Category: Latest News
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SpaceX Extends Rebound as Analysts Highlight Potential Tesla Tie-Up (SPCX)
SpaceX (NASDAQ:SPCX) continued to recover in premarket trading on Wednesday after rebounding from losses that briefly pushed the stock below its post-IPO opening price. Shares closed Tuesday up 0.9% at $156.06 after falling as low as $147.11 during the session, below the stock’s June 12 opening price of $150. The shares advanced a further 1.2%…
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FedEx Shares Fall After 2026 Outlook Disappoints Despite Strong Fourth-Quarter Results (FDX)
FedEx (NYSE:FDX) shares dropped more than 6% in premarket trading on Wednesday after the logistics group issued a 2026 profit forecast that fell short of market expectations, overshadowing stronger-than-expected fourth-quarter earnings and revenue. Fourth-Quarter Results Top Estimates The package delivery company reported adjusted earnings of $6.31 per share for the fourth quarter, exceeding analyst expectations…
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Wendy’s Shares Jump on CFO Appointment and Turnaround Optimism (WEN)
Wendy’s (NASDAQ:WEN) shares climbed 10.8% in premarket trading after the restaurant chain announced the appointment of Steve Cirulis as Chief Financial Officer and Chief Strategy Officer, effective June 23, 2026. Cirulis succeeds Ken Cook, who will remain with the company in an advisory role through July to support the leadership transition. Familiar Leadership Team Reunites…
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Prologis Goes Public With £12.6 Billion Segro Proposal After Board Rejection (SGRO)
U.S. logistics property group Prologis (NYSE:PLD) has publicly disclosed its £12.6 billion ($16.62 billion) takeover proposal for Segro (LSE:SGRO) after the UK warehouse owner rejected the approach, escalating pressure on the company’s board to enter formal discussions. The move represents the latest attempt by an overseas buyer to acquire a London-listed business, as lower UK…
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Prices of Nvidia’s Restricted AI Chips Surge on China’s Black Market Amid Export Crackdown (NVDA)
The cost of Nvidia’s (NASDAQ:NVDA) restricted artificial intelligence chips has risen sharply on China’s black market during the past six months as tighter U.S. enforcement measures make it increasingly difficult to move advanced hardware into the country, according to a report from the Financial Times. Black Market Prices Climb as Supply Tightens Citing interviews with…
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Qualcomm Explores Custom Chip Partnership With ByteDance as It Expands Beyond Smartphones (QCOM)
Qualcomm (NASDAQ:QCOM) is in discussions with China’s ByteDance about providing custom chip-design services, according to people familiar with the matter, as the U.S. semiconductor company seeks to broaden its business beyond its core smartphone market. If an agreement is reached, ByteDance, the owner of short-video platform TikTok, would become one of the first major customers…
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Cerebras Shares Slide After Earnings Miss and Margin Outlook Raises Concerns (CBRS)
Shares of (NASDAQ:CBRS) fell roughly 14% in premarket trading on Wednesday after the AI chipmaker delivered mixed first-quarter 2026 results, with strong revenue growth overshadowed by an earnings miss and weaker margin guidance. The company, which describes itself as the builder of “the world’s fastest AI infrastructure,” reported revenue of $193.4 million for the quarter,…
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Oil Falls for Third Consecutive Session as Hormuz Shipping Activity Improves
Oil prices continued to move lower on Wednesday, marking a third straight day of declines as improving traffic through the Strait of Hormuz and signs of progress in U.S.-Iran diplomacy reduced concerns over sustained disruptions to energy supplies from the Middle East. At 05:39 ET (09:39 GMT), Brent Oil Futures for August delivery were down…
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Gold Slides to Two-Week Low as Stronger Dollar and Fed Rate Expectations Weigh
Gold prices continued their downward move on Wednesday, hovering close to a two-week low and approaching the key $4,000-an-ounce threshold. The decline came as the U.S. dollar strengthened and investors increased expectations that the Federal Reserve could raise interest rates again in the coming months, reducing demand for the non-yielding asset. Spot gold was down…
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Aluminium Slides to Three-Month Low as Middle East Tensions Ease
Aluminium prices fell to their weakest levels in three months on Wednesday, pressured by a stronger U.S. dollar and declining geopolitical concerns in the Middle East. The benchmark three-month aluminium contract on the London Metal Exchange dropped 0.76% to $3,208 per metric ton by 07:01 GMT. Earlier in the session, the metal touched $3,191 per…