Author: Fiona Craig
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Tesla China Sees 15% Drop in May Shipments
Tesla (NASDAQ:TSLA) China shipments fell 15% year-over-year in May to 61,662 units, according to a preliminary report from the China Association of Automobile Manufacturers. Despite a year-over-year decline, the electric vehicle maker reported a 5.5 percent increase in sales compared to April. The report also highlighted an estimated growth in wholesale shipments of new energy vehicles.…
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Truth.Social Advances Bitcoin ETF Plans Amid Growing Crypto Involvement
Truth.Social, the media platform owned by former U.S. President Donald Trump, has taken a key step toward launching its own Bitcoin exchange-traded fund (ETF), according to a Tuesday filing with the New York Stock Exchange. NYSE Arca submitted a Form 19b-4 seeking regulatory approval to list the ETF, which would directly track the price of…
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Trump Raises Tariffs on Steel and Aluminum as Markets Weigh Trade Tensions, ADP Jobs Data, and Retail Earnings – What’s Moving The U.S. Markets
U.S. stock futures remained largely flat on Wednesday morning, as markets digested escalating trade tensions following President Donald Trump’s decision to significantly increase tariffs on steel and aluminum imports. The policy move comes amid broader uncertainty about global trade dynamics and investor anticipation of key economic data, including the ADP private payrolls report and retail…
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Kratos Shares Gain on Strategic Alliance with GE Aerospace for Next-Gen Propulsion
Kratos Defense & Security Solutions (NASDAQ:KTOS) saw its shares rise 1.6% after announcing a formal partnership with GE Aerospace (NYSE:GE) aimed at developing next-generation propulsion technologies for unmanned and collaborative combat aircraft systems. Building on an earlier Memorandum of Understanding, the new teaming agreement formalizes collaboration between the two companies to co-develop and produce cost-effective,…
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Kenvue Shares Drop Amid Sluggish Seasonal Sales and Retail Headwinds
Kenvue Inc. (NYSE:KVUE) saw its stock decline by 5.3% after CEO Thibaut Mongon shared a cautious outlook during the dbAccess Global Consumer Conference, citing underwhelming seasonal demand and retail de-stocking as key concerns. Mongon noted that the company’s allergy and sun care products have seen a weaker-than-expected performance so far this year, largely due to…
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Incyte Shares Jump After EHA Conference Accepts Key Research Presentations
Incyte Corporation (NASDAQ:INCY) saw its stock surge 7% after the company announced that multiple research presentations, including late-breaking clinical data, have been accepted for the upcoming European Hematology Association (EHA) Annual Congress. Among the highlights is a highly anticipated oral presentation revealing new findings on INCA033989, a monoclonal antibody targeting mutant calreticulin (mutCALR), in patients…
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Gilat Shares Rise After Securing $40M Deal for Advanced Satellite Platform
Gilat Satellite Networks Ltd. (NASDAQ:GILT) saw its shares climb 6.8% after the company announced a $40 million contract win for its next-generation SkyEdge IV platform. The deal, to be fulfilled over the next two years, marks a major milestone in Gilat’s transition toward virtualized satellite infrastructure and next-gen 5G Non-Terrestrial Networks (NTN). The SkyEdge IV…
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Northern Dynasty Shares Surge After $12M Royalty Payment and Deal Extension
Shares of Northern Dynasty Minerals Ltd. (AMEX:NAK) jumped 10.8% after the company announced the receipt of a $12 million royalty installment linked to its Pebble Project in Alaska. The payment marks a significant milestone in the company’s financing strategy and came alongside revised terms that provide more flexibility for future funding. The $12 million represents…
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Guardant Health Shares Climb on FDA Breakthrough Status for Cancer Detection Test
Guardant Health Inc. (NASDAQ:GH) saw its stock rise by 3.7% after announcing that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Device designation to its Shield multi-cancer detection (MCD) test. This blood-based screening tool is designed to identify multiple types of cancer in adults aged 45 and older who are considered at average…
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U.S. Factory Orders Fall More Than Expected, Dropping 3.7%
New data from the U.S. manufacturing sector reveals a sharper-than-anticipated decline in factory orders, signaling potential headwinds for industrial activity. Orders fell by 3.7% in the latest monthly report—worse than the projected 3.1% drop and a stark reversal from the 3.4% growth seen in the previous month. The report, which tracks new orders placed with…