$76.43
-0.33 (-0.43%)
OGS News30 articles
Intel Retreats 8% in Premarket After $700B Market Cap Milestone
Intel shares slid about 8% in premarket trading Tuesday after closing Monday at a record high, as investors reassess AI-driven gains and rate risks.
Markets
Blackstone-Led Lenders Take Over Medallia, Wiping Out Thoma Bravo's $5 Billion Equity
Lenders led by Blackstone, Apollo, and FS KKR Capital have taken control of Medallia from Thoma Bravo, wiping out the buyout firm's $5 billion equity stake. The restructuring includes $150 million in new capital.
Analysis
US Makes Global Hawk Drone Deployment in Japan Permanent
The US Air Force has permanently stationed three RQ-4B Global Hawk drones at Yokota Air Base, Japan, shifting from seasonal to year-round operations to boost surveillance in the Pacific.
Regulation
SpaceX IPO Honeymoon Fades as Lockups, ETF Flows, and Retail Rules Stir Volatility
SpaceX shares closed at $185 in its first public week, down from a high of $225.64, as ETF flows, lock-up expirations, and retail restrictions add supply concerns.
IPO
Israeli Drone Maker UVision Targets $4B Nasdaq IPO Amid Defense Market Shifts
Israeli defense firm UVision Air, controlled by Aaron Frankel, targets a $3.5-4 billion valuation in its Nasdaq IPO set for July or August, aiming to raise $500 million to $1 billion.
IPO
US Mortgage Rates Slide to One-Month Low Amid Iran Deal, Treasury Yield Drop
US 30-year fixed mortgage rates dropped to 6.47%, their lowest in over a month, as a US-Iran framework deal pushed Treasury yields lower, offering modest relief to homebuyers while pending home sales rose 3.8% in May.
Economy
Joby Aviation Hits $10 as Air-Taxi Sector Eyes 2026 Milestones
Joby Aviation closed at $10.00 before Juneteenth, capping a volatile week with a 6.5% gain on heavy volume as the market eyes 2026 air-taxi milestones.
Markets
Qatar-Donated Boeing 747-8 Begins Final Tests as Interim Air Force One
The U.S. Air Force's $400 million former Qatari Boeing 747-8 begins final tests at Joint Base Andrews, serving as a temporary Air Force One amid delays in Boeing's VC-25B replacements.
Markets
Jersey Mike's Dethrones Chick-fil-A in Customer Satisfaction Rankings
Jersey Mike's Subs scored 84 in the 2026 ACSI restaurant study, edging out Chick-fil-A's 83 and ending its 11-year streak as the top-ranked U.S. quick-service chain.
Markets
Salesforce Shares Slide Despite Record Revenue as AI Monetization Concerns Persist
Salesforce shares dropped 1.8% to $152.21, even after record revenue and strong AI sales, as investors worry that new AI agents could undermine its core subscription model and pressure margins.
Markets
Chip Stocks Rally on Apple-Intel Deal, Oil Drop Offsets Fed Hawkish Tone
Chip stocks rallied on Apple-Intel partnership news, lifting the Nasdaq 1.04%. Oil prices slid after a US-Iran deal, offsetting the Fed's hawkish signals.
Markets
Ondas Acquires Cyberhawk in $125M Deal, Boosting Drone Inspection Capabilities
Ondas Inc. announced a $125M cash acquisition of Cyberhawk, a drone inspection firm, expanding its utility and energy market reach.
Technology
Intel Shares Surge on 18A-P Milestone and Server CPU Demand Uptick
Intel shares rose 3.5% to $121.10 after its 18A-P process entered risk production and Bernstein lifted its price target to $100 on improved server CPU demand.
Technology
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.
Markets
Citi Bullish on Figma: AI Monetization Strategy Solid, $36 Target Set
Citi initiates Figma at Buy with a $36 target, citing strong AI monetization. Shares rise premarket after a 52% YTD decline.
Technology
Intel Stock Tumbles Despite 18A-P Chip Milestone Amid Sector Rout
Intel shares dropped 8.5% premarket to $117.05 after announcing its advanced 18A-P chip process entered risk production, as a broader semiconductor selloff and concerns over yields and customer wins overshadowed the milestone.
Markets
Plug Power Shares Retreat as Investors Eye June Liquidity Milestone
Plug Power shares slipped 1.8% to $2.75 as the market awaits the June close of the Project Gateway asset sale, a key liquidity event amid ongoing cash burn.
Markets
Dow Jones Hits New Peak; Tech Dips as Fed Meeting Looms
The Dow Jones Industrial Average hit a new record high, while the S&P 500 and Nasdaq slipped as technology stocks lost steam ahead of the Federal Reserve's pivotal policy decision.
Markets
QTREX Quantum Stock Soars on 97% AME Yield Milestone, Eyes Commercial Production
QTREX Quantum shares surged 70.54% after AME system achieved 97% yield validation at a major U.S. interconnect manufacturer, signaling commercial readiness.
Technology
Russian Fuel Supply Tightens Amid Ukrainian Drone Strike and Tatneft Restrictions
Tatneft restricts fuel sales at its stations after a Ukrainian drone strike hits a key Moscow refinery, with wholesale gasoline and diesel prices surging 10% in early June.
Commodities
Volaris Board Resignation and Blood Transport Milestone Mark Key Week
Andrew Broderick resigned from Volaris' board effective June 15 for a new professional role. The airline also celebrated one year of its blood transport partnership with Cruz Roja Mexicana, benefiting over 1,100 patients.
Markets
Oil Price Plunge on Iran Deal Drives Mortgage Rates to One-Month Low
Mortgage rates hit a one-month low of 6.56% after oil prices fell sharply on a tentative U.S.-Iran deal. Markets now focus on the Fed's upcoming rate decision.
Economy
Ondas Stock Rises on Resale Filing, Focus on Drone Contracts
Ondas shares rose 3.9% to $9.69 after filing a resale prospectus for 6.07 million shares linked to recent acquisitions. Investors now focus on Q2 results to see if $110M+ in new orders and a $457M backlog convert to revenue.
Earnings
QTREX Quantum Stock Skyrockets After AME System Reaches Production Milestone
QTREX Quantum stock soared 84% to $2.37 after a key customer moved its AME system to production following a 97% manufacturing yield. The company remains early-stage and risky.
Technology
IREN Shares Surge 5% as Investors Eye AI Cloud Revenue Milestones
IREN shares climbed 5.40% to $59.77 as investors assess the pace of revenue recognition from major AI cloud deals with Microsoft and Nvidia, with GPU deployment at Childress as the next catalyst.
Technology
Honeywell Edges Higher as Aerospace Spin-Off and Automation Strategy Take Shape
Honeywell shares edged up 0.54% to $220.31, with the June 15 record date and June 29 aerospace spin-off approaching, as the company targets $2-$4 billion automation acquisitions and 4-6% organic growth.
Markets
Quantum Cyber Drops on Dilution Fears After Drone Filament Unit Reveal
Quantum Cyber shares slipped after unveiling plans for a drone filament division, as a $250 million shelf registration raised dilution concerns.
Markets
MoneySimpler Enters Crowded AI Crypto Trading Bot Market
MoneySimpler launches an AI-driven trading platform for retail users, integrating crypto, forex, and equities. The move intensifies competition as vendors focus on AI features, but audited returns and user data remain undisclosed.
Crypto
Apollo and Blackstone Fuel Anthropic's $35B AI Compute Expansion Ahead of IPO
Apollo and Blackstone are funding a $35B AI compute expansion for Anthropic, which filed for an IPO after a $65B funding round valued it at $965B.
IPO
Honeywell Drops 3.6% as Split Concerns Mount Ahead of Investor Event
Honeywell shares slid 3.6% amid valuation worries and analyst downgrades ahead of its aerospace spin-off and investor meeting.
Markets