Latest News
Guggenheim Upgrades ServiceNow on AI Selloff Overreaction
ServiceNow shares jumped 3.6% after Guggenheim upgraded the stock to Buy, citing an overdone AI selloff and setting a $125 price target.
AT&T Shares Slide 5% on EchoStar Deal Delay and SpaceX-Charter Threat
AT&T stock dropped 5.2% as Dish DBS bankruptcy filing tied to a delayed spectrum deal rattled markets, while new competition from SpaceX and Charter weighed on the sector.
Court Blocks Trump PSLF Rule, Private Lender Tailwinds Fade as Grad PLUS Ends
Two federal judges blocked a Trump-era PSLF rule, while the Education Department's stopgap list expands professional degree programs, reducing private lender tailwinds.
Kroger Acquires Giant Eagle for $1.65B in Targeted Regional Expansion
Kroger has agreed to acquire Giant Eagle for $1.65 billion, a deal valued at just 0.18 times the regional grocer's annual sales, signaling a focused regional strategy.
Global Markets Mixed as Rate Hike Fears, Geiger Counter Buyback, and Cattle Losses Dominate
US stock futures decline as investors brace for higher interest rates. Geiger Counter Ltd buys back shares, cattle futures extend losses, and London Stock Exchange adds new AIM listings.
Progress Software Q2 Beats Estimates, But License Revenue Surge Raises Recurring Revenue Concerns
Progress Software beat Q2 estimates with 7% revenue growth, but license sales outpaced recurring revenue, leading to an after-hours stock decline.
AT&T stock plunges 5% as spectrum deal delay and bankruptcy fears weigh
AT&T dropped 5.13% to $20.70, wiping out $7.8 billion in equity, as EchoStar's Dish DBS bankruptcy and spectrum deal delays spooked investors.
Sam's Club Rotisserie Chicken Tops Consumer Reports, Challenging Costco's Iconic $5 Deal
Sam's Club has been named the top pick for rotisserie chicken by Consumer Reports, edging out Costco on price and taste, as Walmart's club segment posts strong Q1 results.
Hub Group Class Action Deadline Precedes Restatement Filing
Hub Group faces a securities class action with an Aug. 28 lead plaintiff deadline, before its Sept. 14 Nasdaq compliance date for restated financials.
Brookfield Bolsters Bloom Energy Financing to $25 Billion
Brookfield Asset Management has increased its financing framework for Bloom Energy's AI infrastructure projects to $25 billion, five times the previous amount, sending BE shares up 22%.