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WFG News30 articles
NatWest Holds Gains as Rate Hike Bets Outpace Bank's Forecast
NatWest shares held most of Monday's surge as rate hike bets outpace the bank's 2026 forecast. Investors eye July 31 results for income guidance and loan impairment risks amid UK slowdown and possible tax increases.
Western Digital Surges on AI Storage Demand and Sandisk Exchange Completion
Western Digital surged 4.86% to $746.23, driven by AI storage scarcity and the completion of the Sandisk share exchange, adding $11.9B in equity value.
Southwest Airlines Targets 2028 for AWS Cloud and AI Transformation
Southwest Airlines plans to shift core systems to AWS cloud and AI by 2028, supporting its commercial overhaul to assigned seats and bag fees. Shares dipped 1.6%.
Western Digital Shares Surge on Morgan Stanley Upgrade, AI Storage Demand
Western Digital shares surged 16% after Morgan Stanley lifted its price target to $650, citing strong nearline enterprise storage demand and AI-driven HDD pricing power.
AI Storage Demand Drives Morgan Stanley to Boost Western Digital Target to $650
Morgan Stanley lifted its Western Digital price target to $650, citing AI data-center storage demand. WDC shares surged 13% as 2026 HDD capacity is fully booked.
West Marine Shutters 59 Stores Amid Chapter 11 Restructuring, Executive Bonuses Draw Scrutiny
West Marine closes 59 stores in 23 states as part of Chapter 11 restructuring, with $1.075 million in retention bonuses paid to executives shortly before filing.
West Marine to Close 59 Stores, Executive Bonuses Draw Scrutiny
West Marine is closing 59 stores in 23 states amid Chapter 11 bankruptcy, having paid $1.075 million in executive bonuses just before filing. The company owes over $65 million to top vendors.
Southwest Airlines Eyes Long-Haul International Expansion to Boost Revenue
Southwest Airlines is expanding its network with new leisure routes and long-haul international ambitions, targeting eight to 12 destinations within five years to drive growth after record Q1 results.
Western Digital Soars to Record on HDD Demand for AI Data Centers
Western Digital shares surged 10% to a record $532.74 after Evercore ISI boosted its price target to $575, highlighting the critical role of HDDs in AI infrastructure.
UK mortgage rates diverge as NatWest hikes, Barclays and Santander cut
NatWest increases selected mortgage rates by up to 24 basis points, while Barclays and Santander reduce some high-LTV products. The Bank of England base rate remains at 3.75%.
Western Digital Surges as AI Storage Demand Fuels Rally
Western Digital shares jumped 3.5% as AI storage demand drives the stock higher. The company's pure-play HDD focus and strong earnings outlook support the rally.
Western Digital Rises on AI Storage Demand and Sandisk Divestiture Progress
Western Digital shares gained 3.5% as the company continues its Sandisk exit and reports strong AI-driven HDD demand. Q3 revenue hit $3.34B, up 45% YoY, with Q4 guidance above expectations.
Mizuho Boosts Micron, Western Digital Targets on AI Memory Demand
Mizuho Securities boosted price targets for Micron and Western Digital, citing AI-driven memory demand. Micron shares rose 4.2% premarket.
Western Digital Surges on AI Storage Demand, Dividend Hike
Western Digital shares rose 6% to $469.44 after fiscal Q3 revenue surged 45% to $3.34 billion, beating estimates. AI-driven cloud storage demand and a 20% dividend hike boosted sentiment.
Cameco Q1 Report: Uranium Prices, Westinghouse Stake in Focus
Cameco reports Q1 results May 5. Shares fell Friday; investors watch uranium pricing, delivery schedules, and Westinghouse stake.
KeyCorp Expands into Western Europe with Clearwater UK Acquisition
KeyCorp acquires Clearwater UK, marking its first Western Europe advisory platform. The deal, expected to close in late 2026, expands KeyBanc's M&A and debt advisory capabilities.
Western Digital Shares Climb on Seagate's Strong AI Storage Outlook
Western Digital (WDC) shares surged 9.3% after Seagate's (STX) strong quarterly outlook boosted the storage sector, highlighting AI-driven demand for HDDs.
Deere's New Plants and Recall: A Fraction of Midwest Job Cuts
Deere announces two new U.S. facilities creating 300 jobs and recalls 324 workers, but the moves are dwarfed by over 2,100 layoffs in 2024 amid weak farm demand and tariffs.
Anta's Global Ambitions: From Chinese Roots to Western Rivalry
Anta Sports reports strong 2025 revenue growth, acquires a stake in Puma, and opens a U.S. flagship, challenging Nike's dominance in China and global markets.
Western Union Q1 Profit Plunges 48%, Digital Growth Fails to Offset Retail Drag
Western Union's Q1 profit sank 48% to $64.7M, missing estimates, as retail remittance weakness offset digital gains. Revenue was flat at $982.7M.
Westpac to Exit SEC Oversight in 2026, Maintains U.S. Debt Market Access
Westpac Banking Corp intends to terminate its SEC registration around May 2026, halting routine U.S. disclosures but preserving its ability to raise U.S. dollar funding through private debt markets.
Rio Tinto and Western Australia Launch $1.1B Desalination Venture
Rio Tinto and the Western Australian government have established a 50:50 joint venture to construct a A$1.1 billion seawater desalination plant near Dampier. The expanded facility will provide 8 gigalitres of water annually to local towns and mining operations.
Westpac Drops as RBA Hints at March Hike, Strong GDP Fuels Rate Fears
Westpac Banking Corp shares declined 1.9% to A$40.99 after the Reserve Bank of Australia signaled a potential March interest rate increase. The drop followed stronger-than-expected GDP data for the December quarter, which heightened market concerns about persistent inflation.
Western Digital Leads Tech Rout as Oil Spike Sparks Inflation Fears
Western Digital shares tumbled roughly 6% on Tuesday, leading a decline in data storage stocks as a spike in oil prices fueled inflation concerns and rattled the broader market. A regulatory filing also showed a planned insider sale.
NatWest Shares Slide Amid Oil Spike, UK Fiscal and Monetary Policy in Focus
NatWest Group shares dropped 2.3% in early London trading, tracking a broad decline in bank stocks as rising oil prices fueled inflation concerns. Market attention is fixed on the UK's spring budget update and the upcoming Bank of England policy meeting.
NatWest Shares Slide Amid Oil-Driven Bank Selloff, Fiscal and Monetary Policy in Focus
NatWest Group shares declined 2.3% in early London trading, tracking a broad selloff in bank stocks as rising oil prices stoked inflation concerns. Market attention is fixed on the UK government's fiscal update and the upcoming Bank of England policy meeting.
Westpac Steady at A$41.80 Amid RBA Rate Hike Jitters and GDP Wait
Westpac Banking Corporation shares closed unchanged at A$41.80 following a volatile session for Australian banks. The market steadied after Reserve Bank Governor Michele Bullock signaled a potential interest rate increase at the March meeting.
Westpac Steady at A$41.80 as RBA Hints at March Rate Hike, GDP Data Awaited
Westpac Banking Corporation shares closed unchanged at A$41.80 following RBA commentary that raised the risk of an interest rate increase in March. Market focus now shifts to upcoming GDP figures.
Western Digital Stock Dips Amid 32TB Drive Shipment Data, AI Demand Focus
Western Digital stock declined approximately 3% during Monday trading, underperforming broader indices. The company disclosed it shipped 3.5 million units of its high-capacity 32TB nearline hard drives in the previous quarter.
Western Digital Stock Dips Amid 32TB Drive Shipments, AI Demand Focus
Western Digital stock declined roughly 3% in Monday trading, underperforming the broader market. The company's sales director disclosed shipments of 3.5 million high-capacity 32TB hard drives last quarter.