Brazil and Canada are ready to revive stalled talks on an “action plan” to free up trade between Ottawa and the Mercosur trade bloc, said Brazil’s foreign trade secretary, Tatiana Prazeres.The current exchanges are a “constructive dialogue,” Prazeres explained, adding that Canadian officials are scheduled to visit Brazil at the…
Opendoor Technologies shares jumped about 16% on Friday following the announcement that CEO Carrie Wheeler will step down from the online real estate company.Wheeler, who took over in 2022, said she is accelerating succession plans she had shared with the board earlier this year, citing the need for fresh leadership…
Shares of Applied Materials fell nearly 14% in premarket trading on Friday after the US chip equipment maker issued a downbeat fiscal fourth-quarter forecast, citing sluggish demand from China and growing tariff-related risks.The Santa Clara, California-based company projected adjusted earnings per share of $2.11, plus or minus 20 cents, for…
Nu Holdings stock price jumped in the pre-market session on Friday as investors cheered its strong revenue growth and guidance. It jumped to a high of $13.18, up by almost 10% from its closing of $12. It has jumped by over 47% from its lowest level in April. Nu Holdings business…
Shares of Tapestry, the parent company of Coach, dropped nearly 16% on Thursday following the company’s warning that tariffs introduced by former US President Donald Trump would negatively impact profits. The sell-off came despite a strong year-to-date performance, with the stock up more than 46% in 2025 before the latest…
Trade Desk Inc.’s early days in the S&P 500 have been rocky. Shares of the advertising-technology provider have dropped 33% since being named to the benchmark index on July 14 and are down 38% since officially joining on July 18, making it the worst-performing stock in the S&P 500 so…
The US markets opened largely unchanged on Friday, buoyed by retail sales data that pointed to continued consumer strength as the market digested hotter-than-expected wholesale inflation, as Wall Street prepared to close another week of gains. The S&P 500 index gained 0.03%, while the Dow Jones Industrial Average advanced 200…
Cisco Systems’ shares fell more than 2% on Friday after HSBC downgraded the networking equipment maker from “buy” to “hold”, citing concerns that the company’s recent restocking boost is losing steam. The bank also lowered its price target to $69 per share from $73, implying a modest 0.4% downside from…
UnitedHealth Group shares surged more than 11% in Friday trading, on track for their strongest single-day performance since 2009, after a regulatory filing revealed Warren Buffett’s Berkshire Hathaway had quietly built a $1.6 billion position in the health-insurance giant. The conglomerate disclosed ownership of 5 million shares at the end…
Morgan Stanley has expressed renewed optimism about Apple Inc., citing stronger-than-expected iPhone demand in China and the potential for upward estimate revisions. Analyst Erik Woodring wrote in a Thursday note that “the Apple story could be turning the corner,” driven by higher iPhone build forecasts and the possibility of valuation…