ADVFN US – Market Content Editor
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Designer Brands Raises Full-Year EPS Guidance as Q2 Revenue Falls 1.2%
Designer Brands Inc. (NYSE:DBI) raised its full-year earnings guidance on Thursday after reporting second-quarter adjusted earnings per share above analyst estimates, while revenue came in below expectations. Adjusted EPS was $0.34, compared with an analyst estimate of $0.26. Revenue declined 1.2% year on year to $730.6 million from $739.8 million, below the consensus estimate of…
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U.S.-Listed Copper Mining Stocks Fall as Copper Retreats From Record High
U.S.-listed copper mining stocks fell in premarket trading on Thursday as copper prices declined after reaching a record earlier in the session. Benchmark three-month copper on the London Metal Exchange fell 3.1% to $14,312 per metric ton after touching a record $14,875 earlier in the day. The decline followed reports that the White House has…
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U.S. Stock Futures Fall as Oil Tops $100 and Producer Inflation Accelerates: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures moved lower on Thursday as crude oil prices extended their gains and August producer price data showed annual inflation accelerating. U.S. crude futures rose nearly 5% after gaining more than 3% on Wednesday, moving above $100 a barrel. Brent crude also exceeded $100 in the previous session for the first time…
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U.S. Initial Jobless Claims Dip to 206,000, Slightly Above Forecast
U.S. initial jobless claims declined slightly in the latest week, indicating little change in the pace of new applications for unemployment benefits. Initial claims came in at 206,000, down by 1,000 from the previous week’s reading of 207,000. The latest figure was slightly above the market forecast of 205,000. Initial jobless claims measure the number…
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U.S. Producer Prices Rise 0.4% in August as Energy Costs Increase
U.S. producer prices for final demand increased 0.4% month on month in August, matching estimates and accelerating from a 0.1% increase in July, according to data from the Labor Department’s Bureau of Labor Statistics. On an annual basis, the producer price index rose 5.4%, compared with 4.8% in July and an expected increase of 5.3%.…
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Shoe Station Group Shares Fall 13% as FY26 Guidance Trails Estimates
Shoe Station Group Inc. (NASDAQ:SHOE) shares fell 13.07% in pre-market trading on Thursday after the footwear retailer issued fiscal 2026 guidance below analyst estimates and reported a second-quarter revenue decline. Adjusted earnings per share were $0.45, above the analyst consensus of $0.34. Revenue fell 7.2% year on year to $284.3 million from $306.4 million, below…
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IBM and Lockheed Martin Establish Quantum Innovation Hub at ETH Zurich
IBM (NYSE:IBM) and Lockheed Martin (NYSE:LMT) have established a quantum innovation hub at ETH Zurich under an offset agreement with armasuisse, Switzerland’s Federal Office for Defence Procurement. The hub will host Switzerland’s first IBM Quantum System Two at the Swiss National Supercomputing Centre in Lugano. IBM will operate the system, which will use the company’s…
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Mubadala Agrees Investment in Luckin Coffee as Transaction Totals About $1 Billion
Abu Dhabi sovereign wealth fund Mubadala Investment has agreed to make a minority investment in Luckin Coffee (USOTC:LKNCY) as part of a transaction involving the Chinese coffee chain’s controlling shareholder, Centurium Capital, totalling approximately $1 billion. The transaction is being carried out alongside Centurium and remains subject to customary closing conditions. Mubadala said it sees…
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Nvidia Targets About 2 GW of Australian Data Centre Capacity by 2027
Nvidia (NASDAQ:NVDA) said it is working with Australian companies to develop approximately 2 gigawatts of data centre computing capacity in the country by 2027 as demand for artificial intelligence infrastructure increases. The planned capacity would more than double Australia’s current computing load, according to the supplied information. Nvidia did not disclose financial terms for the…
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Apple Launches $1,999 Foldable iPhone Duo With October Release
Apple (NASDAQ:AAPL) introduced its first foldable smartphone on Wednesday, unveiling the $1,999 iPhone Duo as it enters a market that includes Samsung and Huawei. The passport-sized device opens to a 7.6-inch display and includes a smaller external screen. Apple said the Duo is its thinnest iPhone when unfolded, although it remains thicker than some foldable…