Articles by Daniel Marsh
Azul to Relist on NYSE American; Veris Departs After Buyout
Azul S.A. will list its ADS on NYSE American on June 1 under AZUL, just months after exiting Chapter 11. Meanwhile, Veris Residential has been delisted after its $3.5B buyout.
Pentagon Drone Budget Surge Lifts Unusual Machines, Defense Tech Stocks
Unusual Machines stock jumped 39% premarket after the WSJ reported the Trump administration is in talks to fund US drone companies, as the Pentagon's 2027 budget proposes $74 billion for drone tech.
June Social Security Payout Schedule: Key Dates for Retirees
SSI payments go out June 1, followed by Social Security checks on June 10, 17, or 24 based on birth date. The 2026 COLA boost of 2.8% is included.
T1 Energy Shares Dip After Trina Solar Unloads 22.5M Stake
T1 Energy shares slid 3.9% in premarket trading after Trina Solar disclosed selling 22.5 million shares, cutting its stake to 11%. The stock had closed at a 52-week high of $11.28.
IREN Stock Dips Premarket After $1.6B Dell Deal for AI Hardware
IREN shares dropped 3.6% in premarket after surging 13.48% on a $1.6 billion Dell deal for Nvidia Blackwell systems to support a $3.4 billion AI cloud contract.
US Mortgage Rates Hit 9-Month Peak, Refinancing Plunges
US mortgage rates climbed to 6.65% last week, the highest since August 2025, sending refinance demand down 18% and total applications down 8.5%.
Verra Mobility Shares Stabilize After Avis Contract Termination Sparks Downgrades
Verra Mobility shares stabilized near $4 after plunging 70% on news Avis Budget is ending a major contract. Analysts downgraded the stock and slashed price targets.
Kratos Shares Surge on Hopes of US Drone Funding
Kratos shares jumped 11.2% premarket after reports of possible US government funding for domestic drone makers. The stock closed at $57.30 on Wednesday.
Plug Power Stock Rises Despite Persistent Cash Concerns
Plug Power shares rose 7.8% to $4.14, nearing a 52-week high, but a $245.3M net loss and $150M cash burn in Q1 continue to worry investors.
Redwire Shares Dip in Premarket as SpaceX IPO Buzz Fades
Redwire shares slid to $23.25 in premarket trading Thursday, retreating from Wednesday's $24.00 close. The decline follows a broader space stock rally tied to SpaceX's IPO, though the company has fresh defense contracts.