Category: Latest News
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Stellantis Downgraded Amid Earnings and Cash Flow Concerns
Wolfe Research lowered its rating on Stellantis (NYSE:STLA) to Underperform on Wednesday, highlighting significant risks to the company’s earnings and free cash flow due to ongoing structural challenges and unfavorable macroeconomic conditions. In its updated Autos Playbook for the latter half of 2025, Wolfe analysts stated, “We downgrade STLA to UP from PP with EUR…
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Instil Bio Shares Surge on FDA Clearance for Investigational Cancer Therapy
Instil Bio Inc. (NASDAQ:TIL) saw its stock jump 10% after the company announced that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND) application for AXN-2510. The clinical-stage biopharmaceutical company plans to begin a Phase 1 trial of AXN-2510 as a standalone treatment for patients with relapsed or refractory solid…
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Eos Energy Shares Gain After Securing Second DOE Loan Tranche
Eos Energy Enterprises Inc. (NASDAQ:EOSE) saw its stock rise 4.1% in premarket trading after the company announced it had received the second tranche of funding from the U.S. Department of Energy’s Loan Programs Office. The additional funds are part of a broader loan agreement aimed at boosting domestic battery manufacturing. Eos stated the tranche will…
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Archer Aviation Shares Climb After Midnight Aircraft Completes Test Flight in Abu Dhabi
Archer Aviation Inc. (NYSE:ACHR) shares rose 2% after the company successfully conducted its first test flight of the Midnight electric aircraft in Abu Dhabi — a pivotal moment in its push toward launching commercial air taxi services in the UAE. The demonstration took place at Al Bateen Executive Airport and was attended by high-level officials…
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UniFirst Tops EPS Forecasts in Q3, Boosts Full-Year Earnings Outlook
UniFirst Corporation (NYSE:UNF) reported stronger-than-expected third-quarter earnings on Tuesday, with its adjusted EPS of $2.13 edging past the consensus estimate of $2.10. Despite revenue coming in slightly below expectations, the stock rose 0.64% in pre-market trading. For the quarter ended May 31, UniFirst generated $610.8 million in revenue—a 1.2% year-over-year increase but just shy of…
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Ross Stores Rises After Jefferies Upgrade on Valuation, Margin Rebound Outlook
Ross Stores (NASDAQ:ROST) saw its stock gain about 2% in Wednesday’s premarket session, climbing to $132.55, after Jefferies analysts upgraded the stock to “Buy,” citing a compelling valuation relative to peers and improving profit potential over the next few years. The firm raised its price target to $150, projecting a roughly 13% upside. Jefferies noted…
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Del Monte Foods Seeks Bankruptcy Protection, Eyes Asset Sale Under Restructuring Plan
Del Monte Foods (NYSE:FDP), the U.S. division of Singapore’s Del Monte Pacific, has filed for Chapter 11 bankruptcy protection as it prepares to sell off much of its business. The company said it has entered into a restructuring support agreement with key term-loan lenders, laying the groundwork for a sale of most or all of…
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Rivian Reports Q2 2025 Vehicle Stats, Confirms $1B Volkswagen Investment
Rivian Automotive Inc. (NASDAQ:RIVN) shared its second-quarter 2025 production and delivery figures on Tuesday, alongside details of a major investment from Volkswagen Group. During the quarter ending June 30, Rivian produced 5,979 vehicles at its Normal, Illinois facility and delivered 10,661 vehicles to customers. The company noted that manufacturing volumes were intentionally constrained as it…
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Dow Jones, S&P, Nasdaq, U.S. Futures Slip as Private Sector Job Losses Surprise Investors
Stock index futures were pointing to a slightly weaker start on Wall Street Wednesday, as markets digested an unexpected decline in U.S. private sector employment and weighed recent gains. Futures for the Dow, S&P 500, and Nasdaq all edged lower in early premarket trade after a report from ADP revealed the U.S. private sector shed…
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U.S. Private Sector Sheds Jobs in June Amid Hiring Slowdown
The U.S. private sector unexpectedly lost jobs in June, marking a surprise contraction in employment, according to new figures released Wednesday by payroll provider ADP. The data showed a net loss of 33,000 jobs last month, reversing a modest gain of 29,000 in May, which was itself revised downward from an earlier estimate of 37,000.…