Articles by Daniel Marsh
American Airlines Slides on Route Cuts Amid Jet Fuel Cost Squeeze
American Airlines shares traded near flat after cutting some routes for August and September due to high jet fuel costs, with AAL down 9.2% for the week.
Merlin Shares Surge on C-130J Program Milestone
Merlin Inc shares surged up to 27.6% premarket after the U.S. Special Operations Command approved a key design review for its C-130J autonomy program, moving the contract closer to flight tests.
Tech Futures Slide on Broadcom Disappointment Ahead of Jobs Data
Nasdaq 100 futures dropped 0.9% after Broadcom's revenue miss and weak AI chip guidance, with S&P 500 futures also lower ahead of the May jobs report.
Redwire Jumps 15% on Space Strawberry Deal, Defense Drone Boost
Redwire shares surged 15.1% after landing a space agriculture contract and a $15.9 million Army drone deal, adding nearly $600 million in market cap, but the greenhouse contract value was not disclosed.
Social Security Benefits at Risk of $500 Monthly Cut by 2032, New Report Finds
Social Security retirement benefits face a potential 24% cut by late 2032 if Congress fails to act, with average monthly reductions of $459-$556 across all states, per a new CRFB analysis.
AT&T Slides on Satellite Broadband Threat, Analyst Downgrade
AT&T shares fell to $22.77 premarket after Oppenheimer downgraded the stock, citing satellite broadband threats from Starlink and Amazon's Leo. Fiber and bundle strategies are the counter.
Solidion Skyrockets 357% on Space Battery News; Future Hinges on Friday Trading
Solidion surged 357% to $22.71 on its Gen-ECB battery platform for space and AI, but with Q1 sales of $85,426 and $38,887 cash, the stock's rally faces a critical test.
Dow Notches Record Close; Tech Falters in After-Hours Trading
The Dow Jones Industrial Average closed at a record high, but after-hours trading turned volatile as Broadcom missed revenue estimates and Lululemon slashed its profit outlook, with all eyes on Friday's jobs report.
AT&T Slumps on Legal Blow and Satellite Threat Ahead of SpaceX IPO
AT&T shares fell 3.3% after a Supreme Court setback and an Oppenheimer downgrade warning of satellite broadband competition from SpaceX, whose IPO nears.
Nokia Stock Plunges 6% as AI Rally Fades, Nordea Boosts Target
Nokia shares fell 6.15% in Helsinki, snapping a three-day AI rally, as investors questioned pricing of AI and Nvidia deals, despite Nordea raising its price target to €15.70.