Latest News
AEP Texas Resolves San Angelo Blackout Amid Rising Texas Demand
AEP Texas restored power to nearly all Tom Green County customers after a substation failure cut service to 7,800 in San Angelo. The outage comes as AEP faces scrutiny over Texas demand and a $78B capital plan.
Meta Trims 8,000 Jobs in AI-Focused Restructuring
Meta Platforms begins laying off 8,000 employees, reassigning 7,000 to AI projects, as it shifts focus to artificial intelligence and raises 2026 capex to $145 billion.
Target’s Sales Surge Breaks Three-Year Decline, Lifting Outlook
Target reported first-quarter net sales of $25.44 billion, up 6.7%, ending a three-year revenue decline. The retailer raised its full-year sales forecast to about 4% growth.
InMed Stock Retreats After 135% Merger Rally; Deal Dilution Weighs
InMed Pharmaceuticals shares fell 14.4% in pre-market trading Wednesday, giving back some of Tuesday's 135% surge on news of an all-stock merger with Mentari Therapeutics and a $290 million private placement.
Micware Stock Rebounds in Premarket After Nasdaq Debut Plunge
Micware shares rebounded sharply in premarket trading Wednesday, nearly doubling after a steep decline on its Nasdaq debut. Toyota disclosed an 11.6% stake in the company.
Futures Edge Up as Markets Await Nvidia Earnings and Fed Minutes
U.S. stock futures edged higher early Wednesday as traders braced for Nvidia's earnings after the close and the release of Fed minutes.
Houston Grid Woes Continue as CenterPoint Investigates Bear Creek Outages
Bear Creek residents in Houston report ongoing power outages and surges damaging appliances and medication, prompting CenterPoint Energy to investigate as hurricane season nears.
Bolt CEO Defends HR Shutdown, Says Smaller Team Boosts Agility
Bolt CEO Ryan Breslow defended cutting the HR department at Fortune's summit, stating it created problems. The move follows layoffs and a shift to AI and a finance app.
CPS Energy Breaks Ground on 120MW Battery as Outage Times Worsen
CPS Energy and OCI Energy have started building a 120MW battery storage facility in Bexar County, targeting 2027 operations. The project comes as average outage times for CPS customers rose to 75.38 minutes.
Co-Diagnostics Shares Slip After $3M Placement, Ebola Assay News
Co-Diagnostics shares declined after the company disclosed a $3 million private placement, following a sharp rally on Ebola test development news.
Micron Gains Amid Tech Selloff; Samsung Strike May Tighten Memory Supply
Micron shares gained 2.5% on Tuesday, reaching $698.74, as the Nasdaq fell. A planned Samsung strike could tighten memory supply and drive prices higher.