Latest News
Wall Street Braces for Pivotal Tuesday: CPI, Bank Earnings & Fed Testimony Collide
A packed Tuesday morning features June CPI data, earnings from five major banks, and Fed Chair Kevin Warsh's testimony, all within 90 minutes. The VIX remains near its 52-week low, signaling market calm.
Nokia Soars on €5.5B Defense-AI Deal, Ericsson Earnings Next
Nokia's stock surged 9.64% on a €5.5 billion market cap gain from a defense-AI deal. Attention now turns to Ericsson's upcoming Q2 results for sector direction.
Ondas Shares Dip Below DZYNE Deal Value, Dilution Concerns Loom
Ondas shares closed at $7.26, $58M below the DZYNE deal value, with 85 million new shares due, sparking dilution fears and underperformance vs Nasdaq.
Intel's $53 Billion Drop Overshadows Altera IPO Prospects
Intel's $53B market cap loss dwarfs its $4.29B Altera stake. Altera aims for mid-20% growth, but Intel's core issues persist.
Opendoor Stock Plunges 10% as Heavy Trading Signals Index-Fueled Volatility
Opendoor (OPEN) reversed Thursday's 10.65% gain with a 10.1% drop on Friday, as 185 million shares changed hands. The volatility follows the company's entry into the Russell 3000.
Fermi Shares Tumble 18% After $375M Convertible Bond Sale Highlights Debt Burden
Fermi Inc. shares dropped 18% over five sessions after pricing a $375M convertible bond, highlighting a $912M debt load and dwindling cash reserves.
UiPath Stock Trades Flat Despite Near-Float Volume; Buyback Provides Floor
UiPath (PATH) shares barely moved last week despite massive trading volume near the float, as the company's aggressive buyback program and elevated short interest create a tug-of-war.
MTY Food Group to close 29% of corporate stores amid C$91M market cap loss
MTY Food Group will close 68 company-owned stores after posting lower Q2 revenue and profit. The closures, 29% of its corporate locations, aim to stem over C$10M in annual losses.
American Airlines Faces Profit Squeeze as Fuel Costs Surge, Delta's Revenue Signal Offers Hope
Delta Air Lines' strong Q2 unit revenue growth suggests American Airlines' sales target is achievable, but rising fuel costs and geopolitical risks threaten profits.
