Category: Latest News
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Sagimet Biosciences Shares Surge After Promising Phase 3 Acne Drug Results
Sagimet Biosciences Inc. (NASDAQ:SGMT) saw its stock soar 20% after unveiling encouraging Phase 3 trial results for its acne treatment candidate, denifanstat. The trial, conducted in China by its partner Ascletis Bioscience Co. Ltd., achieved all primary and secondary endpoints, boosting market confidence in the company’s innovative dermatology pipeline. Denifanstat, a once-daily oral inhibitor of…
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REV Group Shares Rise on Strong Q2 Earnings and Upgraded 2025 Forecast
REV Group, Inc. (NYSE:REVG) delivered solid second-quarter results on Wednesday, beating Wall Street estimates and lifting its full-year outlook – sending its stock up 2.47% in premarket trading. The manufacturer of specialty vehicles posted adjusted earnings of $0.70 per share, outperforming analyst expectations of $0.55. Quarterly revenue climbed 2% year-over-year to $629.1 million, comfortably above…
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Wells Fargo Stock Climbs as Fed Removes Longstanding Asset Cap
Wells Fargo & Co. (NYSE:WFC) saw its shares rise 3.5% in premarket trading Wednesday following a major regulatory development: the Federal Reserve has officially lifted the asset growth restriction that had been limiting the bank since 2018. The cap, implemented after a series of scandals, had been one of the most significant constraints on the…
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Genesco Tops Q1 Estimates, Maintains Full-Year Forecast Amid Solid Sales Momentum
Footwear retailer Genesco Inc. (NYSE:GCO) delivered stronger-than-expected first quarter results on Wednesday and reaffirmed its earnings outlook for the full fiscal year, prompting a modest premarket share gain of 0.89%. For the quarter ended May 3, Genesco reported an adjusted net loss of $2.05 per share – slightly narrower than the $2.10 per-share loss recorded…
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Sprinklr Shares Jump Nearly 10% as Q1 Earnings and Revenue Beat Expectations
Shares of Sprinklr Inc. (NYSE:CXM) surged 9.6% in premarket trading Wednesday after the customer experience software provider delivered stronger-than-anticipated results for the first quarter of its fiscal 2026. The company reported adjusted earnings of $0.12 per share for the quarter ended April 30, surpassing Wall Street’s consensus estimate of $0.10. Revenue climbed 5% year-over-year to…
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Tesla China Sees 15% Drop in May Shipments
Tesla (NASDAQ:TSLA) China shipments fell 15% year-over-year in May to 61,662 units, according to a preliminary report from the China Association of Automobile Manufacturers. Despite a year-over-year decline, the electric vehicle maker reported a 5.5 percent increase in sales compared to April. The report also highlighted an estimated growth in wholesale shipments of new energy vehicles.…
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Truth.Social Advances Bitcoin ETF Plans Amid Growing Crypto Involvement
Truth.Social, the media platform owned by former U.S. President Donald Trump, has taken a key step toward launching its own Bitcoin exchange-traded fund (ETF), according to a Tuesday filing with the New York Stock Exchange. NYSE Arca submitted a Form 19b-4 seeking regulatory approval to list the ETF, which would directly track the price of…
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Trump Raises Tariffs on Steel and Aluminum as Markets Weigh Trade Tensions, ADP Jobs Data, and Retail Earnings – What’s Moving The U.S. Markets
U.S. stock futures remained largely flat on Wednesday morning, as markets digested escalating trade tensions following President Donald Trump’s decision to significantly increase tariffs on steel and aluminum imports. The policy move comes amid broader uncertainty about global trade dynamics and investor anticipation of key economic data, including the ADP private payrolls report and retail…
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Nasdaq, S&P 500 Climb To Best Closing Levels In Over Three Months
After recovering from early weakness to end Monday’s session mostly higher, stocks saw further upside during trading on Tuesday. With the continued upward move, the Nasdaq and the S&P 500 reached their best closing levels in over three months. The major averages ended the day off their highs of the session but still firmly positive.…
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Kratos Shares Gain on Strategic Alliance with GE Aerospace for Next-Gen Propulsion
Kratos Defense & Security Solutions (NASDAQ:KTOS) saw its shares rise 1.6% after announcing a formal partnership with GE Aerospace (NYSE:GE) aimed at developing next-generation propulsion technologies for unmanned and collaborative combat aircraft systems. Building on an earlier Memorandum of Understanding, the new teaming agreement formalizes collaboration between the two companies to co-develop and produce cost-effective,…