By Mike Dolan Sept 3 (Reuters) – Some calm has returned to world markets over the past 24 hours as oil prices steadied and the angry bond market cooled down a bit. There were no breakthroughs in the Gulf standoff between the U.S. and Iran, but President Donald Trump indicated an intention to limit the…
Investors may not be appreciating the latest earnings report from AI chip beast Broadcom (AVGO), but perhaps they should take another look, as there were some shocking numbers in there, not too different from the eye-popping ones served up by AI plays Dell (DELL) and Nvidia (NVDA) in the past two weeks. Shares of Broadcom…
Snowflake (NYSE:SNOW) shares rose 23.9% to $379.07 in premarket trading after the company reported fiscal second-quarter 2027 revenue and adjusted earnings above analyst expectations and increased its full-year product revenue guidance. Adjusted earnings per share were $0.62, compared with the consensus estimate of $0.45. Total revenue reached $1.55 billion, above the $1.48 billion analyst estimate…
Five Below (NASDAQ:FIVE) shares rose 6.2% in premarket trading after the specialty value retailer reported fiscal second-quarter results above analyst expectations and raised its full-year 2026 guidance. The company reported adjusted earnings per share of $1.68, compared with the consensus estimate of approximately $1.33. Net sales increased about 22.9% year over year to $1.26 billion,…
Hewlett Packard Enterprise (NYSE:HPE) reported quarterly revenue and earnings above expectations on Wednesday and raised its full-year guidance for both 2026 and 2027. Separately, the company expanded its collaboration with Oracle and issued warrants allowing Oracle to purchase HPE common shares. HPE shares fell nearly 5% in premarket trading on Thursday, with the source citing…
This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. Dive Brief: Temu owner PDD Holdings is adjusting its supply chain and fulfillment processes to limit the impact of European Union customs duties on lower-value goods, taking a page out of…
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. The Cybercab in the mirror has never been quite as close as Elon Musk invariably made it out to be. But now, at long last, Tesla’s fully autonomous robotaxi is upon us. The company is…
Diversified Energy has agreed to acquire Permian Basin producer Birch Permian Holdings and affiliated companies for approximately $1.8 billion, marking the largest acquisition in Diversified’s 25-year history. The deal will add approximately 68,000 barrels of oil equivalent per day of net production, based on Birch’s estimated July 2026 output. Diversified said the transaction is expected…
Oil prices have surged well above $90 per 42-gallon barrel this week as the United States has attacked Iranian military installations in and around the key Strait of Hormuz, and Iran has responded in kind. The prices are the highest for global benchmarks since July, and the violence has already pushed retail gasoline prices higher…
With its $447 billion in annual revenue, UnitedHealth Group is the world’s largest healthcare company, sitting just behind Walmart, Amazon, and Apple on the Fortune 500 list. It’s also one of just 30 companies included in the Dow Jones Industrial Average, America’s oldest and arguably most prestigious stock market index. Its reach is expansive. Approximately…
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