Saudi Arabia's benchmark stock index, the Tadawul All Share, fell 1.25% on Wednesday to its lowest point in three months, weighed down by significant losses in the financial services and energy sectors.
Asset manager Direxion has introduced six new unleveraged ETFs designed to generate income by writing covered call options on individual stocks like Nvidia, Tesla, and Alphabet. The funds target investors seeking income from high-growth companies that pay little to no dividends.
Shares of The Cheesecake Factory (CAKE) climbed after the casual dining chain reported record quarterly revenue exceeding $1 billion and earnings that significantly surpassed analyst estimates, prompting the company to raise its full-year guidance.
HSBC has adjusted its outlook for major European markets for the second half of 2026, downgrading UK and French equities to "neutral" while upgrading German equities to "overweight," citing shifting earnings momentum and economic factors.
Shares of the advertising giant fell after its second-quarter adjusted EBITDA fell nearly 10% short of analyst expectations, raising concerns about profitability despite stronger-than-expected revenue and an improved outlook.
Shares of Avis Budget Group fell more than 12% after the car rental company reported second-quarter earnings per share that came in at less than half of what analysts had forecast, overshadowing a beat on adjusted EBITDA.
The White House is expected to announce a $22 billion plan to redevelop Washington Dulles International Airport, the primary international hub for the U.S. capital region, according to sources.
The medical device maker trimmed its annual profit and sales guidance due to slowing growth for its Watchman heart implant, a development that overshadowed a second-quarter earnings and revenue beat.
Ford Motor Company shares jumped after the automaker reported second-quarter earnings that surpassed analyst expectations and raised its full-year profit guidance for the second time in 2026.
