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REI News30 articles
Carnival Stock Recovers as Dividend, Fuel Costs and Restructuring Draw Attention
Carnival shares edged higher Wednesday, recovering from Tuesday's decline, as the market evaluates its dividend timeline, recent corporate simplification, and lingering fuel-cost exposure.
POET Technologies Surges 11% After Closing $400M Offering; Revenue Concerns Persist
POET Technologies shares climbed 11% to $14.55 after closing a $400 million direct offering, bouncing back from an 8% drop on dilution concerns. The company reported Q1 revenue of $503,389 and a net loss of $12.3 million.
Hasbro Beats Q1 Estimates on Magic: The Gathering Strength
Hasbro reported Q1 revenue of $1 billion and adjusted EPS of $1.47, both above forecasts. Magic: The Gathering fueled a 26% rise in Wizards and Digital Gaming revenue.
Meta Trims 8,000 Jobs in AI-Focused Restructuring
Meta Platforms begins laying off 8,000 employees, reassigning 7,000 to AI projects, as it shifts focus to artificial intelligence and raises 2026 capex to $145 billion.
Viavi Solutions Plunges on $500M Stock Offering for Debt Reduction
Viavi Solutions shares dropped 7.1% after-hours Tuesday after the company announced a $500 million stock offering to repay debt, potentially adding 10.1 million new shares.
Sunshine Biopharma Shares Swing Wildly After $6M Offering
Sunshine Biopharma shares experienced extreme volatility Monday after a $6M public offering, surging 516% before closing up 78% at $0.51.
UiPath Rebounds 6% Amid AI Agent Competition and Lingering Growth Doubts
UiPath shares gained 6.2% to $10.27 on Friday, yet remain down 37.3% year-to-date. RBC trimmed its price target to $12, and the analyst consensus is Hold ahead of May 28 earnings.
Babcock & Wilcox stock offering tests rally after 50% weekly surge
Babcock & Wilcox closes $200M stock offering at $18.50 after shares surged 50% on Q1 revenue growth and AI data center demand. Investors watch for dilution impact Monday.
Starbucks Faces Key Resistance After Announcing $400M Restructuring
Starbucks shares hover near 52-week highs after the coffee giant revealed a $400 million restructuring plan involving 300 corporate job cuts and regional office closures, part of CEO Brian Niccol's turnaround strategy.
Prediction Markets Signal No Fed Rate Cuts in 2026, Pressuring Stocks
Polymarket and Kalshi now see a 69% chance of no Fed rate cuts in 2026, as rising oil and yields pressure stocks. Key earnings from Nvidia, Walmart, and others will test the market next week.
Berkshire Exits UnitedHealth; Optum AI Monitoring Revealed
Berkshire Hathaway exited its UnitedHealth stake in Q1, reversing a position that had boosted sentiment. UnitedHealth also monitors Optum staff AI tool usage as it expands technology.
Navitas Semiconductor Raises $122M in ATM Offering Amid AI Power Push
Navitas Semiconductor raised $122 million through an ATM offering, leveraging AI power-chip hype. Q1 revenue fell to $8.6 million, while shares dropped 6.4%.
Murano Global Shares Surge Premarket Amid Nasdaq Compliance and Debt Restructuring
Murano Global shares surged 67% in premarket trading Friday, but the company still faces an Oct. 5 deadline to meet Nasdaq's $1 minimum bid rule and is working through debt restructuring.
Datavault AI Shares Surge Ahead of Q1 Earnings Amid $60M Offering and Crypto Bill Progress
Datavault AI shares rose to $0.5861 on volume over 65 million ahead of Q1 earnings, after a $60M stock offering and GPU edge network plans. A crypto bill vote adds to the buzz.
Cisco Stock Soars on AI Orders, Restructuring Plan
Cisco shares jumped as much as 22% in premarket trading after the company raised its sales forecast and announced a restructuring focused on AI, with $5.3 billion in AI orders from hyperscalers.
Navitas Shares Surge 10% After $122M ATM Offering Fuels AI Power Chip Push
Navitas Semiconductor raised $122M via an ATM offering, sending shares up 10.5% as it pivots to GaN chips for AI data centers and industrial uses.
GitLab Restructuring and AI Pivot Trigger Share Decline
GitLab Inc. will cut jobs and restructure global operations to invest in AI agents, sending shares down 9.6%. Raymond James downgraded the stock, citing execution risks.
POET Technologies Stock Rises After Appointing New COO to Lead Manufacturing Scale-Up
POET Technologies shares jumped 2.95% to $14.31 after appointing Sandeep Kumar as COO to lead manufacturing scale-up in Malaysia. The stock outperformed a down market as investors focus on production execution.
GameStop Shares Swing Wildly After Roaring Kitty X Account Posts Then Deletes Crypto Content
GameStop shares surged up to 13% after posts appeared on Keith Gill's Roaring Kitty X account, then erased gains as the posts vanished within an hour, sparking speculation the account was hacked.
Intel Shares Surge on Preliminary Apple Chip Manufacturing Deal
Intel shares surged 14% after a preliminary deal to manufacture chips for Apple was reported. The agreement could be a major win for Intel's foundry business.
Redwire Soars 20% on Record Backlog, ATM Offering Raises Dilution Concerns
Redwire shares jumped 20% on a record $498.1M backlog and reaffirmed 2026 revenue outlook, but a $350M stock offering plan tempers investor enthusiasm.
Fidelity Cuts 800 Jobs, Plans 5,300 Hires in Tech Restructuring
Fidelity Investments cuts 800 jobs as it restructures technology and product teams, while planning 5,300 new hires this year, including 2,000 early-career employees.
Avalo Therapeutics Soars 34% on $375M Offering Following Positive Phase 2 HS Data
Avalo Therapeutics shares surged 34% after pricing a $375M public offering, following positive Phase 2 results for abdakibart in hidradenitis suppurativa. The company aims to fund Phase 3 development.
Meta's AI Ambitions Tested by Soaring Costs and Legal Challenges
Meta shares slipped 0.9% as investors weigh $145B capex forecast against 33% ad revenue growth, while five publishers sue over AI training data.
Coinbase Cuts 700 Jobs in AI-Driven Restructuring
Coinbase is cutting 700 jobs to streamline operations and embrace AI, with restructuring costs estimated at $50-$60 million.
Datavault AI Shares Plunge 20% After $60M Stock Offering for GPU Network
Datavault AI shares fell ~20% after a $60M stock offering to fund its GPU edge network. The company also agreed to acquire CyberCatch Holdings in an all-stock deal.
Oracle Joins Elite Pentagon AI Program, Bolstering Cloud Credentials
Oracle has been chosen by the U.S. War Department to deploy advanced AI on classified military networks, joining a select group of tech firms. The move comes as Oracle seeks to prove its cloud AI capabilities to investors.
Soaring Gas Prices Revive EV Budget Debate as Average Hits $4.45
U.S. gas prices surged to $4.45/gallon, sparking renewed interest in electric vehicles despite a 27% Q1 sales drop. The average new EV price fell to $54,508, narrowing the gap with gas models.
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%.
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.