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TATT News30 articles
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.
Dow Climbs as Caterpillar Breaks $1,000; Tech Slumps on AI Rotation
The Dow Jones rose 145 points, powered by Caterpillar crossing $1,000 for the first time, as a Chevron-Microsoft power deal drove rotation from tech to industrials. The Nasdaq fell over 1%.
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.
Bank of America Digital Outage Disrupts Customer Access, Poses Reputational Risk
A Bank of America digital banking outage on Saturday left over 5,000 customers unable to log in, highlighting the risks of heavy digital reliance for the bank's 59 million users.
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.
Dow Breaks 52,000 as Rotation Out of Tech Lifts Financials; Fed Decision in Focus
The Dow Jones Industrial Average closed above 52,000 for the first time, while the Nasdaq slid on tech weakness as investors rotated into financials and industrials ahead of the Fed's rate decision.
Dow Hits Record 52,000 as Rotation From Tech Fuels Rally
The Dow Jones Industrial Average surged to a record close above 52,000 on Tuesday, as investors shifted from technology stocks into financial and industrial names ahead of the Federal Reserve's policy decision.
JPMorgan Stock Rallies as Oil Drop Fuels Financial Sector Rotation
JPMorgan Chase shares jumped 3.3% to $330 as sliding oil prices and easing inflation fears sparked a rotation into financial stocks, pushing the Dow to a record high.
Russian Fuel Supply Tightens Amid Ukrainian Drone Strike and Tatneft Restrictions
Tatneft restricts fuel sales at its stations after a Ukrainian drone strike hits a key Moscow refinery, with wholesale gasoline and diesel prices surging 10% in early June.
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.
SpaceX IPO Triggers Sector Rotation Away from Smaller Space Stocks
SpaceX's IPO surged 19% to $160.95, sparking a broad selloff in space stocks as investors rotated capital. Rocket Lab fell 10.8%, AST SpaceMobile dropped 15.5%.
Redwire Shares Tumble on $500M ATM Dilution Fears; Space Sector Rotates
Redwire shares plunged 11.6% on heavy volume after unveiling a $500 million ATM equity program, sparking dilution fears amid a broader rotation out of smaller space stocks following SpaceX's market debut.
SpaceX IPO Propels Musk to Trillionaire Status
SpaceX's historic IPO raised $75 billion, the largest ever, and pushed Elon Musk's net worth above $1 trillion, making him the world's first trillionaire.
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.
Sam's Club Santa Clarita Fuel Station to Close for Three Months
Sam's Club's Santa Clarita fuel station will close from June 15 to Sept. 18 for upgrades, adding new pumps. The main warehouse stays open, but members need alternative gas options.
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.
London Stocks Slip as Oil Surge Offsets Tate & Lyle Deal Boost
The FTSE 100 slipped 0.28% as a jump in oil prices boosted energy stocks but weighed on airlines and tech, while Tate & Lyle soared 13% on a £2.7bn cash takeover by Ingredion.
Eli Lilly Faces Market Test After Retatrutide Shows Broad Health Benefits
Eli Lilly's new obesity drug retatrutide showed 28.3% weight loss and improvements in sleep apnea and knee pain. The stock faces a key test Monday amid competing data from rivals.
Broadcom Tumbles as AI Chip Forecast Falls Short of Lofty Expectations
Broadcom shares fell nearly 20% last week after its AI-chip revenue forecast fell short of Wall Street expectations, sparking a broad semiconductor selloff and raising doubts about AI stock valuations.
Eli Lilly Hits Record Close on Retatrutide Data; Market Awaits Monday
Eli Lilly shares closed at a record $1,131.42 Friday after retatrutide data showed significant reductions in sleep apnea and knee osteoarthritis pain. Investors eye Monday's trade for market reaction.
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.
Broadcom Stock Slips After AI Revenue Forecast Misses Expectations
Broadcom shares fell after its AI chip revenue forecast of $16 billion missed Wall Street estimates, despite strong year-over-year growth.
Goldman Sachs Surge Lifts Dow to Record High Amid Financial Sector Rotation
Goldman Sachs shares surged 4.6% to $1,095.89, pushing the Dow to a record high as financial stocks rallied. The bank's lead underwriting of SpaceX's $75B IPO and solid Q1 results boosted sentiment.
Dow Surges as Rotation Out of AI Lifts Healthcare and Financials
The Dow rallied over 700 points as money flowed into healthcare and financials, while AI and chip stocks slumped. Oil dropped nearly 3% ahead of the jobs report.
Arm's AI Chip Revenue Target Nears as Demand Surges Beyond Expectations
Arm CEO Rene Haas says demand for its AI data-center CPU is outpacing forecasts, with customers like ByteDance and Oracle. Shares jumped 15.73% to an all-time high as Nvidia launched an Arm-based PC chip.