ADVFN US – Market Content Editor
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CVS Health Raises 2025 Outlook but Disappoints With 2026 Revenue Forecast
CVS Health (NYSE:CVS) boosted its earnings and revenue expectations for the current fiscal year, even as its initial 2026 sales forecast fell short of Wall Street estimates. Speaking at its annual investor day, the company raised its adjusted earnings guidance for 2025 for the fourth time, reflecting continued progress in its turnaround strategy. CVS now…
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Caleres Shares Sink 17% After Q3 Profit Miss Driven by Stuart Weitzman Acquisition Costs
Caleres (NYSE:CAL) reported third-quarter revenue of $790.1 million, a 6.6% increase from the prior year and above the $768.59 million forecast by analysts. However, earnings fell short of expectations as the retailer absorbed integration expenses tied to its recent purchase of Stuart Weitzman. Shares dropped 17% in premarket trading on Tuesday following the release. The…
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Microsoft Unveils Over C$7.5 Billion Investment to Boost Cloud and AI Capacity in Canada
Microsoft (NASDAQ:MSFT) said Tuesday it will commit more than C$7.5 billion ($5.42 billion) to Canada over the next two years as part of a major push to expand the company’s cloud and artificial intelligence infrastructure in the country. The planned investment will significantly broaden Microsoft’s cloud and AI footprint nationwide, reinforcing the tech giant’s position…
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Wells Fargo Signals Workforce Reductions in 2026, Warns of Higher Severance Costs
Wells Fargo (NYSE:WFC) is preparing to trim its staff next year and expects to incur increased severance expenses in the fourth quarter of 2025, CEO Charlie Scharf said on Tuesday. Speaking at the Goldman Sachs Financial Services conference, Scharf outlined the bank’s emerging workforce strategy, noting that job cuts are planned for 2026. However, he…
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Campbell’s Tops Revenue Expectations as Shoppers Stick With Packaged Foods
Campbell’s Co. (NASDAQ:CPB) reported stronger-than-expected first-quarter sales on Tuesday, buoyed by steady demand for its canned soups and convenient ready-to-eat meals. With many households choosing to cook at home rather than splurge on restaurant dining amid economic uncertainty, the company continues to benefit from consumers’ shift toward pantry staples. Lingering inflation and fluctuations tied to…
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Dow Jones, S&P, Nasdaq, Wall Street, Futures Signal a Flat Opening on Wall Street as Traders Await Fed Decision
U.S. equity futures were little changed early Tuesday, suggesting a muted start to the session as investors digest Monday’s mild retreat and brace for Wednesday’s Federal Reserve policy announcement. With the central bank widely expected to deliver another 25-basis-point rate cut, traders appear hesitant to take bold positions. What comes next for monetary policy, however,…
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Cannabix Reaches Key Regulatory Milestone as Marijuana Breath Test Device Passes FCC Emissions Testing
Cannabix Technologies Inc. (CSE:BLO) (USOTC:BLOZF) has taken a significant step toward commercialization of its marijuana breath testing technology after its handheld Breath Collection Unit (BCU) successfully passed electronic emissions testing required by U.S. and Canadian regulators. The milestone brings the company closer to launching its Marijuana Breath Test (MBT) system in North American markets. The…
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Home Depot Maintains 2025 Forecast, Shares Early Expectations for 2026
Home Depot Inc. (NYSE:HD) reiterated its fiscal 2025 outlook and offered initial guidance for fiscal 2026 during its investor conference on Tuesday. For 2025, the retailer continues to anticipate roughly 3% growth in total sales, with comparable sales turning slightly positive on a comparable 52-week basis. The company still expects a fiscal 2025 gross margin…
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U.S. Solar Capacity Jumps 49% in Q3 as Installations Accelerate
The U.S. solar sector added 11.7 gigawatts of new capacity in the third quarter, a sharp 49% increase from the previous three months, according to a report published Tuesday by the Solar Energy Industries Association and Wood Mackenzie. Solar accounted for the majority of new electricity-generation additions this year, contributing 58% of all capacity brought…
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Oil Slips as Traders Track Ukraine Peace Efforts and Await Fed Decision
Crude prices ticked lower on Tuesday, adding to the sharp 2% decline seen at the start of the week, as markets weighed renewed peace discussions over Russia’s war in Ukraine, concerns about abundant supply, and the approaching U.S. interest rate decision. By 0717 GMT, Brent crude futures dipped 7 cents, or 0.1%, to $62.42 a…