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STT News30 articles
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.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
Huntington Bancshares Shares Rebound on 2027 EPS Outlook and Merger Synergy Details
Huntington Bancshares stock rose 0.5% Wednesday, recovering from a prior sell-off, as investors assessed its 2027 EPS target of $1.90-$1.93 and $435M in projected annual cost synergies from recent acquisitions.
BlackRock Shares Gain on Deutsche Bank Aladdin Integration and Fund Restructuring
BlackRock's stock rose 2.5% following an FX workflow automation partnership with Deutsche Bank and a consolidation of municipal closed-end funds. Investors await CFO commentary and key economic data.
AeroVironment Shares Slide on Restatement, SCAR Backlog Concerns
AeroVironment shares plunged 10.8% after an amended 10-Q showed a larger net loss and that $1.49 billion in SCAR options are no longer expected, sparking concerns over backlog quality.
QuantumScape Soars 16.5% on Honda Solid-State Battery Pact
QuantumScape shares jumped 16.5% to $8.04 after Honda R&D signed a multi-year joint research agreement for solid-state battery development, providing a major automaker endorsement.
Germany's Pension Reform Plan: Retirement Age to 68 by 2051, State Fund Proposed
Germany's pension commission recommends raising the retirement age to 68 by 2051 and establishing a state-run investment fund, challenging Chancellor Merz's coalition as aging population strains public finances.
QuantumScape Jumps 16.5% on Honda Solid-State Battery Pact
QuantumScape (QS) surged 16.5% to $8.04 after Honda R&D signed a multi-year solid-state battery research deal, adding a key automaker catalyst before the Juneteenth holiday.
Honda Partnership Fuels QuantumScape Stock Surge Amid Solid-State Battery Push
QuantumScape stock jumped 5.7% to $7.29 following a Honda R&D solid-state battery research agreement, but the company still lacks revenue and warns significant production is not imminent.
Sadot Group Shares Tumble 63% Amid Nasdaq Delisting Deadline and Real Estate Deal Concerns
Sadot Group shares fell 63.1% to $8.67 after a volatility halt, as the company faces a June 22 Nasdaq delisting deadline and a large stock-funded real estate option.
DOJ Approves Paramount-Warner Bros. Mega Merger, State and Global Reviews Loom
The U.S. Justice Department has cleared Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, but state, FCC, U.K., and EU reviews still pose hurdles.
Airgas Ordered to Reinstate 24 Ferndale Workers with Full Back Pay
An arbitrator ordered Airgas to reinstate 24 Ferndale workers with full back pay and benefits, ending a nearly year-long labor dispute.
Richtech Robotics Shares Tumble After Financial Restatement Announcement
Richtech Robotics shares dropped up to 10% premarket after disclosing errors in financial statements for 2024 and 2025, citing warrant liabilities and a SEPA. The company plans to restate results.
US States and Congress Tighten Crypto ATM Rules Amid $388M Scam Losses
Delaware advances a bill to ban crypto kiosks within 90 days, while North Carolina opts for regulation. New federal legislation targets scams, with FBI data showing over $388 million in losses.
ABAT Surges on Reinstated $115M DOE Lithium Grant
American Battery Technology (ABAT) shares surged over 29% premarket after the DOE reinstated a $115 million grant for its Nevada lithium refinery, fully restoring federal funding.
Paramount-Warner Merger Faces State Lawsuit Threat, WBD Shares Drop
Warner Bros. Discovery shares fell 3.6% on reports that states plan to sue to block the Paramount Skydance deal, widening the discount to the $31 cash offer.
Columbia Threadneedle Manager Buys LSEG, Dismisses AI Threat as Overstated
David Moss, manager of Columbia Threadneedle UK High Income trust, has bought shares in LSEG, dismissing AI fears as overblown. The trust trailed its benchmark with an 18.3% return.
Fidelity Bolsters Active ETF Team with State Street Hire
Fidelity International appoints Elisa Prezzavento as director of ETF product strategy, hiring from State Street to expand its active ETF lineup in Europe and Asia-Pacific.
Allstate Hit with $870M April Storm Loss Amid Growth Concerns
Allstate reported $870 million in April catastrophe losses, mostly from two wind and hail events, sending shares down 3.4% and overshadowing strong Q1 earnings.
Sivers Semiconductors Restates Losses, Delays Q1 Report Amid Nasdaq Dual-Listing Plans
Sivers Semiconductors restated its 2024 and 2025 accounts with wider losses and delayed its Q1 report to May 29 as it prepares for a potential Nasdaq New York dual listing.
New England States Target Self-Checkout with Legislative Caps
Massachusetts lawmakers advance a bill capping self-checkout stations at eight per store, with similar proposals in Rhode Island and Connecticut.
Alexandria Real Estate Drops 9% as Lab Leasing Woes Outweigh Profit Gain
Alexandria Real Estate shares tumbled 9% Tuesday as weak lab leasing trends overshadowed a net profit jump from debt repurchases, prompting a price target cut from BNP Paribas Exane.
Fox 4's Irving Studio Wins Dallas Real Estate Award, Signals Media Shift
Adolfson & Peterson Construction announced Fox 4's Irving studio won a Dallas Business Journal award. The 60,000-square-foot facility topped out, with move-in slated for December 2026.
Musk Found Liable for Misleading Statements in Twitter Buyout Saga
Elon Musk was found liable for misleading Twitter investors with public statements during the 2022 takeover battle. The jury rejected claims of an intentional fraud scheme, but damages could reach billions.
Eight States Sue to Block Nexstar's $6.2 Billion Tegna Acquisition
A coalition of eight states has filed an antitrust lawsuit seeking to halt Nexstar Media Group's proposed $6.2 billion acquisition of Tegna, arguing the deal would harm competition and raise costs for consumers.
Greene King Restructures Pub Estate, Sells 150 Sites Amid Leadership Shift
Greene King is undertaking a major restructuring, planning to sell 150 managed pubs and transition another 150 to leased or franchised models. The move follows a portfolio review and the departure of Pubs Managing Director Zoe Bowley.
Appeals Court Weighs State Social Media Bans, Snap Faces Teen Safety Scrutiny
A federal appeals court heard arguments Tuesday on state laws limiting minors' social media access, placing Snapchat parent Snap Inc back in the legal spotlight. Judges questioned whether Florida's under-14 ban and Georgia's age verification rules could be invalidated.
Treasury Wine Estates Plunges on Dividend Halt, Major US Write-Down
Treasury Wine Estates shares dropped 4.6% following its decision to pause dividend payments and post a substantial first-half net loss, driven by a major write-down in its US operations.
Real Estate ETFs Gain as Inflation Eases, Fed Minutes Loom
Real estate investment trusts and related ETFs advanced Friday as Treasury yields declined following lower-than-expected inflation figures. Investors now await Federal Reserve meeting minutes and key economic data.
Crypto Kiosk Fraud Prompts Regulatory Crackdown Across U.S. States
Americans lost over $333 million to cryptocurrency ATM scams in 2025, driving lawmakers in at least 15 states to propose stricter rules including registration mandates and enhanced warnings.