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Investing.com86d agoneutral
Abercrombie & Fitch gains on earnings beat despite revenue miss

Investing.com -- Abercrombie & Fitch Co. (NYSE: ANF) reported first-quarter results that exceeded earnings expectations while revenue fell slightly short, sending shares up 4.3% premarket as investors focused on the company's profitability.

Energy Stocks Are Secretly Better Than Treasuries. Here’s Why Bob Brackett Is Loading Up on Exxon and Chevron.
24/7 Wall St.86d agoneutral
Energy Stocks Are Secretly Better Than Treasuries. Here’s Why Bob Brackett Is Loading Up on Exxon and Chevron.

On a recent episode of The Real Eisman Playbook, Bernstein Research senior energy analyst Bob Brackett made a claim that should change how income investors look at the oil majors. “Don’t compare the yields you get from a commodity company to government yields. Compare them to TIPS. These are inflation protected,” he told host Steve ... Energy Stocks Are Secretly Better Than Treasuries. Here’s Why Bob Brackett Is Loading Up on Exxon and Chevron.

Here Are Wednesday’s Top Wall Street Analyst Research Calls: Agilent, Dollar General, FedEx, GE Aerospace, Hershey, Intuit, SanDisk, Workday, Zscaler, and More
24/7 Wall St.86d agoneutral
Here Are Wednesday’s Top Wall Street Analyst Research Calls: Agilent, Dollar General, FedEx, GE Aerospace, Hershey, Intuit, SanDisk, Workday, Zscaler, and More

Pre-Market Stock Futures: Futures are trading higher as we hit the mid-week point, as the technology-led rally continues to spiral higher. While the major indices finished the day mixed, the technology-heavy Nasdaq led the way once again, closing at a new record high of 26,656, up 1.19%, while the S&P 500 also set a new ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Agilent, Dollar General, FedEx, GE Aerospace, Hershey, Intuit, SanDisk, Workday, Zscaler, and More

This Space Stocks Boom Has Echoes of the EV Bubble. Red Flags as Rocket Labs, AST Soar.
Barrons.com86d agoneutral
This Space Stocks Boom Has Echoes of the EV Bubble. Red Flags as Rocket Labs, AST Soar.

The technical Wall Street term for investors short-selling space stocks right now is “getting your face ripped off.” Shares of commercial space companies are on fire lately. Coming into Wednesday trading, shares of Rocket Lab and AST SpaceMobile to name two, were up 74% and 55%, respectively, over the past month, leaving them both up more than 380% over the past 12 months.

Tencent links PayPal to WeChat Pay network, enabling US users to spend across China
Reuters86d agoneutral
Tencent links PayPal to WeChat Pay network, enabling US users to spend across China

U.S. PayPal users can now make purchases across ‌China using WeChat Pay's QR-code ‌merchant network, Tencent Financial Technology said on Wednesday, ​adding the service will be rolled out to PayPal users in other markets in phases. Tencent's cross-border payment platform ‌TenPay Global ⁠is now connected to PayPal World, Tencent Financial Technology vice ⁠president Daniel Hong said, according to a company social media post. The company ​is offering ​incentives to ​encourage the use ‌of foreign bank cards linked to WeChat Pay, including temporary fee waivers through 2026.

Dick’s Sporting Goods Posts Higher Sales. Why the Stock Is Sliding After Earnings.
Barrons.com86d agoneutral
Dick’s Sporting Goods Posts Higher Sales. Why the Stock Is Sliding After Earnings.

Dick’s Sporting Goods narrowly cleared the bar for the first quarter but a cut in its full-year earnings outlook and cautious guidance sent shares sliding Wednesday. The Pennsylvania-based retailer posted first-quarter adjusted earnings of $2.90 a share, a touch above analysts’ calls for $2.89. Although the company raised the low end of its full-year comparable sales outlook for both the Dick’s and Foot Locker franchises, Dick’s now sees earnings of $13.27 to $14.27 a share, compared with a prior range of $13.70 to $14.70.

Schaeffler, Spire Global team up for space hardware, satellite platforms in Europe
Reuters86d agoneutral
Schaeffler, Spire Global team up for space hardware, satellite platforms in Europe

-based satellite operator Spire Global have signed ‌a memorandum of understanding to jointly ‌develop space hardware and satellite platforms for European ​defence, weather and security applications. The companies intend to build a sovereign European space hardware and mission business before the end ‌of this decade, ⁠they said in a joint statement on Wednesday.

Reuters86d agoneutral
Schaeffler, Spire Global team up for space hardware, satellite platforms in Europe

Schaeffler and U.S.-based satellite operator Spire Global have signed ‌a memorandum of understanding to jointly ‌develop space hardware and satellite platforms for European ​defence, weather and security applications. The companies intend to build a sovereign European space hardware and mission business before the end ‌of this decade, ⁠they said in a joint statement on Wednesday. Spire, which uses ⁠its satellites to provide data, analytics and software products, has the capacity to ​produce between ​300 and 400 ​satellites per year ‌across facilities in the U.S. and Europe.

Chipotle takes on Taco Bell with new value play
TheStreet86d agoneutral
Chipotle takes on Taco Bell with new value play

Chipotle built its brand on the idea that better ingredients justify a higher price. A burrito bowl that costs twice as much as a fast-food combo is a reasonable trade if the quality gap is visible. Now Chipotle is testing something that looks very different from that playbook. And the chain it is ...

Ellison Privately Vows to Keep Enlarged Paramount’s Debt in Line
Bloomberg86d agoneutral
Ellison Privately Vows to Keep Enlarged Paramount’s Debt in Line

(Bloomberg) -- It began as a concession in private conversations to assuage wary credit analysts looking at Paramount Skydance Corp.’s blockbuster takeover of Warner Bros. Discovery Inc.: a verbal pledge by the Ellison family to do whatever it takes to slash debt at the combined company.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia

Morning Bid: Out of the blue chips
Reuters86d agoneutral
Morning Bid: Out of the blue chips

By Mike Dolan May 27 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The chips are indeed blue.

Airbus Defence chief rules out total failure of FCAS fighter jet project
Reuters86d agoneutral
Airbus Defence chief rules out total failure of FCAS fighter jet project

BERLIN, May 27 () - The head of Airbus Defence ruled out the complete ‌failure of the crisis-hit Franco-German FCAS fighter ‌jet project, saying at least a networking system for ​weapons and drone programme would go ahead. • Plans to develop the air combat system risk collapse due to a dispute over control between ‌France's Dassault ⁠Aviation and Airbus, which represents Germany and Spain in the €100-billion ($116 billion) project • ⁠Airbus Defence chief Michael Schoellhorn said on Wednesday he

Bloomberg86d agoneutral
Warner Bros. Tightens $15 Billion Loan Price in Hot Debt Market

(Bloomberg) -- Warner Bros. Discovery Inc. tightened pricing on its loan offering on Wednesday, a day after upsizing the deal to around $15 billion, as investor appetite for corporate credit allows borrowers to set favorable terms.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From Kyiv

Americans Are About to Pay Even More at the Grocery Store
Bloomberg86d agoneutral
Americans Are About to Pay Even More at the Grocery Store

(Bloomberg) -- As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From KyivUS Strikes Targets in Iran Even as Trump Hails Progress on DealA combination of factors including bad weathe

Analysis-Wall Street awaits GameStop CEO Cohen's next move after eBay rejected takeover bid
Reuters86d agoneutral
Analysis-Wall Street awaits GameStop CEO Cohen's next move after eBay rejected takeover bid

GameStop CEO Ryan Cohen shared few details when he said he would do "whatever we need to do" to buy eBay after the e-commerce company rejected his $56 billion unsolicited takeover bid as "neither credible nor attractive." In early May, Cohen offered eBay's board $125 a share as well as his services as CEO. Half the offer was in cash and half in stock, with the cash portion ‌coming from GameStop's $9.4 billion in cash reserves.

Nvidia to spend $150 billion a year in Taiwan, 'epicentre' of AI revolution, says CEO
Reuters86d agoneutral
Nvidia to spend $150 billion a year in Taiwan, 'epicentre' of AI revolution, says CEO

TAIPEI, May 27 (Reuters) - Nvidia's chief executive said on Wednesday the chip company plans to invest around $150 billion a year in Taiwan, terming it the "epicentre" of the AI revolution and predicting it will be ‌the world's tech manufacturing hub for a long time. "Four years ago, five years ago, Nvidia was spending about 10, ‌15 billion dollars a year in Taiwan.