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By Tharuniyaa Lakshmi Aug 27 (Reuters) - European shares edged lower on Thursday as a Nvidia-fuelled rally in technology stocks was not enough to offset broader market weakness.
U.S. tech futures jumped after Nvidia’s bumper earnings and software shares surged premarket after earnings quieted investor pessimism on the sector.
Ulta Beauty would like to put a couple of ugly quarters behind it. Wall Street still fancies the stock.
The US government is investigating Singapore-based Apex Logistics for its suspected role in smuggling Nvidia Corp. AI chips to China, people familiar with the matter said, in what may result in the first action against a transportation company for allegedly participating in the illegal semiconductor trade.
The US government is investigating Singapore-based Apex Logistics for its suspected role in smuggling Nvidia Corp. AI chips to China, people familiar with the matter said, in what may result in the first action against a transportation company for allegedly participating in the illegal semiconductor trade.
Meta Platforms, Inc. (NASDAQ:META) is reportedly in discussions with states to settle its high-profile trial over alleged harm to young social media users. Meta, States Discuss Potential Settlement The Mark Zuckerberg-led tech giant and state attorneys general are discussing a mid-trial settlement while a federal trial is ongoing, Bloomberg reported Tuesday, citing people familiar with the matter. The company is accused of intentionally designing Facebook and Instagram to keep teens addicted to
The supplier also sold fresh products to Albertsons, Safeway, H-E-B, The Fresh Market, and Meijer.
Investing.com -- Shares of The Wendy’s Co (NASDAQ:WEN) plunged 14.8% in after-hours trading Wednesday following reports that Nelson Peltz’s Trian Fund Management currently has no plans to make a take-private bid for the fast-food chain. According to reporting from Reuters, citing sources familiar with the matter, the hedge fund has stepped back from pursuing a buyout at this time. The sudden retreat unwinds momentum generated earlier this month when reports indicated Trian was preparing a consor
On Aug. 26, 2026, a cyberattack halted order processing and shipping at the medical device maker, leaving investors uncertain about the speed of recovery and near-term shipment delays.
Nvidia (NVDA) delivered a strong quarter, beating Wall Street expectations and offering a stronger-than-expected outlook. But with the AI trade already priced for near-perfection, even another blowout may not be enough to move investors. Seaport Research Partners senior analyst Jay Goldberg joins Josh Lipton on Asking for a Trend to explain why Nvidia’s impressive results could ultimately be a “nobody is going to care” moment for the stock.
Dollar Tree has had a good 2026 compared with a number of other retailers, but it is facing some of the same challenges that have tripped up peers.
IREN Stock Under Pressure Ahead of Earnings Despite $4 Billion Revenue Target
Insider disposed of shares at $35.29 each through a non-discretionary transaction tied to restricted stock unit vesting, maintaining an 83,882-share direct stake worth $3.2 million.
Shares of medical-device maker Boston Scientific are down 4.5% Wednesday on concerns that a cyber-attack against the company could hurt near-term revenue. The incident, which Boston Scientific said it detected Tuesday, caused a network outage and disruption to operations, including the ability to process and ship orders, a spokeswoman said. Evercore ISI analysts noted that a similar cyberattack against medical-device maker Stryker in March took about three weeks for the company to recover from.
Investing.com -- Truist cut its rating for Nike (NYSE: NKE) to Hold from Buy in a note Wednesday and lowered its price target to $42 from $47, saying an update from Dick's Sporting Goods (NYSE: DKS) has muddied the picture on the sportswear group's recovery.
Meta just settled one of the largest state attorney general cases in tech history, and the stock did not move. Jim Cramer has a theory about why investors treated a major legal victory like it never happened.
The company posted second-quarter Ebitda of $315.5 million. Wall Street was looking for $297 million.
Investing.com -- On Wednesday, Jefferies downgraded TJX Companies (NYSE:TJX) to Hold from Buy with a $145 price target, arguing the slowdown at its Marmaxx division looks more serious than a routine merchandising miss.
Vanguard's ambition to expand in financial advice is causing some trepidation among investors in the industry's incumbents. Shares of Charles Schwab and LPL Financial were off more than 2% in morning trading Wednesday after Vanguard announced the acquisition of Altruist, a fintech wealth management platform. Altruist competes with Schwab to custody assets on behalf of financial advisers, and offers AI tools for tax and financial planning.
A soft third-quarter profit outlook is overshadowing an otherwise clean beat at Zoom Communications (NASDAQ:ZM), sending the video collaboration name lower even as the broader software tape barely moves. Zoom stock is down 6% to $95.08 Wednesday morning after the company delivered a Q2 FY2027 double beat, raised its full-year outlook, and then guided Q3 ... Zoom Falls 6% as Soft Q3 Profit Guidance Overshadows a Double Beat; HubSpot and Monday.com Slip
The lawsuit alleged that Meta knowingly designed platforms like Instagram and Facebook to addict children, despite knowing about the harms the platforms could pose to young users.
The settlement, reached during a federal trial in Oakland, requires Meta to add usage limits and nighttime blocks for teenage users
Kohl's posted a blowout earnings beat and raised its full-year outlook, yet shares are cratering while rivals Ross and TJX barely flinch. The reason buried inside the margin numbers may explain why investors are refusing to celebrate.
The Fed’s closely-watched inflation gauge revealed prices were a bit higher than expected in July--bond traders don't like that. After taking a breather on Tuesday, bonds are selling off yet again. Yield were up across the board on Wednesday morning; both the 2-year and 10-year yield were up by around 0.
Zoom reported adjusted earnings of $1.55 a share for the quarter, up from $1.53 a year ago and above analysts’ expectations for $1.48, per FactSet.
Investing.com -- Wall Street banks downgraded Intuit shares to Neutral on Wednesday, flagging a weaker growth outlook and signs that competitive pressures are spreading beyond the company’s TurboTax tax-filing business.
Shares were withheld to cover tax obligations from restricted stock unit vesting, a non-discretionary transaction that doesn't signal insider sentiment on the stock.
Zoom Communications (ZM) shares fell early Wednesday as the video communication platform provided a
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