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CNR News30 articles
theScore Bet's $50 Bonus Is Invite-Only, PENN's Digital Loss Narrows
PENN's theScore Bet's $50 bonus is invite-only, not a public promo. Interactive loss narrowed to $9.5M in Q2, but profitability remains elusive.
CoreWeave's Stock Bounces 1.9% Amid $3.7B Convertible Notes and ATM Share Sale Plan
CoreWeave priced $3.7B convertible notes and disclosed an ATM share sale program. Stock rose 1.85% Friday but still below Wednesday's close.
ACT Score Release Set for Oct. 6 as ETS and Pearson Reshape Testing
Initial ACT scores from Sept. 19 test arrive Oct. 6, marking first cycle under ETS ownership. Pearson's ITS acquisition adds to sector consolidation.
Postmedia's Revenue Surge Masks Core Media Decline
Postmedia's revenue jumped 34% but only due to a new distribution business; advertising fell 11.6% and net loss widened.
CoreWeave's Dual Financing Move Pressures Shares
CoreWeave shares slipped 2.2% after the company unveiled a $3 billion convertible note offering and a 35 million-share ATM program, as investors weighed dilution against growth prospects.
Bank of Canada's Rate-Hike Trigger: Core Inflation Spillover
Bank of Canada minutes define rate-hike trigger: energy pass-through to core inflation. Core CPI near 2%, but tariffs and soft labor market may delay action.
UK Inflation Surges to 3.1% on Fuel Costs, Core Prices Stable
UK inflation rose to 3.1% in August, but core inflation stayed flat, suggesting the Bank of England may hold rates on Thursday.
Gasoline Surge Drives August CPI, Core Inflation Cools
August CPI rose 0.4% as gasoline surged, but core inflation slowed to 2.4% annually, giving the Fed mixed signals before its rate decision.
HPE Retreats 9% After Evercore Flags Valuation Risk Post-158% Rally
HPE shares dropped 8.6% after Evercore ISI downgraded the stock to In Line, citing valuation after a 158.5% YTD rally. The $65 price target was unchanged.
KULR Sheds Bitcoin Hoard in $58.6M Pivot to Core Battery Focus
KULR Technology Group sold its remaining 764 Bitcoin for $58.6 million, exiting the crypto treasury strategy. The proceeds boost liquidity but the battery business must now prove it can generate profitable growth.
Celsius CEO's $494K Stock Buy Underscores Confidence Amid Challenges
Celsius CEO John Fieldly spent $493,842.60 on 18,000 shares at $27.44, slightly above Friday's close. The buy signals confidence despite core brand revenue falling 11.7%.
Apple's 'Last Seen' Scores 86% on Rotten Tomatoes: What It Means for AAPL Investors
Apple's 'Last Seen' scores 86% on Rotten Tomatoes, but analysts weigh its impact on AAPL's services revenue and subscriber retention amid a crowded fall lineup.
Core Inflation Surprises Hot; September Fed Hike Odds Jump to 90%
August core CPI rose 0.3% m/m, above the 0.2% expected, lifting September Fed hike odds to 90%. Annual core eased to 2.4%.
Porsche's €1B Bugatti Rimac Exit Boosts Cash, Not Core Earnings
Porsche's €1B Bugatti Rimac exit lifts 2026 cash-flow outlook but does not fix underlying demand issues. P911 stock barely reacts ahead of October 7 Capital Markets Day.
CoreWeave's $104B Backlog Fails to Cushion 6% Stock Drop
CoreWeave stock dropped 6.1% to $89.12, erasing recent gains. The $104B backlog hasn't provided support as investors focus on massive capital spending and debt.
Core CPI at 0.2%: The Pivotal Number for Fed's Next Move
Friday's CPI report could sway the Fed's rate decision. A core reading of 0.2% or lower may hold rates, while 0.3% could trigger a hike.
Core PPI Misses Forecasts as Oil Surge Pressures Nasdaq Futures
Producer prices rose 0.4% in August, matching forecasts, but core inflation cooled to 0.2% while oil spiked above $104, pressuring tech stocks ahead of Friday's CPI.
CoreWeave Surges 14.8% on AI Optimism, Debt Load Looms
CoreWeave shares surged 14.8% to $102.57 on Tuesday despite no new company news. The rally reflects AI optimism, but $35.6B debt and heavy capex pose risks.
FICO Stock Plunges 17% as FHFA Expands Mortgage Score Competition
FICO shares tumbled 16.68% to $932.26 after the FHFA ordered Fannie Mae and Freddie Mac to accept VantageScore 4.0 from all mortgage originators, challenging FICO's dominance.
FICO Plunges 17% as FHFA Expands VantageScore Access to All Lenders
FICO shares fell nearly 17% after FHFA ordered Fannie Mae and Freddie Mac to allow all lenders to use rival VantageScore, threatening FICO's dominant mortgage scoring revenue.
Duolingo Soars on Evercore Upgrade, Price Target Doubled to $210
Duolingo stock jumped 3.9% premarket after Evercore ISI doubled its price target to $210, citing strong user growth and a Netflix-like recovery scenario.
Pfizer's Core Growth Offsets COVID Decline, but $4B Forecast Raises Doubts
Pfizer (PFE) shares edged down 0.2% as Q2 revenue grew 3% to $15B, but a lowered COVID forecast to $4B raises questions about achieving 5% core growth.
Vistra Stock Dips 2% as $472M Hedge Loss Masks Strong Core Growth
Vistra (VST) shares slipped 2% as a $472M hedging loss overshadowed a 31% EBITDA jump. Analysts remain bullish with a $217.42 price target.
Core AI Stock Soars 56% on Ad Rebound, But Losses Widen
Core AI (CHAI) jumps 56% after Q2 revenue rises 56% to $22.35M, but net loss widens. Cash flow turns positive, yet market cap stays under $11M.
Gap Stock Jumps 15% on Strong Core Brand, Raised Profit Guidance
Gap shares soared 15.4% after hours to $24.00 as the namesake brand posted 10% comparable sales growth and the company lifted its full-year profit outlook.
CoreWeave Gains 2.3% as Rescale Adds AI Cloud for Five Industries
CoreWeave (CRWV) shares climbed 2.3% as Rescale launched AI cloud services for five industries, broadening its workload mix beyond AI training.
Glencore Surges 7.3% as Investors Eye 17-Cent Payout
Glencore shares surged 7.3% last week, closing at 596.8p, as the market anticipates a 17-cent distribution and digests strong H1 earnings.
Market Roundup: Glencore's ASX Move, FX Hedging Surge, and More
Glencore's ASX listing could boost indices; FX hedging hits 94%; Braskem Idesa Chapter 11; Absa profit up; CleanSpark AI lease financing.
Cerebras Tumbles 5.3% as Valuation Concerns Override Strong Core Growth
Cerebras (CBRS) fell 5.3% Friday as investors weighed a $51.8B valuation against strong core revenue growth and a widened GAAP loss.
CoreWeave Holds Gains Post-Earnings as $104B Backlog Strains Capital
CoreWeave shares hold post-earnings gains despite a $104.2B backlog and heavy capex, with analysts split on valuation and capital efficiency concerns.