Category: Latest News
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U.S. Stocks Reach Record Closing Highs Ahead Of Inflation Data
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Tuesday. The major averages added to the gains posted during Monday’s session, reaching new record closing highs. The major averages pulled back off their highs going into the close but remained in positive…
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QMMM Stock Jumps 30% Following Move Into Cryptocurrency Sector
Shares of QMMM Holdings Ltd. (NASDAQ:QMMM) surged 30% after the company unveiled plans to expand into the cryptocurrency and blockchain AI space. The Hong Kong-based firm, known for its digital media advertising and virtual avatar technologies, intends to combine artificial intelligence with blockchain to develop cryptocurrency analytics and establish a crypto-autonomous ecosystem. QMMM plans to…
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Wells Fargo CFO Notes Strong Consumer Spending and Healthy Credit
U.S. consumers continue to spend actively and keep up with their payments, reflecting robust financial health, Wells Fargo Chief Financial Officer Mike Santomassimo said Tuesday. “Despite what you may read in terms of softening, we are seeing activity levels still to be quite strong and credit performance to still be quite good on the consumer…
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Vertical Aerospace Shares Rise Following Completion of Major Flight Test Phase
Vertical Aerospace (NYSE:EVTL) shares gained 1% in premarket trading after the company confirmed it had successfully completed phase 3 wingborne testing with its full-scale VX4 prototype, achieving stable and efficient flight performance. The aircraft exceeded expectations during piloted flights covering 250 miles (400 km), generating over 22 billion data points. Vertical Aerospace is now moving…
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Atlassian Shares Surge as Data Center Phaseout Could Drive Cloud Expansion
Atlassian (NASDAQ:TEAM) stock climbed 6% in premarket trading Tuesday following the company’s announcement to retire its Data Center products over the next six years, a move analysts say could accelerate cloud adoption and revenue growth. The transition begins in March 2026, when new Data Center license sales will end. Existing licenses and app sales will…
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Ameresco Shares Jump on Navy Partnership for AI-Optimized Data Center
Ameresco, Inc. (NYSE:AMRC) stock rose 8% following the announcement of a collaboration with the U.S. Navy to build a 100 MW AI-optimized data center and supporting energy infrastructure at Naval Air Station (NAS) Lemoore. The initiative, which Ameresco anticipates will be among its largest energy assets, includes the creation of a new microgrid with engine…
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Ondas Holdings Shares Drop After $200 Million Stock Offering Pricing
Ondas Holdings (NASDAQ:ONDS) saw its shares decline 12.5% on Tuesday following the pricing of a $200 million underwritten common stock offering at $5.00 per share. The autonomous aerial and ground robotics intelligence and private wireless solutions company said it plans to sell 40 million shares, with the offering price reflecting a discount to Monday’s closing…
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Corebridge Financial Appoints Marc Costantini as CEO
Corebridge Financial Inc. (NYSE:CRBG) announced that its board of directors has selected Marc Costantini as the company’s new chief executive officer, effective December 1, 2025. On the same date, Costantini will also join Corebridge’s board of directors. Current CEO Kevin Hogan will transition to a role as special advisor to the board, remaining in this…
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Energy Fuels Shares Rise as U.S.-Produced Rare Earths Qualify for EV Magnets
Energy Fuels (AMEX:UUUU) shares climbed 4% Tuesday after the company confirmed that its domestically mined and processed rare earth elements have successfully been converted into permanent magnets suitable for electric and hybrid vehicles. The firm reported that high-purity neodymium-praseodymium (NdPr) oxide from its White Mesa Mill in Utah met all quality standards for use in…
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Cognyte Software Tops Q2 Revenue Estimates, Raises 2026 Forecast
Cognyte Software Ltd. (NASDAQ:CGNT) posted second-quarter revenue that surpassed analyst expectations and raised its full-year guidance, driven by strong demand for its AI-powered investigative analytics solutions. Shares in the Israel-based software company rose 0.84% following the announcement. For the quarter ending July 31, 2025, Cognyte reported revenue of $97.5 million, beating the consensus estimate of…