Category: Top Story
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
Tesla Increases Lease Rates Following End of Federal EV Tax Credit
Tesla (NASDAQ:TSLA) has raised lease rates for all its U.S. models after the federal government’s $7,500 electric vehicle tax credit expired, according to details published on the company’s website Wednesday. The adjustment comes in the wake of the expiration of incentives established under legislation approved by Congress, which ended on September 30. Previously, the incentives…