Latest News
Carpenter Technology Shares Slide 5% After CEO's Sudden Death
Carpenter Technology (CRS) shares fell 5.1% to $503.71 after CEO Brian Malloy's sudden death, despite record quarterly profit. Aerospace concentration and leadership transition weigh on outlook.
Kioxia Announces ¥800B Buyback as AI Demand Drives Profit Surge
Kioxia Holdings unveiled a ¥800 billion buyback after Q1 profits soared on AI demand, but its Q2 guidance fell short of consensus. Shares jumped 17.7%.
Microsoft's Cash Engine Outshines Meta's AI Splurge
Microsoft added $450B in market value on robust free cash flow, while Meta lost $120B amid heavy AI spending, highlighting the importance of cash conversion.
Monolithic Power Systems Surges 10% After-Hours on Strong AI Demand and Q3 Guidance
Monolithic Power Systems (MPWR) rose 10% after-hours as Q2 revenue beat estimates and Q3 guidance exceeded consensus by 16.5%, with Enterprise Data and Communications driving 93% of growth.
Western Union Shares Tumble 14% on Profit Warning, Dividend Yield Soars
Western Union (WU) shares plunged 14% after slashing its 2026 profit outlook, with the dividend yield rising to 13.5% as Q2 earnings missed estimates.
American Airlines Shares Rally as Jet Fuel Costs Ease
American Airlines shares rebounded 3.9% following a 7.3% decline in Gulf Coast jet fuel prices, potentially saving $541 million in fuel costs from August to December.
AXT Soars on AI Wafer Demand, Strong Margins and Guidance
AXT stock jumped 57% after a Q2 beat and strong Q3 guidance, fueled by AI-driven demand for indium-phosphide wafers and robust margin expansion.
