Lockheed stock slips as profit drops, cash burn overshadows demand boom

Lockheed Martin Corporation reported weaker-than-expected first-quarter results, with profit declining and cash flow turning negative, even as demand for its weapons systems remains strong amid heightened geopolitical tensions. The defense contractor posted quarterly profit of $1.49 billion for the period ended March 29, down from $1.71 billion a year earlier. Earnings per share came in… Continue reading Lockheed stock slips as profit drops, cash burn overshadows demand boom

White House alleges China stole AI at industrial scale: report

The White House has accused Chinese entities of conducting “industrial-scale” theft of intellectual property from American artificial intelligence labs, marking a fresh escalation in tensions between the world’s two largest economies over control of next-generation technology. In a memo seen by the Financial Times, Michael Kratsios, director of the White House Office of Science and… Continue reading White House alleges China stole AI at industrial scale: report

P&G earnings preview: sales seen rising despite rich valuation

Consumer products behemoth Procter & Gamble Company (PG), is scheduled to unveil its third-quarter fiscal 2026 financial results on April 24, ahead of the market opening, with analysts anticipating year-over-year growth in both sales and earnings. For the fiscal third quarter, the Zacks Consensus Estimate forecasts Procter & Gamble will report revenues of $20.6 billion,… Continue reading P&G earnings preview: sales seen rising despite rich valuation

ServiceNow plunges 14% as Middle East conflict hits deals

ServiceNow shares fell sharply after the company flagged geopolitical disruptions and a weaker margin outlook, dampening investor sentiment despite stronger-than-expected revenue and upbeat projections for its artificial intelligence business. The stock dropped more than 14% as the enterprise software firm said the ongoing conflict in the Middle East had delayed key deal closures, weighing on… Continue reading ServiceNow plunges 14% as Middle East conflict hits deals

Dow Jones falls 253 points as Iran tensions, earnings weigh mood

Wall Street opened weaker on Thursday, as investors paused after a recent rally, weighed down by persistent geopolitical tensions and a mixed batch of corporate earnings. The Dow Jones Industrial Average fell about 253 points, or 0.51%. S&P 500 slipped 0.26%, while Nasdaq 100 also declined 0.33%, after both indexes closed at record highs in… Continue reading Dow Jones falls 253 points as Iran tensions, earnings weigh mood

Hasbro stock jumps 7% as preliminary revenue tops estimates

Hasbro, Inc. reported preliminary first-quarter revenue that exceeded Wall Street expectations, driven by strong demand for its flagship trading-card franchise Magic: The Gathering, even as a cybersecurity incident delayed the release of full results. The company said it expects revenue in the range of $970 million to $985 million for the quarter, ahead of analyst… Continue reading Hasbro stock jumps 7% as preliminary revenue tops estimates

Honeywell stock falls as Middle East conflict hits Q2 outlook

Honeywell warned of a softer-than-expected second quarter as geopolitical tensions in the Middle East disrupt supply chains and weigh on industrial activity, sending its shares lower in premarket trading even as the company pressed ahead with a sweeping restructuring plan. Shares of the Charlotte, North Carolina-based conglomerate fell 5.6% before the bell after the company… Continue reading Honeywell stock falls as Middle East conflict hits Q2 outlook

FTSE 100 slips as oil jumps, Iran talks hopes fade

Britain’s benchmark FTSE 100 fell on Thursday, pressured by rising oil prices and fading prospects of renewed US-Iran peace negotiations. Investors also remained focused on a fresh batch of corporate earnings. The blue-chip index dropped 0.8% to 10,388.84 points. Meanwhile, the mid-cap FTSE 250 declined 1.1%, reflecting broader weakness across UK equities. Oil price surge… Continue reading FTSE 100 slips as oil jumps, Iran talks hopes fade

Nokia shares hit 16-year high on AI-driven earnings beat

Nokia’s shares surged to a 16-year high on Thursday after the Finnish telecom equipment maker reported stronger-than-expected quarterly earnings and raised its growth outlook for its artificial intelligence-focused business. Shares listed in Finland climbed more than 9%, reaching their highest level since April 2010 when it was only known as a phone company, while the… Continue reading Nokia shares hit 16-year high on AI-driven earnings beat