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CTS News30 articles
Kratos Selects Indiana Site for Hypersonic Testing Facility, Boosts 2026 Revenue Outlook
Kratos Defense & Security Solutions selected Odon, Indiana for a new hypersonic materials test facility, two days after raising its 2026 revenue outlook. Q1 revenue rose 22.6% to $371M.
Enterprise Products Units Dip on Revenue Decline Despite Record Volumes
Enterprise Products Partners units slipped 1.4% to $37.19 after a quarterly filing showed Q1 revenue fell to $14.39B while net income rose. Record volumes and a $0.55 distribution are key.
Firefly Aerospace Gains 22% as Defense Contracts Boost Investor Sentiment
Firefly Aerospace stock jumped 22.6% to $39.68 Friday, driven by strong Q1 revenue and a Space Force contract win. Analysts see potential in defense and lunar programs.
Innodata Soars on Record Revenue, Big Tech Contracts
Innodata shares surged 89% on record Q1 revenue of $90.1M and a raised 2026 outlook. New Big Tech contracts could contribute $51M this year.
Transocean Shares Drop 9% Despite $1.6B in New Contracts
Transocean shares fell 9.16% after reporting an adjusted Q1 loss of $28 million, despite $1.6 billion in new contracts. The DOJ's second request for the Valaris deal adds regulatory uncertainty.
IREN Shares Surge as Sweetwater Data Center Connects to Texas Grid
IREN shares surged 8.37% to $49.48 after energizing its Sweetwater 1 data center in Texas, linking it to the ERCOT grid. The milestone underscores progress in AI infrastructure.
RTX Lands Major Defense Contracts as U.S. Accelerates $8.6B Middle East Arms Sales
RTX Corp. was named principal contractor in U.S.-approved $8.6B Middle East arms sales and received $1.27B in new U.S. missile contracts, fueling defense backlog growth.
Intel Shares Surge on Google AI Chip Packaging Deal Prospects
Intel shares jumped 12% to a record $94.75 after reports that Google could adopt Intel's EMIB packaging for AI chips, boosting confidence in the foundry strategy.
Kratos Defense Slips 6.5% as Investors Await Profit from Drone and Space Contracts
Kratos Defense shares fell 6.5% to $61.26, cutting market cap to $10.6B, as investors question profit timing from new contracts including a $446.8M Space Force deal and Mk1 Firejet drone.
Enterprise Products Partners Prepares for Earnings and Distribution Payout
Enterprise Products Partners (EPD) closed at $38.00 ahead of first-quarter earnings on Tuesday and a $0.55 per-unit distribution on May 14. Analysts expect EPS of $0.71.
Palantir Shares in Focus as Pentagon Budget Looms, AI Defense Contracts in Play
Palantir Technologies shares are under scrutiny ahead of the Pentagon's fiscal 2027 budget details, with investors eyeing potential gains from a massive defense request and key AI system adoption.
QXO Strikes $17B Deal for TopBuild, Cementing Building-Products Ambitions
QXO announced a definitive agreement to acquire insulation specialist TopBuild for approximately $17 billion in cash and stock. The transaction, offering a 23% premium, aims to create the second-largest publicly traded building-products distributor in North America.
Adam Back Rejects Satoshi Nakamoto Speculation Amid Renewed Media Focus
Cryptographer Adam Back has again refuted claims he is Bitcoin's anonymous founder Satoshi Nakamoto, despite renewed media attention. Bitcoin's price showed little movement amid the speculation.
Markets Edge Higher on Iran Truce Prospects; Oil Holds Above $110
U.S. equities advanced for a fourth straight session Monday, buoyed by hopes for a de-escalation in the Middle East. Oil prices remained elevated above $110 a barrel.
Fidelity Canada to Shutter Eight Funds as Retirement Products Outperform
Fidelity Investments Canada is winding down eight funds, with most closures set for late July. Meanwhile, the firm's Freedom 2045 and 2015 retirement funds outperformed their benchmarks in the fourth quarter of 2025.
SoFi Stock Dips on $3.6B Loan Pacts Amid Accounting Scrutiny
SoFi Technologies shares declined over 4% on Friday, closing at $15.23, even after announcing more than $3.6 billion in anticipated personal loan funding from three new institutional partners. The drop occurred amid broader market weakness and lingering skepticism following a critical short-seller report earlier in March.
Tech Giants Face Legal Reckoning as Child Safety Verdicts Hit Shares
Meta Platforms and Alphabet shares declined following U.S. jury verdicts holding the companies negligent in child safety cases. The rulings have sparked renewed regulatory pressure and investor concerns about platform design liability.
Dow Retreats on Oil Spike, Dimming Rate Cut Prospects
The Dow Jones Industrial Average dropped over 200 points Thursday as a sharp jump in crude oil prices revived inflation concerns and pushed back expectations for Federal Reserve interest rate cuts this year.
Palantir Gains on Defense AI Prospects Amid Golden Dome Speculation
Palantir shares advanced 2.8% in early trading Wednesday following a Reuters report that the company is collaborating on software for the Trump administration's Golden Dome missile defense system. The move comes days after the Pentagon designated Palantir's Maven Smart System as a program of record.
Palantir's Defense AI Contracts Face Risk from Anthropic Legal Challenge
Palantir Technologies shares showed minimal movement as legal experts suggest Anthropic has a strong case against its Pentagon blacklisting. The outcome could force Palantir to replace AI models in critical defense software.
Reviva Pharma Enacts Reverse Split to Fend Off Nasdaq Delisting
Reviva Pharmaceuticals Holdings has implemented a 1-for-20 reverse stock split to boost its share price and avoid a Nasdaq delisting, with a critical compliance deadline of March 27. The company also faces financing challenges for an additional Phase 3 trial of its schizophrenia drug candidate, brilaroxazine.
Marvell Projects $15 Billion Revenue by 2028 on Surging AI Infrastructure Demand
Marvell Technology issued a bullish long-term forecast, projecting revenue could approach $15 billion by fiscal 2028, significantly above Wall Street expectations. The chipmaker's shares jumped 15% after it also reported strong quarterly results and guidance.
Pakistan Rejects JPMorgan's Roosevelt Hotel Bid, Opts for Joint Venture
Pakistan has declined JPMorgan Chase's bid to purchase the Roosevelt Hotel in New York. The government plans to seek a redevelopment partner but will maintain a stake in the property.
Okta Projects Sluggish Revenue Growth Amid Enterprise Spending Caution
Okta's first-quarter revenue guidance of $749M-$753M missed Wall Street expectations, marking its weakest projected growth since going public. The identity management firm beat Q4 estimates but struck a cautious tone on enterprise spending.
National Grid Awards £3 Billion in Contracts for Major UK Power Link
National Grid has finalized contracts worth approximately £3 billion for its Eastern Green Link 3 project, with NKT securing a record €2.2+ billion cable order. The 680 km link aims to be operational by 2033.
Malaysia Clarifies Lynas License Terms Amid US Mineral Pacts
Malaysia's trade ministry stated that recent US trade and critical minerals agreements do not alter the technical conditions imposed on Lynas Rare Earths' Malaysian operations. The ministry confirmed Lynas's 10-year operating license renewal, granted on March 3, 2026, remains subject to strict waste management deadlines.
Palantir Gains on Pentagon AI Shake-Up, Maven Contracts in Focus
Palantir shares climbed 4% to $153.19 in extended trading following a Pentagon directive to remove Anthropic's AI from defense platforms, affecting key Maven contracts. Federal agencies are shifting to OpenAI and Google alternatives.
Oracle Cloud Disruption Impacts TikTok Ahead of Key Earnings Report
A service disruption in Oracle's US East cloud region caused posting delays for TikTok users this week, highlighting ongoing reliability challenges. The incident occurs just days before Oracle's fiscal Q3 earnings release.
Toast Projects Accelerated Restaurant Growth for 2026 Amid AI Rollout
Toast anticipates adding more net new restaurant locations in 2026 than in 2025, with executives highlighting growth from enterprise clients and the new Toast IQ AI platform. Shares gained 0.9% premarket.
Target Projects 2026 Sales Rebound as New CEO Charts Turnaround
Target Corporation has issued a 2026 outlook projecting a return to net sales growth of approximately 2%, alongside an earnings per share forecast between $7.50 and $8.50. The retailer's shares advanced 5.5% in premarket trading following the announcement.