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Sinclair Shares Jump 20% Amid Strategic Review of Broadcast Unit
Shares of Sinclair, Inc. (NASDAQ:SBGI) surged 20% following the announcement of a broad strategic review targeting its broadcast business, indicating possible moves toward consolidation within the industry. The company’s board has unanimously approved an assessment to explore opportunities that could enhance shareholder value, including potential acquisitions, partnerships, or mergers with other players in the broadcast,…
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USA Rare Earth Jumps 20% on Magnet Supply Deal with Enduro Pipeline Services
USA Rare Earth, Inc. (NASDAQ:USAR) shares climbed 20% after the company revealed it had signed a memorandum of understanding (MOU) with Enduro Pipeline Services to provide U.S.-manufactured neodymium magnets for pipeline cleaning equipment. Per the agreement, USA Rare Earth will supply magnets for Enduro’s “intelligent pigs” — specialized tools that clean and inspect pipelines using…
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AAR Corp Buys Aerostrat in $15 Million Deal to Boost Aviation Software Portfolio
AAR CORP. (NYSE:AIR), a leader in aviation services, has purchased Aerostrat, a specialist in long-range maintenance planning software, for $15 million, with the potential for an additional $5 million in contingent payments. The move strengthens AAR’s digital solutions portfolio and enhances the enterprise resource planning (ERP) capabilities of its Trax subsidiary. Aerostrat’s signature product, Aerros,…
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BlackSky Shares Gain on New Two-Year Gen-3 Agreement
BlackSky Technology Inc. (NYSE:BKSY) saw its shares rise 5% after revealing it had signed a two-year Gen-3 early access deal with a new international client. The customer had first engaged with the company through a Gen-2 On-Demand contract in January, marking a quick escalation in their partnership. The agreement underscores heightened interest in BlackSky’s integrated…
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Tesla Reassigns Engineering Teams After Shutting Down Dojo AI Project – Bloomberg
Tesla Inc. (NASDAQ:TSLA) has redistributed its engineering workforce across various departments after CEO Elon Musk decided to halt the company’s in-house chip and supercomputer initiative, known as Dojo. According to Bloomberg, citing sources familiar with the matter, the disbanded Dojo team has been divided, with staff integrated into multiple units within the electric vehicle manufacturer.…
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Boeing Delivers 48 Jets in July, Topping 2024 Levels but Slipping from June
Boeing Co. (NYSE:BA) delivered 48 aircraft in July, down from the 60 handed over in June, but surpassing last year’s July total by five units — the company’s strongest July performance since 2017. The month’s shipments included 37 of the 737 MAX model, with 20 going to leasing companies and 17 to airlines. Boeing also…
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Meta Shares Hit Record $786 as AI Push and Ad Growth Drive Momentum
Meta Platforms Inc. (NASDAQ:META) has set a fresh record, with its stock climbing to an all-time high of $786.00. The social media and tech giant, now valued at approximately $1.95 trillion, has gained 47.71% over the past year, a rally fueled by investor confidence in its strategic vision and future growth in the technology space.…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Rise as Inflation Data Fuels Rate-Cut Hopes
Futures tied to the major U.S. stock indexes were in positive territory on Tuesday morning, pointing to a higher open after fresh inflation data met expectations and bolstered hopes for a Federal Reserve rate cut next month. The Labor Department reported that the consumer price index climbed 0.2% in July, following a 0.3% gain in…
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U.S. inflation rises in July, matching forecasts
Consumer prices in the United States increased in July in line with economists’ projections, according to data released Tuesday by the Labor Department. The Consumer Price Index (CPI) advanced 0.2% for the month, following a 0.3% gain in June. The uptick met consensus expectations. On a yearly basis, CPI growth held steady at 2.7%, the…
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Circle posts 53% revenue jump, unveils Arc blockchain for next-gen stablecoin payments
Circle Internet Group (NYSE:CRC) reported its first quarterly earnings since going public, revealing second-quarter 2025 revenue of $658 million — a 53% increase compared with the same period last year. Despite strong top-line growth driven by surging USDC stablecoin circulation, the company posted a net loss of $482 million. The loss was largely due to…