Latest News
Publix Closures Amid $2.4B Upgrade and Flat Sales
Publix closed eight stores in Q1, with seven replaced or set for replacement, as capital spending jumped 45% and comparable sales stalled.
J.B. Hunt Intermodal Drives 89% of Profit Surge in Q2
J.B. Hunt's intermodal unit accounted for $55.1 million of its $62.2 million operating profit increase in Q2, driving shares up 6.9% after hours.
SOBR Safe Secures $3.1M in Warrant Exercise, Faces Heavy Dilution
SOBR Safe raises $3.1M through a repriced warrant exercise, issuing shares that could dilute existing holders by 84% as it pursues a merger and Nasdaq listing.
JetBlue Introduces Pay-Later Option Amid Rising Fuel Costs
JetBlue Airways (JBLU) has launched a pay-later option, ClarityPay, to drive sales as rising fuel costs offset fare hike gains. Q2 guidance indicates a revenue shortfall of $185 million.
Pfizer Stock Rises as Sanofi Files Patent Suit Over COVID Vaccine Revenue
Pfizer shares gained 2.35% as Sanofi's patent lawsuit over Comirnaty targets past revenue rather than current sales, with modest financial risk relative to cash reserves.
AST SpaceMobile Proposes $1B Convertible Note, Cash Reserves Dip 21%
AST SpaceMobile (ASTS) proposes $1B in convertible notes to bolster liquidity after a 21% cash decline. Shares fell 13.5% AH.
VivoSim Labs Soars on $5M Lilly Milestone, But Revenue Base Remains Tiny
VivoSim Labs hit a $5M milestone from Eli Lilly, but its revenue base of $131K and a 500% growth target highlight ongoing cash challenges.
IREN Bolsters Security as $3.1B AI Revenue Hurdle Looms
IREN appoints a new CISO while targeting $3.1B in contracted AI-cloud revenue, with Microsoft and NVIDIA representing 84% of the backlog.
California Label Law Blocked, but $5B Producer Program Persists
A federal judge halted enforcement of California's SB 343 recycling label law, but the state's $5 billion producer program under SB 54 continues, creating a complex landscape for packaging companies.
Hardee's Franchise Concentration Exposed as 107 Closures Hit System
Closures by two large franchisees total 107, exactly matching Hardee's net decline in franchised outlets over two years, exposing concentration risk in its franchise model.
Four Tech Titans Drive Dow's 178-Point Gain, Masking Losses Elsewhere
The Dow Jones Industrial Average rose 177.65 points on July 15, driven almost entirely by Apple, Alphabet, Microsoft, and Amazon, as a surprise drop in producer prices sparked a rally in growth stocks.
