Category: Latest News
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U.S. Stocks Climb on Strong Jobs Data; Markets Eye Trade Deals and Tax Bill
U.S. stocks edged higher Thursday following a stronger-than-expected jobs report that underscored the labor market’s resilience, bolstering investor optimism around potential trade deals and fiscal policy progress. As of 09:32 ET the Dow Jones Industrial Average was up 80 points (0.2%), the S&P 500 gained 24 points (0.4%), and the NASDAQ Composite rose 120 points…
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Ascent Solar Shares Surge Following Launch of NASA Partnership
Ascent Solar Technologies Inc. (NASDAQ:ASTI) saw its stock jump 18% after announcing the official start of its collaboration with NASA’s Marshall Space Flight Center (MSFC). Backed by support from NASA’s Glenn Research Center, this partnership aims to advance spacecraft technology capable of receiving beamed power through Ascent’s CIGS thin-film photovoltaic modules. This innovation enables energy…
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Bank of NY Mellon Stock Reaches Record Peak at $92.64
Shares of Bank of NY Mellon Corporation (NYSE:BK) have surged to a new all-time high of $92.64, reflecting a strong 56.2% gain over the past twelve months. This impressive rise signals solid investor confidence and underscores the company’s healthy financial standing, bolstered by 14 consecutive years of dividend growth and a reliable dividend yield of…
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Nasdaq Stock Reaches New Record High at $89.71
Shares of Nasdaq Inc. (NASDAQ:NDAQ) climbed to an all-time peak of $89.71, marking a key achievement for the company. With a market value now standing at $51.4 billion, the stock is trading close to its 52-week high of $89.64, reflecting strong upward momentum. Over the past year, Nasdaq’s shares have surged by over 49%, highlighting…
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DeFi Development Corp Shares Climb After Acquiring Additional Solana Tokens
DeFi Development Corp. (NASDAQ:DFDV) saw its stock rise by 4.1% following the announcement of a new purchase of 17,760 Solana (COIN:SOLUSD) tokens, valued at around $2.72 million. The company, which positions itself as the first publicly traded firm with a treasury strategy focused on accumulating and compounding Solana assets, acquired these tokens at an average…
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Venture Global Shares Climb Following New 20-Year LNG Contract with PETRONAS
Venture Global, Inc. (NYSE:VG) stock gained 4.7% after the company revealed a new 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of the Malaysian state-owned energy corporation PETRONAS. According to the terms, PETRONAS will acquire 1 million tonnes per year (MTPA) of liquefied natural gas from Venture Global’s CP2 LNG…
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AST SpaceMobile Shares Gain After Securing $100 Million Equipment Financing
AST SpaceMobile (NASDAQ:ASTS) stock climbed 4% following the announcement that the company secured $100 million in non-dilutive equipment financing aimed at supporting its manufacturing expansion and network rollout plans. The developer of space-based cellular broadband networks revealed that the financing, led by Trinity Capital Inc. (NASDAQ:TRIN), will provide long-term liquidity through 2031. At closing, AST…
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Ecarx Shares Climb After Publishing Google Integration White Paper
Ecarx Holdings Inc. (NASDAQ:ECX) saw its stock increase by 7.7% following the release of a detailed white paper explaining its streamlined integration of Google Automotive Services (GAS) into vehicle infotainment systems. The mobility technology company revealed it has drastically shortened the GAS certification timeline, reducing the standard 12-18 months down to just 10 months for…
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Olo Shares Surge Following $2 Billion Acquisition Deal with Thoma Bravo
Olo Inc. (NYSE:OLO) saw its stock climb 13% on Thursday after revealing a definitive agreement to be acquired by software investment firm Thoma Bravo in a cash transaction that values the restaurant technology company at about $2 billion. According to the agreement, shareholders of Olo will receive $10.25 per share in cash, reflecting a 65%…
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Theratechnologies Shares Surge 34% After $254 Million Acquisition Announcement
Theratechnologies Inc. (NASDAQ:THTX) experienced a sharp 34% jump in its stock price after revealing it has signed a binding agreement to be acquired by CB Biotechnology, a subsidiary of Future Pak, at a price of up to $4.20 per share. The deal includes an initial cash payment of $3.01 per share along with one contingent…