Wall Street Slumps as Oil Surge, Yields Jolt AI Rally
Markets Daniel Marsh

Wall Street Slumps as Oil Surge, Yields Jolt AI Rally

U.S. stocks fell more than 1% Friday as oil surged and Treasury yields climbed, pressuring AI stocks and raising Fed rate hike concerns.

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Accuray and UW Madison Forge 10-Year Cancer Research Deal
Technology Sarah Chen

Accuray and UW Madison Forge 10-Year Cancer Research Deal

Accuray and the University of Wisconsin School of Medicine and Public Health have entered a 10-year research agreement focused on the Stellar adaptive radiotherapy platform.

ARAY
Origin Materials Shares Surge on Liquidation Plan with Estimated Payout of Up to $3.54
Markets Daniel Marsh

Origin Materials Shares Surge on Liquidation Plan with Estimated Payout of Up to $3.54

Origin Materials shares jumped 15% after disclosing a liquidation plan with estimated payouts of $0.61 to $3.54 per share, as the company cuts 59% of staff and the CEO steps down.

ORGN
NextNRG Revenue Climbs 29% but Cash Warning Looms
Earnings James Calloway

NextNRG Revenue Climbs 29% but Cash Warning Looms

NextNRG's Q1 revenue surged 29% to $21.1M, but a widening net loss and cash crunch raise doubts about its ability to continue operations without new funding.

NRG
HCW Biologics Surges 262% on Trimmune Deal and Profit, Nasdaq Risk Looms
Earnings James Calloway

HCW Biologics Surges 262% on Trimmune Deal and Profit, Nasdaq Risk Looms

HCW Biologics shares jumped 262% after a licensing deal with Beijing Trimmune Biotech fueled a Q1 profit. The company still faces Nasdaq delisting risks and will seek shareholder approval for a reverse stock split.

HCWB
Bank of America $2.25M 7-Eleven ATM Fee Settlement: Claim Deadline June 29
Regulation James Calloway

Bank of America $2.25M 7-Eleven ATM Fee Settlement: Claim Deadline June 29

Bank of America settles claims of duplicate ATM fees at 7-Eleven for $2.25 million. Former clients have until June 29 to file claims.

BAC
SpaceX Accelerates Nasdaq IPO to Mid-June, Targeting $1.75 Trillion Valuation
IPO Michael Okonkwo

SpaceX Accelerates Nasdaq IPO to Mid-June, Targeting $1.75 Trillion Valuation

SpaceX aims to list on Nasdaq by June 12 under ticker SPCX, seeking $75 billion at a $1.75 trillion valuation. The IPO includes supervoting shares and strict shareholder limits.

Broadcom Leads AI Chip Slide as Inflation Fears Resurface
Markets Daniel Marsh

Broadcom Leads AI Chip Slide as Inflation Fears Resurface

Broadcom shares dropped 3.3% on Friday, leading a broad decline in AI chip stocks as rising oil prices and Treasury yields reignited inflation fears.

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Alphabet Falls as Ackman Exits, Tech Stocks Slide on Oil and Yield Pressure
Markets Daniel Marsh

Alphabet Falls as Ackman Exits, Tech Stocks Slide on Oil and Yield Pressure

Alphabet shares fell 1.1% after Pershing Square sold its stake to fund a Microsoft position, while tech stocks slumped on rising oil and yields.

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Berkshire Hathaway Reveals $55M Stake in Macy's, Shares Surge
Markets Daniel Marsh

Berkshire Hathaway Reveals $55M Stake in Macy's, Shares Surge

Berkshire Hathaway's $55 million stake in Macy's sent shares up 5.9% in after-hours trading. The retailer declared a quarterly dividend and faces tariff headwinds.

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Markets Daniel Marsh

Berkshire Hathaway Returns to Airlines with $2.65 Billion Delta Stake

Berkshire Hathaway has taken a $2.65 billion stake in Delta Air Lines, returning to airline stocks after exiting in 2020. The investment comes as Delta faces higher fuel costs and reduced growth plans.

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Devon Energy Rises on Oil Price Surge and $8B Buyback Approval
Markets Daniel Marsh

Devon Energy Rises on Oil Price Surge and $8B Buyback Approval

Devon Energy shares climbed 4.76% on Friday to $49.49, buoyed by rising oil prices and an $8 billion buyback plan. The stock remains below its 52-week high of $52.71.

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