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Stellantis Unveils $70B Strategy to Revitalize Jeep, Ram, and European Brands
Stellantis launched a €60 billion five-year plan to boost profits, focusing on key brands like Jeep and Ram, with a goal of 25% revenue growth in North America.
Infleqtion Stock Rises on $100M Quantum Funding from Commerce Dept
Infleqtion shares gained 5.1% premarket after the U.S. Commerce Department signed a preliminary $100 million funding letter for its neutral-atom quantum computing project, which also grants the government stock.
D-Wave Surges 6% Premarket on $100M CHIPS Act Deal, U.S. to Get Equity Stake
D-Wave Quantum shares jumped 6% in premarket trading after the company signed a letter of intent for $100 million in CHIPS Act funding, with the U.S. government set to receive common stock upon deal closure.
Redwire Stock Wavers After Drone Orders and Major Stake Sale
Redwire shares eased in premarket after a 6.2% rally on new drone deals and a filing showing AE Industrial Partners cut its stake to 1.1%.
POET Technologies Plans $400M Offering Amid AI Photonics Expansion
POET Technologies shares slipped in premarket trading after a $400M direct offering. The funding supports a tenfold manufacturing expansion, but dilution concerns weigh on investors.
MARA Holdings Faces AI Strategy Test as CEO and CFO Sell Shares
MARA Holdings shares fell in pre-market trading after insider sales, as the company's $1.5 billion pivot into AI-powered data centers faces regulatory and execution risks.
Nvidia Earnings Beat Fails to Ignite Stock, AI Spending Under Scrutiny
Nvidia's earnings beat and $91B Q2 forecast failed to lift shares, which were flat premarket. The market's muted reaction highlights growing scrutiny of AI spending sustainability.
Hooters Revamps 140 US Locations to Shed Risque Image
Hooters' new owners are renovating 140 US restaurants to adopt a family-friendly image after its 2025 Chapter 11 filing. CEO Neil Kiefer details uniform and menu changes.
JetBlue Slashes 11 Routes, Pivots to Fort Lauderdale After Spirit Shutdown
JetBlue is dropping 11 routes, exiting Manchester-Boston, and doubling down on Fort Lauderdale after Spirit Airlines ceased operations. The airline reported a $319M Q1 loss.
Nio Returns to Loss but Margin Strength and Q2 Outlook Lift Shares
Nio posted a Q1 net loss after Q4 profit, but vehicle margin improved to 18.8% and Q2 revenue/delivery guidance exceeded analyst expectations, lifting shares in pre-market trading.
