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PRG News30 articles
SoFi Shares Jump 4.7% as Mastercard Program Goes Live on Blockchain
SoFi shares gained 4.7% after its full Mastercard card program transitioned to blockchain-based settlement using SoFiUSD, processing over $25B annually. Revenue impact remains undisclosed.
McDonald's Ties WoW Beta Access to Loyalty Program
McDonald's Australia is offering WoW: Forever beta keys for 1,000 MyMacca's points, a low threshold to boost app engagement. The promotion runs until Oct. 20.
Corning's $2B ATM Program: Modest Dilution, Big Flexibility
Corning's new $2 billion ATM program could dilute shares by ~1.4% at current prices, but the company retains flexibility on timing and size.
Oklo Slides 7% on New $1B ATM Program: Dilution Concerns Resurface
Oklo shares dropped 7% after launching a new $1B ATM program, raising dilution concerns despite a strong cash position. The company sold shares under a prior program at higher prices.
B2Gold Outperforms Gold Miners ETF on Goose Mine Ramp Progress
B2Gold (BTG) shares advanced 3.3%, outperforming the VanEck Gold Miners ETF (GDX) by 1.13 percentage points after the company provided updates on its Goose mine ramp, which is critical to meeting 2026 production guidance.
Intel Shares Slip 2.9% as 14A Defect Progress Offsets $2.1B Foundry Loss
Intel shares fell 2.9% to $89.47 despite faster-than-expected 14A defect density improvements, as the foundry segment posted a $2.09B Q2 loss.
Applied Optoelectronics Rebounds After New $600M Equity Program
Applied Optoelectronics shares gained 5% on Tuesday after announcing a third $600 million ATM program, despite dilution worries.
Teva Q2 Preview: Emalex Charge May Mask Underlying Progress
Teva's Q2 results face a $700M Emalex charge that could neutralize branded-drug growth, with consensus EPS near zero. Revenue is forecast at $4.058B.
SAVE Loan Program Exit to Shift $9 Billion Annually from Consumers
The end of the SAVE student loan program will redirect $9 billion annually in consumer funds as 7.5 million borrowers restart payments. Nelnet, Sallie Mae, and SoFi are key players.
Xiaomi Stock Falls as Firm Leaves 89% of Buyback Program Unused
Xiaomi shares slipped 1.55% on Friday after the firm left about 89% of its buyback program unused, signaling limited near-term price support.
QuantumScape Shares Slide 11% as PowerCo Program Cap Slashed Despite Billing Growth
QuantumScape tumbled 10.8% as a 42.3% reduction in the PowerCo program ceiling overshadowed a rise in first-half billings, which reached $21.8 million.
TrumpRx Program Shows Limited Big Pharma Impact
TrumpRx's 79 presidential deals cover just 10% of branded drugs from 17 pharma firms, far below the touted 800. Major drugs like Ibrance and Biktarvy are excluded, limiting investor risk.
Oil Surge Challenges Fed's Inflation Progress, Complicates Rate Path
A sharp 11% rally in oil prices over the past week is casting doubt on the Fed's ability to pause rate hikes, after June CPI showed a 0.4% drop driven by lower fuel costs.
California Label Law Blocked, but $5B Producer Program Persists
A federal judge halted enforcement of California's SB 343 recycling label law, but the state's $5 billion producer program under SB 54 continues, creating a complex landscape for packaging companies.
SemiLEDs Shares Leap 47% on Equipment Resale Boost, LED Sales Show Progress
SemiLEDs shares jumped 47% after equipment resales accounted for 94% of gross profit in Q3, while LED sales improved. Revenue surged to $9M, but customer concentration and going-concern risks remain.
Rolls-Royce Buyback Progress Fails to Lift Shares Despite Analyst Optimism
Rolls-Royce (LON:RR) fell 0.5% to 1,429p as its £1.34 billion buyback failed to support the stock. Jefferies raised its price target to 1,870p, but investors are waiting for a guidance hike.
Keel Infrastructure Stock Bounces as Leasing Progress Becomes Key Test
Keel Infrastructure shares rebound 9% in two days, but a wide valuation range underscores the uncertainty around converting power capacity into long-term data-center leases.
Shopify's Buyback Program Takes Center Stage as July Begins
Shopify shares gained 2.2% in a holiday-shortened week, with the company's $3.55 billion buyback program drawing investor attention. The stock ended Thursday at $119.46.
Progress Software Q2 Beats Estimates, But License Revenue Surge Raises Recurring Revenue Concerns
Progress Software beat Q2 estimates with 7% revenue growth, but license sales outpaced recurring revenue, leading to an after-hours stock decline.
Crypto Sell-Off Deepens as AI Stocks Lure Investors; Gold Miner i-80 Reports Progress
Cryptocurrencies dropped nearly 9% as AI stocks gained favor. i-80 Gold released drill results, NSE plans a major IPO, Vizsla Silver advances its mine strategy, and US-Iran tensions keep oil steady.
Plug Power's Cash Position and Project Progress Under Scrutiny
Plug Power shares closed at $2.85, up 7.55% on Thursday, but the market's focus remains on liquidity challenges and the company's ability to monetize projects.
Intel Hits Record High on Apple Foundry Deal, Foundry Progress
Intel shares closed at an all-time high of $133.99 after President Trump revealed Apple will work with Intel on chip design and manufacturing in the U.S., boosting confidence in Intel's foundry ambitions.
Plug Power Shares Climb Amid Focus on Liquidity and Margin Progress
Plug Power shares rebounded 3.7% to $2.81 as the market assessed its liquidity improvements and margin gains from the first quarter.
Archer Aviation's Cash Burn and FAA Progress Keep Shares in Check
Archer Aviation shares hover near $5.45 as the company enters Phase 4 of FAA certification for its Midnight eVTOL, while Q1 losses and cash burn remain key concerns.
Archer Aviation Rises 9% on Broad Market Rally, FAA Progress Key
Archer Aviation shares surged 9.25% to $5.55 on Monday, driven by a broad market rally rather than company-specific news, with investors watching FAA certification and Q2 results.
NextEra Energy Gains on Dominion Merger Progress and AI Demand
NextEra Energy shares rose 1.36% Friday, outperforming the market, as investors focus on the Dominion Energy merger approval path and rising power demand from AI.
Moderna Stock Surges 8% Amid Nasdaq Rally, Cancer Vaccine Progress in Focus
Moderna shares surged nearly 8% to $49.64, tracking a broad Nasdaq rally. Investors are focused on the company's mRNA cancer vaccine pipeline after UK regulators cleared a new trial for Lynch syndrome.
Archer Aviation Steadies After ARK Invest Trims Stake, FAA Progress in Focus
Archer Aviation shares edge up 0.5% to $5.08 as ARK Invest sells 2.2 million shares. Focus remains on FAA certification, cash position, and Q2 loss guidance.
Outlook Therapeutics Surges on FDA Review Progress for Lytenava
Outlook Therapeutics shares surged 26% to $0.89 as the FDA began a 60-day review of Lytenava after a successful appeal, though the stock faces Nasdaq delisting and dilution risks.
Constellation Energy Slips Amid AI-Power Stock Selloff Despite Three Mile Island Progress
Constellation Energy shares fell 3.3% despite FERC approval for the Crane Clean Energy Center, as AI-linked power stocks faced broad selling. NRC decision in September is key.