Shares of Walt Disney surged more than 5% in premarket trading after the entertainment giant reported better-than-expected quarterly results, supported by growth in its streaming business and theme park operations. For the January–March quarter, Disney posted adjusted earnings per share of $1.57 on revenue of $25.2 billion. Analysts had expected earnings of $1.49 per share
Super Micro Computer’s stock price jumped by over 15% on Wednesday after the company published strong financial results, which showed that its business continued to fire on all cylinders in its third quarter. It jumped to $32, its highest level since March 17, filling the gap it made after a major lawsuit against its founder
The UK stock market rallied sharply on Wednesday as investor sentiment improved amid growing expectations of a potential agreement between the United States and Iran following months of conflict in the Gulf region. The benchmark FTSE 100 index rose 2.4% by 1055 GMT, while the midcap FTSE 250 climbed 2.6%, reaching its highest level in
Shares of Uber Technologies surged nearly 10% in premarket trading on Wednesday after the company reported first-quarter results that exceeded analyst expectations, supported by strong growth in trips and gross bookings. The ride-hailing platform posted adjusted earnings of 72 cents per share, ahead of FactSet estimates of 69 cents. Revenue rose 14% year-on-year to $13.2
Global airlines have cut around 13,000 flights scheduled for May, as surging jet fuel prices driven by the Middle East conflict force carriers to trim capacity and reassess operations. The cancellations account for roughly 1% of global flights, a notable disruption across the aviation sector. Data shows that nearly two million seats have been removed
Shares of Corning surged about 20% in premarket trading on Wednesday after the company announced a multiyear partnership with Nvidia to expand optical manufacturing capacity in the United States. The collaboration will focus on developing advanced optical technologies for artificial intelligence infrastructure, including the construction of three new manufacturing facilities in North Carolina and Texas.
Private sector hiring in the United States came in stronger than expected in April, offering fresh evidence of labor market resilience and reinforcing the case for the Federal Reserve to hold interest rates steady. Data from ADP showed that companies added 109,000 jobs during the month, up from a revised 61,000 in March and ahead
Wall Street’s main indexes opened higher on Wednesday, extending a strong run fueled by optimism over a potential US-Iran peace agreement and continued enthusiasm around artificial intelligence-driven growth. Stock indices advanced after reports suggested Washington and Tehran were nearing a deal to end the conflict. The Dow Jones Industrial Average rose 448 points, or 0.91%,
Arm Holdings is set to report its fourth-quarter earnings on Wednesday afternoon, with investor attention focused on its strategic shift into designing its own data center CPU and the implications for its elevated valuation. Shares of the chip designer traded 9% higher on Wednesday ahead of the results, reflecting continued optimism around its positioning in
Advanced Micro Devices (AMD) is ripping higher on May 6 on the back of a blowout Q1 earnings release – featuring not only a beat on the top and bottom line, but an impressive guidance for the current quarter as well. AMD shares are up nearly 15% at the time of writing, compounding a remarkable