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EXE News30 articles
Natural Gas Futures Plunge on Milder Weather Outlook; Expand Energy Shares Drop After CEO Departure
U.S. natural gas prices tumbled over 8% to a three-week low as forecasts of warmer temperatures threatened heating demand. Separately, leading producer Expand Energy's stock fell sharply after its CEO announced an exit.
Commodities
Microsoft Expands Hyderabad Azure Hub with $20.5B India Investment
Microsoft inaugurated its biggest cloud region in India, located in Hyderabad, backed by a $20.5 billion commitment. The move expands Azure's local footprint and aims to capture growing demand from regulated industries.
Technology
Coinbase Expands UK Stock Trading to Boost USDC Retention
Coinbase (NASDAQ:COIN) launched 24/5 US stock trading for UK users, offering nearly 4,000 stocks. The move aims to boost USDC retention, but shares fell 2.4% amid questions about growth.
Crypto
Block Raises 2026 Guidance as Q2 Earnings Beat, Profit Margins Expand
Block raised its 2026 adjusted operating income guidance to $3.47 billion after Q2 earnings of $1.02 per share beat expectations. Cash App profit surged 31%, but shares slipped 1.35% in after-hours trading.
Earnings
MicroVision's Reverse Split Expands Issuance Capacity Ahead of Q2 Report
MicroVision (MVIS) began trading on a split-adjusted basis Monday after a 1-for-15 reverse split, increasing potential share issuance capacity by 70%.
Earnings
GM Boosts 2026 Profit Forecast on Stronger Pricing, Margins Expand
General Motors lifted its 2026 profit forecast, citing stronger vehicle pricing that drove margin expansion. Adjusted EBIT rose 29.8% to $3.94 billion, with the outlook raised by $500 million.
Earnings
Riyadh Air Expands Fleet with Airbus and Boeing Orders
Riyadh Air's 34-jet expansion lifts Airbus' near-term backlog, while Boeing's 28 orders, mostly pending, hold larger long-term revenue potential.
Markets
Jet.AI Shares Slide Despite Reverse Takeover Proposal; Valuation Based on Expanded Share Count
Jet.AI shares dropped 12.5% as investors question a $10 per share reverse takeover valuation, which relies on a share count that increased 38% since May.
Markets
Domino's Expands Board, Appoints Two Independent Directors Ahead of Q2 Earnings
Domino's Pizza (NASDAQ:DPZ) expands board to 10 members and adds two independent directors to its audit committee ahead of Q2 earnings, as the company faces digital execution issues and slowing sales.
Earnings
MTA Bus Camera Enforcement Expands to 67 Routes as Curb Fines Surge
NYC MTA's bus camera enforcement now covers 67 routes after adding four more lines. Curb fines from blocked stops and double-parking generated $7.3 million more than bus-lane tickets in fiscal 2025.
Analysis
Alaska Air Group Expands Portland Hub with Major Tampa Route
Alaska Airlines starts daily Portland-Tampa service, increasing capacity by 97% with 6.21 million weekly ASMs, while also adding Wenatchee feeder flights.
Markets
Air Premia Partners with Southwest to Expand US Reach
Air Premia partners with Southwest Airlines, allowing Korean travelers to book one ticket to over 120 US cities via LA, San Francisco, and Honolulu.
Markets
Nasdaq Leads Late-Day Rally as Market Breadth Expands Amid AI Spending Scrutiny
U.S. stocks closed higher Tuesday with the Nasdaq climbing 1.54%, as market breadth improved and AI spending faces tighter valuation scrutiny.
Markets
Netflix Hits 52-Week Low as Meta Expands TV Reach; Analysts Question 2027 Outlook
Netflix shares dropped to a 52-week low as subscriber churn and Meta's TV expansion weigh. Analysts warn 2027 forecasts leave little room for upside.
Markets
Nokia Surges on Expanded Google Cloud AI Partnership
Nokia shares surged after announcing an expanded AI network-software partnership with Google Cloud, integrating Gemini AI into network management tools, with SaaS launch set for September.
Technology
The Agency Expands in Central America with New Belize Office in Placencia
The Agency has opened its first Belize office in Placencia, expanding its Central America network. The move aims to capture rising foreign buyer interest, though past fraud cases remain a warning for investors.
Markets
Substack Expands into Brand Sponsorships, Hires Ex-Roku Executive
Substack hires Dan Robbins as first head of brand sponsorships, with Uber, T-Mobile, Balenciaga, and Yahoo Scout investing millions in creator deals, marking a shift from subscription-only revenue.
Technology
AmEx to Acquire TheFork from TripAdvisor for $700M, Expanding Dining Network
American Express will acquire TheFork from TripAdvisor for $700 million in cash, expanding its dining network to 75,000 bookable venues and allowing TripAdvisor to focus on its Experiences segment.
Markets
Emirates A380 Network Expands to 48 Cities in July After June Reductions
Emirates will operate the A380 to 48 cities in July, up from 44 in June, after the Iran conflict forced deep schedule cuts. The airline restores superjumbo service on several key routes but keeps some on Boeing 777s.
Markets
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.
Markets
Delta Expands Premium Lounge Network at LAX Ahead of 2028 Olympics
Delta Air Lines will launch a second Delta One Lounge at Los Angeles International Airport this summer, boosting premium capacity ahead of new long-haul and domestic routes and the 2028 Olympic Games.
Markets
T1 Energy Expands into Battery Storage with $32M KORE Power Acquisition
T1 Energy (TE) acquires KORE Power for $32 million, entering battery storage and data-center infrastructure. Northland initiates Outperform rating, $16 target.
Markets
Lilly Expands Vaccine Portfolio with $3.83B Triple Acquisition
Eli Lilly acquires Curevo, LimmaTech, and Vaccine Company for up to $3.83B, gaining vaccine candidates for shingles, staph, and Epstein-Barr virus. Shares rose 5%.
Markets
SoFi Launches Bank-Backed Stablecoin for Retail Users, Expanding Crypto Reach
SoFi Technologies launches its bank-issued SoFiUSD stablecoin for nearly 15 million app users, expanding crypto services beyond enterprise clients. Shares trade at $16.17.
Crypto
Micron Shares Rise on AI Memory Demand as DRAM Production Expands
Micron shares climbed 3.7% in premarket trading Tuesday to $779.05, driven by the start of 1-alpha DRAM production at its expanded $2 billion Manassas, Virginia facility.
Technology
Lockheed Martin Expands THAAD Production in Alabama Amid Rising Demand
Lockheed Martin has started construction on a major THAAD interceptor plant in Alabama, aiming to increase output from 96 to 400 units per year amid surging Pentagon demand.
Markets
Goodwill Expands Thrift Network with New Alabama Outlet, Eyes 100 Stores in 2026
Goodwill opens a new store in Sylacauga, Alabama, and prepares for a Maryland location, as part of a plan to open 100 stores in 2026 to meet growing demand for secondhand goods.
Markets
United Airlines Expands Transatlantic Network with Longest 737 MAX 8 Route to Spain
United Airlines will begin nonstop Newark-Santiago de Compostela flights on May 27, using a Boeing 737 MAX 8, marking its longest narrowbody transatlantic route. The carrier also resumed Newark-Glasgow service earlier in May.
Markets
Qualcomm Soars 13% on Expanded Stellantis Auto Chip Deal
Qualcomm shares jumped 12.7% to $240.44 after Stellantis expanded a multi-year partnership to deploy Snapdragon Digital Chassis in next-gen vehicles, including Level 2+ hands-free driving.
Technology
SoFi Technologies to Acquire PrimaryBid, Expanding Retail IPO Access
SoFi Technologies is set to acquire most of PrimaryBid, aiming to expand retail investor access to IPOs. The deal sent SOFI stock up 1.7%.
IPO