Articles by James Calloway
IRS Direct Deposit Snag Delays Refunds for Over 800,000 Taxpayers
The IRS has issued more than 830,000 notices to taxpayers with invalid direct deposit information, potentially delaying refunds by over 10 weeks. Lawmakers are questioning how unbanked individuals can access funds faster.
Nexstar Completes $6.2B Tegna Takeover, Faces Legal Challenges
Nexstar Media Group has closed its $6.2 billion purchase of Tegna, becoming the largest owner of local television stations in the United States. The deal received regulatory approval but is now facing antitrust lawsuits from several states and DirecTV.
Verizon Stock Retreats From Recent High Amid Reporting Shift and Rival Pressure
Verizon Communications stock retreated further from its 52-week high, slipping 0.2% to $49.48. The move comes as the telecom giant faces criticism over a planned change to its financial reporting structure.
Planet Labs Surpasses Forecasts, Eyes AI Growth with Nvidia
Planet Labs announced fourth-quarter revenue of $86.8 million, a 41% increase, beating analyst estimates. The company also provided an optimistic revenue forecast for fiscal 2027 and highlighted its deepening AI collaboration with Nvidia.
Brazil Freight Fines Pressure Ambev Amid Rising Cost Outlook
Ambev's U.S.-listed shares fell after Brazil imposed fines for minimum freight-price violations, reviving concerns over logistics costs. The brewer forecasts Brazil beer production costs to increase 4.5%-7.5% in 2026.
Eight States Sue to Block Nexstar's $6.2 Billion Tegna Acquisition
A coalition of eight states has filed an antitrust lawsuit seeking to halt Nexstar Media Group's proposed $6.2 billion acquisition of Tegna, arguing the deal would harm competition and raise costs for consumers.
Tencent Music Shares Rebound Slightly After Steep Guidance-Driven Plunge
Tencent Music Entertainment shares edged higher Thursday, recovering a fraction of their 25% Tuesday plunge triggered by disappointing financial guidance and a decision to stop reporting quarterly user data. Several analysts cut ratings, citing reduced visibility.
Micron Shares Dip on Capex Surge Despite Record AI-Driven Results
Micron Technology shares declined despite posting record quarterly revenue and a robust outlook, as investors focused on a significant increase in planned capital expenditures. The memory chipmaker now expects to spend over $25 billion in fiscal 2026.
Accenture Shares Gain on Strong Q2, Yet Cautious Outlook Weighs on IT Sector
Accenture posted better-than-expected fiscal second-quarter results and lifted its full-year revenue guidance. However, its third-quarter forecast fell short of analyst expectations, reflecting ongoing client caution on large-scale IT investments.
Plug Power's Turnaround Bid Faces Investor Scrutiny Amid Asset Sales
Plug Power Inc. is navigating a critical phase, with its stock trading significantly below recent highs as the company implements asset sales and spending reductions to extend its financial runway. While Q4 results showed revenue growth and a positive gross margin shift, analyst sentiment remains mixed amid ongoing liquidity concerns.
Alibaba's Profit Plunge Overshadows AI Cloud Surge in Q4
Alibaba Group reported a sharp 66% drop in quarterly net income, missing estimates, as aggressive spending on discounts and delivery squeezed margins despite strong growth in its cloud and AI division.