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OST News13 articles
Fox Stock Jumps 5% as Analysts Upgrade, Boosting Roku Deal Value
Fox shares climbed 5% after J.P. Morgan and Wells Fargo upgraded the stock, raising the implied value of its Roku offer to $162.60 per share.
CAVA Shares Surge 16% on Strong Traffic, Boosting Market Value by $1.13B
CAVA stock soared 16% after strong traffic and sales exceeded forecasts, lifting market value by $1.13B. Same-restaurant sales rose 9%, but margins slipped 60 bps.
Ambev's Cash Flow Jumps 54.5% in Q2, Boosting Payout Prospects
Ambev's Q2 cash conversion jumped to 73.9% from 49.6% a year ago, with operating cash flow up 54.5% to R$4.71B. Net finance costs fell, boosting profit. Shares were mixed on B3 and NYSE.
Nvidia Shares Rise on $1B Naver Deal Boosting AI Infrastructure
Nvidia shares rose 1% in premarket trading Monday after a $1 billion deal with Naver expanded its sovereign AI project pipeline, with potential for up to $9 billion in additional funding.
New Federal Loan Caps Create Funding Void, Boosting Private Lenders
The elimination of unlimited Grad PLUS loans leaves graduate students with a funding gap above new federal caps, opening opportunities for private lenders like SoFi and Sallie Mae.
Nike Stock Surges on $986M Tariff Refund Boosting Earnings
Nike shares jumped 2.4% after a $986 million tariff refund lifted earnings to $0.72 per share, but sales declines in key segments tempered optimism.
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.
CRH to Acquire Arcosa in $8.5B Cash Deal, Boosting US Infrastructure and Energy Exposure
CRH will acquire Arcosa for $150 per share in cash, valuing the company at $8.5 billion and expanding its U.S. infrastructure and energy transmission footprint.
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.
NIO Shares Rally as ES8 Sales Surge, Boosting Profit Outlook
NIO shares jumped 43.5 cents to $6.515 after April deliveries rose 22.8% to 29,356 vehicles, with the ES8 SUV accounting for 44% of volume. Q1 results are due May 21.
Google in Talks with Marvell for Custom AI Chips, Boosting Custom Silicon Race
Alphabet's Google is in discussions with Marvell Technology to design two new AI chips, according to a report. The move would deepen Marvell's role in the custom chip market for cloud giants.
Nvidia's Rubin AI Chip Launch Faces HBM4 Memory Hurdles, Boosting Blackwell
Nvidia's upcoming Rubin AI chip faces potential shipment delays from HBM4 memory bottlenecks, likely increasing Blackwell's 2026 high-end GPU share to over 70%.
Asia Imposes Fuel Curbs as Hormuz Crisis Escalates, Boosting Renewables
Asian governments have expanded emergency fuel measures as the prolonged Strait of Hormuz crisis keeps energy costs elevated, prompting rationing, tax cuts, and a pivot toward renewable energy sources.