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UMAC Surges on Pentagon Drone Funding Report, Profitability Concerns Linger
Unusual Machines shares jumped up to 52% on reports the Trump administration is in talks to fund U.S. drone makers, but the company's operating losses and rising inventory raise concerns.
Butterfield Acquires CIBC Caribbean for $1.8B, Reshaping Regional Banking
Butterfield acquires CIBC's majority stake in CIBC Caribbean for $1.8B, adding 41 branches across 10 countries and boosting assets to $29B. CIBC sharpens North American focus.
Fertitta's $17.6B Caesars Buyout Gets Board Nod, Stock Lags Offer
Fertitta Entertainment buys Caesars for $17.6B ($31/share). CZR stock up 1.6% to $29.25, below offer. Go-shop until July 11 for higher bids.
Keel Infrastructure Stock Dips in Premarket After AI Rally
Keel Infrastructure shares slipped 1.82% in premarket trading Thursday, following a 7.31% gain Wednesday, as the company pivots from Bitcoin mining to AI data centers.
Opendoor Technologies Joins Russell 3000 Index, CEO Increases Stake
Opendoor Technologies (OPEN) shares jumped 6% premarket after the company announced its inclusion in the Russell 3000 Index, effective June 26. CEO Kaz Nejatian purchased 100,000 shares, increasing his stake to 83.58 million.
Archer Aviation Edges Higher as Focus Shifts to Certification and Defense Expansion
Archer Aviation shares edged up 0.5% to $6.55 in early trading, with the market focused on FAA certification progress for its Midnight eVTOL and broader defense opportunities.
SoFi Launches Bank-Backed Stablecoin for Retail Users, Expanding Crypto Reach
SoFi Technologies launches its bank-issued SoFiUSD stablecoin for nearly 15 million app users, expanding crypto services beyond enterprise clients. Shares trade at $16.17.
Hormel Shares Surge on Strong Protein Demand, Besting Q2 Forecasts
Hormel Foods (HRL) shares surged 6.8% premarket after reporting fiscal Q2 results that beat estimates on both sales and profit, driven by strong demand for protein-rich foods.
Azul to Relist on NYSE American; Veris Departs After Buyout
Azul S.A. will list its ADS on NYSE American on June 1 under AZUL, just months after exiting Chapter 11. Meanwhile, Veris Residential has been delisted after its $3.5B buyout.
Pentagon Drone Budget Surge Lifts Unusual Machines, Defense Tech Stocks
Unusual Machines stock jumped 39% premarket after the WSJ reported the Trump administration is in talks to fund US drone companies, as the Pentagon's 2027 budget proposes $74 billion for drone tech.
June Social Security Payout Schedule: Key Dates for Retirees
SSI payments go out June 1, followed by Social Security checks on June 10, 17, or 24 based on birth date. The 2026 COLA boost of 2.8% is included.
Micron's AI Memory Dominance Tested as Shares Dip Ahead of Trading
Micron shares dip 1.82% in premarket after hitting $1 trillion market cap. AI memory demand drives growth, but oversupply concerns persist.