Category: Top Story
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General Mills slides after trimming fiscal 2026 guidance
General Mills (NYSE:GIS) shares dropped 3.6% on Tuesday morning after the packaged food company lowered its outlook for fiscal 2026, pointing to a tougher consumer backdrop. The Minneapolis-based group, whose portfolio includes brands such as Cheerios and Betty Crocker, now expects organic net sales to decline between 1.5% and 2% in fiscal 2026. That compares…
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Tech Sector Drag Could Pressure Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures are signaling a weaker start to Tuesday’s session, with equities poised to decline as markets reopen after the extended Presidents’ Day holiday weekend. Technology shares are expected to remain a source of pressure, highlighted by a 0.9% drop in Nasdaq 100 futures. Investor unease surrounding the rapid expansion of artificial intelligence infrastructure…
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U.S.-Iran talks loom; Palo Alto Networks earnings ahead – what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures fluctuated on Tuesday as investors looked ahead to fresh economic data and another round of corporate earnings. A continued rotation out of technology stocks and into more defensive sectors remains a key theme, amid renewed debate about the impact of artificial intelligence developments and heavy capital spending on long-term profitability. Meanwhile, Brent…
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Holiday week brings fresh data, earnings and renewed U.S.–Iran talks to the fore: Dow Jones, S&P, Nasdaq, Wall Street Futures
Markets are heading into a shortened trading week packed with economic releases and major corporate earnings, while geopolitical developments between Washington and Tehran are keeping energy traders alert. Oil prices are holding in a narrow range ahead of new nuclear talks in Switzerland, Warner Bros. Discovery is reportedly reassessing a takeover proposal, and both gold…
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Would a stock market crash spark a global recession? Capital Economics weighs in
A sharp correction in equity markets would weigh on global activity, but by itself is unlikely to push the world into recession, according to fresh research from Capital Economics. In a note published Wednesday, Chief Global Economist Jennifer McKeown said that while falling share prices can magnify economic weakness, history suggests that “the causality almost…
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Can iron ore prices stay supported as new supply ramps up and China cools?
Iron ore has underperformed the wider metals complex as Chinese demand eases and supply remains ample. Still, analysts at Morgan Stanley argue the market is more resilient than it looks, pointing to a steelmaking mix that continues to favour blast furnaces and to rising costs that help underpin prices. China’s steel output has softened while…
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U.S. Stocks Close Little Changed On The Day But Sharply Lower For The Week
After showing a lack of direction early in the session, stocks saw some strength in afternoon trading on Friday before once again giving back ground going into the end of the day. The major averages eventually ended the day narrowly mixed. While the tech-heavy Nasdaq dipped 50.48 points or 0.2 percent to 22,546.67, adding to…
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Wells Fargo sees continued expansion in credit card lending this year
Wells Fargo expects overall loan growth to continue this year, with credit cards and auto lending leading the way, while its mortgage business is showing signs of stabilizing after a prolonged downturn, Chief Financial Officer Mike Santomassimo said on Tuesday. Speaking at the UBS Financial Services Conference, Santomassimo highlighted steady momentum in the card portfolio.“On…
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U.S. CPI Cools, Wall Street Eyes Rebound After Tech-Led Sell-Off: Dow Jones, S&P 500 and Nasdaq Futures
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a slightly higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session. The futures had been pointing to continued weakness on Wall Street but regained ground following the release of the Labor Department’s highly anticipated report…
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U.S. CPI Inflation Cools to 2.4% in January as Consumer Prices Rise Less Than Expected
The Labor Department released a highly anticipated report on Friday showing consumer prices in the U.S. increased by slightly less than expected in the month of January. The report said the consumer price index rose by 0.2 percent in January after climbing by 0.3 percent in December. Economists had expected prices to rise by another…