The industrial supplier lifted its full-year 2026 profit guidance and reported a third-quarter earnings beat, citing robust demand for its HVAC and building management systems from the AI-driven data center boom.
South Korea's finance ministry has announced immediate measures to regulate single-stock leveraged ETFs, including imposing investment caps and increasing trading costs to mitigate market risks.
Microsoft, Meta, Amazon, and Apple are set to report quarterly results this week, with investors focused on AI spending, cloud growth, and forward guidance. Recent market trends show even strong earnings beats may not be enough to lift share prices amid concerns over high valuations and capital expenditures.
Teva Pharmaceutical shares climbed after its Q2 revenue topped estimates and sales from key innovative drugs surged 43%. Investors looked past a large EPS miss caused by a one-time acquisition charge.
Generac shares jumped after the company reported second-quarter earnings that crushed analyst estimates, driven by a significant tariff refund and booming demand from data center clients.
Kepler Cheuvreux raised its rating on the Swiss watchmaker to Buy from Reduce and increased its price target, citing stronger sales, improving profitability, and earnings estimates that are well above market consensus.
The El Niño weather phenomenon is unlikely to trigger sovereign rating downgrades on its own, according to S&P Global. The credit rating agency notes that the key risk factor is a costly fiscal response by governments, rather than the direct economic disruption.
JPMorgan analysts have outlined five potential outcomes for the Federal Reserve's upcoming rate decision, with a 'hawkish hold' seen as the most likely scenario. A surprise rate hike, assigned a 20% probability, could send the S&P 500 tumbling by up to 2%.
Shares of Rogers are rallying in pre-market trading, reversing a steep sell-off, after investors reassessed the company's strong second-quarter earnings beat and robust third-quarter forecast, which overshadowed initial concerns about supply chain disruptions.
