Category: Top Story
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Dow Jones, S&P, Nasdaq, Wall Street Futures Flat as Investors Weigh Banking Risks and Trade Tensions
U.S. stock index futures hovered near unchanged levels on Friday morning, signaling a cautious start to the final trading session of the week. Markets are struggling to find direction following Thursday’s selloff, which was sparked by renewed concerns about regional bank credit exposure. Futures were pointing lower earlier in the day but recovered some ground…
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CSX shares climb as quarterly earnings edge past forecasts
Shares of CSX Corp. (NASDAQ:CSX) rose more than 2% in premarket trading on Friday after the railroad operator posted third-quarter earnings that slightly beat analyst expectations, despite revenue headwinds from weaker merchandise shipments and lower coal prices. CSX reported earnings of $0.44 per share, just one cent above consensus estimates. Revenue reached $3.59 billion, in…
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Ford recalls 625,000 vehicles in the U.S. over safety concerns
Ford Motor Company (NYSE:F) is recalling nearly 625,000 vehicles across the United States due to seatbelt malfunctions and rear-view camera display issues, according to the National Highway Traffic Safety Administration (NHTSA) on Friday. The recall covers 332,778 Ford Mustang vehicles impacted by problems related to seatbelt components, according to NHTSA notices. In addition, a separate…
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Micron to withdraw from China’s server chip market after 2023 ban
Micron Technology (NASDAQ:MU) is planning to end the supply of server chips to data centers in China following the 2023 government ban, according to a Friday report from Reuters citing two sources familiar with the matter. The company will continue to sell to two Chinese clients that operate major data centers outside of China, one…
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Novo Nordisk shares tumble after Trump pledges weight-loss drug price cut
Novo Nordisk (NYSE:NVO) saw its shares sink 5.6% in early Friday trading after U.S. President Donald Trump vowed to lower the cost of the company’s top-selling weight-loss medication. The statement came during a White House event focused on fertility treatments and drug pricing, when Trump was pressed by reporters to name the specific drug he…
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Oil Slips Toward Weekly Loss as Trump-Putin Meeting Fuels Market Uncertainty
Crude oil prices softened on Friday, putting the market on course for a nearly 3% weekly decline, as traders digested the planned summit between Donald Trump and Vladimir Putin and renewed signals of a potential supply glut. Brent crude futures eased 16 cents, or 0.26%, to $60.90 a barrel at 06:45 GMT, while U.S. West…
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Gold Soars to New Record as Fed Rate Cut Bets and Trade Tensions Drive Safe-Haven Rush
Gold prices climbed to fresh record highs in early Asian trading on Friday, edging closer to the $4,400 per ounce milestone as mounting expectations of a rate cut by the Federal Reserve and heightened U.S.-China trade tensions triggered a flight to safe-haven assets. Spot gold gained 0.9% to $4,362.63 an ounce at 01:49 ET (05:49…
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Dollar Extends Losses as Banking Turmoil Fuels Rate-Cut Bets
The U.S. dollar weakened further on Friday, heading for its steepest weekly slide in nearly three months, as renewed anxiety over the banking sector reinforced expectations of additional interest rate cuts from the Federal Reserve later this year. At 04:10 ET (08:10 GMT), the U.S. Dollar Index — a gauge of the dollar’s strength against…
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Banking Stocks Tumble as U.S. Credit Concerns Rattle Global Markets
Global financial stocks fell sharply on Friday after renewed concerns about U.S. credit quality triggered a selloff in regional banks, unsettling investors and reigniting fears over lending standards. The sector’s exposure to two recent U.S. auto-related bankruptcies has raised fresh questions about credit risk, echoing the uncertainty that followed Silicon Valley Bank’s collapse more than…
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HPE Shares Drop After Fiscal 2026 Outlook Disappoints, But Analysts See Upside
Hewlett Packard Enterprise (NYSE:HPE) shares fell more than 8% Thursday morning after the company’s investor day in New York revealed fiscal 2026 guidance that came in below expectations. Despite the near-term caution, analysts signaled confidence in HPE’s long-term growth story, particularly in networking, cloud, and AI. Barclays said the company’s fiscal 2026 outlook “underwhelmed for…