Breaking News: Markets
PepsiCo earnings top estimates as international markets fuel sales growth
PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as international growth offset another quarter of declining volume in North America. Shares rose 1% in premarket trading. Here’s what the company reported for its fiscal third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: […]
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Stocks making the biggest moves premarket: Ferrari, PepsiCo, Delta, Akero Therapeutics and more
Check out the companies making the biggest moves in premarket trading: Ferrari — The luxury carmaker tumbled nearly 14% after it trimmed its electrification targets . Ferrari said it expects its 2030 sports car model line-up to be made up of 40% internal combustion engine cars, 40% hybrid and 20% fully electric vehicles. That’s down […]
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Orsted to cut 2,000 jobs as Trump’s offshore wind battle continues
Picture taken on September 4, 2023 shows windmills at the Nysted Offshore Wind Farm constructed by Danish windpower giant Orsted in 2002-2003 in the Baltic Sea near Gedser in Denmark. Thomas Traasdahl | Afp | Getty Images Beleaguered wind farm operator Orsted announced Thursday that it intends to reduce its workforce by a quarter toward […]
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‘Buckle up’: IMF and Bank of England join growing chorus warning of an AI bubble
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), during a curtain raiser speech ahead of the International Monetary Fund (IMF) and World Bank Fall meetings at The Milken Institute in Washington, DC, US, on Wednesday, Oct. 8, 2025. Bloomberg | Bloomberg | Getty Images The International Monetary Fund and Bank of England are […]
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Hang Seng Bank shares jump 30% on parent HSBC’s privatization bid, valuing it at over $37 billion
Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters Hang Seng Bank shares jumped 29.5% Thursday after parent HSBC announced plans to take it private, valuing the lender at more than 290 billion Hong Kong dollars (over $37 billion). HSBC, Europe’s largest lender, […]
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SoftBank shares soar 13% after it agrees to buy ABB robotics unit for $5.4 billion
Shares of SoftBank jumped as much as 13% Thursday, hours after the Japanese giant announced a deal to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, further advancing SoftBank’s AI footprint. The deal, which is subject to regulatory approval globally, means ABB will no longer look to spin off its robotics business as […]
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Israel, Hamas agree to first phase of Gaza peace plan, allowing release of hostages
US President Donald Trump speaks during a roundtable about “Antifa,” an anti-fascist movement he designated a domestic “terrorist organization” in the State Dining Room of the White House in Washington, DC, on Oct. 8, 2025. Jim Watson | AFP | Getty Images U.S. President Donald Trump announced Wednesday night stateside that Israel and Hamas had […]
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S&P 500 futures are little changed after benchmark rises to all-time high: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures are near flat on Wednesday night after the benchmark index rose to all-time highs. Futures tied to the broad index traded around its flatline, as did Nasdaq 100 futures. Dow Jones Industrial Average futures rose 17 points, also sitting near […]
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Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show
watch now VIDEO3:1603:16 Fed minutes: Most participants say it would be appropriate to ease further to end the year Power Lunch Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed. The meeting summary indicated […]
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Stocks making the biggest moves midday: TopBuild, Confluent, Alcoa, Viasat, Joby Aviation and others
Check out the companies making the biggest moves midday: TopBuild — The insulation installer rallied almost 8% after agreeing to buy Specialty Products and Insulation for $1 billion in cash . “The addition of SPI’s resources and capabilities further enhances our customer value proposition while its complementary fabrication footprint strengthens and expands our presence across […]
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