Category: Top Story
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U.S. Stocks Close Modestly Lower As Early Buying Interest Fades
After failing to sustain an initial move to the upside, stocks quickly gave back ground in early trading on Wednesday and showed a lack of direction over the remainder of the session. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing modestly lower. The Dow slipped 66.74…
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T-Mobile tops Q4 estimates, shares edge lower
T-Mobile US, Inc. (NASDAQ:TMUS) delivered fourth-quarter results ahead of Wall Street expectations on Wednesday, but its shares slipped 1.5% following the release. The wireless carrier reported adjusted earnings per share of $2.14, beating the consensus forecast of $2.04. Quarterly revenue rose 11.3% year over year to $24.33 billion, exceeding analyst estimates of $24.18 billion and…
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Kraft Heinz slides as 2026 outlook disappoints despite Q4 earnings beat
Kraft Heinz (NASDAQ:KHC) shares dropped 6.3% on Wednesday after the packaged food maker topped fourth-quarter profit expectations but delivered a weaker-than-anticipated outlook for fiscal 2026, alongside plans for a $600 million push to reignite growth. For the fourth quarter, the company posted adjusted earnings of $0.67 per share, ahead of the $0.61 analysts had forecast.…
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FDA clears Merck’s KEYTRUDA and KEYTRUDA QLEX for platinum-resistant ovarian cancer
The U.S. Food and Drug Administration has granted approval to Merck & Co. (NYSE:MRK) for the use of KEYTRUDA and KEYTRUDA QLEX, in combination with paclitaxel, with or without bevacizumab, to treat adults with platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal cancer whose tumors express PD-L1, the company said Monday. The authorization applies to…
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Gold miners advance as weaker dollar lifts bullion
Shares of gold mining companies moved higher in premarket trading Wednesday, tracking gains in bullion prices as the U.S. dollar softened and Treasury yields declined. Spot gold climbed 0.8% to $5,066.68 an ounce, with market participants looking ahead to the release of key U.S. employment data for further clues on the Federal Reserve’s interest rate…
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Robust Jobs Report Points to Higher Open for U.S. Stocks: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures are indicating a stronger start to Wednesday’s session, suggesting equities could rebound after Tuesday’s subdued trading. The advance in futures follows the release of a widely watched Labor Department report showing U.S. job growth in January far exceeded expectations. According to the report, nonfarm payrolls increased by 130,000 in January, following…
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Ford Q4 profit misses estimates, but 2026 guidance seen as solid
Ford Motor (NYSE:F) reported fourth-quarter earnings that fell short of profit expectations but exceeded revenue forecasts, while issuing a stronger outlook for 2026 despite rising tariff-related costs. Shares were marginally higher in premarket trading Wednesday, up less than 1%. The Dearborn, Michigan-based automaker posted adjusted earnings of $0.13 per share for the fourth quarter, missing…
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Robinhood falls after revenue miss despite earnings beat
Shares of Robinhood Markets, Inc. (NASDAQ:HOOD) dropped more than 6% in premarket trading on Wednesday after the online brokerage reported fourth-quarter revenue that came in below Wall Street expectations. Although the company delivered record annual performance and topped earnings estimates, the revenue shortfall appeared to dampen investor enthusiasm, even as margin balances and subscription growth…
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Lyft plunges 17% after revenue miss and cautious outlook
Shares of Lyft (NASDAQ:LYFT) sank more than 17% in premarket trading on Wednesday after the ride-hailing company posted fourth-quarter results that fell short of revenue expectations. Quarterly revenue totaled $1.6 billion, below the $1.76 billion consensus forecast. Lyft noted that results were impacted by a $168 million headwind tied to legal, tax, and regulatory reserve…
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Nvidia to invest over NT$40 billion in Taiwan headquarters – report
Nvidia (NASDAQ:NVDA) is set to invest more than NT$40 billion to establish its first overseas headquarters in Taiwan, according to a report from ETtoday citing Taipei Mayor Chiang Wan-an. Taipei’s city government signed an agreement with Nvidia on Wednesday to move forward with the headquarters development. The land royalties associated with the project are reportedly…