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As of May 9, 1:18 AM ET ·
OGS News30 articles
Capital One Faces Class Action Over Cancellation of Earned Credit Card Rewards
Capital One is sued for canceling earned credit card rewards after account closures, even when cardholders were not in default, with over $10,000 in rewards at stake.
Regulation
Dow Jones Slips Below 50,000 as Chip Stocks Drag, Focus Shifts to Jobs Data
The Dow Jones Industrial Average fell below 50,000 on Thursday as chip stocks retreated and investors awaited the monthly jobs report.
Markets
Publix Executive Chairman Todd Jones Steps Down, Retains Board Role
Publix executive chairman Todd Jones retires from the post after 46 years, remaining as board chairman. Q1 sales rose 2% to $16.1B, but net earnings dropped 21.5%.
Earnings
Axon Q1 Revenue Soars 34% on AI and Drone Demand, Guidance Raised
Axon Q1 revenue surged 34% to $807 million, beating estimates, as AI product revenue jumped over 700% and drone demand boosted outlook.
Earnings
One Stop Systems Surges on Q1 Revenue Beat; Memory Supply Risks Emerge
One Stop Systems reported a 55% revenue jump to $8.1 million, beating estimates, but flagged memory supply risks and customer concentration.
Earnings
Verizon Shifts Strategy: Ends Blanket Free Phone Offers, Targets Retention
Verizon CEO Dan Schulman ends blanket free phone and line offers, shifting to targeted retention. The carrier added 55,000 postpaid subscribers in Q1, its first positive Q1 since 2013.
Earnings
Shopify Shares Dip Despite $100B GMV Milestone; AI Costs Weigh
Shopify shares slid nearly 7% as Q1 operating income of $382M fell short of the $420M consensus, even as revenue jumped 34% and GMV surpassed $100 billion.
Earnings
IREN Shares Surge 10% on Sweetwater 1 Data Center Power Milestone
IREN Ltd shares rose more than 10% Monday after the company announced its Sweetwater 1 data center in Texas was energized and connected to the ERCOT grid, a key milestone ahead of its fiscal third-quarter earnings.
Technology
Uber Stock Holds BofA Buy Rating Ahead of Q1 Results; Robotaxi Strategy Nears Key Milestone
BofA Securities reaffirms its Buy rating on Uber Technologies (UBER) with a $103 price target, citing robust booking trends and autonomous vehicle progress ahead of Q1 earnings.
Earnings
Paul Tudor Jones Warns of Negative Decade Returns as Market Cap Hits 252% of GDP
Paul Tudor Jones warns the S&P 500 may deliver negative returns over the next decade as total U.S. stock market capitalization hits a historic 252% of GDP, exceeding pre-Great Depression and dot-com bubble levels.
Markets
Indonesia Caps Ride-Hailing Commissions at 8%, Pressuring Grab Ahead of Earnings
Indonesia slashed the maximum commission for ride-hailing platforms to 8%, pressuring Grab (GRAB) and GoTo's Gojek ahead of Grab's Q1 earnings. Grab shares fell 3.9%.
Regulation
Blackstone Launches AI Unit N1, Consolidating OpenAI and Anthropic Stakes
Blackstone Inc. launches Blackstone N1, a new AI-focused unit consolidating investments in OpenAI and Anthropic, while its $80 billion credit fund faces slowing inflows and rising redemptions.
Technology
Apple Shares Edge Lower Despite Strong Earnings as iPhone Constraints Loom
Apple beat Q2 earnings estimates with $111.2B revenue and $2.01 EPS, but shares fell 1% after hours as iPhone sales missed forecasts and chip supply remained tight.
Earnings
Capital One $425M Settlement: Payouts Set for July if No Appeal
A federal judge approved Capital One's $425 million settlement over 360 Savings accounts, with automatic payments set for around July 27 if no appeal is filed.
Regulation
Spirit Airlines Rescue Talks Stall as Bankruptcy Hearing Postponed
Spirit Airlines postponed its bankruptcy hearing as negotiations for a $500 million U.S. government rescue continue. Flights remain operational, but creditor opposition and surging fuel costs pose risks.
Markets
Hawaiian Airlines Joins oneworld as Alaska Integration Accelerates
Hawaiian Airlines has officially joined the oneworld alliance, adopting Alaska's AS flight code and Sabre reservation system as integration advances.
Markets
Capital One $425M Settlement Approved: Payouts Set for July 2026
A federal judge approved Capital One's $425 million settlement over 360 Savings accounts. Payouts to eligible customers are expected around July 27, 2026, with automatic payments and interest rate changes.
Regulation
Apple Stock Edges Up Ahead of Earnings; UBS Highlights iPhone Gains
Apple shares gained 1.1% to $270.59 on Tuesday ahead of earnings, as UBS lifted its price target to $287 on iPhone strength. The report is the first since the CEO transition announcement.
Earnings
Kratos Defense Slips 6.5% as Investors Await Profit from Drone and Space Contracts
Kratos Defense shares fell 6.5% to $61.26, cutting market cap to $10.6B, as investors question profit timing from new contracts including a $446.8M Space Force deal and Mk1 Firejet drone.
Markets
Blackstone, Related Digital Secure $16B for Oracle AI Data Center
Blackstone and Related Digital have secured $16 billion in financing for Oracle's AI data center in Michigan, but the project faces local and regulatory pushback over power, water, and transparency concerns.
Technology
AeroVironment's LOCUST Laser Test Drives Counter-Drone Narrative
AeroVironment's LOCUST laser system shot down multiple drones during a U.S. Navy test on the USS George H.W. Bush. Shares fell 2.8% to $196.28.
Technology
BlackRock Trims Archer Aviation Stake as eVTOL Firm Nears FAA Milestones
BlackRock disclosed a 6.9% passive stake in Archer Aviation, down from 8.1% in January, as the air taxi developer progresses toward FAA certification and a shareholder vote on moving to Texas.
Technology
BWX Technologies Acquires Precision Components to Bolster Nuclear Supply Chain
BWX Technologies acquires Precision Components Group, adding over 500,000 square feet of U.S. heavy-manufacturing capacity as nuclear supply chains tighten.
Markets
Hawaiian Airlines Joins oneworld Alliance, Deepens Alaska Air Integration
Hawaiian Airlines joined the oneworld alliance and switched to Alaska Airlines' Sabre reservations system, making the acquisition more visible to travelers with shared loyalty benefits and unified flight codes.
Markets
OneMedNet Rebounds on Insider Purchases, Palantir Platform Launch
OneMedNet shares climbed back above $1 following $1.5 million in insider purchases and the launch of its Palantir-powered iRWD data platform.
Technology
Capital One $425M Settlement Approved: Payouts Starting July 21
A federal judge approved Capital One's $425 million settlement over 360 Savings interest rates. Payments begin July 21 unless appealed.
Regulation
StoneCo Shares Tumble 16% After Ex-Dividend Date for $2.53 Special Payout
StoneCo (STNE) shares dropped 16.3% to $12.18 on Friday after trading ex-dividend for a $2.53 special cash dividend, totaling R$3.08 billion. The payout follows the sale of Linx and 2025 earnings growth.
Markets
Capital One $425M Savings Account Settlement Cleared for Payout
A federal judge granted final approval to Capital One's $425 million settlement regarding its 360 Savings accounts. Eligible customers from September 2019 through June 2025 could receive payments beginning July 21, barring any appeals.
Regulation
Boeing Showcases Chinook Drone Tech as Commercial Recovery Hinges on Q1 Earnings
Boeing is promoting advanced drone and autonomy features for its Chinook helicopter as investors await first-quarter earnings, with the commercial division's recovery and production targets under the microscope.
Earnings
Redwire Shareholders File to Sell $54M in Stock After Marine Corps Drone Win
Redwire Corp's top shareholders filed to sell up to 5.18 million shares worth nearly $54 million over two days, following news of a $20 million Marine Corps drone order. The stock fell 7.84% Friday to $10.34.
Markets