Latest News
SoundHound AI Shares Slide Despite Record Revenue as Cash Burn Worries Mount
SoundHound AI dropped 7.8% on record Q1 revenue of $44.2M as a wider EBITDA loss and lower margins stoked cash burn worries.
Delta to End Complimentary Snacks on Short-Haul Flights Starting May 19
Delta Air Lines (DAL) will eliminate complimentary snacks and drinks in Main Cabin and Delta Comfort on flights under 350 miles starting May 19, impacting roughly 9% of daily flights due to rising fuel costs.
Nubank's Credit Expansion Under Scrutiny as Nu Holdings Shares Slide Pre-Earnings
Nu Holdings shares dropped 3.23% to $13.80 before Nubank's Q1 earnings. Investors focus on credit quality and costs amid expansion.
Grab Shares Dip Despite Strong Q1 Earnings as Indonesia Regulations and Fuel Costs Loom
Grab's Q1 revenue beat estimates, but shares fell as Indonesia plans to cap ride-hailing commissions and fuel costs rise. Analysts trimmed targets but kept positive ratings.
Opendoor Faces Profitability Hurdle After Q1 Loss Deepens
Opendoor Technologies reported a wider Q1 net loss of $173M and revenue fell to $720M. The company expects Q2 adjusted EBITDA near break-even, with revenue up 25%.
Fubo Revenue Hits Record but Subscriber Dip Clouds Disney Deal
Fubo reported record Q2 revenue of $1.574B post-Disney merger, but North American subscribers fell to 5.7M. Net loss narrowed to $6.2M. Shares dropped 4.73%.
Eos Energy Shares Surge 26% Ahead of Q1 Earnings as Battery Ramp Faces Key Test
Eos Energy Enterprises (EOSE) shares surged 26% to $8.01 on Friday, with volume hitting 53.9 million, as the company pre-announced Q1 revenue of $56-$57 million ahead of its May 13 earnings report.
SoFi CEO Noto Buys Shares After Earnings Drop, Questions on Outlook Linger
SoFi CEO Anthony Noto bought nearly $250,000 in stock after a 12% decline, but investors remain focused on the company's unchanged 2026 revenue outlook.
Redwire Shares Jump 20% on Record Backlog Amid Defense Expansion
Redwire shares surged 20% after reporting a record $498.1M backlog and 58% revenue growth, though net loss widened on acquisition costs. The company reaffirmed 2026 guidance.
BlackBerry Buyback Set to Start as QNX Drives Stock Rally
BlackBerry's new buyback program, starting May 12, allows repurchase of up to 26.8 million shares after its stock hit a one-year high, driven by strong QNX software results.
American Airlines Prepares for Record Summer Travel Amid Rising Fuel Costs
American Airlines expects to carry 75 million passengers this summer, surpassing its 2019 record, but faces sharply higher fuel costs and reported a $382 million net loss in Q1.