Earnings Surprise Overshadowed by Steep Revenue Decline GameStop reported adjusted earnings of $0.17 per share for the quarter ended April 30, significantly outperforming Wall Street’s estimate of $0.04. This marks the company’s fourth consecutive quarterly profit. However, revenue fell 17% year-over-year to $732.4 million, missing analyst expectations of $754.2 million. Net income came in at
US Stock Market Live: Futures on Wall Street are currently pointing to a negative start to Tuesday’s trading session, even as investors brushed aside concerns arising from the Moody’s downgrade. Monday’s session saw the resultant gap-down from the downgrade being swiftly bought into, as benchmark indices recovered all their losses to end above the flat
May 19, 2025 11:46 PM IST US Stock Market LIVE Updates: Moody’s Cuts Deposit Ratings at Major Banks After Downgrading US Moody’s Ratings cut its ratings for deposits at some of the biggest banks, including Bank of America Corp., JPMorgan Chase & Co., citing Friday’s downgrade of the US and the government’s weakened ability to
May 19, 2025 6:17 PM IST US Stock Market LIVE Updates: Despite Backlash From Trump, DEI Hasn’t Disappeared at US Companies Walmart Inc. stunned civil-rights activists in November by saying it was pulling back on diversity, equity and inclusion efforts. The world’s largest retailer said it would stop using the term “DEI” in official communications,
US Stock Market Live: US stock futures have seen a slide in early trading on Sunday evening US time, as a credit rating downgrade of the world’s largest economy by Moody’s has hit sentiment. The Dow futures are down 280 points, while those on the S&P 500 and Nasdaq are down 50 points and 165
Familiar Signs of a Market Top Anyway, what we have now is a rally to new highs in world stocks without an analogous rally in the U.S. stocks. We also see that this breakout in world stocks happened after a sharp decline. Moreover, there was a sizable rally in mining stocks (XAU Index in the
US Stock Market Highlights: The S&P 500 closed higher, marking a five-session winning streak with a 5.3% weekly gain. The Nasdaq rose 0.52%, up 7.2% for the week, led by tech stocks amid easing US-China trade tensions. US Stock Market Live: The S&P 500 closed higher on Friday, extending its winning streak to five sessions
May 16, 2025 11:32 PM IST US Stock Market Live: Nvidia eyes R&D facility in Shanghai Nvidia is planning to set up a research and development centre in Shanghai as it looks to strengthen its presence in China’s growing artificial intelligence market, despite tighter U.S. export controls. The move follows CEO Jensen Huang’s recent visit
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US Stock Market Live: Wall Street futures are trading higher ahead of the final session of the week, pointing to a positive opening. Dow futures are up by 150 points, with the S\&P 500 and Nasdaq futures gaining 15 and 50 points respectively. Thursday’s rally was driven by a drop in bond yields, as weaker-than-expected