Author: Fiona Craig
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UP Fintech Reports Robust Q1 Earnings, Shares Climb Over 4%
UP Fintech Holding Limited (NASDAQ:TIGR), a prominent online brokerage catering to global investors, announced stronger-than-expected financial results for the first quarter of 2025 on Friday. Following the earnings release, the company’s shares rose 4.27% in pre-market trading. The firm posted adjusted earnings per ADS of $0.20, beating analyst forecasts. Quarterly revenue reached $122.6 million, marking…
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Tech Stocks, Including Tesla, Slide in Early Trading Amid Tariff Policy Uncertainty
Tesla (NASDAQ:TSLA) and several leading technology firms saw their shares dip during Friday’s premarket session as concerns over President Donald Trump’s tariff measures resurfaced. The renewed uncertainty comes after recent court rulings temporarily paused most of Trump’s tariffs, creating volatility in the markets. Thursday was largely focused on the White House’s efforts to respond to…
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Dow Jones, S&P, Nasdaq, what’s moving the U.S. markets – New trade ruling, China talks, PCE data
U.S. stock futures edged down slightly on Friday amid renewed uncertainty around trade tariffs and stalled negotiations with China. Investors are also closely watching the upcoming release of the Federal Reserve’s preferred inflation gauge, while OPEC+ prepares to decide on oil production levels this weekend. Trade Tariffs Back in Play In a surprising twist, the…
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Boeing Shares Rise on Plans to Accelerate 737 MAX Production
Boeing (NYSE:BA) saw its stock climb 4% following CEO Kelly Ortberg’s announcement of an ambitious plan to scale up production of the company’s popular 737 MAX aircraft. The move signals renewed confidence in Boeing’s recovery efforts and manufacturing capabilities. Speaking at the Bernstein investor conference on Thursday, Ortberg outlined the strategy to increase monthly production…
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Northrop Grumman Commits $50 Million to Firefly Aerospace to Propel Rocket Development
Northrop Grumman Corp (NYSE:NOC), a leading name in aerospace and defense, has poured $50 million into Firefly Aerospace Inc., a Texas-based startup focused on rocket innovation. The funding, highlighted in a Bloomberg report, will accelerate work on the Eclipse rocket, a joint venture between the two firms that began in 2022. The Eclipse launch vehicle…
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Servotronics Shares Jump Nearly 25% on Upgraded Buyout Offer from TransDigm
Servotronics Inc. (NYSE:SVT) saw its stock price rocket by 24.5% after announcing an updated merger agreement with aerospace conglomerate TransDigm Inc., which includes a raised all-cash offer of $47.00 per share for all outstanding shares. The revised acquisition terms came in response to an unsolicited bid Servotronics received from a third party. However, after assessing…
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Eos Energy Shares Slide 17% After Announcing Dual Capital Raises
Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE) dropped 17% following the company’s announcement of plans to raise substantial capital through two separate offerings—a $175 million convertible senior notes issuance and a proposed $75 million common stock offering. The energy storage firm explained that the funds raised would support a range of strategic initiatives, including the…
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ORIC Pharmaceuticals Shares Rally 20% on Encouraging Cancer Drug Trial and Funding Update
Shares of ORIC Pharmaceuticals Inc. (NASDAQ:ORIC) jumped 20% following the release of early data from its ongoing Phase 1b clinical study evaluating ORIC-944 in combination with androgen receptor (AR) inhibitors for the treatment of metastatic castration-resistant prostate cancer (mCRPC). The interim results point to promising clinical efficacy and a manageable safety profile, potentially positioning ORIC-944…
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Eton Pharmaceuticals Gains on FDA Green Light for Pediatric Drug KHINDIVI
Shares of Eton Pharmaceuticals Inc (NASDAQ:ETON) saw a 3.3% boost in premarket trading after the company announced U.S. Food and Drug Administration (FDA) approval of KHINDIVI™ (hydrocortisone) Oral Solution. The new treatment, developed for pediatric patients with adrenocortical insufficiency, represents a key achievement for Eton, which focuses on therapies for rare conditions. KHINDIVI stands out…
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iPhone 16 Tops Global Smartphone Sales in Early 2025, Surpassing Rivals
A fresh report from Counterpoint Research highlights the most popular smartphones worldwide for the first quarter of 2025, with Apple (NASDAQ:AAPL) and Samsung (USOTC:SSNHZ) once again dominating the rankings. Apple’s latest flagship, the iPhone 16, claimed the top spot for the first time in a Q1 period since 2023. This comeback is credited to the…