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As of Aug 7, 6:20 PM ET ·
ING News30 articles
Europe's Jet-Fuel Crunch Deepens Amid Geopolitical Tensions
European airlines are under pressure as jet-fuel reserves drop below 30 days, the thinnest cushion globally, while Brent crude climbs 3.5%.
Commodities
CPS Energy Breaks Ground on 120MW Battery as Outage Times Worsen
CPS Energy and OCI Energy have started building a 120MW battery storage facility in Bexar County, targeting 2027 operations. The project comes as average outage times for CPS customers rose to 75.38 minutes.
Markets
SBTi Reports 40% Surge in Corporate Climate Targets as Asia Nears European Leadership
Corporate climate commitments validated by the Science Based Targets initiative soared 40% to 9,764 companies by the close of 2025. Asia's rapid expansion, adding 1,216 firms, brings it nearly level with Europe's growth.
Regulation
DraftKings Rebounds 8% as Analysts See Margin Upside
DraftKings (DKNG) shares jumped 8% on Friday, rebounding from post-earnings losses, as analysts noted a potential margin improvement could offset the Q2 revenue miss.
Earnings
Tesla Surges on $16.8B Terafab Plan, Funding Questions Loom
Tesla (TSLA) climbed 5.6% following its $16.8 billion Terafab announcement, but funding concerns persist. Retail investors poured $372 million into the stock, while Jefferies slashed its EBIT outlook.
Markets
3M Shares Rally 15% Post-Earnings, Valuation Outpaces Guidance
3M shares jumped 15% post-earnings, but the rally is mostly multiple expansion. Analysts' consensus target is slightly below the current price.
Earnings
Postal Service Loss Narrows as Shipping Fees Boost Revenue, Aiding UPS and FedEx
USPS narrowed its quarterly loss to $2.5B, helped by an 8% parcel surcharge that lifted revenue per piece. The move bolsters pricing for UPS and FedEx, with markets eyeing CPI data.
Earnings
Hecla Mining Surges 19% as Core Mines Offset Keno Hill Setback
Hecla Mining shares rose 19% this week, buoyed by strong performance at its core mines, which offset weakness at Keno Hill. Q2 silver output increased 7.8%.
Commodities
D-Wave Stock Rallies 15% Despite Booking Concentration Worries
D-Wave Quantum (NASDAQ:QBTS) climbed 14.8% this week to $20.76, yet 94% of H1 bookings were made in Q1, highlighting reliance on lumpy deals.
Earnings
Jersey Mike's IPO Falters as Trading Volume Dries Up Post-Debut
Jersey Mike's shares slipped below their IPO price on Friday as trading volume dropped 95% from the debut. The stock closed at $22.91, down 0.4% from the $23 offering price.
IPO
Rocket Companies Bounces Back on Servicing Deal, Record Refi Share
Rocket Companies shares recovered 3.8% to $13.72 after a $795M servicing deal, while Q2 revenue doubled and refinance share hit an all-time high.
Earnings
Lululemon Stock Climbs 8% on Global Growth, Offsetting US Decline
Lululemon's stock advanced 8.2% this week as international growth, led by China, offset a decline in U.S. sales. Analysts maintain a Hold consensus with a $123.01 target.
Earnings
Cipher Digital Plunges 23% as Financing Gap Raises Concerns
Cipher Digital shares dropped 23% last week despite Nasdaq gains, as rising interest expenses outpaced mining revenue. Analysts trim targets while maintaining positive outlooks.
Markets
Nu Holdings Set for Q2 Earnings Test After Lagging Nasdaq
Nu Holdings (NYSE:NU) closed down 3.4% last week, lagging the Nasdaq's 5.2% gain. Q2 earnings due Thursday will test credit quality and growth outlook.
Earnings
Plug Power Faces Critical Cash Test as Q2 Earnings Loom
Plug Power (PLUG) reports Q2 earnings Monday with cash at $162M and revenue forecast down 2.8%. Analysts focus on liquidity and dilution risks as shares hover near $2.18.
Earnings
MARA Holdings Slips as Mining Efficiency Gap Widens
MARA Holdings (NASDAQ:MARA) shares declined 10.9% this week as Q2 revenue fell 26.7% despite a 22.5% hashrate increase. Bitcoin production rose only 2.7%, highlighting operational inefficiencies.
Crypto
Coeur Mining Surges 11% on Record Cash Flow Despite Q2 Earnings Miss
Coeur Mining (CDE) shares surged 11% on Friday as record second-quarter free cash flow of $387.5 million overshadowed an earnings miss. The company projects $1.5 billion in 2026 free cash flow.
Earnings
UiPath Stock Soars 18% as Shares Outpace Unchanged Earnings Outlook
UiPath (NYSE:PATH) shares jumped 18% last week to $15.05, yet analyst earnings forecasts remain unchanged. Q2 results are due September 3.
Earnings
B2Gold Jumps 23% on Mali Permit, Lifting Fekola Growth Prospects
B2Gold (BTG) rallied 23% after Mali issued the Menankoto permit, paving the way for Fekola Regional to produce over 150,000 ounces annually from 2028. Q2 earnings missed estimates, but the growth catalyst drove shares higher.
Commodities
Ondas Stock Soars 22% Weekly; Q2 Earnings in Focus
Ondas (ONDS) shares climbed 21.6% last week to $9.11, buoyed by defense contracts. All eyes now turn to Q2 earnings due Thursday, with analysts projecting $67.97M revenue.
Earnings
Trade Desk Plunges 22% on Weak Guidance, Ad Spending Concerns
Trade Desk shares tumbled 22% to $13.80 after Q3 revenue guidance fell 19% below consensus, signaling softer ad spending. Stock at lowest since 2019.
Earnings
Social Security COLA 2027 Could Surpass Forecasts, Adding $63B
The 2027 Social Security COLA is projected at 3.6%-3.8%, potentially adding up to $63B in payouts, above the Trustees' forecast. CPI data due Wednesday.
Economy
Intel Stock Surges 12.7% on Q2 Beat, But Thin Trading Raises Concerns
Intel shares climbed 12.7% this week, driven by a strong Q2 earnings beat, but light trading volume has analysts questioning the rally's staying power.
Markets
Roblox Stock Bounces Back as Bookings Per Payer Slip 6.1% in Q2
Roblox (RBLX) shares climbed 4.9% Friday, yet Q2 bookings per payer declined 6.1% and Q3 guidance missed expectations, raising concerns about monetization.
Earnings
SpaceX Surges 15.8% as AI Spending Outweighs Lunar Crash Concerns
SpaceX shares climbed 15.8% on Friday even after lunar imagery confirmed a crash site, with AI investments overshadowing the event. Q2 financials show AI capex at 86.2% of total.
Markets
USA Rare Earth Soars 29% on Serra Verde Deal Ahead of Q2 Earnings
USA Rare Earth (USAR) shares surged 29% this week on the $2.75B Serra Verde deal. Q2 earnings due Monday; analysts target $30-$35.
Markets
Westwater Resources surges 88% after securing $25M U.S. graphite loan
Westwater Resources (WWR) soared 88% on Friday after securing a $25 million U.S. graphite loan, adding roughly $46 million in market value. The gain outpaced the loan amount, signaling investor confidence in government backing.
Markets
RBI Stock Slips 2% Despite Burger King's Strong Quarter
Shares of Restaurant Brands International dropped 2.1% on Thursday even as Burger King posted its best US comparable sales in years, raising concerns about growth concentration.
Earnings
Super Micro Stock Surges Ahead of Earnings Amid $60B Order Backlog
SMCI shares climbed 6% on Friday ahead of Tuesday's earnings, as investors weigh a $60B order backlog against margin recovery and revenue conversion risks.
Earnings
Archer Aviation Soars 20% Ahead of Q2 Earnings Amid Cash Runway Concerns
Archer Aviation (ACHR) shares surged 20% this week ahead of Q2 earnings. Revenue is expected near $2M, with a loss per share up to $0.34. Cash runway stands at ~2.4 years.
Earnings