The relatively resilient growth in the rest of the world versus the U.S. and the Fed easing could make for an “active risk-on” environment, fueling gains in both risk and rate-sensitive currencies, which are cheap, a strategist said.
Schumer unveils plan to protect ACA, fund government and fight rising healthcare costs. Democrats urge Republicans to negotiate before potential shutdown.
The Shiba Inu (CRYPTO: SHIB) team revealed on Wednesday that over $4 million in cryptocurrencies was stolen in the recent hack of its Layer-2 network, Shibarium.
Netskope raised $908.2 million in its U.S. IPO at a $7.26 billion valuation, highlighting strong demand for cybersecurity despite tariff-driven market jitters.
Bernie Sanders warns of political interference and attacks on scientific independence as CDC director is abruptly fired for not supporting anti-vaccine agenda.
The ultra-low-cost carrier is in talks with vendors and aircraft lessors and is evaluating its fleet size to reduce its scale and gain operational efficiencies.
Broadcom director Justine Page sold 800 shares at $360 each, netting $288,000, under a pre-approved trading plan, while still holding 22,982 shares, including 1,602 restricted stock units.
Adobe’s third quarter was marked by double-digit revenue growth and a positive market reaction, driven by strong adoption of AI-infused products and rising demand across its core creative and digital experience segments. Management attributed the performance to rapid integration of generative AI into flagship offerings such as Photoshop, Illustrator, and Acrobat, as well as successful launches like Acrobat Studio and Firefly. CEO Shantanu Narayen highlighted that “AI represents a tectonic technology shift and presents the biggest opportunity for Adobe in decades,” pointing to accelerating product usage and adoption from both creative professionals and business users.
Lovesac’s second quarter results met Wall Street’s revenue expectations but were met with a negative market reaction, reflecting investor concerns about persistent industry headwinds and margin pressures. Management cited continued category softness and promotional intensity as major factors impacting profitability, though they highlighted market share gains and the rollout of new products such as the rebranded Snug collection. CEO Shawn Nelson emphasized that, despite a challenging macro backdrop, Lovesac’s omnichannel sales strategy and ongoing cost controls helped offset declines in certain sales channels.
RH’s second quarter results prompted a negative market reaction, as adjusted profitability and next quarter revenue guidance both fell short of analyst expectations. Management attributed ongoing performance to steady demand growth, despite a sluggish housing market and persistent tariff-related challenges. CEO Gary Friedman stated, “We continued to generate industry-leading growth…despite the polarizing impact of tariff uncertainty and the worst housing market in almost 50 years.” The company also highlighted improvements in same-store sales and margin expansion, fueled by operational efficiency and selective cost management, while acknowledging external headwinds.
Packaged foods company General Mills (NYSE:GIS) met Wall Street’s revenue expectations in Q3 CY2025, but sales fell by 6.8% year on year to $4.52 billion. Its non-GAAP profit of $0.86 per share was 5.4% above analysts’ consensus estimates.
Warren highlights Trump administration's cuts to National Institutes of Health funding, including pediatric cancer research in her home state, causing a backlash from both parties and lawsuits over reprioritization of core science.
Decentralized finance platform World Liberty Financial extended its support Wednesday to the Winklevoss Twins-led Digital Freedom Fund PAC, to help “advance” President Donald Trump’s cryptocurrency agenda.
