Author: Fiona Craig
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U.S. Regulators Reportedly Near Approval of Paramount’s Warner Bros. Discovery Deal (WBD)
U.S. antitrust authorities appear close to approving Paramount’s proposed $110 billion acquisition of Warner Bros. Discovery (NASDAQ:WBD), according to a report published Tuesday by Semafor citing sources familiar with the discussions. The report said senior executives from Paramount met with officials at the U.S. Department of Justice for roughly two hours, during which Paramount chief…
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Zscaler Shares Sink After Free Cash Flow Outlook Cut Overshadows Strong Q3 Results (ZS)
Zscaler (NASDAQ:ZS) shares tumbled more than 21% in premarket trading on Wednesday, extending an after-hours decline of nearly 17%, after the cybersecurity group reduced its full-year free cash flow outlook despite delivering better-than-expected fiscal third-quarter earnings. Investor concerns were further amplified by the departure of two senior sales executives and softer-than-expected preliminary growth guidance for…
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Stellantis Weighs Internal and Partnership Solutions for Future Alfa Romeo Platforms (STLA)
Stellantis (NYSE:STLA) is considering multiple approaches for the development of the platform architecture that will underpin future large Alfa Romeo vehicles, including both in-house solutions and potential collaborations with external partners. The update was provided by Emanuele Cappellano, chief operating officer of the automaker’s European operations. “There are a couple of possibilities (…) we can…
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Oil Retreats as Markets Await Clarity on U.S.-Iran Negotiations
Oil prices moved lower on Wednesday, giving back part of the sharp gains recorded in the previous session as investors monitored developments in negotiations between the United States and Iran following renewed military tensions that complicated efforts to reopen the Strait of Hormuz. Brent crude futures declined by $1.52, or 1.53%, to $98.06 per barrel…
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Micron Enters Trillion-Dollar Club as Markets Track Iran Talks and AI Boom: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved higher on Wednesday after a powerful rally in semiconductor shares pushed the S&P 500 and Nasdaq Composite to fresh record closes in the previous session. Investors continued to balance optimism surrounding artificial intelligence with uncertainty over negotiations aimed at ending the conflict between the United States and Iran. By 03:34 ET,…
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CSW Industrials tops forecasts as investors weigh outlook and margin pressures (CSW)
CSW Industrials (NYSE:CSW) reported fourth-quarter results on Tuesday that exceeded Wall Street expectations, although shares slipped 1.85% in premarket trading as investors evaluated the company’s outlook and mixed segment trends. Earnings and revenue come in above expectations For the quarter ended March 31, 2026, CSW Industrials posted adjusted earnings per share of $3.14, comfortably ahead…
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Aurora Mobile shares rise after returning to profitability and growing revenue (JG)
Aurora Mobile (NASDAQ:JG) reported first-quarter fiscal 2026 results on Tuesday that showed renewed profitability alongside continued revenue growth. The company’s shares gained 4.27% in premarket trading following the earnings release. Revenue increases as company returns to profit For the quarter ended March 31, 2026, Aurora Mobile posted adjusted earnings per share of $0.00, improving from…
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AutoZone shares decline after revenue misses forecasts despite profit beat (AZO)
Shares of AutoZone (NYSE:AZO) fell 3.95% in premarket trading after the company reported third-quarter results that exceeded earnings expectations but came in slightly below revenue forecasts. Earnings top expectations while revenue falls short For the quarter ended May 9, 2026, AutoZone posted adjusted earnings per share of $38.07, beating analyst expectations of $36.22 by $1.85.…
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Champion Homes tops quarterly estimates as investors weigh outlook concerns (SKY)
Champion Homes (NYSE:SKY) reported fiscal fourth-quarter 2026 results on Tuesday that came in ahead of Wall Street expectations, although the stock edged 0.62% lower in premarket trading as investors assessed the company’s outlook amid ongoing pressure in the housing market. Earnings and revenue exceed analyst forecasts For the quarter ended March 28, 2026, Champion Homes…
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D-Wave secures second-year funding for superconducting quantum computing project (QBTS)
D-Wave Quantum (NASDAQ:QBTS) announced that it has received second-year funding for its Improved Materials for Superconducting Qubits with Scalable Fabrication initiative from the Northeast Regional Defense Technology Hub. Funding awarded through Quantum Circuits subsidiary The funding was granted to D-Wave subsidiary Quantum Circuits LLC as part of four programs collectively awarded more than $25 million…