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DRCT News30 articles
FreeCast's DIRECTV Deal Sparks Rally, but Financial Risks Loom
FreeCast shares jumped 140.68% after expanding its DIRECTV partnership, but the company's small revenue, deep losses, and going-concern warning keep the stock highly risky.
EchoStar Tumbles as SpaceX Direct Listing Dims Proxy Appeal
EchoStar plunged 11% on Friday as SpaceX's IPO allowed direct investment, reducing the proxy appeal. The stock now hinges on closing the AT&T spectrum sale and addressing a defaulted interest payment.
Fed Rate Decision, Retail Data to Steer Market Direction This Week
U.S. stocks rallied Friday but now face a crucial test as investors await Wednesday’s Federal Reserve decision and retail sales data.
FreeCast Shares Surge 141% on DIRECTV Deal, Yet Financial Risks Loom
FreeCast shares jumped 141% on a DIRECTV expansion deal, but the stock remains high-risk with only $92,909 in quarterly revenue and a going concern warning.
FreeCast Stock Surges on Expanded DIRECTV Deal, But Cash Crunch Looms
FreeCast soared after expanding its DIRECTV deal, but the rally masks deep risks: minimal revenue, heavy losses, and a cash crunch.
Momentus Shares Dive 20% on $25M Direct Offering, Dilution Fears
Momentus shares plunged 20% to $13 after pricing a $25M direct offering, raising cash but diluting existing holders. The deal closes June 15.
Navitas Semiconductor Plunges 9% on $500M Stock Sale, Director Exit
Navitas Semiconductor shares fell 9% after unveiling a $500M stock sale program, overshadowing its AI power-chip story. Director Ranbir Singh also resigned, intensifying supply and governance worries.
Rigetti Computing Stock Drops After Director Files to Sell $2.6 Million in Shares
Rigetti Computing shares dropped 9.55% Tuesday after a director filed to sell $2.6 million in stock, testing the recent rally on a potential $100 million U.S. quantum-computing award.
Philippine Airlines Appoints Ex-Malaysia Aviation Chief as Independent Director
Philippine Airlines appointed two new independent directors, including ex-Malaysia Aviation Group chief Izham Ismail, as it ramps up long-haul routes with A350-1000 jets.
Micron Joins Trillion-Dollar Club; Key Week Ahead May Set Direction
Micron's market cap surpassed $1 trillion as shares closed at $971. Analysts raised price targets sharply on tight HBM supply and AI demand. Samsung's new HBM4E chip adds competitive pressure.
AST SpaceMobile Stock Extends Rally on Direct-to-Device Satellite Buzz
AST SpaceMobile shares climbed 6.48% in premarket Tuesday to $112.72, extending a week of gains amid surging interest in direct-to-device satellite broadband and space-themed ETFs.
Chevron Faces Holiday Test: Oil Shock, Pump Price Flak, and Director's Stock Sale
Chevron shares ended the week flat as Brent crude held above $100, while California officials urged drivers to avoid its stations over high pump prices and director John B. Hess disclosed a big stock sale.
Bakkt Shares Surge After Director's $4.85M Insider Purchase
Bakkt shares surged 14.2% pre-market after director Michael Alfred acquired $4.85 million in stock. CEO Akshay Naheta also exercised options as the company shifts focus to stablecoin payments.
BigBear.ai Director Sells Shares as Defense AI Backlog Grows
BigBear.ai director Dorothy Hayes sold 15,000 shares for $61,575 on May 8, following a report of a $281.9 million backlog and reaffirmed 2026 revenue guidance.
Silver Rally Nears $80, Awaits CPI Data for Direction
Silver trades near $80 as traders await U.S. CPI data. A break above $83 could signal further gains, while failure risks a drop toward $70.
Everpure Director Sells $10M in Shares Ahead of Q1 Earnings
Everpure director John Colgrove sold 134,265 Class A shares for about $10.09 million ahead of the company's fiscal Q1 2027 earnings report.
FreeCast Soars on DIRECTV Multifamily Deal, Financing Risks Remain
FreeCast shares jumped 23.8% on a DIRECTV multifamily deal. Maxim Group initiated with Buy and $6 target. Dilution risks persist per SEC filings.
Lockheed Martin Clarifies No Direct F-35 Talks with India, Deal Remains Distant
Lockheed Martin confirmed it is not engaged in direct discussions with India regarding the F-35 fighter jet, stating any potential deal must follow official U.S. government channels. India has not initiated a formal acquisition process for the advanced aircraft.
Hyatt Accelerates AI Rollout to Boost Direct Bookings, Amex Offer Targets Loyalty
Hyatt is rapidly deploying AI search and management tools across its portfolio, aiming to capture travelers earlier in the planning process and increase direct bookings. The company is also offering select American Express cardholders a $75 incentive for direct bookings.
Silver's Critical Week: Oil, PMIs, and Fed Outlook to Dictate Direction
Spot silver fell sharply to $69.39 an ounce, pressured by a stronger dollar and rising Treasury yields. The metal's path this week hinges on oil price volatility, key manufacturing data, and evolving Fed policy bets.
IRS Direct Deposit Snag Delays Refunds for Over 800,000 Taxpayers
The IRS has issued more than 830,000 notices to taxpayers with invalid direct deposit information, potentially delaying refunds by over 10 weeks. Lawmakers are questioning how unbanked individuals can access funds faster.
Fortescue Directors Signal Confidence with Share Purchases Following Strong Earnings
Directors at Fortescue Ltd acquired shares worth approximately A$114,664 following the company's robust half-year results, which included a significant profit increase and a higher interim dividend.
Booking Holdings Soars on OpenAI's Strategic Pivot Away from Direct Chatbot Commerce
Booking Holdings shares jumped sharply after reports indicated OpenAI is pulling back from developing a native checkout feature within ChatGPT, reducing perceived competitive threats to established travel platforms.
Fortescue Directors Increase Holdings Following Strong Earnings, Dividend Boost
Multiple Fortescue board members acquired shares in late February, following the iron ore miner's announcement of a 23% jump in first-half earnings and an increased interim dividend. The stock gained 2% on Thursday.
Woodside Directors Increase Holdings Amid Leadership Transition
Woodside Energy's board-linked trustee purchased shares for seven non-executive directors, signaling confidence during a CEO search and major project negotiations. The company's Scarborough project is 94% complete.
Evolution Mining Rises 2.4% Amid Gold Consolidation; Director Sells $51M Stake
Evolution Mining shares advanced 2.4% to A$14.94 as gold prices consolidated. Director Jacob Klein divested a A$51 million stake, with market focus shifting to upcoming U.S. inflation figures.
Lithium Prices Steady as Market Awaits Post-Holiday Direction
Lithium carbonate prices in China remained unchanged at 145,000 yuan per tonne, marking a fourth consecutive session of stability. Market attention shifts to post-holiday trading and upcoming producer earnings for demand signals.
IRS Direct Deposit Errors Could Delay 2026 Tax Refunds, Agency Warns
The IRS cautions that incorrect bank details may freeze refunds this filing season, urging taxpayers to verify information and use electronic tools for faster processing.
IRS Warns 2026 Tax Refund Delays Likely Without Accurate Direct Deposit Details
The IRS cautions that missing or incorrect bank information will hold 2026 refunds, with updates only accepted by mail. Most e-filed refunds arrive within 21 days, but delays could extend into March.
Air Transat Launches Direct Rio Flights Amid Canadian Airline Route Expansion
Air Transat initiates nonstop Toronto/Montreal-Rio de Janeiro service, becoming the sole carrier on the Montreal route. The move coincides with a broader February route rollout by Canadian and international airlines.