Manufacturing gauge declines sharply to -0.4, missing forecasts and signaling contraction after April's expansion. The Philadelphia Fed Manufacturing Index slumped to -0.4 in May, a sharp reversal from April’s 26.7 reading and well below the 17.6 consensus estimate. The dr
Ralph Lauren shares jumped nearly 10% ahead of market open following better-than-expected fourth-quarter earnings results. Ralph Lauren (RL) climbed 9.8% in premarket trading after reporting stronger-than-expected fourth-quarter earnings. The apparel company's results surp
Shares climbed after the retailer reported narrowing sales declines and outlined plans to optimize its two banners independently. Shoe Carnival Inc. shares rose nearly 1.5 percent in pre-market trading, reaching $16.00, after first-quarter results showed improvement from y
The gauge signals contraction in regional manufacturing activity, defying expectations of a sharp rebound to 18.0. The Philadelphia Fed’s manufacturing index dropped to -0.4 in May, missing economists’ forecasts of a rise to 18.0 and marking a sharp decline from April’s 26
Google’s plan to design in-house AI chips aims to replicate Apple’s vertical integration strategy and reduce dependence on Nvidia’s GPUs. Alphabet is partnering with Taiwan Semiconductor Manufacturing to develop custom AI chips, mirroring Apple’s strategy of controlling it
Prior week 211K Initial jobless claim xxxK vs 210K estimate. 4-week moving average xxx.xxK vs 203.75K Continueing claims x.xxM vs 1.785M estimate 4-week MA of continuing claims The weekly US jobless claims reports are released by the United States Department of Labor every...
Microsoft’s AI business reaches $37 billion annual revenue run rate, but soaring capital expenditures weigh on shares year-to-date. Microsoft’s AI business surpassed a $37 billion annual revenue run rate, growing 123% year-over-year, while Intelligent Cloud revenue rose 30
Gold slips as Iran uranium demands complicate US-Iran negotiations Gold (XAU/USD) trades with a downside bias on Thursday, struggling to build on the previous day’s rebound from seven-week lows as markets digest fresh headlines surrounding the US-Iran war. At the time of w
BOAT ETF returned 51% in one year The SonicShares Global Shipping ETF pays volatile quarterly distributions tied to commodity shipping rates. The fund's quarterly payouts have swung 5x or more depending on freight rates, oil prices, and global trade volumes. The
Prior was 1.502m Building permits 1.442m vs 1.385m expected Prior 1.363m For background, the New Residential Construction report, published jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, is the most widely watched gauge of U.S. homeb
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