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CRAI News30 articles
Craneware Tumbles 24% After Cyber Incident and 340B Woes Trigger Revenue Reset
Craneware shares fell 23.7% to 1,024p after resetting FY2027 revenue to $185M, citing a 340B market slowdown and a cyber incident. Net revenue retention dropped to 100% from 107%.
FCA Cracks Down on Unlicensed Crypto Firms Ahead of New UK Regime
FCA targets three London crypto trading sites with cease-and-desist letters, just days before new licensing window opens. No P2P crypto firms are registered.
Montenegro Claims €100M Fiscal Boost from Anti-Smuggling, Gambling Crackdown
Montenegro's deputy PM claims €100M fiscal gain from tobacco and gambling enforcement. Investors seek clarity as budget data shows improvement.
World of Warcraft: Forever Beta Launches with Gamepad Support and Paid Access
Blizzard has opened the World of Warcraft: Forever beta, introducing official gamepad support and paid access tiers ahead of its November 4 launch. The beta runs from September 17 to October 21, with monetization tied to subscription and upgrade packs.
Harbour Air-Pacific Coastal Merger to Create 59-Aircraft Regional Carrier
Harbour Air's acquisition of Pacific Coastal Airlines will create a 59-aircraft regional network in British Columbia, pending regulatory approval. Financial details undisclosed.
EGA Expands European Scrap Reach with Eco Green Acquisition
EGA's acquisition of Eco Green adds a 70,000-tonne European scrap network, strengthening its recycling platform and competitive position in low-carbon aluminum.
Oracle's Ellison Scraps 50M Share Sale Plan, Easing Overhang
Larry Ellison has canceled his Oracle stock sale plan, eliminating a potential supply overhang. No shares were sold, and he has no other sale plans.
Amazon Shares Rise Despite NTSB Revelations in Fatal Cargo Crash
Amazon shares rose 1.9% despite new NTSB details on the fatal 21 Air crash in Miami, as investors await any financial impact.
NTSB Data on Amazon Cargo Crash Raises Oversight Questions for AMZN
NTSB data reveals speed warnings and a late go-around attempt in the Amazon cargo crash, shifting focus to AMZN's oversight of third-party carriers.
Amazon Air Miami Crash: NTSB Probe and Legal Risks Weigh on AMZN
Amazon Air crash in Miami kills five, NTSB probe open, wrongful-death lawsuit filed. AMZN shares down 1.85% as investors weigh contractor oversight and legal exposure.
Amazon-Branded Cargo Jet Crashes in Miami, Killing Five
Five people died when a Boeing 767 bearing Amazon's livery overran a Miami runway. The plane was operated by 21 Air, not Amazon, though the brand is implicated.
Amazon Air 767 Crash in Miami: Investor Implications Await NTSB Findings
An Amazon Air 767 cargo jet crashed in Miami, killing five. Investors await NTSB findings to gauge impact on Amazon and Boeing.
Alumis Stock Craters 59% on Failed Lupus Trial
Alumis shares dropped 59% after its key lupus trial failed to meet primary and secondary endpoints, erasing $1.67 billion in market value.
Tesla Stock Surges 5% as Autopilot Crash Data Puts $1.45T Valuation in Focus
Tesla shares rose nearly 5% as a federal crash report confirmed Autopilot was active in a fatal May accident, putting the $1.45 trillion valuation under scrutiny.
Solstice Surges on $500M Buyback, Merger Scrapped
Solstice shares soared 12.8% after canceling its $14.5B merger and announcing a $500M buyback, with strong Q2 results and raised guidance.
Air Canada Dips 1.5% as FAA Fires Controllers in LaGuardia Crash Probe
Air Canada shares dropped 1.46% to C$27.64 after the FAA fired two controllers tied to a fatal LaGuardia crash. The move erased C$115 million from market value.
Solstice Surges 17% After Scrapping $14.5B Merger, Unveiling $500M Buyback
Solstice shares surged 17.2% in premarket trading after the company terminated its $14.5 billion merger with Element Solutions and announced a $500 million buyback.
Boeing Investors Unfazed by FAA 737 MAX Crack Checks
Boeing shares rose 0.96% on Friday as investors dismissed FAA-mandated crack inspections on 471 737 MAX aircraft as a routine issue, focusing instead on the company's improving cash flow.
SpaceX Stock Rebounds 23% Post-Lockup, Testing Cramer's Century Prediction
SpaceX shares recovered 23% last week after a turbulent lockup period, closing near its IPO price. Q2 revenue surged 92%, but capital spending remains a concern.
SpaceX Surges 15.8% as AI Spending Outweighs Lunar Crash Concerns
SpaceX shares climbed 15.8% on Friday even after lunar imagery confirmed a crash site, with AI investments overshadowing the event. Q2 financials show AI capex at 86.2% of total.
Roblox stock crashes 27% as bookings gap raises growth doubts
Roblox shares tumbled 27% on Friday after the company's Q3 bookings outlook disappointed, highlighting a growing gap between bookings and recognized revenue.
Meta Plunges 5% After Hours as Free Cash Flow Craters 91% on AI Spend
Meta shares dropped 5% in after-hours trading after reporting a 91% plunge in free cash flow to $780 million, as AI investments consumed 97.5% of operating cash flow.
Cracker Barrel Shares Slide 2.5% as CEO Change Highlights Pricing Concerns
Cracker Barrel shares dropped 2.5% to $52.39 after naming David Deno as CEO, replacing Julie Felss Masino. The move comes amid continued sales pressure and a high valuation multiple.
TeraWulf Stock Edges Up Following Lucrative Anthropic AI Lease Deal
TeraWulf closed Friday at $18.46, down 7.9% on the day but up 1.7% for the week, buoyed by a $19 billion AI lease with Anthropic.
Cracker Barrel Stock Steady After $77M Sale-Leaseback Deal
Cracker Barrel shares were little changed after a $77M sale-leaseback deal created a $5.7M annual rent obligation. Comparable restaurant sales dipped 2.5%.
Cracker Barrel Faces Up to $47M in Charges From Maple Street Sale
Cracker Barrel (NASDAQ:CBRL) will take $43M-$47M in charges as it exits Maple Street Biscuit Company, a brand that contributed less than 2% of revenue. The move is expected to improve adjusted EBITDA in fiscal 2027.
Archer Aviation Soars 19% on Thunder Defense Aircraft Debut
Archer Aviation shares jumped 19% after unveiling the Thunder autonomous hybrid aircraft, developed with Anduril, aiming to diversify beyond air taxis.
Boeing Regains Aircraft Certification Authority Ahead of Key Cash Flow Update
The FAA will restore Boeing's full certification powers for 737 MAX and 787 aircraft next week, covering 90% of deliveries. Shares slipped 0.14% to $214.03.
Cramer Backs Walmart as Q2 Forecast Tests $642 Billion Valuation Gap
Jim Cramer calls Walmart's recent dip an incredible buying opportunity. The retailer's Q2 forecast requires profit growth to outpace sales, while its $642B valuation gap highlights market bets on e-commerce and ad revenue.
U.S. Refiners Outperform as Crack Spreads Hit Record Highs
U.S. refiners Valero, Marathon, and Phillips 66 gained 6% on average last week, outpacing the energy sector as crack spreads hit a record $64.58/bbl amid tight fuel supplies and geopolitical tensions.