• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»5 Things to Know Before Markets Open
Finance

5 Things to Know Before Markets Open

August 16, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
5 Things to Know Before Markets Open
Share
Facebook Twitter LinkedIn Pinterest Email

Housing starts are expected to rise and Intel ends its plans to acquire Israeli chipmaker Tower Semiconductor. Here’s what investors need to know today.

1. Intel Drops Plans to Buy Israeli Chipmaker Tower Semiconductor

Intel (INTC) is ending its planned $5.4 billion acquisition of Israel-based chipmaker Tower Semiconductor (TSEM) after delays in getting regulatory approval for the deal that was struck in 2022. The development is considered a setback for Intel’s plan to expand its foundry services, enabling it to construct chips designed by other companies. Shares of Tower dropped almost 12% in pre-market trading, while Intel shares were up 0.15%.

2. Housing Starts Expected to Increase

Housing starts are expected to tick up to 1.45 million for July from 1.43 million in the prior month, while building permits are also expected to move higher, when the Census Bureau releases that data at 8:30 a.m. ET. Also today, the minutes of the July meeting of the Federal Open Market Committee will be released at 2 p.m. ET, and could give investors insight on how members of the Federal Reserve might act on interest rates at coming meetings.

3. Cava Shares Soar After Beating on Revenue, Earnings in First-Ever Report

Fast-casual restaurant chain Cava Group (CAVA) delivered better-than-expected earnings and revenue after it added 16 new restaurants in the quarter and kept menu price hikes to around 4%. In its first-ever earnings report after going public in June, the Mediterranean-themed chain delivered earnings of $0.21 a share on revenue of $171.1 million, against analyst estimates of $0.02 cents a share earnings on $163.2 million revenue. Shares of Cava jumped more than 12% in pre-market trading.

See also  Morning Bid: Markets labor on China, three jobs gauges

4. Coherent Shares Fall on Lower-than-Expected Earnings Outlook

Shares Coherent Corp. (COHR) plunged 22% in pre-market trading after the optoelectronics company issued forward guidance that was below analyst expectations. The company said it expects to deliver earnings-per-share of between $0.05 and $0.20 on revenue of $1 billion to $1.1 billion for its fiscal first quarter, where analysts were looking for $0.47 earnings per share on revenue of $1.17 billion.

5. Shares of Online Payment Provider DLocal Jump After Reporting Better-than-Expected Revenue

Shares of DLocal (DLO) were up 29% in pre-market trading after the online payments company reported second-quarter revenue that beat expectations after the Uruguay-based company said it grew in Brazil, Africa and Asia. The company posted earnings of $0.15 a share for the second-quarter, better than the $0.10 a share it reported in the same quarter a year ago, while its revenue surged to $161.1 million in the quarter, better than the $149.4 million analyst expected to see.

Markets Open
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025

How China’s Companies Are Responding to the US Trade War

April 16, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Russia Says It Dispatched 2 Jets To Intercept 2 Drones Over Black Sea

August 22, 2023

Nvidia stock is a bubble waiting to burst – and the AI rush may be a modern version of 17th-century tulip mania, note says

September 23, 2023

President Biden Snaps at Reporter, ‘Never Talked Business’ With Embattled Son Hunter

August 10, 2023

110 Short Graduation Quotes for High School Seniors and University Graduates in 2025

May 5, 2025
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Elon Musk Used Insider Trading to Manipulate Dogecoin Cryptocurrency

June 4, 2023

Vanna White Hires Power Lawyer in Fight for First ‘Wheel of Fortune’ Pay Raise in 18 Years, Wants Half of Pat Sajak’s Salary

July 2, 2023

Biden to visit Michigan to support auto strike, a day before Trump

September 23, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.