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The Wiregazette

Author

James Holloway

Markets & Earnings Correspondent. Tracks quarterly earnings, corporate guidance, and the market reaction to company results across sectors. He covers how executives frame outlooks and how investors price growth, margins, and demand in real time. Serves as the desk's general markets voice when a story spans multiple sectors.

Articles by James Holloway

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Earnings8 August 20264 min read

Whirlpool turnaround gains traction as pricing and cost cuts offset demand headwinds

Whirlpool shares have risen 13.6% over the past month after second-quarter results showed sequential margin improvement from pricing actions and cost reductions, though sales and earnings remain below prior-year levels and the stock is still down 40.4% year to date.

Aerial shot of swirling turquoise waters in Naruto, Tokushima, Japan, capturing nature's power.

Earnings8 August 20264 min read

Whirlpool stock jumps 13.6% on turnaround progress; weak demand, higher interest costs persist

Whirlpool shares have gained 13.6% over the past month as pricing actions and cost cuts begin to lift margins, but the appliance maker remains down 40.4% year to date and faces continued pressure from declining industry demand, tariffs and elevated financing expenses.

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Business5 August 20266 min read

Paramount Skydance Beats Q2 Estimates, Raises Outlook as Streaming Gains and WBD Merger Trial Set

Paramount Skydance reported revenue of $6.91 billion, topping Wall Street expectations, and raised its full-year adjusted EBITDA guidance as streaming profits surged. The company also confirmed a March 2027 trial date for the antitrust challenge to its planned $110 billion merger with Warner Bros. Discovery, with CEO David Ellison expressing confidence in closing the deal.

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Emerging Markets3 August 20264 min read

Nine of top-10 firms add Rs 2.51 lakh crore in market cap; Bajaj Finance leads on strong earnings

The combined market valuation of nine of India’s 10 most-valued companies rose Rs 2.51 lakh crore last week, led by Bajaj Finance after its June-quarter profit jumped 28%. Hindustan Unilever was the only loser.

A striking lightning bolt illuminates the night sky in Türkiye, captured outdoors.

Business2 August 20264 min read

Eaton shares surge 7.3% on record Q2 earnings, raised full-year outlook

Eaton Corp. beat second-quarter estimates with adjusted EPS of $3.15 and revenue of $8.53 billion, sending shares up more than 7% and prompting management to lift its full-year guidance above consensus.

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Business2 August 20263 min read

Eaton Stock Surges 7.3% on Record Quarterly Earnings, Raised Full-Year Guidance

Eaton Corporation shares jumped Friday after the industrial giant reported record adjusted earnings and revenue that topped Wall Street estimates, driven by strong electrical and data-center demand, and lifted its full-year profit outlook.

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Markets2 August 20264 min read

Amazon Surge Lifts Tech Sentiment After Strong Cloud Earnings

Amazon shares rallied 14% after the company reported stronger-than-expected cloud revenue and net income, easing investor worries about returns from heavy AI spending and pulling the tech-heavy Nasdaq higher.

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Policy19 July 20264 min read

Semiconductor Sell-Off Deepens as Institutional Traders Eye Momentum Signals, TSMC Guidance Fails to Lift Sector

Semiconductor stocks extended losses Thursday despite a strong earnings beat and raised spending outlook from Taiwan Semiconductor Manufacturing Co., with institutional traders citing deteriorating momentum in tech factors and growing pressure from Asian memory stocks as key headwinds.

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Earnings18 July 20264 min read

Futures Slide as TSMC Results Reignite AI Concerns, Korea Sell-Off Deepens

U.S. stock futures fell sharply Thursday evening, with S&P 500 contracts down 0.3% and Nasdaq 100 futures off 0.8%, after Taiwan Semiconductor Manufacturing’s strong earnings and massive capital spending hike failed to lift the chip sector and a brutal sell-off in South Korean semiconductor heavyweights spread.

Earnings18 July 20264 min read

Netflix Plunges to 2-Year Low as Q3 Forecast Misses Estimates Across the Board

Netflix shares fell as much as 12% on Friday, hitting their lowest level in nearly two years, after the streaming giant’s third-quarter revenue and earnings guidance fell short of Wall Street’s consensus, overshadowing a slight second-quarter earnings beat. The company also announced it will reduce its engagement reporting to once a year, a move that added to investor uncertainty.

Close-up of a vintage IBM circuit board showcasing electronic components and retro technology.

Economy15 July 20264 min read

IBM Plunge Weighs on Dow as Software Rout Spreads; CPI Cools, Bank Earnings Mixed

IBM suffered its worst single-day drop since the 1987 crash after warning that AI spending is diverting corporate budgets from software to hardware, dragging the Dow lower even as cooler-than-expected June CPI data and a mostly positive start to bank earnings lifted the S&P 500 and Nasdaq.

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Earnings15 July 20263 min read

Bank of America Q2 Profit Surges 27% on Broad-Based Growth, EPS Beats Estimates

Bank of America reported second-quarter net income of $9.1 billion, up 27% year-over-year, as revenue rose 15% to $31.6 billion. Earnings per share of $1.21 topped the consensus estimate of $1.13 by $0.08.

Business15 July 20264 min read

IBM Shares Plunge 25% on AI-Led Spending Shift; Software Sector Rout Deepens

IBM warned of a historic revenue miss as clients divert budgets to AI infrastructure and cybersecurity, sending shares down 25% and dragging software stocks lower. The clear warning signals a broader disruption of the enterprise software industry as AI spending reshapes corporate priorities.

Close-up of a vintage IBM circuit board showcasing electronic components and retro technology.

Business15 July 20264 min read

IBM's 26% Plunge Triggers Software Sector Rout as AI Spending Shift Bites

IBM shares cratered up to 27% on Tuesday after the company warned it had "faltered" in adapting to a corporate spending shift from software to AI data-center infrastructure, dragging down Microsoft, ServiceNow, and other enterprise software stocks.

Illuminated Bank of America ATM structure against a dark nighttime backdrop in Boston.

Business14 July 20263 min read

Bank of America Hits 52-Week High After Q2 Earnings Beat, Record Trading Revenue

Bank of America posted Q2 earnings per share of $1.21, topping the $1.13 consensus, as equity-trading revenue surged to a record $3.6 billion. The stock touched a new 52-week high of $60.92.

Business14 July 20264 min read

IBM Plunges 25% After Profit Warning, Shocks Software Sector

IBM shares suffered their worst single-day decline in decades on Tuesday after CEO Arvind Krishna warned that a sudden shift in enterprise spending toward AI infrastructure and cybersecurity had crimped software sales, erasing over $50 billion in market value and dragging down the broader tech sector.

Close-up of golden Bitcoin coins on a shimmering glitter background, symbolizing digital currency's allure.

Crypto28 June 20264 min read

Bitcoin Tests $58K, ETF Outflows Hit $1.35B as Crypto Rout Deepens

Bitcoin steadied near $60,000 on June 26 after briefly touching a 21-month low near $58,100, pressured by a seventh straight week of spot ETF withdrawals totaling about $1.35 billion and a hawkish Federal Reserve backdrop that has lifted the dollar and yields.

Close-up of a golden Bitcoin coin reflecting light on a dark backdrop, symbolizing digital currency and wealth.

Crypto28 June 20264 min read

Bitcoin Hits 21-Month Low Below $58,000 as $1 Billion in Positions Liquidated

The world’s largest cryptocurrency tumbled to a 21-month low of $58,131 on Thursday, extending a selloff that has cut its value by more than half from October’s record high and triggered over $1 billion in forced liquidations across the market.

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Policy28 June 20264 min read

Warsh’s First Fed Meeting Delivers a Hawkish Pivot: No Forward Guidance, No Easing Bias, a Promise to Deliver Price Stability

New Fed Chair Kevin Warsh set a sharply hawkish tone in his first FOMC meeting, dropping all references to easing bias, halting forward guidance, and pledging price stability — sending stocks lower and upending rate-cut expectations.

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Earnings28 June 20264 min read

Darden Posts Mixed Q4 as LongHorn Steakhouse Surges, Olive Garden Lags; Fiscal 2027 Outlook Misses Estimates

Darden Restaurants beat quarterly profit expectations but missed on revenue, and its fiscal 2027 outlook came in below Wall Street projections. Shares fell in morning trading as same-store sales at Olive Garden and the fine-dining division missed estimates. CEO Rick Cardenas described consumer spending as “pretty resilient” but noted persistent caution.

Magnifying glass and colored pencils on financial trend graphs highlighting sales growth.

Earnings28 June 20264 min read

Micron Forecast Reignites AI Optimism; Global Futures Surge

Micron Technology’s quarterly report featuring a gross margin above 84% and a $50 billion revenue forecast lifted Nasdaq futures 2.1% and sent its own shares up 18% in premarket trading, reigniting the artificial intelligence trade amid fresh supply constraints.

Flat lay of revenue report with a calculator, pencils, and notebook.

Earnings28 June 20262 min read

KB Home Revenue Tops Estimates, Shares Jump as West Coast Strength Offsets Broader Decline

KB Home reported quarterly revenue that beat analyst expectations despite a sharp year-over-year drop, sending shares up more than 16% on Wednesday. The homebuilder missed profit estimates but guided for a sequential revenue increase in the third quarter.

Magnifying glass and colored pencils on financial trend graphs highlighting sales growth.

Earnings28 June 20265 min read

Micron Sales Forecast Sparks AI Rally, Nasdaq Futures Surge

Micron Technology's quarterly revenue forecast blew past Wall Street estimates, rekindling AI demand optimism and sending Nasdaq 100 futures up 2.1% as semiconductor stocks rallied sharply in premarket trading.