Articles by James Calloway
Coinbase Surges on Senate Crypto Bill Progress; Uncertainty Ahead
Coinbase shares jumped 5% premarket after the Senate Banking Committee voted 15-9 to advance a key crypto market-structure bill. The legislation now heads to the full Senate, where its passage is uncertain amid opposition from Democrats and banks.
Nu Holdings Reports Record Revenue, Credit Concerns Mount
Nu Holdings reported record Q1 managerial revenue above $5 billion and net income of $871.4 million, but credit-loss allowances rose 33% to $1.79 billion and early delinquencies increased to 5.0%.
Xanadu Quantum Posts Wider Loss in First Public Earnings Report
Xanadu Quantum Technologies posted Q1 revenue of $2.8M, up from $0.7M a year ago, but net loss widened to $20.6M. Shares fell over 3% after hours.
Sidus Space Q1 Revenue Surges 51%, Net Loss Narrows
Sidus Space posted Q1 revenue of $359,000, up 51% YoY, with a narrower net loss of $5.2 million. Shares rose 12%.
Unusual Machines Q1 Revenue Soars 296% as Drone Supply Expansion Gains Steam
Unusual Machines posted Q1 revenue of $8.1 million, a 296% jump, and net income of $10.3 million from investment gains. Shares surged 12.8% as the firm raised $150 million and agreed to buy DroneNX for $52 million.
UAMY Shares Slide on Q1 Loss Despite Progress on Key Defense Contract
UAMY dropped 4% after posting an $11.3 million Q1 net loss. Revenue fell to $6.8 million as the company awaits revenue recognition from its $245 million defense contract.
FCC Approves Verizon's $1B Spectrum Buy from Array Digital Infrastructure
The FCC has approved Verizon's $1 billion purchase of wireless spectrum from Array Digital Infrastructure, enhancing 5G coverage and capacity.
Digi Power X Shares Slide Ahead of Earnings as AI Deal Faces Scrutiny
Digi Power X shares dropped 14% to $7.28 ahead of Friday's earnings report, as the market assesses the $1.1B Cerebras AI data-center deal and a new GPU rental contract.
Manulife Shares Dip 6% on Q1 Earnings Miss Despite Asia Strength
Manulife Financial Corp (MFC) shares slid nearly 6% after Q1 core earnings missed estimates, even as Asia profits surged 22%. Net income doubled, but Canada and U.S. results weakened.
Leslie's Shares Surge 160% on Sales Rebound, Turnaround Still Underway
Leslie's shares skyrocketed 160% after Q2 sales grew 4.3% and customer traffic improved, though the company reported a wider net loss of $52.5 million.
Senate Panel Advances Crypto Bill; Coinbase Shares Surge
Coinbase shares rose 7.7% after the Clarity Act advanced in the Senate, but the bill faces a tough floor vote.