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Pinterest Secures $1B Elliott Investment, Launches $3.5B Buyback
Pinterest announced a $1 billion strategic investment from activist investor Elliott Investment Management alongside a new $3.5 billion share buyback authorization. The company's stock rose nearly 5% in early trading following the news.
Target Unveils $5B Revamp Plan Amid Sales Slump, Shares Rally
Target Corporation is boosting its 2026 capital spending to $5 billion, adding over 30 new stores and 130 remodels. The retailer reported a 1.5% drop in Q4 net sales but shares jumped nearly 7% on the strategic outlook.
Atlassian Enhances Government Cloud Migration Ahead of Data Center Deadline
Atlassian has launched guided migration tools for shifting Jira and Confluence data to its Government Cloud, alongside new admin controls for session timeouts. The update precedes a March 30, 2026 deadline for new Data Center subscriptions.
Vistry Plunges on Margin Outlook, Leadership Transition
Vistry Group stock tumbled more than 20% as the UK homebuilder warned of compressed margins for 2026 and revealed its executive chair will step down, with debt reduction taking priority over shareholder returns.
Micron Unveils 256GB AI Server Memory Module Amid Market Selloff
Micron Technology has started providing samples of a 256GB low-power DRAM module designed for AI servers, claiming it is the industry's highest-capacity solution. The company's shares dropped nearly 8% on Tuesday as global equities faced a broad selloff.
Wix Secures $250M Investment, Posts Mixed Q4 Results, and Unveils 2026 Outlook
Wix has entered into a $250 million private placement agreement and reported fourth-quarter revenue of $524.3 million, a 14% increase. The company also issued a 2026 outlook projecting mid-teens growth.
Adidas Shares Slide on 2026 Profit Guidance Miss, CEO Contract Extended
Adidas AG shares dropped sharply after the company projected 2026 operating profit of approximately €2.3 billion, missing analyst expectations. The sportswear giant pointed to U.S. import tariffs and a weaker dollar as primary challenges.
Delixy Holdings Soars 158% in After-Hours on Middle East Supply Disruption
Delixy Holdings shares skyrocketed 158% in extended trading Tuesday, reversing a steep intraday loss, following a major supply disruption in the Strait of Hormuz that sent oil prices higher.
GSK Advances Pipeline with $2.2B RAPT Buy, Continues Share Repurchases
GSK shares gained after finalizing its $2.2 billion purchase of RAPT Therapeutics, acquiring a Phase IIb food allergy candidate, and disclosed further share repurchases as part of an ongoing program.
UK Bank Stocks Tumble as Oil Spike Dampens Rate Cut Hopes
Shares of Barclays and HSBC dropped approximately 4.5% in London trading, pressured by rising oil prices and diminished prospects for near-term Bank of England monetary easing.
MOBX Shares Stabilize After 533% Rally on Navy Tomahawk Contract
Mobix Labs shares traded near $1.12 in early Wednesday premarket action, stabilizing after a meteoric 533% gain the prior session. The rally followed news of a production order for a component in the Navy's Tomahawk missile program.