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T1 Energy Stock Dips Ahead of Vote on Share Increase for KORE Power Deal and Plant Financing
T1 Energy stock slid 3.3% to $8.63 before a vote to double authorized shares to 1 billion, fueling dilution fears tied to the KORE Power buy and G2_Austin solar cell plant funding.
Rocket Companies Shares Hold Steady Near $14 After BTIG Downgrade and Debt Refinancing
Rocket Companies shares held near $14 after BTIG downgraded the stock to Neutral, citing valuation already reflecting platform strengths, as the company refinanced $1.5B in debt.
Dow Breaks 52,000 as Rotation Out of Tech Lifts Financials; Fed Decision in Focus
The Dow Jones Industrial Average closed above 52,000 for the first time, while the Nasdaq slid on tech weakness as investors rotated into financials and industrials ahead of the Fed's rate decision.
Lloyds Banking Group Rises as UK Financial Stocks Rally Ahead of BoE Decision
Lloyds Banking Group shares rose 1.3% to 104p, beating the FTSE 100, as financial stocks rallied and the bank continued its £1.75 billion buyback program.
AT&T Stock Hovers Near 52-Week Low Amid Debt and Dividend Concerns
AT&T shares fell 1.5% to $22.95, approaching a 52-week low, as the market weighs debt, capital spending, and competitive pressures ahead of Q2 earnings on July 22.
Outlook Therapeutics Surges on FDA Review of Wet AMD Treatment
Outlook Therapeutics shares jumped 30% after the FDA accepted its resubmitted BLA for ONS-5010/LYTENAVA, setting a PDUFA target date of July 29, 2026.
Warsh's First Fed Meeting Holds Rates Steady Amid Iran Deal Oil Drop
The Fed held rates steady at 3.50%-3.75% in Kevin Warsh's first meeting, with markets focused on his rate forecast stance, as an interim Iran deal eased oil risk.
JPMorgan Stock Rallies as Oil Drop Fuels Financial Sector Rotation
JPMorgan Chase shares jumped 3.3% to $330 as sliding oil prices and easing inflation fears sparked a rotation into financial stocks, pushing the Dow to a record high.
Lionsgate Shares Leap on Netflix Bid Speculation
Lionsgate shares jumped 13.8% on heavy volume after reports that Netflix is interested in acquiring the studio, fueling takeover speculation.
Ford Stock Dips on China Software Rule Uncertainty
Ford shares slipped 1.1% to $14.61 after Reuters reported the company needs U.S. approval to keep importing China-built Lincoln Nautilus SUVs due to new connected-vehicle rules.