52m ago
Salesforce shares jump after $1.6 billion VA deal and Sept. 2 earnings outlook
Salesforce said it signed a $1.6 billion, three-year enterprise agreement with the U.S. Department of Veterans Affairs to deploy agentic AI, Slack and other products for more than 17 million veterans. Investors are also focused on the company’s fiscal second-quarter report due Sept. 2, with analysts expecting earnings of $3.09 per share on revenue of $11.31 billion, both up from a year earlier. The shares rose notably on the news and moved above several short-term moving averages.
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ACC posts Q1 FY27 profit drop of 61% to ₹147 crore after audio of June 30, 2026 results call goes online
ACC Limited reported a 61% year-on-year fall in FY27 first-quarter consolidated net profit to ₹147 crore. Revenue declined 8.2% to ₹5,808 crore, while EBITDA margin narrowed to 7.9% from 12.3% a year earlier. The company attributed the pressure to planned maintenance shutdowns and higher raw-material costs tied to West Asia’s geopolitical tensions. The results are closely watched as a key snapshot for India’s cement sector and influence valuation assumptions for domestic cement stocks.
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Tractor Supply to close about 75 underperforming Petsense stores from its 209-location chain
Tractor Supply, the largest rural lifestyle retailer in the U.S., said it will close about 75 underperforming Petsense stores, or 36% of the 209 locations it had as of late June. CEO Hal Lawton disclosed the move on the company’s July 23 earnings call, saying it is intended to improve returns, simplify the business and shift resources toward higher-growth opportunities. The decision signals a pullback in the company’s pet retail strategy and is a negative earnings signal for Tractor Supply (NASDAQ: TSCO).
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Washington blacklists CXMT as export controls expand to 24 chipmaking tools and three software categories
The United States has placed ChangXin Memory Technologies (CXMT) on an export-control blacklist, expanding restrictions to 24 categories of chipmaking equipment and three categories of software. The move is accelerating China’s push to substitute domestic semiconductor tools, with overall local equipment penetration reaching 35% in 2025 and exceeding 40% in etching and thin-film deposition. Policy also requires new production lines to use at least 50% domestically produced equipment. CXMT has expanded quickly and has become the world’s fourth-largest DRAM maker with a 7.7% global market share in 2025, challenging the market long dominated by Samsung, SK Hynix and Micron.
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JetBlue shares jump after revenue tops estimates as adjusted loss narrows to 66 cents a share
JetBlue reported an adjusted loss of 66 cents per share for the quarter, narrower than the 71-cent loss analysts expected. Revenue rose 14.5% year over year to $2.697 billion, ahead of the $2.688 billion consensus. Passenger revenue increased 14.1% and RASM rose 10.9%, but a 76.3% surge in fuel costs pushed operating results to a $141 million loss from a profit a year earlier. The operational metrics in the report helped lift the stock during the session.
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Canadians cut US travel spending by $3.3bn in 2025 as cross-border demand cools
Canadian residents spent $18.8bn travelling to the US in 2025, down $3.3bn from 2024, a 15% decline and the second-largest annual drop since records began in 1972. Over the same period, spending on overseas travel excluding the US rose by $3.6bn to $22.8bn, while visits to Europe and Asia increased by 14% and 17%. The figures indicate that policy shifts after Donald Trump returned to office weighed on cross-border travel demand, adding pressure to US services exports and related macro indicators.
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Blink Charging gets Nasdaq compliance extension through Jan. 25, 2027
Blink Charging said it received a notice from Nasdaq extending the company’s compliance period after it failed to meet ongoing listing standards such as the minimum bid price. The company said the development reflects a routine exchange between an issuer and the exchange and does not involve revenue, earnings, operational changes or macro policy adjustments. Blink also cautioned that its announcement contains legally binding forward-looking statements and that actual results could differ materially from expectations.
2h ago