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RRGB News30 articles
MicroStrategy Surges After Hours on Bitcoin Rally, Unveils Preferred Stock Details
MicroStrategy shares climbed nearly 9% in extended trading Friday, mirroring a bitcoin price recovery. The company also detailed its new preferred stock offering and recent cryptocurrency acquisitions.
DraftKings Shares Plunge on Weak Long-Term Outlook, Prediction Market Costs Weigh
DraftKings shares fell sharply after the company's 2026 financial outlook disappointed Wall Street, driven by higher investment in its prediction markets venture.
Standard Chartered Shares Recover After CFO Departure, Digital Push
Standard Chartered shares rose 0.6% Friday, recovering part of Thursday's 4.7% drop. The bank appointed an interim CFO and unveiled a digital assets partnership.
Standard Chartered Partners with B2C2 to Enhance Institutional Crypto Access
Standard Chartered has entered a strategic partnership with crypto market maker B2C2 to expand institutional access to digital assets by connecting clients directly to the bank's payment and settlement infrastructure.
Humana Shares Decline on Reduced 2026 Profit Outlook Due to Medicare Star Ratings
Humana's stock fell nearly 2% after the health insurer projected 2026 adjusted earnings of at least $9 per share, significantly below analyst estimates, citing a $3.5 billion impact from lower Medicare Advantage star ratings.
Cloudflare Surges on AI-Powered Revenue Forecast, Beats Street Expectations
Cloudflare shares soared in premarket trading after the company issued a 2026 revenue outlook exceeding analyst estimates, driven by robust demand for AI agents and enterprise deals.
Marriott Shares Surge on Robust Luxury Travel and Credit Card Fee Projections
Marriott International stock climbed 8.5% to $359.35, nearing a record high, after forecasting a 35% rise in co-branded credit card fees and steady luxury demand. Hotel peers Hilton and Hyatt also advanced.
Reddit Shares Surge 5% as Analysts Recalibrate Following Strong Q4
Reddit stock climbed over 5% in afternoon trading, defying a flat broader market, as Wall Street analysts adjusted price targets following last week's robust earnings report and a new $1 billion share buyback authorization.
Western Digital Stock Tumbles 7% Amid Debt Redemption, Tech Sector Pressure
Western Digital shares dropped over 7% Tuesday after the company moved to redeem its 2026 senior notes, underperforming storage peers as weak retail sales and a sector downgrade weighed on tech stocks.
Salesforce Shares Gain Amid Reported Workforce Reduction Ahead of Earnings
Salesforce stock advanced about 1% Tuesday following reports of limited job cuts, with investors focusing on upcoming quarterly results for updates on AI strategy and cost management.
Reddit Shares Surge as Analysts Maintain $300 Targets Despite Engagement Concerns
Reddit stock climbed 6.5% after Citizens and Needham reaffirmed $300 price targets, though user engagement metrics show signs of softening. Broader markets edged higher ahead of key U.S. economic data.
Flutter Shares Gain Amid Analyst Target Cut and Prediction Market Scrutiny
Flutter Entertainment shares edged higher as UBS reduced its price target while maintaining a Buy rating. Investors await Q4 results and monitor regulatory challenges facing emerging prediction markets.
Standard Chartered CFO Exits Ahead of Earnings, Shares Drop Over 4%
Standard Chartered shares fell sharply after CFO Diego De Giorgi departed for Apollo, with the bank naming an interim finance chief weeks before its full-year results.
Kering Shares Surge on Better-Than-Feared Gucci Performance, Dividend Plan
Kering's stock rallied over 11% in Paris after reporting 2025 results, with Gucci's Q4 sales decline of 3% beating analyst expectations. The luxury group announced a €4 per share dividend and will present its strategic roadmap on April 16.
BP Halts Share Buybacks, Shifts Focus to Debt Reduction Amid Leadership Transition
BP shares dropped over 5% after the company suspended its quarterly share repurchase program, redirecting cash toward cutting debt and funding oil and gas projects ahead of a CEO change in April.
Credo Technology Surges on Upbeat Revenue Outlook, AI Demand in Focus
Credo Technology shares soared in premarket trading after the company issued a strong preliminary revenue forecast for its fiscal third quarter and projected over 200% growth for fiscal 2026.
Standard Chartered Shares Drop on Sudden CFO Departure Ahead of Earnings
Standard Chartered shares fell sharply in London trading after CFO Diego De Giorgi resigned immediately. The bank named an interim finance chief as investors await full-year results later this month.
British American Tobacco Shares Dip Ahead of Earnings Amid Buyback and Stake Reduction
British American Tobacco shares declined 0.4% as the company disclosed a share repurchase and a reduction in Capital Group's stake. Investors await preliminary 2025 results due Thursday.
BP Suspends Share Repurchases, Prioritizes Debt Reduction After $4.2B Impairments
BP has halted its share buyback program and will redirect excess cash to strengthen its balance sheet after reporting $4.2 billion in impairments and a $3.4 billion quarterly loss under IFRS standards.
ANZ Shares Drop Ahead of Key Earnings, Focus on Margins and Credit
ANZ shares fell 2.4% to A$36.71 as investors await the bank's first-quarter update Thursday and Commonwealth Bank's results Wednesday. Traders are scrutinizing net interest margins and potential credit stress.
Western Digital Gains After Bond Redemption, Focus Shifts to Buybacks and AI Demand
Western Digital shares advanced in after-hours trading following the early redemption of its 2026 senior notes, as the company emphasizes balance sheet management and shareholder returns.
Reddit Shares Recover as Analysts Recalibrate Following Mixed Q4 Results
Reddit stock gained 2% in morning trading, rebounding from last week's post-earnings decline. Analysts issued divergent price target revisions as investors assessed user growth and advertising momentum.
Western Digital Gains on Early Debt Redemption, Investors Eye Economic Data
Western Digital shares advanced 2.7% after the company secured funds to retire its 2026 senior notes ahead of schedule. Market participants are awaiting key U.S. employment and inflation reports this week.
UniCredit Shares Soar on Ambitious Profit Goals and Enhanced Shareholder Returns
UniCredit's stock surged over 6% after the bank lifted its profit targets and committed to returning €30 billion to investors via dividends and buybacks over three years.
Standard Chartered Taps Ex-UBS Banker for Wealth Push Ahead of Earnings
Standard Chartered shares gained slightly after appointing former UBS banker Raza Jafree as global head of private client sales. Investors await full-year results on Feb. 24 for updates on wealth business momentum.
AbbVie Gains on Moody's Credit Upgrade, Focus Shifts to Immunology Portfolio
AbbVie shares rose 2% to $223.43 after Moody's upgraded its credit rating to A2 with a stable outlook. Investors now watch demand and pricing for Skyrizi and Rinvoq amid Humira competition.
Standard Chartered Shares Gain Ahead of Key Results and Dividend Decision
Standard Chartered shares outperformed the FTSE 100, rising 1.87% to £18.82. Investors await the bank's full-year results and final dividend decision on February 24.
NXP Secures $3B Credit Facility as Chip Sector Rallies on AI Spending
NXP Semiconductors amended a $3 billion revolving credit line with Barclays, maturing in 2031, while the broader chip sector surged on AI investment signals from major tech firms.
AbbVie Shares Gain 2% to Close Near $223 Amid Earnings Volatility, Credit Upgrade
AbbVie stock rose 2% Friday, ending a turbulent week marked by earnings scrutiny and a Moody's credit rating upgrade. Investors remain focused on Skyrizi and Rinvoq growth amid competitive pressures.
SK Hynix Shares Dip Amid Tech Sell-Off Despite S&P Credit Upgrade
SK Hynix shares declined 0.36% to 839,000 won on Friday, extending a weekly loss of 8% as Asian tech stocks retreated, even after S&P upgraded its credit rating to BBB+ with a positive outlook.