Category: Latest News
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Redwire stock gains on Huntsville campus expansion plans
Redwire Corporation (NYSE:RDW) shares rose 3% on Monday after the aerospace and defense company announced plans to significantly expand its Huntsville, Alabama campus to increase production of unmanned aircraft systems and space infrastructure technologies. The company is adding 164,000 square feet to its Huntsville operations, expanding its manufacturing and engineering capabilities to support growing demand…
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AMC Entertainment stock surges after record quarterly revenue and EBITDA
AMC Entertainment Holdings, Inc. (NYSE:AMC) shares climbed 13.4% in premarket trading after the cinema operator delivered second-quarter results that comfortably beat Wall Street expectations, achieving the strongest quarterly revenue and adjusted EBITDA in its 106-year history. The company reported adjusted earnings per share of $0.14 for the second quarter, exceeding analyst forecasts of a $0.02…
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Boxabl stock jumps 20% after Nasdaq market debut
Boxabl Inc. (NASDAQ:BXBL) shares surged 20% on Monday during the company’s first trading session on the Nasdaq Stock Market after completing its business combination with FG Merger II Corp. (NASDAQ:FGMC). The modular housing manufacturer officially began trading under the ticker symbol “BXBL” after shareholders approved the merger, completing its transition from a private business to…
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Archer Aviation stock rises as Anduril partnership unveils new autonomous VTOL defense aircraft
Archer Aviation (NYSE:ACHR) shares climbed 5% on Monday after the company introduced a new autonomous vertical takeoff and landing (VTOL) aircraft platform developed with Anduril and confirmed it will unveil its first commercial customers later this week. The companies presented the new series hybrid-electric VTOL platform at the Farnborough Airshow, highlighting its potential for both…
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NN secures firearms component manufacturing contracts, sending shares higher
NN, Inc. (NASDAQ:NNBR) shares climbed 8% on Monday after the precision components manufacturer announced new contract manufacturing agreements to supply firearms components to a leading U.S. firearms company. The agreements mark the company’s entry into Tier 1 contract manufacturing for firearm components following a multi-year development programme focused on advanced titanium machining and surface treatment…
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Domino’s Pizza revenue tops forecasts despite second-quarter earnings miss
Domino’s Pizza Inc. (NASDAQ:DPZ) reported second-quarter results that exceeded revenue expectations but delivered earnings below Wall Street forecasts, while the company’s shares climbed 4.7% in premarket trading following the release. Adjusted earnings per share came in at $4.07, missing analysts’ expectations of $4.19 by $0.12. Revenue rose to $1.19 billion, ahead of the consensus estimate…
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Five market events investors should watch this week
Investors face another busy week as major technology companies prepare to report earnings, central banks weigh inflation risks and geopolitical tensions continue to influence global markets. Developments surrounding artificial intelligence, the conflict in the Middle East and key economic data releases are all expected to shape investor sentiment in the days ahead. 1. Technology earnings…
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SpaceX sets new Starship launch attempt for Thursday after previous countdown abort
SpaceX (NASDAQ:SPCX) is planning to make another attempt to launch its Starship rocket on Thursday, July 23, after the previous test flight was halted moments before liftoff. The updated schedule was confirmed by the company on Sunday. Earlier, SpaceX Chief Executive Elon Musk had posted on X that the next launch would take place on…
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TSMC sees long-term AI chip demand as Arizona investment expands to $265 billion
TSMC (NYSE:TSM) expects demand for artificial intelligence chips to remain strong for years as it accelerates investment in its manufacturing operations in Arizona, although the company acknowledges labour and infrastructure challenges could affect the pace of expansion. Following stronger-than-expected second-quarter results, Chief Financial Officer Wendell Huang said the chipmaker remains confident in its long-term outlook…
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Novartis pipeline faces critical test as upcoming trial results underpin growth outlook
Novartis (NYSE:NVS) is preparing for a crucial period as investors look beyond its quarterly earnings release on Tuesday and focus on three major clinical trial results expected later this year that could determine the company’s long-term growth trajectory. The Swiss pharmaceutical group’s upcoming studies are widely viewed as key to supporting its premium market valuation,…