Articles by James Calloway
Polestar Faces U.S. Sales Ban, Pivots to Europe Amid Cash Concerns
Polestar (NASDAQ:PSNY) shares slid 5.7% after the U.S. denied authorization to sell 2027 models under new connected-vehicle rules, blocking future U.S. sales and raising funding risks as Q1 net loss widened to $383 million, cash fell to $676 million, and Europe now accounts for nearly 80% of retail sales.
BlackBerry Stock Surges on QNX Revenue Boost and Upgraded Guidance
BlackBerry shares surged nearly 20% after Q1 revenue jumped 26% and the company raised its full-year guidance. QNX development-license revenue hit an eight-quarter high, signaling future royalty growth.
McCormick's Q2 Beat Lifted by Tariff Refund, Underlying Growth Modest
McCormick shares gained 3.24% premarket after a Q2 beat, but a tariff refund drove most of the EPS surprise. Organic sales rose only 1.7%, and full-year guidance was unchanged.
Micron Surges 16.7% Premarket on $100B in Multi-Year AI Memory Contracts
Micron shares jumped 16.7% premarket after locking in $100 billion in minimum-price contracts and $22 billion in deposits, highlighting investor focus on multi-year supply deals over spot market risks.
BlackBerry Shares Slip Despite Stifel's Bullish Call, Volume Swamps Buyback Plan
BlackBerry shares closed lower Wednesday, even as Stifel turned bullish, with trading volume far exceeding its buyback limit ahead of Q1 earnings.
Oracle shares tumble as AI spending dwarfs cloud revenue
Oracle shares dropped 4.62% as fiscal 2026 capital expenditures of $55.7B more than tripled cloud-infrastructure revenue, while free cash flow turned negative and restructuring costs surged.
Hertz Slumps 28% on Weak Q2 Outlook, Used-Car Losses
Hertz shares plunged nearly 28% after warning Q2 core profit will hit low end of guidance due to used-car sale losses, with vehicle depreciation rising to ~$300/unit/month.
Paychex Shares Slide on Tepid Fiscal 2027 Outlook Despite Q4 Beat
Paychex shares dropped 3.8% as the company's fiscal 2027 outlook signaled slower growth, overshadowing a Q4 earnings beat.
Micron Earnings in Focus as AI Memory Rally Faces Key Test
Micron shares slipped 0.33% to $1,048.34 as investors await fiscal Q3 earnings, with Wall Street forecasting $20.83 EPS and $35.9B revenue. Options imply an 11% move, testing the AI-driven chip rally.
Tesla Shares Steady After Probe into Fatal Crash
Tesla shares steady in premarket after a 5.79% drop following a U.S. probe into a fatal Texas crash involving its driver-assistance system.
Grab, GoTo Cut Indonesia Bike-Hailing Commissions to 8% After New Cap
Grab and GoTo slash Indonesia motorcycle ride-hailing commissions to 8% from 20% starting July 1, following a new government cap. Grab shares edged lower in pre-market trading.