Category: Latest News
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K Wave Media appoints new chairman and co-CEO ahead of Nexus rebrand
K Wave Media Ltd. (NASDAQ:KWM) announced an overhaul of its senior leadership on Monday, naming Joongjae Lee as chairman and Richard Kim as co-chief executive officer alongside current CEO Ted Kim, with the appointments taking effect immediately. The changes come as the company pursues acquisition opportunities across technology-focused industries and prepares to rebrand itself as…
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Embraer shares jump 6% after Q2 beat and stronger profit outlook
Embraer S.A. (NYSE:EMBJ) shares climbed 6.11% in pre-market trading on Monday after the Brazilian aircraft manufacturer delivered second-quarter results well ahead of Wall Street forecasts and raised its profitability and cash flow guidance for 2026. Adjusted earnings per share reached $1.19, beating the analyst consensus estimate of $0.59 by $0.60. Revenue rose 23% year-on-year to…
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Surgery Partners shares edge lower despite Q2 revenue beat
Surgery Partners, Inc. (NASDAQ:SGRY) shares slipped 0.71% in pre-market trading on Monday after the healthcare services company reported mixed second-quarter results, with revenue exceeding Wall Street forecasts while profitability remained under pressure. Adjusted earnings per share came in at $0.10, compared with the analyst consensus estimate of $0.06. On a GAAP basis, however, Surgery Partners…
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CoreCivic shares climb 5% after launching $500 million accelerated buyback
CoreCivic Inc (NYSE:CXW) shares gained 5% in pre-market trading on Monday after the company announced a $500 million accelerated share repurchase agreement, providing a significant boost to shareholder returns. The transaction forms part of CoreCivic’s existing $755.8 million share repurchase programme, which was authorised by the company’s Board of Directors on August 4, 2026. Once…
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Axsome Therapeutics shares gain 2% as strong sales growth offsets Q2 miss
Axsome Therapeutics, Inc. (NASDAQ:AXSM) shares rose 2.09% in pre-market trading on Monday despite the biopharmaceutical company reporting second-quarter earnings and revenue below Wall Street expectations, as investors focused on strong underlying product growth. Axsome posted a quarterly loss of $0.99 per share, wider than the analyst consensus forecast for a loss of $0.85 per share.…
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V2X shares gain after securing Marine Corps contract worth up to $500 million
V2X Inc. (NYSE:VVX) shares rose 1.6% on Monday after the defence services company announced that it had secured a major logistics contract from the U.S. Marine Corps Logistics Command with a potential value of up to $500 million. The award carries an initial base value of approximately $391 million and could increase to the $500…
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CECO Environmental shares jump 8% after Q2 beat and guidance increase
CECO Environmental Corp. (NASDAQ:CECO) shares surged 8.57% in pre-market trading on Monday after the environmental technology company delivered second-quarter results that comfortably exceeded Wall Street expectations and raised its full-year outlook. Adjusted earnings per share reached $0.47, beating the analyst consensus of $0.27 by $0.20. Revenue came in at $285 million, ahead of the $272…
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Meta shares gain as Muse Glimmer launch highlights broader AI ambitions
Meta (NASDAQ:META) shares rose 2.4% on Monday following the launch of Muse Glimmer, a compact artificial intelligence model with 30 billion parameters that is designed to operate on a single GPU. The model is positioned as a smaller, distilled version of the more powerful Muse Spark 1.2 and has been developed primarily for “agent-like” tasks…
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GameStop weighs dropping $56 billion eBay bid in favour of partnership
GameStop Corp. (NYSE:GME) is considering abandoning its $56 billion takeover proposal for eBay Inc. (NASDAQ:EBAY) and could instead pursue a commercial partnership or joint venture with the e-commerce company, Bloomberg reported on Monday. Chief Executive Ryan Cohen is reportedly evaluating an arrangement that would give eBay access to GameStop’s roughly 1,600 retail locations across the…
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Intel shares fall after surprise $15 billion stock offering
Intel Corporation (NASDAQ:INTC) shares dropped 4.6% after the semiconductor giant unexpectedly unveiled plans for a $15 billion underwritten public offering of common stock, raising concerns about dilution for existing shareholders. The substantial capital raise is designed to give Intel additional financial flexibility as it continues its turnaround and invests heavily in areas expected to drive…