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Costco Q4 Profit Tops Estimates, But Tariff Refund Masks Modest Core Beat
Costco beat Q4 earnings estimates, but a $0.15 tariff refund drove most of the surprise. Excluding that benefit, the beat was just $0.07. Shares were nearly flat in premarket trading.
TalkTalk's Rescue Sales Near Completion Amid £1B Debt Wipeout
TalkTalk is finalizing rescue sales of its consumer and wholesale units, with a reported £100M consumer price and a potential £1B debt write-off for owners.
Starbucks Trims 2026 Store Opening Outlook After Announcing 250 North American Closures
Starbucks will close about 250 North American stores, adding $300 million in charges and cutting its fiscal 2026 net opening forecast to 440. Shares ended 0.5% lower.
GTA VI $400 Collector's Box Omits Game, Tests Fan Spending
Rockstar's $399.99 GTA VI collector's box excludes the game, making the cheapest bundle $479.98. Take-Two shares edged up 0.28% as investors weigh fan spending ahead of the November 19 release.
Oracle Shares Slide 4.4% on Project Jupiter Force Majeure Notice
Oracle shares fell 4.4% after a force majeure notice on Project Jupiter raised delay risks. With $288B in lease commitments and negative free cash flow, investors question execution.
AO World Shares Slide 4% as Jessops Deal Fails to Lift Profit Outlook
AO World shares fell 4% after acquiring Jessops but keeping full-year guidance unchanged. First-half pretax profit is expected to exceed £21.5 million.
Viking Therapeutics Shares Slip 13% on $500M Capital Raise
Viking Therapeutics shares dropped 13.6% after a $500M capital raise, nearly doubling its cash runway to fund clinical development.
Australia's Jobless Rate Hits 4.6%, RBA Rate Hike Still Expected
Australia's unemployment rate climbed to 4.6% in August, its highest in nearly five years, even as the economy added 39,500 jobs. Despite the softness, traders still price a 96.5% chance of an RBA rate hike next week.
Super-for-Housing Debate Weighs on Australian Bank Stocks
Australian bank shares declined as the superannuation-for-housing debate resurfaced, with the big four banks falling 0.7%-1.8%. No formal policy has been adopted.
McDonald's $8.5B Franchise Plan Sparks Heavy Selloff and Analyst Split
McDonald's stock tumbled 4.8% after the company pledged $8.5 billion in franchisee support through 2036. The market's reaction was mixed, with analysts divided on the plan's potential.
Samsung Galaxy S26 Ultra Privacy Display Trade-Offs Revealed as Mobile Profits Slip
Samsung's Galaxy S26 Ultra privacy screen can blur or alter colors at max setting. Despite strong sales, mobile profits fell in Q2; shares rose 3.25% before Chuseok.
Vistry Shares Slide 6.9% on £470M Reset, Profit Guidance Cut
Vistry shares dropped 6.9% after announcing a £470M restructuring and cutting 2026 profit guidance to £165M. No equity raise is expected.