Category: Latest News
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Birkenstock Shares Rebound as Investors Reassess Valuation
Birkenstock stock (NYSE:BIRK) jumped 6.6% in pre-market trading, staging a strong recovery from levels close to its 52-week low as investors reconsidered the footwear company’s valuation following heavy selling earlier in August. Rather than being triggered by a single new announcement, the latest advance appears to reflect renewed attention on Birkenstock’s underlying financial performance. The…
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Eli Lilly Launches Foundayo Weight-Loss Pill in UK
Eli Lilly (NYSE:LLY) has launched its oral weight-management and type 2 diabetes treatment Foundayo in the UK, making Britain the first European market where the drug is commercially available, the company said on Monday. Foundayo, chemically known as orforglipron, will initially be available through private prescriptions after receiving authorisation from the UK’s medicines regulator on…
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Nvidia Reportedly Weighs Perplexity Investment at More Than $30 Billion Valuation
Nvidia (NASDAQ:NVDA) is reportedly holding talks about investing in artificial intelligence startup Perplexity through a new financing round that could value the company at more than $30 billion, according to The Information. The discussions centre on a funding round potentially worth several billion dollars, with Nvidia among the prospective investors, the report said, citing people…
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GE Vernova Launches Medium-Voltage Power System for AI Data Centers
GE Vernova Inc. (NYSE:GEV) has introduced a new medium-voltage uninterruptible power supply designed to meet the growing electricity requirements of data centers, artificial intelligence infrastructure and other power-intensive facilities. The new MV-UPS system moves power protection to the medium-voltage level, rather than relying primarily on the low-voltage protection traditionally used within data centers. GE Vernova…
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Jersey Mike’s Subs Shares Rise as Wall Street Launches Post-IPO Coverage
Jersey Mike’s Subs (NYSE:JMKE) shares gained 1.1% in pre-market trading to $24.13 as a wave of analyst coverage following the expiration of the company’s post-IPO quiet period generated fresh interest in the restaurant stock. The sandwich chain made its NYSE debut in late July, and several major brokerages have now initiated coverage with predominantly positive…
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Canada Goose Shares Slide After Wells Fargo Downgrade
Canada Goose (NYSE:GOOS) shares fell 5.5% in pre-market trading after Wells Fargo downgraded the luxury apparel company to “underweight” from “equal weight,” citing a series of structural challenges that could weigh on its near-term performance. The brokerage set a C$10.00 price target on the shares, adding further pressure to a stock that had already experienced…
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Nucor Shares Rebound After Tariff-Driven Volatility
Nucor stock (NYSE:NUE) climbed 2.6% in pre-market trading to $250, recovering some of the losses suffered during a volatile period for the U.S. steelmaker following renewed uncertainty over North American steel tariffs. The shares had retreated sharply from their 52-week high of $280.11 after reports emerged on August 19 of a tentative U.S.-Canada trade agreement…
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Cleveland-Cliffs Shares Rise After $1 Billion Middletown Modernisation Plan
Cleveland-Cliffs (NYSE:CLF) shares gained 2.0% in pre-market trading to $11.50, extending their advance from Friday after the steelmaker announced a $1 billion modernisation programme for its Middletown Works facility in Ohio. The four-year investment will be funded equally by Cleveland-Cliffs and a $500 million award from the U.S. Department of Energy. The programme is designed…
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Super X AI Technology Stock Climbs on Japan Growth and Buyback Momentum
Super X AI Technology (NASDAQ:SUPX) shares rose 7.7% in pre-market trading on Monday as investors reacted to a series of positive corporate developments, led by accelerating server deliveries from the company’s Japanese operations and continued momentum in its artificial intelligence infrastructure strategy. The latest gains follow a string of announcements over the past ten days…
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PulteGroup Shares Rise After Wolfe Research Upgrade
PulteGroup (NYSE:PHM) shares gained 1.8% in pre-market trading after Wolfe Research upgraded the U.S. homebuilder to Outperform from Peerperform, highlighting the company’s stronger earnings resilience relative to competitors. Wolfe’s latest analysis showed that its 2026 earnings-per-share forecast for PulteGroup has been reduced by just 2.7% compared with its estimate at the beginning of the year.…