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Nike Shares Edge Up as Tariff Gains Offset Earnings Dip
Nike (NKE) gained 0.9% after Q4 earnings beat estimates, driven by a tariff-recovery benefit, but a 26% rise in receivables and flat revenue raised demand concerns.
Clearwater Analytics Exits NYSE After $8.4B Buyout
Clearwater Analytics (CWAN) delisted from NYSE after its $8.4 billion take-private by Permira and Warburg Pincus closed. Last trade at $24.56, a penny above the $24.55 cash merger price.
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.