Latest News
Micron Gains Ahead of Q2 Report on Nvidia HBM4 Shipments, Supply Expansion
Micron shares advanced Wednesday ahead of its fiscal Q2 results, buoyed by the start of volume shipments for its high-bandwidth HBM4 memory to Nvidia and plans to build a second fabrication plant in Taiwan.
Greene King Restructures Pub Estate, Sells 150 Sites Amid Leadership Shift
Greene King is undertaking a major restructuring, planning to sell 150 managed pubs and transition another 150 to leased or franchised models. The move follows a portfolio review and the departure of Pubs Managing Director Zoe Bowley.
Tesla Shares Steady Near $400 on Samsung Chip, Battery Plant Developments
Tesla shares traded around $398 amid news of Samsung's planned chip production for Tesla starting in late 2027 and a confirmed $4.3 billion battery plant with LG Energy Solution. However, analysts have significantly reduced 2026 delivery growth projections.
Jury Deliberates Musk Twitter Fraud Case Over 'On Hold' Tweet
A federal jury is deliberating whether Elon Musk committed fraud with his 2022 statements about the Twitter acquisition and fake accounts. The class action covers investors who sold stock between May and October 2022.
Rocket Lab Announces $1B Stock Offering, Shares Retreat After Neutron Rally
Rocket Lab shares declined nearly 9% after the company filed to sell up to $1 billion in common stock via an at-the-market offering, tempering recent gains driven by Neutron rocket development and defense contract wins.
Fed to Maintain Rates Amid Oil Spike and Inflation Pressure
The Federal Reserve is likely to keep interest rates unchanged Wednesday, with surging oil prices and persistent inflation delaying anticipated rate cuts. Key data shows consumer prices rose 0.3% in February while payrolls declined by 92,000.
Lumentum Surges on $1.25B AI Revenue Target, Backed by Nvidia
Lumentum shares soared after projecting a path to $1.25 billion in quarterly revenue from AI data-center demand, buoyed by a $2 billion investment from Nvidia. Rival Coherent also gained, forecasting a $70 billion datacenter market by 2030.
GEICO Advances $2.7M Fraud Suit Amid March Madness Marketing Push
A New York federal judge allowed most of GEICO's $2.7 million civil racketeering and fraud claims to proceed against medical providers. The legal move coincides with the insurer's launch of a March Madness docuseries on Paramount+.
Producer Prices Surge 3.4% in February, Delaying Fed Rate Cut Expectations
U.S. producer prices rose 0.7% in February, exceeding forecasts and driving the annual rate to 3.4%. The hotter-than-expected data sent stocks lower and pushed back market expectations for the Federal Reserve's first interest rate cut.
American Airlines Faces Fuel Cost Headwinds Despite Strong Q1 Revenue Outlook
American Airlines stock declined premarket as escalating fuel expenses pressured the travel sector, overshadowing an upgraded Q1 revenue projection of over 10% growth. CEO Robert Isom highlighted strong demand but warned of capacity adjustments if fuel prices persist.
SoFi Shares Dip on Short-Seller Allegations as CEO Boosts Stake
SoFi Technologies shares fell premarket after Muddy Waters took a short position, accusing the company of concealing debt. SoFi rejected the claims as misleading and CEO Anthony Noto bought nearly $500,000 in stock.
