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ING News30 articles
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.
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.
IREN shares tumble 9.5% as Bitcoin slide and AI spending jitters weigh
IREN shares fell 9.5% to $49.51, underperforming peers, as Bitcoin slid below $60,000 and analysts questioned its AI cloud pivot, chip delivery risks, and $4.4 billion revenue goal.
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.
MARA Holdings Plunges After Share Plan Approval and Bitcoin Drop
MARA Holdings shares fell nearly 8% after shareholders approved an 18 million-share increase to its equity incentive plan, raising dilution concerns as bitcoin dropped 4.9% and insiders sold shares.
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.
Affirm surges 10% as Prime Day spending beats expectations, boosting BNPL outlook
Affirm shares surged 9.9% after Amazon Prime Day first-day sales beat forecasts, with buy now, pay later expected to finance $2.04 billion in purchases, up 5.5% year-over-year.
Social Security Faces Funding Gap by 2032; June Payment Schedule Finalized
Social Security's final June payment arrives June 24. Trustees project full benefits only through Q4 2032, with a 78% payout thereafter. July payments shift due to Independence Day.
Strategy Inc Shares Tumble as Bitcoin Buying Strategy Faces Investor Backlash
Strategy Inc shares plunged 5.2% to $98.45 after selling $335.5 million in stock to buy 520 bitcoin, raising concerns as dollar reserves dropped 38% and dividend coverage shrank.
Wall Street Edges Higher Ahead of Micron Earnings and Key Inflation Data
US stocks opened higher on Wednesday, with the S&P 500, Nasdaq, and Dow all in positive territory, as investors focused on Micron Technology's earnings due after the bell and ahead of key inflation data.
Micron Earnings in Focus as AI Memory Rally Faces Key Test
Micron shares slipped 0.33% to $1,048.34 as investors await fiscal Q3 earnings, with Wall Street forecasting $20.83 EPS and $35.9B revenue. Options imply an 11% move, testing the AI-driven chip rally.
UiPath Holds Near $10 as AI Strategy Awaited Ahead of Annual Meeting
UiPath shares trade near $10 ahead of its June 25 annual meeting, as investors watch for AI-driven products to boost revenue amid a cautious Wall Street outlook.
Tencent Rises as WeCom AI Agent Enters Testing, Buyback Continues
Tencent shares rose 3.38% on Wednesday as WeCom began limited testing of the Dayuan AI agent. The company also repurchased 1.183 million shares.
Grab, GoTo Cut Indonesia Bike-Hailing Commissions to 8% After New Cap
Grab and GoTo slash Indonesia motorcycle ride-hailing commissions to 8% from 20% starting July 1, following a new government cap. Grab shares edged lower in pre-market trading.
Micron Earnings in Focus as AI Demand Questioned
Micron shares climb 3.8% premarket after a 13% drop, as Wall Street awaits earnings to gauge AI-driven demand. Nasdaq futures rise 0.41% amid tech recovery hopes.
FedEx Stock Dips as 2026 Profit Forecast Relies on Pricing Power
FedEx stock dropped over 7% premarket after earnings beat, with 2026 profit outlook hinging on price increases and freight spin-off complicating comparisons.
Atlantic International Stock Soars on Dutch Contracts, Going-Concern Warning Looms
Atlantic International Corp. shares surged 202% after winning $430M in Dutch contracts, but a going-concern warning and thin margins highlight high risk.
SoFi's AI Trading Platform Tests Member Monetization
SoFi unveils Composer by SoFi, an AI trading platform, aiming to convert members into fee-generating investors. Shares rose 1.11% as analysts weigh risks.
Nvidia Teeters Below $5 Trillion as Chip Sector Slumps, Micron Earnings in Focus
Nvidia shares remain below the $206.61 threshold for a $5 trillion market cap after a 4.1% drop erased $208 billion. Chip stocks fell broadly, with Micron earnings set to test AI memory demand.
US Mint to Release Only 250,000 Special July 4 Quarters, Creating Extreme Scarcity
The US Mint will issue only 250,000 Declaration of Independence quarters with a special July 4 privy mark, representing 0.28% of standard 2026 quarters minted so far, creating extreme scarcity for collectors.
SpaceX Bond Sale Draws $85B in Orders Amid Rising Short Interest
SpaceX's $25 billion bond sale saw $85 billion in orders, enabling debt refinancing and AI and rocket project funding without shareholder dilution, even as short interest climbs.
American Airlines Shares Hinge on Fuel-Led Guidance Boost as Rivals Outperform
American Airlines stock trades near its average analyst target, with investors seeking stronger earnings guidance as lower jet fuel costs fail to lift shares as much as rivals.
Blue Owl Shares Drop Near 52-Week Low Amid Credit Fund Filing and Redemption Concerns
Blue Owl Capital shares fell 3.4% to $8.91, nearing a 52-week low, as investors weigh a 10.3% dividend yield against $1.2 billion in redemptions and 13.9% software-credit exposure.
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.
Memory Chip Stocks Slide Harder Than Nvidia, Raising AI Spending Doubts
Memory chip stocks fell more than Nvidia, with Micron, Sandisk, and Western Digital leading declines, as investors question AI spending ahead of Micron earnings.
Novo Nordisk B Shares Surge on South African Court Ruling Against Compounder
Novo Nordisk B shares surged 9.9% in three sessions after a South African court halted iDexis from supplying compounded semaglutide, potentially shifting demand to Novo.
Iovance Biotherapeutics Stock Surges on $89.7 Million ATM Offering
Iovance shares rose 9.4% after launching an $89.65 million ATM stock sale, as investors balance dilution risks against the potential for accelerated Amtagvi revenue growth.
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.
Silver Slump Drags Coeur Mining Lower Despite S&P MidCap 400 Entry
Coeur Mining shares dropped 7.2% on Tuesday, as a sharp decline in silver and gold prices amid renewed Fed rate hike expectations overshadowed the company's addition to the S&P MidCap 400 index.
Broadcom Drops 3% as AI Chip Spending Concerns Weigh on Investors
Broadcom shares dropped 2.8% on Tuesday, as investor concerns about AI funding among its top cloud customers offset strong revenue growth and a bullish AI chip outlook.