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NYSEG Completes New York Transmission Line Early, Saving $2M for Ratepayers
Avangrid's NYSEG finished a 12.8-mile transmission upgrade in western New York three months early and $2 million under budget, providing a cost-control win as regulators review rates.
Mortgage rates dip on Iran deal, but Fed stance limits relief
U.S. mortgage rates edged lower on the Iran deal but the Fed's cautious stance limits further drops, offering homebuyers only modest savings.
Grab stock rises 2.6% as buyback, margins offset revenue concerns
Grab shares climbed 2.6% to $3.54 on Q1 profit gains and a $500 million buyback, even as a below-forecast 2026 revenue outlook weighed. Volume exceeded 35 million shares.
Apple Set to Raise Prices as Memory Costs Surge; Micron Rallies on AI Demand
Apple will raise prices on some products as memory and storage-chip costs surge, with CEO Tim Cook calling increases unavoidable. Micron shares jumped 8.8% as investors bet on sustained chip pricing power.
Rigetti Valuation Under Scrutiny as Quantum Sector Navigates CHIPS Act Hurdles
Rigetti shares trade near $20 as investors weigh a $100M government funding letter against a $6.85B valuation, with analysts warning of a potential 50% decline.
Bezos Reportedly Called Washington Post 'Worst Investment' to Trump
A forthcoming book alleges Jeff Bezos told Donald Trump in December 2024 that buying The Washington Post was his worst investment, amid major layoffs and business struggles.
STRC Preferred Shares Slide, Threatening Strategy's Bitcoin Funding Model
Strategy's STRC preferred shares dropped to $82.61, threatening its ability to cheaply raise cash for bitcoin and raising risks of higher dividends or dilution.
Gas Dips Below $4 as Iran Deal Eases Oil Supply Fears
U.S. gasoline prices dipped below $4 a gallon Thursday after a U.S.-Iran interim deal to reopen the Strait of Hormuz, triggering a 2.33% drop in Brent crude and 2.46% in WTI; analysts warn relief may be slow as shipping risks and stalled production could delay full oil flow recovery for months.
Salesforce Shares Slide Despite Record Revenue as AI Monetization Concerns Persist
Salesforce shares dropped 1.8% to $152.21, even after record revenue and strong AI sales, as investors worry that new AI agents could undermine its core subscription model and pressure margins.
CDT Equity Soars 101% on Sarborg Stake Valuation of $127.5M
CDT Equity shares surged 101% after a private investment in Sarborg Limited implied a $127.5 million value for CDT's stake, dwarfing its $6.5 million market cap. Risks remain from a new convertible loan and a Nasdaq filing-compliance deadline.
Hyperscale Data Surges on AI Data Center and Bitcoin Prospects
Hyperscale Data shares climbed 8.4% to 43.12 cents on heavy volume, driven by its AI data-center push and Bitcoin holdings. A potential Michigan agreement for 20 MW of AI compute capacity remains under negotiation.
