Category: Latest News
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Incannex says it holds $75 million in cash with zero debt after financing
Incannex Healthcare Inc. (NASDAQ:IXHL) said it currently holds about $75 million in cash and carries no debt following the completion of a recent financing round backed by healthcare-focused institutional investors, according to a company statement. At current trading levels, the clinical-stage biopharmaceutical company has a market capitalization of roughly $46 million, implying what the company…
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CF Industries shares drop after Mizuho downgrades stock
Shares of CF Industries Holdings (NYSE:CF) fell about 3% on Wednesday morning after Mizuho lowered its rating on the fertilizer producer, warning that the stock’s recent rally may have gone too far. Mizuho analyst Edlain Rodriguez downgraded the shares to Underperform from Neutral and set a price target of $100, well below Tuesday’s closing price…
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General Mills misses Q3 earnings expectations as sales decline
General Mills Inc. (NYSE:GIS) reported third-quarter results that came in below Wall Street forecasts, as adjusted earnings fell short of expectations and net sales declined from a year earlier. The food manufacturer posted adjusted earnings of $0.64 per share for the quarter, missing the analyst consensus estimate of $0.73 by $0.09. Revenue totaled $4.4 billion,…
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Rocket Lab shares dip after announcing $1 billion equity offering plan
Rocket Lab Corporation (NASDAQ:RKLB) shares declined about 3.5% on Wednesday morning after the company revealed plans for a $1 billion equity distribution program. In a filing with the U.S. Securities and Exchange Commission dated March 17, 2026, the space technology firm said it had signed an equity distribution agreement with a group of financial institutions,…
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SailPoint shares slide after weak outlook overshadows in-line Q4 results
Shares of SailPoint (NASDAQ:SAIL) dropped sharply in premarket trading after the identity security company reported fourth-quarter results that largely matched expectations but issued a weaker-than-anticipated forecast for the current quarter. The stock fell around 11% ahead of the opening bell. SailPoint reported fourth-quarter revenue of $295 million, representing a 23% increase year over year and…
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Macy’s stock jumps after Q4 earnings beat and upbeat revenue forecast
Shares of Macy’s Inc. (NYSE:M) surged about 9% in premarket trading on Wednesday after the department store chain reported fourth-quarter results that topped Wall Street forecasts and issued a revenue outlook that exceeded analyst expectations, even as tariff pressures remain a concern. The retailer reported adjusted earnings of $1.67 per share for the fourth quarter,…
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XOMA shares climb after Q4 results top forecasts on strong royalty income
XOMA Royalty Corporation (NASDAQ:XOMA) posted fourth-quarter results that came in ahead of analyst expectations, supported by higher royalty receipts and milestone payments from its expanding portfolio of biotechnology assets. Shares of the company rose about 7% following the earnings announcement. The biotech royalty company reported earnings of $0.26 per share for the fourth quarter, well…
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Kinross Gold Submits Exploration Plan of Operations for Riley Gold’s PWC Project (Cortez District – Nevada)
Vancouver, British Columbia–(Newsfile Corp. – March 18, 2026) – Riley Gold Corp. (TSXV:RLYG) (USOTC:RLYGF) (“Riley Gold” or the “Company“) is pleased to announce that preparation is underway for the completion of an Exploration Plan of Operations (“EPO”) for the Company’s Pipeline West/Clipper Gold Project (“PWC“) located in the Cortez mining district of the Battle Mountain – Eureka Trend. PWC is…
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U.S. Producer Prices Jump Above Expectations, Signaling Rising Inflation Pressure
The latest report on the U.S. Producer Price Index (PPI) showed a stronger-than-expected increase, pointing to a notable rise in the prices manufacturers receive for their goods. The PPI is closely watched because it serves as an early indicator of consumer inflation, which represents a large share of overall price growth in the economy. The…
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Stronger-Than-Expected Inflation Figures Could Pressure Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures are signaling a slightly lower open on Wednesday, suggesting markets may give back some of the gains recorded over the previous two sessions. Futures slipped after the Labor Department released data showing that U.S. producer prices rose more than economists had anticipated in February. According to the report, the producer price…