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Corning falls 16% after forecasting weaker-than-expected Q3 sales

Corning falls 16% after forecasting weaker-than-expected Q3 sales

July 28 (Reuters) - Corning on Tuesday forecast third-quarter sales that fell slightly short of Wall Street expectations after reporting slower growth in its key fiber optics unit, sending its shares down more than 16% in premarket trading.

PayPal presses on with turnaround in pivotal quarter as sale questions linger

PayPal presses on with turnaround in pivotal quarter as sale questions linger

July 28 (Reuters) - PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is worth more than the $53 billion takeover offer that analysts described as "low-ball".

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - Nasdaq futures fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall

Nasdaq falls as AI worries mount ahead of pivotal earnings

Nasdaq falls as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.

Wall St futures gain as pause in US-Iran hostilities lifts sentiment

Wall St futures gain as pause in US-Iran hostilities lifts sentiment

By Johann M Cherian and Ragini Mathur July 27 (Reuters) - Wall Street futures climbed on Monday after the United States and Iran announced a pause in hostilities over the weekend, driving oil prices sharply lower and boosting risk appetite ahead of a week of major earnings, economic data and an

UPS hikes full-year forecast after completing Amazon volume transition

UPS hikes full-year forecast after completing Amazon volume transition

By Lisa Baertlein and Abhinav Parmar LOS ANGELES, July 28 (Reuters) - United Parcel Service lifted annual revenue and profit forecasts and posted second-quarter results above Wall Street estimates on Tuesday as it returned to growth on domestic demand strength after a planned volume pullback in

Wall St futures rise as US, Iran pause hostilities

Wall St futures rise as US, Iran pause hostilities

July 27 (Reuters) - Wall Street's main stock index futures rose on Monday as the United States and Iran announced a pause in hostilities over the weekend, sending oil prices sharply lower. A wide swathe of stocks sensitive to energy prices rose in premarket trading.

UPS raises full-year forecast after upbeat quarter, wraps up Amazon volume transition

UPS raises full-year forecast after upbeat quarter, wraps up Amazon volume transition

LOS ANGELES, July 28 (Reuters) - United Parcel Service raised its annual revenue forecast and posted second-quarter results above Wall Street estimates on Tuesday after a planned pullback in Amazon.com volumes as a promised return to year-over-year growth materialized.

S&P and Nasdaq dip as investors focus on tech earnings

S&P and Nasdaq dip as investors focus on tech earnings

By Sinéad Carew and Noel Randewich July 27 (Reuters) - Wall Street dipped on Monday, as investors worried that stubbornly high oil prices could force the Federal Reserve to raise interest rates, as they also awaited guidance from major technology companies in a busy week for quarterly earnings.

Wall Street ends mixed as investors focus on tech earnings

Wall Street ends mixed as investors focus on tech earnings

By Sinéad Carew and Noel Randewich July 27 (Reuters) - Wall Street ended mixed on Monday, as investors awaited guidance from major technology companies in a busy week for quarterly earnings, while also worrying that stubbornly high oil prices could force the Federal Reserve to raise interest rates.

Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

By Yantoultra Ngui and Roshan Thomas SINGAPORE, July 28 (Reuters) - Chinese optical parts maker Zhongji Innolight said on Tuesday it had priced its Hong Kong listing at HK$980 per H share, raising HK$53.41 billion ($6.81 billion) in Asia's second-largest listing this year.

Centene lifts annual profit forecast on improved cost management

Centene lifts annual profit forecast on improved cost management

By Sneha S K and Sriparna Roy July 28 (Reuters) - Centene on Tuesday raised its annual profit and revenue forecasts after beating estimates for quarterly earnings, as the health insurer kept control of its costs.