Category: Latest News
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Progressive Shares Drop After Q3 Results Fall Short of Forecasts
Progressive Corporation (NYSE:PGR) saw its stock slide 4.3% in premarket trading on Wednesday after reporting third-quarter earnings and revenue that missed Wall Street expectations, dampening investor sentiment toward the insurer. The Ohio-based company posted adjusted earnings of $4.45 per share for the quarter ended September 30, well below the analyst consensus of $5.05. Revenue came…
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Prologis Tops Q3 Estimates and Raises Outlook on Strong Leasing Momentum and Data Center Expansion
Prologis (NYSE:PLD) reported third-quarter results on Wednesday that beat Wall Street forecasts and raised its full-year outlook, driven by record leasing activity and a growing push into data centers. The world’s largest warehouse owner posted earnings per share of $0.82, above analyst estimates of $0.67. Core funds from operations, a key profitability metric for real…
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Nvidia Shares Climb on Massive AI Infrastructure Deal with Nscale and Microsoft
Nvidia (NASDAQ:NVDA) gained 2.3% in early trading Wednesday after Nscale announced a landmark contract for roughly 200,000 NVIDIA GB300 GPUs with Microsoft (NASDAQ:MSFT), marking one of the largest AI infrastructure deals ever signed. Under the multi-year agreement, Nvidia’s cutting-edge AI accelerators will be deployed across major sites in Europe and the U.S., with Nscale managing…
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Hillenbrand Shares Jump on $3.8 Billion Lone Star Takeover Deal
Hillenbrand, Inc. (NYSE:HI) surged 19% on Wednesday after announcing it had agreed to be acquired by private equity firm Lone Star Funds in an all-cash transaction valued at $32.00 per share. The deal represents a total enterprise value of roughly $3.8 billion. The offer price reflects a 37% premium to Hillenbrand’s unaffected closing price on…
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Innovation Beverage Group Stock Skyrockets on BlockFuel Energy Merger Agreement
Innovation Beverage Group Ltd (NASDAQ:IBG) surged 75% on Wednesday after announcing a definitive agreement for a reverse triangular merger with BlockFuel Energy Inc.. The deal is expected to close in the fourth quarter of 2025, after which the combined company will trade on the Nasdaq under the ticker “FUEL.” Under the merger terms, BlockFuel shareholders…
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T1 Energy Shares Surge on Multi-Year Solar Frame Deal with Nextracker
T1 Energy Inc. (NYSE:TE) soared 26% on Wednesday, while Nextracker (NASDAQ:NXT) gained 3.5%, after the two companies unveiled a strategic framework agreement focused on the supply of solar panel frames. The multi-year contract, valued at more than $75 million, will see Nextracker provide its patented steel module frame technology for T1 Energy’s new 5-GW G1_Dallas…
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Abbott Shares Dip After In-Line Q3 Results, Full-Year Outlook Reaffirmed
Abbott Laboratories (NYSE:ABT) shares fell more than 2% in premarket trading on Wednesday after the healthcare and medical devices company reported third-quarter earnings that came in line with expectations, while sales narrowly missed consensus estimates. Abbott posted earnings per share of $1.30, matching analyst forecasts. Revenue totaled $11.37 billion, slightly below the $11.4 billion expected.…
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Sable Offshore Shares Plunge After California Court Signals Unfavorable Ruling
Sable Offshore Corp. (NYSE:SOC) saw its stock tumble 25% on Monday after a California court issued a tentative ruling indicating it would reject the company’s claims against the California Coastal Commission. The Santa Barbara Superior Court’s tentative decision, set to be reviewed at an October 15 hearing, would mark a major setback in Sable’s ongoing…
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Bank of America Beats Q3 Forecasts on Surge in Investment Banking Fees
Bank of America (NYSE:BAC) delivered stronger-than-expected third-quarter results, driven by solid net interest income and a sharp rise in investment banking fees, as dealmaking activity rebounds from earlier weakness tied to tariff uncertainty. Shares climbed more than 5% in U.S. premarket trading on Wednesday following the release. The bank reported a 43% increase in investment…
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Dollar Tree Shares Climb as Retailer Unveils Three-Year Earnings Growth Outlook
Dollar Tree (NASDAQ:DLTR) shares gained 2.6% in pre-market trading on Wednesday after the discount retailer reaffirmed its short-term guidance and set out a bullish three-year earnings growth plan ahead of its 2025 Investor Day in New York. The company said it expects earnings per share to grow at a compounded annual rate of 12% to…