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Best Buy beats quarterly estimates and hikes its outlook, but stock falls
Best Buy reported better-than-expected fiscal second-quarter results and raised its full-year outlook, though its stock declined about 7% in morning trading.
The Best-Performing Commodity ETFs of 2026: Oil and Broad Baskets Lead the Pack
Oil-tracking funds led commodity ETF performance in 2026, with USO returning roughly 103.9% year to date. Diversified commodity baskets and precious metals showed weaker results amid energy’s dominance.
AI Data Center Boom Pushes U.S. Power Equipment to the Breaking Point
Power equipment manufacturers face severe shortages as Big Tech’s AI data center expansion strains grid infrastructure, with transformer and substation deficits creating supply bottlenecks.
Why Oil Majors Don’t Want to Build New U.S. Refineries
U.S. oil refiners operating at maximum capacity cannot quickly increase gasoline supplies to address record-high prices, despite presidential pressure to boost output ahead of midterm elections.
Trending COVID 19 News
Education Department recalculates student loan forgiveness counts, setting some PSLF borrowers back
The Education Department is recalculating PSLF payment counts for some borrowers, reducing their qualifying payments toward loan forgiveness and delaying debt cancellation timelines.
Average 401(k), IRA balances hit record highs — but more workers are raiding their accounts, Fidelity says
Average 401(k) and IRA balances reached record highs in the second quarter, though more workers are withdrawing or borrowing from retirement accounts due to financial pressures.
Gap shares jump 12% after company names new Old Navy CEO to revive struggling brand
Gap announced a new CEO for Old Navy effective November 2 as the struggling brand faces declining sales, causing Gap shares to jump 12% in extended trading.
BYD shares slide as fierce China competition dents first-half earnings
BYD shares fell nearly 5% in Hong Kong following the release of interim results showing first-half net profit declined 20.5% amid fierce competition and weak domestic demand in China.
REX American Resources Corporation Q2 2026 Earnings Call Summary
REX American Resources achieved record second-quarter net income per share, driven by stronger crush margins and the 45Z production tax credit program contributing $18.4 million to gross profit.
GitLab Inc. Q2 2027 Earnings Call Summary
GitLab reported record quarterly bookings and grew first-time orders over 100% year-over-year, while introducing a new flexible consumption model and setting ambitious AI-related targets for the remainder of the fiscal year.
Corn Bulls Taking a Breather on Wednesday Morning
Corn futures retreated 7 to 8¼ cents Wednesday morning after posting gains of 6 to 8¾ cents Tuesday, with open interest rising 19,874 contracts indicating fresh buying interest.
Soybeans Fading Back Lower on Wednesday Morning
Soybean futures declined 12 to 15 cents early Wednesday morning, reversing gains from Tuesday when prices rose 21 to 29 3/4 cents with increased open interest.
Warren Buffett’s Giveaway Plan Implies $17 Billion of Berkshire Stock a Year. Greg Abel Bought Back $4.5 Billion Last Quarter.
Warren Buffett plans to give away approximately $17 billion in Berkshire Hathaway stock annually to foundations, while CEO Greg Abel repurchased $4.5 billion in stock during the second quarter.
Bancorp’s Fintech Comeback Gains Momentum
The Bancorp reported strong second-quarter earnings of $1.45 per share, beating estimates, as fintech operations accelerated and credit concerns eased following previous accounting troubles.
Down 38%, This Cryptocurrency Might Have Finally Hit a Bottom
Bitcoin has declined 38% from its all-time high of $126,000 in October, but investor sentiment shifted dramatically in recent weeks as regulatory clarity and economic factors appear to support a market bottom.
Zscaler stock rises on earnings beat, upbeat guidance
Zscaler stock surged on Thursday after the cloud security company beat Wall Street earnings estimates on strong demand for AI-focused cybersecurity tools and upbeat forward guidance.