Category: Latest News
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JetBlue Shares Drop as CEO Flags More Cost Cuts and Flight Reductions
JetBlue Airways (NASDAQ:JBLU) saw its stock decline by 5% on Tuesday after a leaked internal memo revealed that CEO Joanna Geraghty warned employees of further cost-cutting steps amid persistent weakness in travel demand. In a staff message dated Monday and reviewed by CNBC, Geraghty acknowledged that the airline continues to operate using borrowed funds and…
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Wells Fargo Predicts Tesla’s Free Cash Flow to Decline, Deliveries to Drop 20% Year-on-Year
Tesla is showing signs of weakening fundamentals, with Wells Fargo analysts projecting that the company’s free cash flow (FCF) could turn negative for the first time since 2018. In a note released Tuesday, the analysts maintained their Underweight rating on Tesla stock and a price target of $120. The report highlighted expectations for a significant…
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U.S. Retail Sales Down More Than Expected In May
The Commerce Department released a report on Tuesday showing U.S. retail sales decreased by more than expected in the month of May. The report said retail sales slid by 0.9 percent in May after edging down by a revised 0.1 percent in April. Economists had expected retail sales to decline by 0.6 percent compared to…
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Dow Jones, S&P, Nasdaq, Renewed Israel-Iran Concerns May Lead To Pullback On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside following the rebound seen in the previous session. Traders may look to cash in on yesterday’s strong gains amid renewed concerns about the ongoing clash…
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Redwire Shares Drop Sharply Following Pricing of Enlarged Public Offering
Redwire Corp (NYSE:RDW) saw its stock decline 17.5% after the aerospace and defense tech firm announced pricing for its upsized common stock offering at $16.75 per share. The company plans to issue 15.5 million shares, aiming to raise roughly $260 million in gross proceeds. Additionally, underwriters have been granted a 30-day option to buy up…
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Fold Holdings Shares Rise After Securing $250 Million Equity Facility for Bitcoin Expansion
Fold Holdings, Inc. (NASDAQ:FLD) saw its stock spike as much as 21% before settling up 4%, after announcing a major equity facility aimed at bolstering its bitcoin reserves. The company, which positions itself as the first publicly listed financial services provider focused on bitcoin, has arranged a $250 million equity purchase facility to support its…
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Mineralys Therapeutics Shares Climb on Strong Results from Kidney Disease Trial
Shares of Mineralys Therapeutics Inc. (NASDAQ:MLYS) jumped 7.9% following the release of promising topline data from the company’s Phase 2 Explore-CKD study evaluating lorundrostat in patients with chronic kidney disease (CKD) and hypertension. The trial reached its primary endpoint, demonstrating a notable 7.5 mmHg reduction in systolic blood pressure compared to placebo — a result…
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Wiley Shares Pop 8% Following Q4 Earnings and Positive Outlook for FY2026
Shares of John Wiley & Sons, Inc. (NYSE: WLY) surged 8% in premarket trading on Tuesday after the academic publisher delivered stronger-than-expected fourth quarter earnings and offered encouraging guidance for the upcoming fiscal year. For the quarter ending April 30, Wiley posted adjusted earnings of $1.37 per share, beating the consensus estimate of $1.31. Quarterly…
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Jabil Stock Climbs on Strong Q3 Results and Upbeat Forecast
Shares of Jabil Inc. (NYSE:JBL) gained 5.05% after the electronics manufacturing services provider posted third-quarter results that beat Wall Street expectations and boosted its full-year guidance. For the fiscal quarter ending May 31, Jabil reported adjusted earnings of $2.55 per share, ahead of analysts’ consensus of $2.29. Revenue rose to $7.8 billion, exceeding the $7.03…
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Surgery Partners Shares Slide After Ending Buyout Talks with Bain Capital
Shares of Surgery Partners, Inc. (NASDAQ:SGRY) dropped 12% following the announcement that the company has wrapped up acquisition discussions with Bain Capital without reaching a deal. A Special Committee composed of independent board members reviewed Bain Capital’s non-binding offer to acquire the remaining shares it does not already own. After evaluation, the committee concluded that…