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Tesla Gains on $4.3B LG Battery Plant, Energy Storage Growth Offsets Auto Weakness
Tesla stock advanced after the U.S. government confirmed a $4.3 billion agreement with LG Energy Solution to build a lithium iron phosphate battery-cell plant in Michigan. The facility, slated for 2027 production, will supply batteries for Tesla's Megapack 3 systems.
UBS: CTAs Slash Equity Stakes, Sage AI Pricing in Focus, Desk Revamp
UBS states commodity trading advisers have reduced global equity holdings by 75% since the Middle East conflict began. The bank maintains a buy rating on Sage, highlighting AI-driven pricing strength, and is reorganizing its European high-yield trading desk.
Kohl's Michigan Closure Highlights Turnaround Struggles Amid Weak Traffic
Kohl's has shuttered a store in Sault Ste. Marie, Michigan, amid a 2.8% decline in comparable sales and a 5% drop in foot traffic last quarter. The retailer faces mounting pressure as budget competitors like Ross Stores attract more shoppers.
IBM Completes $11B Confluent Acquisition to Fuel AI and Hybrid Cloud Strategy
IBM has finalized its $11 billion acquisition of Confluent, integrating the data-streaming platform into its AI and hybrid cloud portfolio. The deal is expected to boost adjusted earnings within the first year.
Bitmine's $11.5B Crypto Treasury Fuels Ether Bet, Stock Gains
Bitmine Immersion Technologies disclosed a $11.5 billion crypto and cash reserve, including 4.6 million ether, with staking generating $180M in annualized revenue. Shares advanced.
Nokia Shares Dip Amid AI Product Rollout, Maintain Near 52-Week Peak
Nokia shares declined slightly in Helsinki and U.S. trading following announcements of AI-driven optical networking systems and collaborations. The stock remains close to its annual high as the market assesses the company's strategic pivot.
Plug Power CEO Outlines Turnaround Path Amid Liquidity Push
Plug Power shares remained stable as new CEO Jose Luis Crespo outlined his strategic priorities for margin gains and capital efficiency during his inaugural investor conference appearance. The company aims for positive EBITDAS by late 2026.
American Airlines Lifts Q1 Revenue Forecast as Demand Surges, Fuel Costs Weigh
American Airlines shares rose after the carrier upgraded its first-quarter revenue guidance, citing robust travel demand. However, elevated fuel expenses are expected to keep quarterly losses near the high end of its forecast.
Ondas Holdings Finalizes Key Acquisitions, Bolsters Defense Tech Portfolio
Ondas Holdings has finalized its acquisition of UK-based Rotron Aerospace and secured full ownership of its Israeli unit 4M Defense, while reporting preliminary 2025 revenue exceeding its forecast.
Intel Secures Key AI Server Role in Nvidia's Rubin Platform
Intel has landed a design win to supply host CPUs for Nvidia's upcoming DGX Rubin NVL8 AI server systems, scheduled for launch in the second half of 2026. The deal positions Intel within Nvidia's expanding AI hardware ecosystem as inference workloads grow.