Articles by James Calloway
Grab Stock Surges 8% on Record Profit, Superbank Consolidation Plans
Grab Holdings shares surged 8% to $3.57, outpacing the Nasdaq, as investors cheered record profit, 24% revenue growth, and Superbank consolidation plans.
Netflix Shares Dip Amid Streaming M&A Speculation and Market Closure
Netflix shares closed at $77.38 after a 3.7% weekly decline, underperforming the Nasdaq's 2.43% gain amid Fox's Roku deal and acquisition speculation.
Denny's Launches All-Day Value Menu with Under-$10 Deals
Denny's launches its Clock's Off Menu nationwide on June 24, featuring all-day breakfast, lunch, and dinner options with under-$10 deals to attract value-conscious customers.
US Makes Global Hawk Drone Deployment in Japan Permanent
The US Air Force has permanently stationed three RQ-4B Global Hawk drones at Yokota Air Base, Japan, shifting from seasonal to year-round operations to boost surveillance in the Pacific.
Cerebras Faces Earnings Test After Stock Recovery
Cerebras Systems shares rose 9.85% to $234.71 in a holiday-shortened week, still well below its $350 debut. First-quarter earnings due June 23 will test if AI chip hype translates into real revenue.
Micron Hits Record High, All Eyes on AI-Driven Earnings Next Week
Micron shares hit a record close of $1,133.99, up 8.7% Thursday, ahead of its fiscal Q3 earnings on June 24. The stock gained 15.5% in a holiday-shortened week as investors bet on sustained AI-driven demand for memory chips.
Netflix Stock Dips Ahead of Q2 Earnings Focused on Margins and Ads
Netflix shares slipped 3.7% last week, closing at $77.38, as the market shifts focus to its Q2 earnings report due July 16, where margins, pricing, and ad growth will be key topics.
Merrill Lynch Fined $175,000 by FINRA for Municipal Bond Disclosure Lapses
Merrill Lynch was fined $175,000 by FINRA for failing to disclose market discounts on municipal bond trades, just days after a $225,000 censure for missed call-center complaints. The fines underscore operational challenges as Bank of America expands retail banking in Louisiana.
Mars Drops Blue and Brown Dyes in New M&M's Launch
Mars is set to release M&M's without certified synthetic colors in August, initially offering only four colors due to difficulties replicating blue and brown with natural dyes.
TD Bank Hits 52-Week High After OSFI Cuts Capital Buffer
TD Bank shares hit a 52-week high after Canada's OSFI lowered the Domestic Stability Buffer to 3.0%, freeing up capital for lending. The stock rose 0.44% to C$169.38, but U.S. anti-money-laundering issues remain a key risk.