5 THINGS TO KNOW BEFORE THE STOCK MARKET OPENS
Boeing Faces Strike
Boeing (BA) shares are down 4% in premarket trading as over 30,000 members of its largest union, IAM, go on strike after rejecting a 25% pay hike offer, disrupting airplane assembly in the Pacific Northwest and California.
Adobe’s Weak Outlook
Adobe (ADBE) shares fell 8% after issuing a disappointing outlook for the current quarter, despite better-than-expected Q3 results. Economic uncertainty and high interest rates are affecting enterprise spending on premium software.
Oracle’s Positive Sales Forecast
Oracle (ORCL) stock surged 6% after its Executive Vice President projected annual revenue to rise to $104 billion by 2029. The company also raised its fiscal 2026 revenue target, surpassing analysts' estimates.
Gold Reaches Record Highs
Gold prices hit a new high of $2,594 per ounce due to renewed expectations of aggressive interest-rate cuts by the Federal Reserve, making the precious metal more attractive amid geopolitical concerns.
Blackstone Considering Sale of VFS Global
Blackstone (BX) is reportedly exploring options for a full or partial sale of its majority stake in visa outsourcing firm VFS Global, which could be valued at $7 billion.
Boeing Faces Strike
Boeing (BA) shares are down 4% in premarket trading as over 30,000 members of its largest union, IAM, go on strike after rejecting a 25% pay hike offer, disrupting airplane assembly in the Pacific Northwest and California.
Adobe’s Weak Outlook
Adobe (ADBE) shares fell 8% after issuing a disappointing outlook for the current quarter, despite better-than-expected Q3 results. Economic uncertainty and high interest rates are affecting enterprise spending on premium software.
Oracle’s Positive Sales Forecast
Oracle (ORCL) stock surged 6% after its Executive Vice President projected annual revenue to rise to $104 billion by 2029. The company also raised its fiscal 2026 revenue target, surpassing analysts' estimates.
Gold Reaches Record Highs
Gold prices hit a new high of $2,594 per ounce due to renewed expectations of aggressive interest-rate cuts by the Federal Reserve, making the precious metal more attractive amid geopolitical concerns.
Blackstone Considering Sale of VFS Global
Blackstone (BX) is reportedly exploring options for a full or partial sale of its majority stake in visa outsourcing firm VFS Global, which could be valued at $7 billion.