Category: Latest News

General Motors (NYSE:GM) is scaling back production at its key electric vehicle plant in Spring Hill, Tennessee, amid a broader slowdown in the EV sector following changes to federal incentives for green vehicles under President Donald Trump’s administration. The automaker plans to pause production of two electric Cadillac SUVs—the midsize Lyriq and the larger Vistiq—during…

Agios Pharmaceuticals (NASDAQ:AGIO) stock fell 20% after the U.S. Food and Drug Administration extended the review period for its thalassemia treatment by three months. The FDA pushed back the Prescription Drug User Fee Act (PDUFA) target date for PYRUKYND (mitapivat) from September 7, 2025, to December 7, 2025, the company said. The delay follows Agios’…

Science Applications International Corporation (NASDAQ:SAIC) shares declined 9.7% on Thursday after the technology integrator posted mixed second-quarter results, with earnings exceeding expectations but revenue missing forecasts. The company also lowered its full-year revenue guidance amid a challenging business environment. The defense and government services provider reported adjusted earnings of $3.63 per share for Q2, well…

America’s Car-Mart (NASDAQ:CRMT) shares fell 12.6% Thursday after the used car retailer reported a first-quarter loss wider than expected and revenue below analyst forecasts, despite improvements in its credit portfolio quality. The company posted a loss of $0.69 per share for its fiscal first quarter, sharply below the $0.83 per share profit analysts had anticipated.…

John Wiley & Sons, Inc. (NYSE:WLY) reported first-quarter adjusted earnings per share of $0.49, well above analyst expectations of $0.32, while revenue reached $397 million, surpassing the consensus estimate of $375 million. The company reaffirmed its full-year guidance as it continues to expand its AI licensing initiatives. Overall first-quarter revenue dipped slightly from $404 million…

Endava Ltd (NYSE:DAVA) saw its shares tumble more than 20% in premarket trading Thursday after the software company’s guidance for the current quarter and full fiscal 2026 fell below analyst expectations. The company reported fiscal Q4 2025 earnings per share (EPS) of £0.24, slightly above the analyst consensus of £0.23. Revenue for the quarter came…

Lumen Technologies (NYSE:LUMN) stock rose 5% in premarket trading Thursday following the announcement of a collaboration with Palantir Technologies (NYSE:PLTR) aimed at accelerating the company’s business transformation. The partnership will integrate Palantir’s Foundry and Artificial Intelligence Platform (AIP) across Lumen’s operations, finance, and technology functions as the company transitions from a traditional telecom provider to…

Ciena Corporation (NYSE:CIEN) reported fiscal third-quarter earnings that significantly surpassed analyst expectations, fueled by accelerating demand for high-speed connectivity solutions supporting artificial intelligence infrastructure. The networking systems provider’s shares jumped 13% in premarket trading following the announcement. The company posted adjusted earnings per share of $0.67 for the quarter ended August 2, 2025, well above…

JetBlue Airways Corporation (NASDAQ:JBLU) has updated its third-quarter 2025 financial guidance, raising key metrics following robust summer travel demand and improved operational results. The airline reported that air travel demand remained strong throughout the peak summer season, with momentum extending through August and the Labor Day holiday. JetBlue highlighted particularly strong bookings within 14 days…

T. Rowe Price Group Inc. (NASDAQ:TROW) stock rose 3% in pre-market trading Thursday after Bloomberg reported that Goldman Sachs Group Inc. (NYSE:GS) plans to acquire up to $1 billion of T. Rowe stock through a private-funds partnership. The deal could see Goldman purchase as much as 3.5% of T. Rowe’s outstanding shares via “a series…