Market News Today — AI-Curated Stock & Crypto Headlines

Gap (GAP) shares rose after appointing a retail veteran to lead Old Navy and beating profit estimates, despite sales declines and lowered guidance.

Shoprite Holdings Ltd.

Siemens Energy AG anticipates its profit margin for the current fiscal year will reach the upper end of its guidance range, driven by robust demand for gas turbines and grid equipment.

Veralto (VLTO) reported Q2 earnings and sales that surpassed analyst estimates, driven by robust growth in its Water Quality segment and a profit boost from tariff refunds.

Ford announced strong financial results, reporting an operating profit of $2.5 billion and sales of $48.3 billion, indicating a healthy performance for the company.

Wheat prices are extending their rally, driven by escalating geopolitical tensions and worsening weather conditions in key producing regions, which are collectively stoking fears over global supply shortages.

Delta Air reported record revenue and a profit beat despite absorbing its highest quarterly fuel expense, leading to gains in its stock price.

Philip Morris International (PM) has cut its fiscal year profit forecast after taking a $500 million writedown on its investment in its Canadian affiliate.

XRP experienced a 2% price slip due to profit-taking and a high-volume selloff, erasing a recent breakout attempt.

Cochlear Ltd.

Legal & General Group Plc has announced a £1.2 billion share buyback program, indicating a positive outlook for the company as its profits have climbed, which is likely to boost investor confidence and drive up the stock price.

Saudi Aramco has reported a strong fourth-quarter profit, beating estimates and maintaining its dividend payouts, despite concerns over oil exports due to the Iran war threat.