PACS Group Soars on Upgraded EBITDA Forecast Amid Legal Clouds
Earnings James Calloway

PACS Group Soars on Upgraded EBITDA Forecast Amid Legal Clouds

PACS Group shares jumped 23% on Q1 results that exceeded expectations, with revenue up 11.2% and net income surging, as the company boosted its 2026 adjusted EBITDA forecast.

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Venture Global Soars 16% on Strong 2026 Guidance and New LNG Deals
Markets Daniel Marsh

Venture Global Soars 16% on Strong 2026 Guidance and New LNG Deals

Venture Global shares jumped 16% after the company boosted its 2026 earnings guidance and announced new LNG supply agreements with TotalEnergies and Vitol.

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Under Armour Turnaround Hits Investor Skepticism as Profit Forecast Falls Short
Earnings James Calloway

Under Armour Turnaround Hits Investor Skepticism as Profit Forecast Falls Short

Under Armour shares tumbled nearly 20% after the company's fiscal 2027 profit forecast of 8-12 cents per share fell far short of analysts' 23-cent estimate, raising doubts about the turnaround.

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Merck Closes $53/Share Acquisition of Terns Pharmaceuticals, Stock Ceases Trading
Markets Daniel Marsh

Merck Closes $53/Share Acquisition of Terns Pharmaceuticals, Stock Ceases Trading

Merck has finalized its $53-per-share cash acquisition of Terns Pharmaceuticals, causing Terns stock to stop trading on Nasdaq. The deal values Terns at $6.7 billion.

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Apple Shares Hold Ground as Inflation Data Rattles Tech Sector
Technology Sarah Chen

Apple Shares Hold Ground as Inflation Data Rattles Tech Sector

Apple shares edged up 0.4% to $293.85 on Tuesday, outperforming other megacap tech stocks as April inflation rose 3.8%, pressuring the broader market.

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Archer Aviation Sinks on Cash Burn Concerns Despite FAA Progress
Markets Daniel Marsh

Archer Aviation Sinks on Cash Burn Concerns Despite FAA Progress

Archer Aviation shares dropped 6.6% despite an FAA milestone, as investors focused on the company's $217.7 million net loss and $188.8 million cash burn.

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Energy Vault and Eskom Partner on Gravity Storage at South African Coal Plant
Technology Sarah Chen

Energy Vault and Eskom Partner on Gravity Storage at South African Coal Plant

Energy Vault and Eskom have inked a deal to build a 25-MW gravity storage system at Hendrina Power Station, with potential expansion to 4 GW, targeting 4 GWh across Southern Africa by 2035.

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Rocket Lab Shares Dip After Record Rally; Neutron Demand Fuels Bullish Outlook
Markets Daniel Marsh

Rocket Lab Shares Dip After Record Rally; Neutron Demand Fuels Bullish Outlook

Rocket Lab shares slipped 2.4% on Tuesday following a record-breaking rally, as investors balanced profit-taking with robust demand for its Neutron rocket and defense contracts.

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SoFi Shares Dip as Truist Flags Concerns Beyond Lending
Markets Daniel Marsh

SoFi Shares Dip as Truist Flags Concerns Beyond Lending

SoFi shares slipped to $15.75 after Truist lowered its price target to $17, citing concerns about the sustainability of its loan-platform and tech revenue.

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Circle Stock Retreats as Revenue Miss Offsets USDC Growth and Arc Hopes
Crypto Sarah Chen

Circle Stock Retreats as Revenue Miss Offsets USDC Growth and Arc Hopes

Circle Internet Group (CRCL) shares dropped 5.1% Tuesday, erasing an early pop after Q1 revenue missed forecasts and net income fell, despite strong USDC growth.

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Tesla Faces Reality Check as AI Rally Fades on Inflation and Robotaxi Woes
Markets Daniel Marsh

Tesla Faces Reality Check as AI Rally Fades on Inflation and Robotaxi Woes

Tesla shares dropped 3.9% Tuesday as hotter inflation and a Reuters report on limited robotaxi availability in Texas undercut the recent AI and China-driven rally.

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PayPal Stock Flat as Truist Cuts Target, Flags Margin Pressure
Earnings James Calloway

PayPal Stock Flat as Truist Cuts Target, Flags Margin Pressure

PayPal shares remain near $45 after Truist lowered its target to $44, citing higher rewards costs and sluggish international payment volume. Q1 TPV grew 11% but Q2 guidance points to margin pressure.

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