Articles by Daniel Marsh
Spirit Airlines Faces Imminent Closure After $500M Federal Rescue Fails
Spirit Airlines is preparing to shut down after failing to secure a $500 million U.S. bailout, jeopardizing over 17,000 jobs and billions in claims.
Ciena Shares Face Valuation Check as $416 Target Highlights Priced-In AI Hopes
Ciena shares face a valuation reality check after Rothschild & Co Redburn set a $416 target, nearly 22% below the current price, as much of the AI networking optimism appears already priced in.
Cue Biopharma Rockets 91% on Allergy Drug License, CEO Change, and $30M Capital Raise
Cue Biopharma shares soared 91.4% after licensing Ascendant-221, a Phase 2 anti-IgE antibody, naming Shao-Lee Lin as CEO, and raising $30 million.
Vanguard Takes 7.5% AEP Stake as Jennison Trims Ahead of Earnings
Vanguard disclosed a 7.51% passive stake in AEP, while Jennison trimmed and the Texas pension fund increased its position ahead of the utility's May 5 earnings call.
Major Stake in CenterPoint Energy Revealed by Vanguard
Vanguard revealed a 49.4 million-share stake in CenterPoint Energy, as the utility posts higher Q1 earnings and a steady dividend amid rising data center demand.
PennyMac Faces Dual Probes After 33% Stock Crash Ahead of Q1 Earnings
Two shareholder-rights firms are probing PennyMac Financial Services for potential misleading statements before a 33% stock drop in January. The company reports Q1 earnings on May 5.
American Water Works Unveils 2026 Grant Recipients Amid Infrastructure Spending and Merger Developments
American Water Works (AWK) awarded over $1.5M in grants to 86 groups across 13 states, while reaffirming 2026 EPS guidance and $3.7B in planned investments. Shares fell 2.69%.
Old National Bancorp Buybacks Signal Confidence Amid Comerica Stake Hike
Comerica Bank boosted its Old National Bancorp stake by 27.8% in Q4. ONB posted Q1 net income of $229.6M and repurchased 3.9M shares.
Apple Surge Lifts Dow, S&P 500 Futures; Nasdaq Dips on Oil Jitters
Apple's strong earnings lift Dow and S&P 500 futures, but Nasdaq slips as oil prices climb. Reddit surges on AI ad revenue, while Roblox falls on weak bookings.
S&P 500, Nasdaq Hit Records as Apple's Mixed Results Stir Caution
The S&P 500 and Nasdaq closed at record highs Thursday, capping their best month in years. Apple dropped 1% after hours despite beating earnings, as iPhone sales fell short.
Cigna Exits ACA Market, 369,000 Members Need New Plans for 2027
Cigna Group will exit the ACA individual insurance market after 2026, affecting 369,000 members in 11 states who must find new coverage for 2027.