Latest News
Dow Dips as Inflation Data and Iran Tensions Chill Rally
The Dow fell 110 points Thursday as April PCE inflation data and renewed U.S.-Iran tensions pressured energy stocks and raised rate concerns.
Infleqtion Shares Surge 8.7% on Oxford Expansion Plans Despite Insider Sale
Infleqtion shares jumped 8.7% on plans to open an Oxford Quantum Innovation Centre, but a recent insider stock sale by Maverick-linked entities adds caution.
Bitmine Stock Dips as Ether Slips Below $2,000; $12.3B Crypto Bet in Focus
Bitmine shares fell 4.6% after ether dipped below $2,000. The company holds $12.3 billion in crypto and is poised for Russell 3000 index rebalancing.
UMAC Surges on Pentagon Drone Funding Report, Profitability Concerns Linger
Unusual Machines shares jumped up to 52% on reports the Trump administration is in talks to fund U.S. drone makers, but the company's operating losses and rising inventory raise concerns.
Butterfield Acquires CIBC Caribbean for $1.8B, Reshaping Regional Banking
Butterfield acquires CIBC's majority stake in CIBC Caribbean for $1.8B, adding 41 branches across 10 countries and boosting assets to $29B. CIBC sharpens North American focus.
Fertitta's $17.6B Caesars Buyout Gets Board Nod, Stock Lags Offer
Fertitta Entertainment buys Caesars for $17.6B ($31/share). CZR stock up 1.6% to $29.25, below offer. Go-shop until July 11 for higher bids.
Keel Infrastructure Stock Dips in Premarket After AI Rally
Keel Infrastructure shares slipped 1.82% in premarket trading Thursday, following a 7.31% gain Wednesday, as the company pivots from Bitcoin mining to AI data centers.
Opendoor Technologies Joins Russell 3000 Index, CEO Increases Stake
Opendoor Technologies (OPEN) shares jumped 6% premarket after the company announced its inclusion in the Russell 3000 Index, effective June 26. CEO Kaz Nejatian purchased 100,000 shares, increasing his stake to 83.58 million.
Archer Aviation Edges Higher as Focus Shifts to Certification and Defense Expansion
Archer Aviation shares edged up 0.5% to $6.55 in early trading, with the market focused on FAA certification progress for its Midnight eVTOL and broader defense opportunities.
SoFi Launches Bank-Backed Stablecoin for Retail Users, Expanding Crypto Reach
SoFi Technologies launches its bank-issued SoFiUSD stablecoin for nearly 15 million app users, expanding crypto services beyond enterprise clients. Shares trade at $16.17.
Hormel Shares Surge on Strong Protein Demand, Besting Q2 Forecasts
Hormel Foods (HRL) shares surged 6.8% premarket after reporting fiscal Q2 results that beat estimates on both sales and profit, driven by strong demand for protein-rich foods.