Category: Latest News
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Jet.AI shares jump 30% after $5M strategic stake tied to SpaceX
Jet.AI Inc. (NASDAQ:JTAI) shares surged about 30% after the company disclosed a $5 million strategic investment that gives it economic exposure to SpaceX and several affiliated businesses, including xAI/Grok, Starlink and X/Twitter. The AI cloud services firm made the investment through a Special Purpose Vehicle that previously held equity in xAI before the company’s recent…
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Dell shares climb nearly 5% after Bank of America highlights AI growth potential
Dell Technologies Inc. (NYSE:DELL) shares rose close to 5% in early trading on Wednesday after analysts at Bank of America reaffirmed a “Buy” rating, saying the company is well positioned to benefit from accelerating adoption of artificial intelligence. The positive view followed a discussion between Bank of America analysts and Dell CEO Michael Dell, during…
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Broadcom introduces AI-driven fraud detection tool for payment authentication
Broadcom Inc. (NASDAQ:AVGO) has launched Arcot Smart Ruleset, a machine learning–based fraud detection platform designed to enhance security for 3-D Secure payment authentication. The new system replaces traditional manual rule-writing processes with automated decision logic that can adapt to evolving fraud patterns and regulatory requirements. Arcot Smart Ruleset is built on machine learning models trained…
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Bed Bath & Beyond shares gain after agreement to acquire F9 Brands
Bed Bath & Beyond Inc. (NYSE:BBBY) shares rose about 6% on Wednesday after the company said it had signed a Letter of Intent to purchase F9 Brands, Inc., the parent company of several home improvement brands including Lumber Liquidators, Cabinets To Go, Gracious Home/Thos. Baker and Southwind Building Products. The proposed deal values the acquisition…
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Kimberly-Clark comments on fire at Ontario, California distribution facility
Kimberly-Clark Corporation (NASDAQ:KMB) said a fire broke out at a distribution center in Ontario, California, a site operated by its third-party logistics partner NFI Industries. The company confirmed that no injuries were reported and that all personnel at the facility were safely evacuated. The warehouse is leased by Kimberly-Clark but managed by NFI Industries. According…
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ExxonMobil shares slide after Middle East conflicts disrupt production
ExxonMobil (NYSE:XOM) shares fell about 5.5% in premarket trading Monday after the company reported that conflicts in the Middle East disrupted operations at several assets in Qatar and the United Arab Emirates during the first quarter of 2026. ExxonMobil said the interruptions are expected to cut global oil-equivalent output by roughly 6% in the first…
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Novavax shares rise as activist investor calls for board overhaul
Novavax (NASDAQ:NVAX) shares gained about 7.6% on Wednesday after activist investor Shah Capital said it plans to oppose the company’s board nominees and executive compensation proposals at the vaccine maker’s upcoming annual meeting. Shah Capital, which holds roughly a 9% stake in Novavax and is the company’s second-largest shareholder, sent a letter urging management to…
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RPM International shares jump nearly 10% after earnings beat and upbeat outlook
RPM International Inc. (NYSE:RPM) reported third-quarter adjusted earnings of $0.57 per share on Wednesday, significantly surpassing the analyst consensus forecast of $0.35 by $0.22, or about 62.9%. Revenue reached a record $1.61 billion, exceeding expectations of $1.55 billion and rising 8.9% from $1.48 billion in the same period a year earlier. Following the announcement, the…
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Tilray unveils PORTAL cannabis line aimed at high-tolerance consumers
Tilray Brands Inc. (NASDAQ:TLRY) announced the introduction of PORTAL, a new cannabis brand tailored to experienced users with high THC tolerance. The launch comes ahead of the annual 4/20 celebration, a major date for the cannabis community. PORTAL’s lineup includes liquid diamonds—described by the company as one of the most potent THC-dominant cannabis concentrates—as well…
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Better Home & Finance shares drop after pricing of public stock offering
Better Home & Finance Holding Company (NASDAQ:BETR) shares declined about 14% after the company revealed the pricing details of an underwritten public offering of 1,875,000 shares of its Class A common stock. The transaction is expected to raise roughly $60 million in gross proceeds before deducting underwriting discounts and commissions. The company has also granted…