Category: Latest News
-
United Airlines Expects Slightly Lower Ticket Prices Amid Strong Summer Travel Demand
United Airlines Holdings (NASDAQ:UAL) projects that ticket prices for the upcoming spring and summer seasons will be somewhat lower than initially anticipated. This outlook was shared by Andrew Nocella, the airline’s Chief Commercial Officer, during a Bloomberg Television interview, which led to a 0.7% dip in United’s shares during premarket trading on Friday. Looking ahead…
-
EchoStar Shares Plunge Amid FCC Investigation and Missed Interest Payment
EchoStar Corporation (NASDAQ:SATS) saw its stock drop 21% after the company chose to skip a major interest payment due May 30, amid ongoing regulatory scrutiny. The satellite communications firm is currently under investigation by the Federal Communications Commission (FCC) over its compliance with federal 5G service obligations in the U.S. On May 9, 2025, the…
-
EOG Resources to Acquire Encino Acquisition Partners in $5.6 Billion Deal
EOG Resources (NYSE:EOG) announced on Friday its intention to acquire Encino Acquisition Partners in a $5.6 billion transaction, further expanding its footprint in Ohio’s Utica Shale region. The agreement was made with Encino Energy and the Canada Pension Plan Investment Board, who co-founded the Houston-based Encino Acquisition Partners in 2017 with the goal of acquiring…
-
Bank of America Sees Bright Future for Netflix, Boosts Price Target
Bank of America (BofA) has reaffirmed its optimistic stance on Netflix (NASDAQ:NFLX), raising its price target for the streaming giant to $1,490 from a previous $1,175 in a note issued to investors on Friday. Analysts at the firm emphasized Netflix’s market leadership, continued subscriber gains, and growing momentum in advertising and live content as key…
-
U.S. Consumer Prices Up Slightly In April
Consumer prices in the U.S. crept slightly higher in the month of April, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in April after coming in unchanged in March. The uptick matched economist estimates.…
-
Dow Jones, S&P, Nasdaq, Trump Accuses China Of Violating Trade Deal, Sending Futures Lower
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open for the markets on Friday, with stocks likely to give back ground after ending yesterday’s choppy session moderately higher. The futures came under pressure after President Donald Trump accused China of violating the trade agreement reached…
-
Shoe Carnival Shares Jump Over 11% After Beating Q1 Earnings Expectations
Shoe Carnival Inc. (NASDAQ:SCVL) saw its stock surge more than 11% in premarket trading Friday after the company delivered stronger-than-expected earnings for the first quarter, even as total revenue declined. The footwear retailer reported earnings per share of $0.34 for the quarter, topping Wall Street’s estimate of $0.30. Revenue came in at $277.7 million, down…
-
Palantir Stock Rises on Deepening Federal Ties, Despite Mounting Privacy Scrutiny
Palantir Technologies Inc. (NASDAQ:PLTR) saw its shares rise 0.8% in premarket trading following a report by The New York Times highlighting the company’s growing role in federal data initiatives under the Trump administration. The report disclosed that Palantir has been tapped to take a leading role in executing a new executive order aimed at enhancing…
-
Summit Therapeutics Shares Slip Following Mixed Results from Lung Cancer Trial
Summit Therapeutics Inc. (NASDAQ:SMMT) saw its stock decline by 3.5% today after releasing topline results from its Phase III HARMONi clinical trial. The study examined the effectiveness of ivonescimab when combined with chemotherapy in treating patients with EGFR-mutated non-small cell lung cancer who had progressed after prior treatment with third-generation EGFR tyrosine kinase inhibitors. The…
-
Trump Claims China Breached Trade Deal, Questions Past Conciliatory Approach
Former U.S. President Donald Trump criticized China’s recent trade actions in a post on Truth Social Friday, asserting that Beijing had broken the terms of a prior agreement made during his presidency. Trump claimed his administration’s imposition of steep tariffs had placed intense economic pressure on China, making it increasingly difficult for the country to…