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Vivakor Shares Rocket on $1.09 Billion Crude Platform; Q1 Margin Slims to 7.8 bps
Vivakor shares soared 41.5% on a $1.09 billion crude oil platform announcement, but Q1 trading margin narrowed to 7.8 basis points, raising concerns about profitability.
BAE Systems Holds Steady After £708M FCAS Deal; Focus Shifts to July 30 Earnings
BAE Systems (BAESY) shares held steady after a £708M FCAS contract, which is 0.8% of its backlog. The market now focuses on July 30 half-year results for margin and cash flow insights.
Charter Communications Slides as Broadband Subscriber Losses Mount
Charter Communications shares dropped 3% after reporting a larger-than-expected loss of broadband subscribers and lowering its core profit forecast for 2026.
Verizon Shares Up on Subscriber Growth, Lower Handset Costs
Verizon shares gained 2.4% to $44.86 after reporting 184,000 postpaid phone additions and a 24.4% rise in free cash flow, beating expectations.
Cleveland-Cliffs Stock Surges as Q3 Profit Outlook Hinges on Pricing Gains
Cleveland-Cliffs (CLF) shares jumped 6.8% on Friday as the company forecast Q3 adjusted EBITDA of $575 million, with nearly all growth attributed to improved pricing and cost reductions.
Rheinmetall Shares Rise 1.4% on Aschau Powder Output Expansion
Rheinmetall shares advanced 1.4% after announcing a 147% increase in powder production at its Aschau facility. China enacted immediate dual-use export restrictions.
Wall Street Split as AI Spending Scrutiny Intensifies; Nasdaq Drops
The Nasdaq Composite dropped 0.6% on Friday as investors scrutinized AI-related expenditures, while the Dow rose 0.2%. Alphabet and Tesla together posted $50.7 billion in capital expenditures with negative free cash flow.
Shell Shares Dip Despite Projected 109% Profit Surge in Q2
Shell shares slipped 1.3% even as preliminary consensus points to a 109% jump in Q2 adjusted earnings to $8.92 billion, with chemicals and trading contributing nearly half.
Toyota Shares Dip as Yen Weakness Nears ¥700 Billion Profit Boost Ahead of Central Bank Decisions
Toyota shares slipped 1.8% to 2,897 yen, while a weaker yen could boost annual operating profit by nearly ¥700 billion. Central bank meetings and earnings loom.
BYD Stock Steady as European Gains Offset Domestic Challenges
BYD shares ended the week flat at HK$88.65, as strong European growth offset a sharp decline in China sales.