Category: Latest News
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Cleveland-Cliffs Shares Sink to 52-Week Low as Debt and Market Pressures Mount
Cleveland-Cliffs Inc. (NYSE:CLF) has hit a new 52-week low, trading at $5.76 amid mounting macroeconomic pressures and internal challenges. The steelmaker’s stock has plunged by more than 66% over the past year, reflecting investor concerns about debt levels, earnings volatility, and broader market headwinds. Despite the sharp decline, analysts suggest that the stock may be…
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PagerDuty Stock Sinks to 52-Week Low Despite Earnings Beat and Solid Margins
Shares of PagerDuty Inc. (NYSE:PD) have dropped to a fresh 52-week low, hitting $14.27, as investor concerns about the broader tech environment and the company’s growth outlook weigh heavily on the stock. Despite strong gross margins of 83% and a market cap of $1.38 billion, the cloud operations platform is facing investor skepticism amid economic…
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Airbnb Stock Slides After Truist Downgrade on Soft Summer Demand and Valuation Concerns
Airbnb Inc. (NASDAQ:ABNB) saw its stock fall about 2% at Friday’s market open after Truist Securities downgraded the travel platform to Sell from Hold, citing sluggish summer booking trends and an overly rich valuation. In a note to clients, Truist reduced its price target for Airbnb shares to $106 from $112, warning that demand across…
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United Airlines Expects Slightly Lower Ticket Prices Amid Strong Summer Travel Demand
United Airlines Holdings (NASDAQ:UAL) projects that ticket prices for the upcoming spring and summer seasons will be somewhat lower than initially anticipated. This outlook was shared by Andrew Nocella, the airline’s Chief Commercial Officer, during a Bloomberg Television interview, which led to a 0.7% dip in United’s shares during premarket trading on Friday. Looking ahead…
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EchoStar Shares Plunge Amid FCC Investigation and Missed Interest Payment
EchoStar Corporation (NASDAQ:SATS) saw its stock drop 21% after the company chose to skip a major interest payment due May 30, amid ongoing regulatory scrutiny. The satellite communications firm is currently under investigation by the Federal Communications Commission (FCC) over its compliance with federal 5G service obligations in the U.S. On May 9, 2025, the…
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EOG Resources to Acquire Encino Acquisition Partners in $5.6 Billion Deal
EOG Resources (NYSE:EOG) announced on Friday its intention to acquire Encino Acquisition Partners in a $5.6 billion transaction, further expanding its footprint in Ohio’s Utica Shale region. The agreement was made with Encino Energy and the Canada Pension Plan Investment Board, who co-founded the Houston-based Encino Acquisition Partners in 2017 with the goal of acquiring…
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Bank of America Sees Bright Future for Netflix, Boosts Price Target
Bank of America (BofA) has reaffirmed its optimistic stance on Netflix (NASDAQ:NFLX), raising its price target for the streaming giant to $1,490 from a previous $1,175 in a note issued to investors on Friday. Analysts at the firm emphasized Netflix’s market leadership, continued subscriber gains, and growing momentum in advertising and live content as key…
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U.S. Consumer Prices Up Slightly In April
Consumer prices in the U.S. crept slightly higher in the month of April, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in April after coming in unchanged in March. The uptick matched economist estimates.…
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Dow Jones, S&P, Nasdaq, Trump Accuses China Of Violating Trade Deal, Sending Futures Lower
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open for the markets on Friday, with stocks likely to give back ground after ending yesterday’s choppy session moderately higher. The futures came under pressure after President Donald Trump accused China of violating the trade agreement reached…
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Shoe Carnival Shares Jump Over 11% After Beating Q1 Earnings Expectations
Shoe Carnival Inc. (NASDAQ:SCVL) saw its stock surge more than 11% in premarket trading Friday after the company delivered stronger-than-expected earnings for the first quarter, even as total revenue declined. The footwear retailer reported earnings per share of $0.34 for the quarter, topping Wall Street’s estimate of $0.30. Revenue came in at $277.7 million, down…