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RENT News30 articles
Lime Parent Neutron Holdings Rises 4% in Nasdaq Debut
Neutron Holdings (Lime) closed its Nasdaq debut at $26.00, a 4% gain from its $25 IPO price, with a modest first-day performance.
Hormuz Tanker Imbalance Sparks Oil Glut Fears as Brent Edges Higher
Brent crude rose 0.6% to $72.44 as U.S.-Iran strikes disrupted Hormuz shipping, but a growing tanker imbalance—four ships leaving for every one arriving—raises glut risks and threatens supply restart.
Coherent Surges 9% on AI Optics Demand, CHIPS Act Signals Indium Phosphide Boost
Coherent shares rose 9.2% to $425.38 on a CHIPS Act letter for up to $50M to expand indium phosphide capacity in Texas, highlighting AI data center supply chain concerns amid China's export checks.
Hedge Funds Pile on Brent Shorts as Iran Talks Fuel Supply Fears
Brent crude plunged nearly 4% to $79.10 as hedge funds built the largest short position since the pandemic, betting on increased supply from revived U.S.-Iran talks.
Coherent Rises on CHIPS Act Funds, Supply Risk Looms
Coherent shares rose 2.8% after receiving up to $50 million in CHIPS Act funding for its Texas facility, while China's indium export checks pose supply risks.
Coherent Stock Slips Despite $50M CHIPS Grant; AI Optics Demand in Question
Coherent shares slipped 1% to $378.85 despite a $50M CHIPS grant for its Texas InP plant, as high valuation and supply risks overshadow AI optics demand.
Qualcomm Gains on Potential $10B Tenstorrent Acquisition
Qualcomm shares jumped 4.3% to $220.81 after reports of potential $8-10 billion acquisition of AI chip startup Tenstorrent, signaling push into AI infrastructure.
Coherent Surges on AI Demand and Nvidia Investment
Coherent shares soared 17% to $425.44 after strong Q3 results and renewed AI infrastructure demand, fueled by Nvidia's $2 billion investment.
United Rentals Approaches $1,000 as Institutions Boost Stakes
United Rentals trades near $1,000 after institutional filings reveal increased stakes. Q1 rental revenue rose 8.7% to $3.42B; 2026 guidance raised.
Brent Crude Tumbles as US-Iran Hormuz Truce Hopes Spur Weekly Rout
Oil prices suffered their biggest weekly loss since April as traders bet on a US-Iran ceasefire to reopen Hormuz. Brent settled at $92.05, with EIA data showing a 3.3 million barrel crude draw.
Coherent Stock Slips 6.6% Amid Profit-Taking in AI Optics Sector
Coherent Corp. (COHR) dropped 6.6% to around $352 on Friday, even as the broader market rose, signaling profit-taking in AI optics stocks.
Qualcomm Strikes AI Chip Deal with ByteDance, TikTok's Parent
Qualcomm will supply custom AI data-center chips to ByteDance, TikTok's parent, as per reports. ByteDance plans to spend over $30 billion on AI infrastructure this year.
Brent Crude Surges Past $99 on Renewed Iran Tensions
Brent crude rose 3.6% to $99.64 on renewed US-Iran tensions, while WTI fell 3.7% to $93.09. The Strait of Hormuz remains partially closed, keeping supply risks elevated.
Coherent Stock Nears $378; Key Test After Holiday
Coherent shares ended Friday at $377.57, down 0.1%, underperforming the broader market ahead of Memorial Day. The stock faces a key test Tuesday.
Brent Crude Surges Past $105 on Hormuz Supply Concerns
Brent crude rose 3.2% to $105.88 on Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. The IEA warned of a potential supply red zone by August.
TJX Shares Jump After Parent Company Raises Annual Guidance
TJX Companies raised its fiscal 2027 sales, earnings, and buyback targets after a better-than-expected Q1, sending shares up 3.6% premarket.
Brent Crude Breaches $109 as Strait of Hormuz Tensions Fuel Weekly Gains
Brent crude ended the week at $109.26, WTI at $105.42, both up over 7%. Ongoing Strait of Hormuz disruptions and a 250 million barrel drop in global inventories have traders focused on next week's U.S.-Iran talks and inventory data.
Brent Oil Nears $109 as Strait of Hormuz Tensions Persist
Brent crude climbed to near $109 a barrel as U.S.-Iran tensions kept the Strait of Hormuz largely closed, with only 30 vessels crossing daily. Falling U.S. inventories and Ukrainian refinery strikes added to supply concerns.
BofA Raises Coherent Target to $400 on AI Optical Demand
BofA increased Coherent's price target to $400, highlighting AI-driven demand for 800G and 1.6T optical transceivers. Revenue jumped 21% to $1.81B. Neutral rating kept.
Brent Crude Holds Near $107 as Strait of Hormuz Risks Persist
Brent crude holds near $107 amid OPEC output at 20-year low and Strait of Hormuz disruptions. Traders weigh supply risks against demand concerns.
Coherent Bounces Back as AI Data Center Demand Drives Capacity Expansion
Coherent shares rebounded 5.03% to $335.26 on Friday, recovering from a post-earnings slide, as AI data-center demand and a $2 billion Nvidia deal drive capacity expansion.
Coherent Stock Jumps on AI Demand, Margin Challenges Linger
Coherent Corp shares gained 5.03% to $335.26 after forecasting Q4 revenue above estimates, driven by AI data-center demand. Margin improvements and supply constraints remain key challenges.
Brent Crude Drops 6% as Geopolitical Risks and Supply Constraints Loom
Brent crude fell 6% to $101.29, with WTI at $95.42, as China imports plunged 20% and OPEC+ raised quotas. Analysts eye $120 risk from Middle East tensions.
Gold Surges to $4,720 as Geopolitical and Economic Crosscurrents Drive Rally
Gold rallied 2.3% to $4,719.68 on a softer dollar and easing Iran tensions, but faces resistance near $4,780-$4,900 as Fed policy and geopolitical risks loom.
Indian Markets Plunge as Brent Crude Breaches $100, Sensex Drops 665 Points
Indian equity markets tumbled on Friday as Brent crude topped $100 a barrel, with the Sensex falling 665 points and the Nifty slipping below 24,150. The rupee also weakened, adding to investor concerns.
Brent Crude Tumbles Below $100 as Hopes for US-Iran Agreement Rise
Brent crude dropped below $100 on Thursday as traders anticipated a US-Iran deal could reopen the Strait of Hormuz. WTI fell 1.9% to $93.15, and US distillate exports hit a record 1.9 million bpd.
Brent Crude Dips Below $100 as Iran Talks Progress, Supply Constraints Persist
Brent crude slipped below $100 as traders weigh Iran peace talks, but U.S. inventories fell sharply, distillate stocks hit 2005 lows, and Asian fuel exports plunged, keeping supply concerns front and center.
Coherent Stock Dips Despite Strong AI-Driven Q3 Results
Coherent Corp. shares dropped 6% after hours despite beating Q3 revenue estimates at $1.81B, driven by AI infrastructure demand. Wall Street focused on weak cash flow and margin misses.
Spirit Airlines Parent Files for Asset Liquidation After Shutdown
Spirit Aviation Holdings files for asset sale after Spirit Airlines ceases operations. JetBlue and Frontier expand routes to capture stranded travelers.
Coherent Corp. Eyes AI Optics Growth as Earnings Approach
Coherent shares rose 3.1% to $329.50 ahead of fiscal Q3 results on May 6. The key test: can AI optics demand sustain growth without hurting margins?