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GWH News30 articles
Eos Energy Surges on First European Storage Deal, Production Milestone
Eos Energy shares surged 11.7% on news of a binding supply agreement for the DACH region and the start of commercial production at its second battery line, signaling growing demand and scaling capacity.
Progress Software Q2 Beats Estimates, But License Revenue Surge Raises Recurring Revenue Concerns
Progress Software beat Q2 estimates with 7% revenue growth, but license sales outpaced recurring revenue, leading to an after-hours stock decline.
SoFi Stock Slips on Small-Business Loan Launch Amid Volume Hurdles
SoFi shares fell 1.8% after launching small-business loans, with analysts questioning the volume needed to match Q1 originations.
Centessa's Final Trade Values Eli Lilly CVR at 28 Cents on the Dollar
Centessa's final trade at $40.50 values Eli Lilly's $9 contingent value right at $2.50, or 27.8 cents per dollar, as the acquisition closes and ADS trading halts.
Verizon Shares Slide on Starlink Threat, BT Deal Fails to Impress
Verizon shares fell 5.3% in premarket trading as Starlink's mobile ambitions outweighed its BT Group joint venture, pushing the dividend yield to 6.4%.
Snap Shares Dip as User Valuation Trails Rivals; Australia Regulatory Pressure Mounts
Snap shares declined Monday amid valuation concerns and fresh regulatory risks from Australia. The company's market cap per user lags behind rivals like Pinterest and Meta.
South Korea's $518B Chip Plan Fails to Impress Investors
South Korea's revised 800 trillion won ($518.3B) chip plan, down 60% from earlier estimates, sent Samsung down 4.86% and SK Hynix down 1.68% as investors focused on capex load.
Alphabet's AI Ambitions Tested by Gemini Supply Constraints and Antitrust Pressure
Alphabet grapples with Gemini AI supply constraints after demand from Meta and others outstrips capacity, while Chrome's 70% browser share underpins ad revenue and antitrust risks.
Bank of America Stock Nears Peak as Fed Stress Test Shifts Focus to Corporate Loans
Bank of America (BAC) edged lower Friday despite a 52-week high, as the Fed's stress test underscores corporate loan exposure. Investors await a July dividend decision.
Disney (NYSE:DIS) Stock Drops $8.9B Despite Toy Story 5 Success
Disney (DIS) shed $8.9 billion in equity from June 18 to June 26, despite 'Toy Story 5' grossing $398.8 million worldwide. The stock closed Friday at $98.79, down 3.57% for the week.
Crypto Sell-Off Deepens as AI Stocks Lure Investors; Gold Miner i-80 Reports Progress
Cryptocurrencies dropped nearly 9% as AI stocks gained favor. i-80 Gold released drill results, NSE plans a major IPO, Vizsla Silver advances its mine strategy, and US-Iran tensions keep oil steady.
Uber Gains $7.9B in Market Cap as Core Business Drives Confidence
Uber shares jumped 5.2% on Friday, adding $7.9 billion in market cap, as investors focused on the company's robust Q2 EBITDA outlook and core business fundamentals.
Eli Lilly Surge Lifts Healthcare ETF on GLP-1 Access and Drug Approval
Eli Lilly shares jumped 6.5% on Medicare GLP-1 access and a positive EU drug opinion, lifting the healthcare sector ETF XLV by 2.4%.
Strategy's STRC Preferred Stock Plunges, Signaling Bitcoin Funding Stress
Strategy's STRC preferred stock sank 26% to $73.68, far below its $100 par value, as a $13.4 billion unrealized bitcoin loss drove its effective yield to 15.6%, signaling investor concern over funding pressure.
Centessa's Final Trade Puts Lilly CVR at 28% of Maximum Value
Centessa's final $40.50 trade implies a 28% value on its non-transferable CVR from the $38/share Lilly buyout, with only drug-approval payouts remaining.
Intel Shares Slide Premarket as Chip Sector Weakness Persists
Intel dropped over 3% premarket as chip stocks slid. The stock trades 29% above Wall Street's 12-month target despite a $3.7 billion loss.
Titan Mining Shares Surge 42% Premarket on U.S. Army Lease Deal for Graphite Processing
Titan Mining shares soared 41.71% premarket to $3.16 after the U.S. Army chose its Empire State Mines unit for conditional lease negotiations on graphite processing facilities, boosting market cap by $91 million.
Livestock Markets Stabilize; Tech Selloff Pressures Nasdaq
Live cattle futures rose on strong export sales and declining beef stocks. Meanwhile, Nasdaq futures fell as tech stocks sold off on AI sector concerns.
Dow Jones Drops Below 52,000 After Late Selloff, Tech Weakness Offsets Industrial Gains
The Dow slipped below 52,000 after hitting a 52-week high, with a 735-point swing from peak to close. Caterpillar's surge masked Apple's drop.
May PCE Inflation Hits 4.1%, Consumer Demand Weakens, Fed Under Pressure
US PCE inflation rose 4.1% in May, the highest since April 2023, as consumer spending gains were driven by higher prices. Real spending grew only 0.3%, signaling weakening demand.
JPMorgan Elevates Petno and Rohrbaugh to Co-Presidents in Succession Move
JPMorgan Chase appoints Doug Petno and Troy Rohrbaugh co-presidents, overseeing divisions generating 85% of Q1 net income, as part of CEO succession planning.
Ondas Shares Under Pressure as Resale Filing Offsets Strong Defense Orders
Ondas shares fell 9.96% after filing to register 3.13 million shares for resale, overshadowing news of over $40 million in June defense orders and Q2 orders exceeding $150 million. Analysts remain bullish with a $20.14 average target.
Dow Rises on Oil Drop; Tech Weakness Weighs on Nasdaq
The Dow Jones rose 0.36% as falling oil prices lifted airline stocks, while the Nasdaq fell 0.43% on continued tech weakness. Markets await Micron earnings and PCE data.
Bitmine Stock Slides 7% as Ether Decline Pressures $10.7B Crypto Holdings
Bitmine stock dropped 7.3% as ether slid 5.1%, threatening the value of its massive $10.7B crypto treasury. The company warned of risks to asset values and capital-raising ability.
Home Depot Rises Despite Housing Weakness and Downgrade
Home Depot shares rose 4.7% to $339.61, helping lift the Dow, even as Wolfe Research downgraded the stock and U.S. new-home sales fell 7.3% in May.
MercadoLibre Gains 5.6% as Morgan Stanley Reaffirms Buy, But Profit Pressures Loom
MercadoLibre shares climbed 5.6% after Morgan Stanley maintained a Buy rating and $2,450 price target, with investors balancing 49% revenue growth against a 15.6% drop in net profit.
Gold Dips Below $4,000 as Dollar Strengthens and Fed Hawkishness Weighs
Gold slipped under $4,000 an ounce for the first time in seven months as the dollar strengthened and traders increased bets on further Fed rate hikes, sparking a broad precious metals selloff.
Joby Aviation Shares Slide on Heavy Trading, Short Interest Pressure
Joby Aviation dropped 3.14% on Tuesday with volume surging to 38.08 million shares, reflecting high short interest and no company news. The stock is 54% below its 52-week high.
Hecla Mining Slides as Silver Sell-Off Pressures Margins
Hecla Mining shares fell 5.7% on Tuesday as silver prices tumbled 4.9%, wiping out $610 million in market value despite a debt-free balance sheet.
Pfizer Shares Dip as Key Lung Cancer Drug Fails Trial, Pressuring Growth Plans
Pfizer shares slipped 0.8% after a key lung cancer drug from its Seagen acquisition missed survival goals in a late-stage trial, intensifying pressure on growth plans.