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Corning reported better-than-expected first-quarter results but issued a softer revenue outlook for the current quarter, weighing on investor sentiment and halting a recent rally in optical communications stocks. The company posted adjusted earnings of 70 cents per share for the quarter, edging past analysts’ estimate of 69 cents, according to FactSet. Core sales rose 18%… Continue reading Corning stock falls as Q2 revenue forecast misses Street estimates

The consumer goods giants that built empires on household staples are struggling to justify their valuations. At the time of writing, Nestlé has shed nearly a quarter of its market value over the past five years. PepsiCo is up just 6.9%. Procter & Gamble, 11.2%. Colgate-Palmolive, 4.3%. Only Coca-Cola, with a near 40% gain, has… Continue reading FMCG giants Nestle, P&G, Colgate have lost their shine: what next

The UK’s benchmark FTSE 100 index edged higher on Tuesday, supported by a strong rally in energy stocks after BP reported better-than-expected first-quarter earnings. The gains put the index on track to end a six-day losing streak, even as geopolitical tensions continued to weigh on sentiment. The FTSE 100 rose 0.4% to 10,367.61 points by… Continue reading FTSE 100 gains on BP results despite geopolitical tensions

Shares of The Coca-Cola Company rose over 3% in premarket trading on Tuesday after the beverage giant reported stronger-than-expected first-quarter results and raised its full-year profit forecast, supported by steady demand for its higher-priced drinks. The company also maintained its organic revenue growth outlook for 2026, signalling confidence in its pricing strategy and product mix… Continue reading Coca-Cola stock jumps 3% after earnings beat estimates

Shares of United Parcel Service fell about 3% in premarket trading on Tuesday after the parcel delivery giant reported lower profit and revenue for the first quarter, even as it signalled a return to growth in the coming months. The results, however, exceeded Wall Street expectations on both the top and bottom lines, suggesting that… Continue reading UPS stock declines as Q1 profit falls, growth rebound expected

US stock index futures edged lower on Tuesday as investors turned cautious ahead of the opening bell, with the stand-off between Washington and Tehran keeping oil prices elevated and limiting appetite for risk. The move suggested traders were reluctant to extend recent gains while the prospect of a broader conflict continued to hang over markets.… Continue reading Dow futures climb 117 points: 5 things to know before market opens

Shares of Oracle Corporation fell about 5% in early premarket trading on Tuesday after a report raised concerns about the growth trajectory of OpenAI, one of its largest customers, casting a shadow over the cloud giant’s long-term revenue visibility. The decline follows a report by The Wall Street Journal, which said OpenAI has fallen short… Continue reading Oracle stock falls as OpenAI reportedly misses targets; $300B deal in focus

Spotify forecast second-quarter earnings and premium subscriber growth below Wall Street expectations, signalling a slowdown in key markets. The Swedish streaming giant’s shares fell nearly 9% in premarket trading following the announcement. The company’s outlook comes at a time when investors are closely tracking profitability after recent price hikes and cost-cutting measures. Spotify has also… Continue reading Spotify projects lower Q2 profit, shares drop on weak outlook

Broadcom stock (NASDAQ: AVGO) is suddenly looking like the AI name Wall Street may have underestimated. The market value of the company is above $2 trillion, its stock has hit a record high, and the company is guiding AI revenue sharply higher into 2026. That makes the comparison with Nvidia especially insightful, as Broadcom is… Continue reading This AI stock is growing faster than Nvidia and flying under the radar