ADVFN US – Market Content Editor
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Oil prices hold steady but face sharp weekly declines amid tariffs and supply concerns
Oil prices were largely unchanged during Friday’s Asian session, yet they are poised for notable weekly losses due to mounting worries over demand softening from tariff measures and an impending supply surplus. Crude found temporary support after U.S. President Donald Trump announced tougher restrictions on Russia’s oil industry, including steep tariffs targeting India. These new…
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Bitcoin Surges to $116,500 Following Trump’s 401(k) Crypto Move, Altcoins Rally Strongly
Bitcoin (COIN:BTCUSD) extended its recent rally on Friday, boosted by U.S. President Donald Trump’s new executive order aimed at broadening the range of alternative assets, including cryptocurrencies, allowed in 401(k) retirement plans. Altcoins outperformed Bitcoin, with Ether approaching its 2021 all-time highs and XRP surging after the resolution of its long-running lawsuit with the U.S.…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. futures rise as Trump names interim Fed governor; TSMC and SoftBank benefit from AI momentum
Ahead of the week’s final trading session, U.S. stock futures showed modest gains Friday. President Donald Trump announced his choice of a close advisor to temporarily fill a vacant seat on the Federal Reserve Board of Governors. Meanwhile, Taiwan Semiconductor Manufacturing Co. (TSMC) posted a significant jump in July sales, and SoftBank (USOTC:SFTBY) shares surged…
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U.S. Close Mixed After Moving To The Upside In Early Trading
Stocks moved mostly higher early in the session but gave back ground over the course of the trading day on Thursday. The major averages pulled back well off their highs of the session before eventually ending the day mixed. While tech-heavy Nasdaq added to Wednesday’s strong gain, climbing 73.27 points or 0.4 percent to 21,242.70,…
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Restaurant Brands International reports mixed Q2 results, confirms guidance
Restaurant Brands International (NYSE:QSR), the parent company of Burger King and Tim Hortons, released its second-quarter earnings with mixed outcomes: earnings per share slightly missed expectations while revenue exceeded forecasts. The company posted an EPS of $0.94, just under the analyst consensus of $0.97. Meanwhile, revenue rose 15% year-over-year to $2.41 billion, surpassing the anticipated…
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Papa John’s shares climb following better-than-expected Q2 earnings
Papa John’s International (NASDAQ:PZZA), Inc. saw its shares rise 3.6% on Thursday after reporting second-quarter earnings that outperformed analyst predictions, fueled by stronger sales growth both in the U.S. and abroad. The company posted adjusted earnings per share of $0.41 for the quarter, surpassing the analyst consensus of $0.35 by 6 cents.Revenue totaled $529.2 million,…
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Peloton shares jump over 10% after posting quarterly profit and beating revenue expectations
Shares of Peloton (NASDAQ:PTON) surged more than 10% in premarket trading Thursday following the company’s release of stronger-than-anticipated fiscal fourth-quarter results. Peloton reported earnings of $0.05 per share, surpassing analyst forecasts which had predicted a loss of $0.05 per share. Revenue for the quarter reached $606.9 million, exceeding the consensus estimate of $580.54 million. Subscription…
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Crocs Shares Drop Following Conservative Q3 Outlook
Shares of Crocs (NASDAQ:CROX) slid 11.5% in pre-market trading on Thursday after the shoe manufacturer issued a cautious forecast for the third quarter, despite reporting stronger-than-expected results for Q2. The Colorado-based brand posted adjusted earnings per share of $4.23 for the second quarter, beating the Bloomberg consensus estimate of $4.00 and improving slightly from $4.01…
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Krispy Kreme Slides on Larger Q2 Loss Following McDonald’s Deal Exit
Shares of Krispy Kreme, Inc. (NASDAQ:DNUT) dropped around 5% on Thursday after the company reported a deeper second-quarter loss than analysts had forecast, as it works to recover from the end of its collaboration with McDonald’s (NYSE:MCD) and embarks on a broad restructuring strategy. For the second quarter, the doughnut chain posted an adjusted loss…
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Warner Bros. Discovery Surpasses Subscriber Forecasts Amid Strategic Split
Warner Bros. Discovery (NASDAQ:WBD) reported second-quarter subscriber numbers that beat Wall Street expectations, as the media conglomerate continues to move forward with its plan to divide into two separately traded companies. Initially announced in June, the split will carve out the company’s studios and streaming operations from its underperforming television network assets. The restructuring is…