agricultural giant will carry out the separation through a spin-off of its Seed business, the company said in a statement. The transaction is projected to finalize in the second half of 2026. Once completed, the split…
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Cal-Maine Foods shares fall after Q1 profit misses expectations
Shares of Cal-Maine Foods (NASDAQ:CALM), the largest egg producer in the U.S., dropped more than 2% in premarket trading after the company reported first-quarter earnings that came in below analyst forecasts. The company posted Q1 earnings of $4.12 per share, missing expectations of $4.65. Revenue for the quarter reached $922.6 million, up 17.4% compared with…
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Acuity surpasses Q4 earnings estimates despite slight revenue shortfall
Acuity Inc. (NYSE:AYI) exceeded analyst expectations for fourth-quarter adjusted earnings, even as its revenue came in slightly below projections. The industrial technology firm reported adjusted earnings per share of $5.20, beating the consensus of $4.84, while revenue reached $1.21 billion, just below the anticipated $1.23 billion. Year-on-year, fourth-quarter revenue rose 17.1%, driven by robust performance…
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Occidental Petroleum shares rise amid Berkshire Hathaway talks for OxyChem unit
Shares of Occidental Petroleum (NYSE:OXY) climbed 1.3% in premarket trading after reports indicated that Berkshire Hathaway (NYSE:BRK.A), led by Warren Buffett, is in negotiations to acquire Occidental’s OxyChem petrochemical division. The Wall Street Journal reported on Tuesday that the discussions involve a potential transaction valued at around $10 billion. According to the report, the deal…
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GM issues recall for 23,700 Chevrolet Equinox EVs over pedestrian alert sound concern
General Motors (NYSE:GM) is initiating a recall affecting 23,700 units of certain 2024 Chevrolet Equinox EVs due to a problem with the pedestrian alert sound system. A notice submitted to the National Highway Traffic Safety Administration (NHTSA) explained that the system in these electric vehicles may not sufficiently adjust the alert volume when the car…
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Nvidia’s $100 Billion OpenAI Deal Sparks Bubble Fears, Says Anderson
James Anderson, a former investment manager at Baillie Gifford, has voiced concerns over potential bubble-like dynamics in the AI industry, highlighting Nvidia’s (NASDAQ:NVDA) $100 billion commitment to OpenAI as a key point of worry. Anderson, who calls himself a “huge admirer” of Nvidia, told the Financial Times that the company’s significant OpenAI investment gave him…