ADVFN US – Market Content Editor
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ABM Industries Posts Record Q4 Revenue but Falls Short on Earnings
ABM Industries (NYSE:ABM) reported record revenue for the fourth quarter on Wednesday, surpassing market expectations, but fell short on earnings as results were weighed down by self-insurance adjustments related to the prior year. The facility services provider’s shares slipped 1.07% in premarket trading following the release. For the quarter ended October 31, 2025, ABM generated…
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Jabil Shares Rally After Q1 Results and Outlook Top Forecasts
Jabil Inc. (NYSE:JBL) shares rose more than 4% in premarket trading on Wednesday after the electronics manufacturing services company reported first-quarter fiscal 2026 earnings that exceeded market expectations and issued an upgraded full-year forecast. The company delivered adjusted earnings of $2.85 per share for the quarter, outperforming analysts’ expectations of $2.69 by roughly 6%. Quarterly…
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Hut 8 Shares Jump After Signing $7 Billion Data Center Lease Backed by Google
Hut 8 Corp. (NASDAQ:HUT) shares climbed 25.4% in premarket trading on Wednesday after the energy infrastructure firm announced a long-term data center leasing agreement valued at $7 billion with Fluidstack. The 15-year deal covers 245 megawatts of IT capacity at Hut 8’s River Bend data center campus in Louisiana. The agreement is supported by a…
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Vyne Therapeutics Shares Surge on Merger Deal With Yarrow Bioscience
Shares of Vyne Therapeutics Inc (NASDAQ:VYNE) jumped 77.9% in premarket trading on Wednesday after the company unveiled a definitive agreement to merge with Yarrow Bioscience, a clinical-stage biotech focused on autoimmune disorders affecting the thyroid. The proposed all-share transaction will result in a newly combined company operating under the Yarrow Bioscience name and trading on…
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Oracle Shares Slide After Report Says Blue Owl Pulls Support for Michigan Data Center
Oracle (NYSE:ORCL) shares fell 2.4% in U.S. premarket trading after a Financial Times report said that Blue Owl Capital, Oracle’s largest partner in data center development, has opted not to support a proposed $10 billion data center project in Michigan that was set to serve OpenAI. According to the report, Blue Owl had been in…
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General Mills Delivers Q2 Beat Despite Drag from Yogurt Business Sale
General Mills (NYSE:GIS) posted stronger-than-expected second-quarter results on Wednesday, overcoming notable pressure from recent portfolio changes, including the divestment of its yogurt operations. The company reported adjusted earnings of $1.10 per share, ahead of analyst expectations of $1.02. Following the earnings release, General Mills shares rose 1.17%. For the quarter ended November 23, net sales…
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Oil Prices Climb Sharply After Trump Orders Venezuela Tanker Blockade
Oil prices surged on Wednesday, rising close to 2%, after U.S. President Donald Trump announced a full blockade of all sanctioned oil tankers entering and exiting Venezuela. The move injected fresh geopolitical uncertainty into energy markets already grappling with concerns about weakening global demand. By 13:02 GMT, Brent crude futures were up 99 cents, or…
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Gold Advances as Silver Breaks Records on Rising Economic Concerns
Gold prices climbed on Wednesday, while silver surged to an all-time high, as growing uncertainty around the U.S. economic outlook drove investors toward traditional safe-haven assets. At 08:40 ET (13:40 GMT), spot gold was up 0.8% at $4,335.48 per ounce, sitting just $50 below its previous record. February gold futures also gained 0.8%, reaching $4,367.00…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Energy Shares Poised to Support Higher Start for U.S. Markets
U.S. stock index futures are signaling a slightly positive open on Wednesday, suggesting equities may push higher after a mixed and uneven performance in the previous session. Early gains on Wall Street could be led by the energy sector, following a sharp rebound in crude oil prices. Oil has climbed well off its lowest levels…
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Warner Bros. Board Set to Reject Paramount’s $108.4 Billion Bid, Sources Say
The board of Warner Bros. Discovery (NASDAQ:WBD) is expected to recommend that shareholders vote against a $108.4 billion takeover proposal from Paramount Skydance (NASDAQ:PSKY), according to people familiar with the matter. Sources indicate that the move would reaffirm Warner Bros. Discovery’s preference for an existing transaction with Netflix (NASDAQ:NFLX), marking another development in the competitive…