Articles by James Calloway
Skillz Stock Skyrockets After $420M False Advertising Win Over Papaya Gaming
Skillz stock soared 187% after a jury ordered Papaya Gaming to pay $420 million for false advertising, with the possibility of an additional $652 million in disgorgement.
United Rentals Soars on Raised Guidance, Record Q1 Revenue
United Rentals shares jumped 22.9% after the company raised its 2026 outlook and posted record Q1 revenue of $3.985 billion.
Figma to Report Q1 Earnings on May 14 Amid AI Rivalry and Board Shifts
Figma reports Q1 earnings May 14 as AI competition heats up, with board changes and CEO Dylan Field controlling 72.3% voting power.
ServiceNow Shares Slide Despite Strong Q1 and Raised Forecast
ServiceNow (NOW) shares tumbled 18.7% after reporting better-than-expected Q1 results and a higher 2026 outlook, as Middle East contract delays and AI concerns weighed on sentiment.
Texas Instruments Surges 16% After Strong Earnings and Outlook
Texas Instruments reported Q1 revenue of $4.83B, up 19%, and forecast Q2 above estimates, sending shares up 16%.
IBM Sales Beat but AI Anxiety Drags Software Stocks Lower
IBM shares tumbled 9.5% despite beating Q1 earnings estimates, as fears that AI tools could erode its software and consulting businesses rattled investors. ServiceNow fell 17.5% and the iShares Expanded Tech-Software ETF lost 5.6%.
IBM Shares Tumble 9.9% Despite Q1 Beat as Flat Forecast, AI Worries Weigh
IBM shares fell 9.9% despite beating Q1 estimates, as a flat 2026 forecast and slowing software growth fueled investor concerns over AI's impact.
FirstEnergy Ohio Rate Plan to Raise Monthly Bills by Up to $5.30
FirstEnergy's Ohio utilities plan to file a three-year rate proposal by May 22, aiming to fund $800M in annual grid improvements and $83M for tree trimming, which could increase monthly bills by $4.26-$5.30 for typical households.
American Airlines Q1 Revenue Record, but $4B Fuel Cost Surge Hits 2026 Outlook
American Airlines posted record Q1 revenue but slashed its 2026 profit outlook due to a $4 billion fuel cost surge. Shares fell 28 cents premarket.
Lockheed Martin Q1 Earnings Miss as F-16 and C-130 Delays Hit Margins
Lockheed Martin's first-quarter earnings missed estimates as delays in F-16 and C-130 programs squeezed margins, sending shares down 2.8% premarket.
Comcast Revamps Xfinity Mobile with Simplified Pricing and Device Protection
Comcast introduces streamlined Xfinity Mobile plans with flat per-line pricing, ending multiline discounts, and adding device protection to the premium tier amid record wireless growth.