$9.75
+0.10 (+1.04%)
GTE News24 articles
Southern Cross Media Faces Grand Final Revenue Test After Record Brownlow
Nick Daicos' record 47-vote Brownlow Medal sets a high bar for Southern Cross Media's Seven network as it broadcasts the AFL Grand Final amid weak advertising and falling TV revenue.
Federal Grant Freezes Top $177B, Savings Claims Unverified
A new tracker reports $177B in disrupted federal grants, but savings remain unverified. GAO review found only 3.8% of DOGE savings substantiated, raising investor concerns.
NVIDIA's New Sales Chief Grant: Minimal Dilution, Big Retention Bet
NVIDIA granted 172,507 restricted shares to its new sales chief, a $37.7M award that barely dilutes shareholders. The front-loaded vesting schedule highlights retention priorities.
Evergrande Founder Jailed for Life; Vanke Shares Rally
Evergrande founder Hui Ka Yan gets life sentence, assets seized. Vanke shares rise 3.17% despite weak fundamentals; recovery for creditors estimated at 0.57%.
Evergrande Founder Gets Life Sentence; Creditors Face 99% Loss
Hui Ka Yan's life sentence underscores the massive shortfall for Evergrande creditors, who face a 99% loss as asset recoveries remain minimal.
GlobalFoundries Faces Earnings Test After Photonics Grant Boost
GlobalFoundries (GFS) shares dropped 6.6% last week as investors await Q2 earnings, even as a $300M photonics grant proposal offers long-term support but raises dilution questions.
CBIZ Stock Surges Near $55 on Grant Thornton's $5B Buyout
CBIZ (CBZ) shares surged to $54.45 following Grant Thornton's $5 billion acquisition offer at $55 per share, with a narrow 1% arbitrage spread signaling high deal confidence.
IREN's $757M CEO Grant Raises Governance Concerns
IREN's board approved a $757 million equity grant for its co-CEOs, consuming 71.4% of the incentive plan, raising governance concerns.
IREN Bounces Back as $706.5M CEO Grant and Russell 1000 Entry Stir Debate
IREN stock recovers from recent losses, trading up premarket as a massive CEO stock grant and Russell 1000 inclusion draw scrutiny.
Can-Fite BioPharma Surges on Japanese Patent Grant for Obesity Drug
Can-Fite BioPharma shares surged 17% premarket after Japan allowed a patent for Namodenoson in obesity, but the company's $6.61M market cap remains near the NYSE American delisting threshold.
Coherent Stock Slips Despite $50M CHIPS Grant; AI Optics Demand in Question
Coherent shares slipped 1% to $378.85 despite a $50M CHIPS grant for its Texas InP plant, as high valuation and supply risks overshadow AI optics demand.
ABAT Surges on Reinstated $115M DOE Lithium Grant
American Battery Technology (ABAT) shares surged over 29% premarket after the DOE reinstated a $115 million grant for its Nevada lithium refinery, fully restoring federal funding.
D-Wave Quantum Surges on $100M Grant, Awaits Key Details
D-Wave Quantum shares rose to $29.40 after news of a $100 million CHIPS Act grant. The market awaits final terms and the company's investor day on June 1.
Rigetti Computing Surges on $100M Quantum Grant News, Trading Resumes Tuesday
Rigetti shares surged 19.9% to $26.42 on Friday following news of a potential $100 million grant from the U.S. Commerce Department. Trading resumes Tuesday after the Memorial Day holiday.
Quantum Computing Stock Surges Amid Sector Rally, Despite Missing Federal Grant List
Quantum Computing Inc. (QUBT) shares jumped 7.89% to $12.31 on Friday, lifted by a sector-wide rally following the U.S. Commerce Department's $2.013 billion quantum funding announcement, though QUBT was not named among the award recipients.
Quantum Stocks Rally on $2B U.S. Grants; IonQ Faces Key Tests
Quantum stocks rallied on $2B in U.S. grants, but IonQ was excluded. Its shares rose 8% premarket despite concerns over valuation and profitability.
Rigetti Computing Surges on $2B Federal Quantum Grant Program
Rigetti Computing shares surged 13.2% premarket Thursday following reports of a $2 billion federal quantum computing grant program, with $100 million earmarked for the company. Q1 revenue hit $4.4 million but operating losses expanded.
American Water Works Unveils 2026 Grant Recipients Amid Infrastructure Spending and Merger Developments
American Water Works (AWK) awarded over $1.5M in grants to 86 groups across 13 states, while reaffirming 2026 EPS guidance and $3.7B in planned investments. Shares fell 2.69%.
Trump Media Restructures Board, Grants CEO Stock as Nunes Exits
Trump Media adds Trump allies Meredith O’Rourke and Boris Epshteyn to board, grants interim CEO Kevin McGurn a $125,000 monthly salary and RSUs. DJT stock at $9.35.
XRP ETF Momentum Tested as GraniteShares Delays Leveraged Product Launch
XRP traded at $1.43 as GraniteShares delayed its 3x leveraged XRP ETF to May 7. Spot ETF inflows continue, but the token struggles to break resistance.
EPA Grants Summer E15 Waiver to Ease Gas Prices, Impact May Be Limited
The U.S. EPA issued an emergency waiver permitting summer sales of E15 gasoline starting May 1 to address high pump prices. However, infrastructure and supply limitations may curb the policy's effectiveness.
Kenvue Grants Executive Stock Awards Amid $40B Kimberly-Clark Acquisition Wait
Kenvue has issued new restricted stock unit awards to top executives, including North America head Carlos De Jesus and General Counsel Matthew Orlando, while awaiting regulatory approval for its $40 billion acquisition by Kimberly-Clark.
Workday Shares Rebound on CEO Equity Grant After February Slump
Workday shares climbed approximately 7% in early trading Wednesday, recovering some losses after a recent decline. The move followed regulatory disclosures of new performance stock unit awards for top executives, including CEO Aneel Bhusri.
Coherent Shares Surge on Texas Semiconductor Grant and Upgraded Analyst Targets
Coherent stock rallied nearly 9% Friday following a $14.1 million state grant for its indium phosphide wafer project and price target increases from JPMorgan and Stifel.