Latest News
Nu Holdings Launches $1B Buyback Amid Leadership Turmoil
Nu Holdings shares gain 4.1% on a $1B buyback announcement, but a CFO switch and analyst downgrades keep investors wary. BofA slashes price target to $10.
Quantinuum Shares Dip Below IPO Price in Premarket Trading
Quantinuum shares dropped 2.52% in premarket trading, falling below their $60 IPO price after a $1.68 billion debut, as investors assess early-stage financials and quantum computing potential.
Veru Stock Soars on Novo Nordisk Supply Deal for Obesity Trial
Veru shares jumped 88% to $4.23 after Novo Nordisk agreed to supply Wegovy for Veru's Phase 2b obesity trial. Analysts see it as a validation, but risks remain with trial endpoints and a 60-day exit clause.
SoFi Launches AI Coach; Stock Climbs in Pre-Market Trading
SoFi shares jumped 2.8% pre-market after unveiling SoFi Coach, an AI tool for personalized financial advice, as the company seeks to deepen user engagement beyond lending.
American Airlines Slides on Route Cuts Amid Jet Fuel Cost Squeeze
American Airlines shares traded near flat after cutting some routes for August and September due to high jet fuel costs, with AAL down 9.2% for the week.
Pennsylvania Bill Targets Data Centers as Electricity Prices Surge
Pennsylvania House Republicans propose forcing large data centers to secure their own power and pay grid costs after electricity prices jumped statewide June 1.
Merlin Shares Surge on C-130J Program Milestone
Merlin Inc shares surged up to 27.6% premarket after the U.S. Special Operations Command approved a key design review for its C-130J autonomy program, moving the contract closer to flight tests.
Tech Futures Slide on Broadcom Disappointment Ahead of Jobs Data
Nasdaq 100 futures dropped 0.9% after Broadcom's revenue miss and weak AI chip guidance, with S&P 500 futures also lower ahead of the May jobs report.
Lululemon Plunges 12% Premarket on Weak Forecast, North American Woes
Lululemon shares dropped 12% premarket after cutting its annual profit forecast and issuing a weak Q2 outlook, as North American demand falters and margins shrink.
Redwire Jumps 15% on Space Strawberry Deal, Defense Drone Boost
Redwire shares surged 15.1% after landing a space agriculture contract and a $15.9 million Army drone deal, adding nearly $600 million in market cap, but the greenhouse contract value was not disclosed.
Social Security Benefits at Risk of $500 Monthly Cut by 2032, New Report Finds
Social Security retirement benefits face a potential 24% cut by late 2032 if Congress fails to act, with average monthly reductions of $459-$556 across all states, per a new CRFB analysis.
