Articles by Daniel Marsh
Dow Hits New Record as Wall Street Eyes Inflation Data and Earnings
The Dow Jones Industrial Average surged to a new record close of 50,714.31 on Friday, led by gains in semiconductor and PC stocks, as optimism over U.S.-Iran talks and strong earnings buoyed markets.
Hyliion Surges on Navy Interest in KARNO Generator Technology
Hyliion shares surged nearly 40% after a U.S. Navy trial update on its KARNO generator platform, with commercialization of the 200-kW module expected late this year.
Millrose Properties in Spotlight as Dream Finders Presses Beazer Bid
Millrose Properties shares rose to $27.65 after Dream Finders Homes renewed its $25.75/share cash bid for Beazer Homes, with Millrose offering up to $500M in land-banking capital.
Opendoor Shares Steady as Mortgage Rate Climb Pressures Housing Market
Opendoor shares traded flat near $4.55 as rising mortgage rates and a drop in housing starts offset recent gains. The company reported improved gross margins but a wider net loss in Q1.
Family Dollar Shutters Over 350 Stores, Testing Private-Equity Turnaround
Family Dollar closed at least 350 stores in 10 months, hitting Southern and Appalachian areas hard. New private-equity owners face a test of their turnaround strategy.
Uber Eyes Full Takeover of Delivery Hero, Intensifying Food Delivery Rivalry
Uber is exploring a full takeover of Delivery Hero after raising its stake to 19.5%, Bloomberg reports. A further increase to 30% would trigger a mandatory offer.
Ondas Charts Next Move After $196.6M Omnisys Acquisition
Ondas shares edged up 0.54% to $9.23 after closing its $196.6M stock acquisition of Omnisys, while a resale filing for 2.7 million Mistral shares adds overhang.
PicoCELA Surges 141% on Nasdaq as Thin Float Fuels Volatility
PicoCELA's U.S.-listed shares surged 141% to $5.43 on Friday, extending a two-day rally with no new operating news, as traders piled into the thinly traded stock ahead of a key shareholder vote.
Mister Car Wash Delisted After $3.1B Buyout by Leonard Green
Mister Car Wash shares are no longer trading after Leonard Green completed a $3.1 billion buyout, paying $7.00 per share to eligible holders.
Akari Therapeutics Surges on Promising KRAS Cancer Data and $5.5M Financing
Akari Therapeutics shares surged over 100% in premarket trading after its lead drug candidate AKTX-101 showed positive preclinical results in KRAS-mutated pancreatic cancer models and the company announced a $5.5 million private placement.