ADVFN US – Market Content Editor
-
Lumentum swaps $474.6 million in convertible notes for roughly 5.7 million shares
Lumentum Holdings Inc. (NASDAQ:LITE) said it has reached exchange agreements with certain holders of its convertible debt to issue about 5.7 million shares of common stock in return for $474.6 million in outstanding convertible notes. The exchange covers around $264.8 million of the company’s 0.50% Convertible Senior Notes maturing in 2026 and approximately $209.8 million…
-
Vistance Networks announces $10 per share special dividend
Vistance Networks (NASDAQ:VISN) said its board has approved a special cash distribution of $10.00 per share, according to a company announcement. The payment will be made on April 27, 2026, to shareholders on record as of April 17, 2026. The Richardson, Texas–based networking solutions company plans to finance the payout using available cash reserves, including…
-
NANO Nuclear proposes uranium processing project in Argentina
NANO Nuclear Energy Inc. (NASDAQ:NNE) said it has submitted a private proposal to Argentina’s state-owned nuclear company Dioxitek S.A. to explore the joint development of a natural uranium hexafluoride production facility. The plan would involve constructing the facility using Dioxitek’s existing infrastructure in Argentina. Dioxitek currently operates as the country’s only supplier of feedstock for…
-
Levi Strauss jumps 8% after strong Q1 results and higher outlook
Levi Strauss & Co. (NYSE:LEVI) posted first-quarter results that came in above Wall Street expectations, reporting adjusted earnings per share of $0.42, exceeding forecasts by $0.05, while revenue reached $1.7 billion compared with analyst estimates of $1.65 billion. Shares of the denim group climbed more than 8% in premarket trading on Wednesday as of 05:15…
-
U.S. airline stocks rise in premarket as oil slides after Iran ceasefire deal
U.S. airline shares moved sharply higher in premarket trading on Wednesday as oil prices dropped following a conditional ceasefire agreement between the United States and Iran, easing tensions that had unsettled energy markets for more than five weeks. Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) gained between 6% and 8% before…
-
Oil slides sharply after Trump announces Iran ceasefire and pledges support for Hormuz shipping
Oil prices dropped steeply on Wednesday after U.S. President Donald Trump agreed to a two-week ceasefire with Iran and said Washington would assist in clearing shipping congestion in the Strait of Hormuz. Brent crude futures — the global oil benchmark — were down 13.6% to $94.40 per barrel by 05:15 ET (09:15 GMT). U.S. West…
-
Gold reaches three-week peak after Trump announces Iran ceasefire
Gold prices moved to their highest level in three weeks on Wednesday as the U.S. dollar weakened following President Donald Trump’s announcement of a two-week ceasefire with Iran, cancelling previously planned strikes on Iranian civilian infrastructure. Spot gold climbed 2.7% to $4,832.51 per ounce by 02:36 ET (06:36 GMT), marking its strongest level since March…
-
Futures surge, oil tumbles after Iran ceasefire deal – what’s moving markets: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to the major U.S. stock indices jumped sharply after the United States and Iran reached a temporary ceasefire in their conflict, which has lasted more than a month. Tehran’s agreement to permit safe tanker traffic through the Strait of Hormuz has also eased concerns over potential global energy supply disruptions, sending crude prices…
-
Snap, NEO Battery, Saab – Something Big Is Brewing Here
Snap Inc. – Back to an all-time high? Investor steps on the gas Is a massive rebound on the horizon for the social media company? At least in recent trading days, Snap stock caused a stir and shot up a whopping 22%. The rally was triggered by the entry of activist investor Irenic Capital Management, which…
-
Stocks Pare Early Losses as Ceasefire Hopes Offset Iran Deadline Jitters
Wall Street staged a late-session recovery on Tuesday as geopolitical developments helped markets claw back the bulk of a sharp morning sell-off. Stocks had opened firmly in the red as traders braced for President Trump’s approaching deadline for Iran to reopen the Strait of Hormuz, but a request from Pakistan for a two-week extension of…