Category: Latest News

Elon Musk is facing mounting challenges after stepping away from his role as an advisor to Donald Trump in order to refocus on his struggling electric vehicle company, Tesla. This shift comes at a critical time, as investor confidence—key to Musk’s status as the world’s richest person—may be slipping. In a column for The Atlantic,…

Gogo Inc. (NASDAQ:GOGO) saw its stock rise by 8% in early trading Wednesday after announcing a pivotal advancement in its 5G network rollout: the successful completion of its first end-to-end call using next-generation 5G technology. The test call, conducted on June 16, confirmed the full functionality of Gogo’s new 5G chip developed by GCT Semiconductor…

Shares of Houston American Energy Corp. (AMEX:HUSA) fell sharply by 20% on Wednesday after the company revealed a registered direct offering worth $2.37 million. This pullback erased much of Tuesday’s substantial 89% rally. The Texas-based energy firm disclosed that it has entered into a binding agreement with an institutional investor to sell 223,762 shares of…

Steel Dynamics Inc. (NASDAQ:STLD) released its earnings outlook for the second quarter of fiscal 2025 on Wednesday, projecting earnings per diluted share between $2.00 and $2.04. This represents an improvement from the $1.44 per share reported in Q1 2025, though it trails the $2.72 per share earned during the same period last year. The company…

Shares of Nucor Corp. (NYSE:NUE) climbed roughly 3% on Wednesday after the steelmaker issued a stronger-than-anticipated earnings forecast for the second quarter. The company said it expects earnings per share between $2.55 and $2.65, outperforming the Bloomberg consensus estimate of $2.30. Nucor indicated that profit growth is anticipated across all three of its main business…

Bitdeer Technologies Group (NASDAQ:BTDR) saw its stock fall by 6.3% in premarket trading after the cryptocurrency mining firm announced the pricing of its expanded $330 million convertible senior notes offering. The notes, carrying a 4.875% interest rate and maturing in 2031, are convertible into Class A shares at an initial price of $15.88—a 25% premium…

Shares of Korn Ferry (NYSE:KFY) climbed 2.2% in premarket trading on Wednesday after the global organizational consulting firm posted fourth-quarter results that topped Wall Street expectations and issued a confident forecast for the months ahead. For the fiscal fourth quarter ending April 30, the company reported adjusted earnings per share of $1.32, exceeding analysts’ consensus…

GMS Inc. (NYSE:GMS), a leading distributor of specialty building materials, announced its fiscal fourth-quarter 2025 results on Wednesday, revealing a mixed performance amid persistent challenges in its core markets. The company posted adjusted earnings per share of $1.29, comfortably beating analyst expectations of $1.11. However, quarterly revenue fell short, coming in at $1.33 billion, missing…

First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims dipped to 245,000, a decrease of 5,000 from the previous week’s revised level of 250,000. Economists had expected jobless claims to slip to…

The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a modestly higher open on Wednesday, with stocks likely to move back to the upside after coming under pressure over the course of the previous session. The upward momentum on Wall Street comes despite ongoing concerns about the ongoing…