Category: Include on Menu
-
Citi Trends Names New Director, Reshuffles Finance Committee and Extends Fund 1 Pact
Citi Trends, Inc. (NASDAQ:CTRN) unveiled a series of governance changes Thursday, including a board departure and new independent appointment, a leadership transition on its Finance Committee, and a one-year extension of its cooperation agreement with Fund 1 Investments, LLC. The off-price retailer said Wes Calvert stepped down from its Board of Directors effective February 19,…
-
Envirotech Vehicles Shares Surge After Order for Azio AI ASIC Systems
Envirotech Vehicles Inc. (NASDAQ:EVTV) jumped 15% in premarket trading Friday after Azio AI Corporation disclosed it had secured its first purchase order from the company for 28 advanced ASIC computing systems. Azio said full payment for the initial batch has already been received. Deliveries of the new ASIC units are expected to begin in the…
-
U.S. Economy Loses Momentum in Q4 as GDP Growth Falls Sharply
U.S. economic expansion cooled significantly in the final quarter of 2025, coming in well below market expectations, according to fresh data from the Commerce Department. Gross domestic product grew at an annualized rate of 1.4% in the fourth quarter, a steep drop from the 4.4% surge recorded in the third quarter. Economists had projected growth…
-
U.S. Inflation Edges Higher in December as Core PCE Tops Forecasts
U.S. inflation picked up slightly more than expected at the end of the year, according to closely watched data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index — the Federal Reserve’s preferred inflation gauge — rose 0.4% in December, following a 0.2% increase in November. Economists had projected a more…
-
Futures Signal Early Decline on Wall Street After Fresh Economic Reports: Dow Jones, S&P, Nasdaq
U.S. stock futures are indicating a weaker open on Friday, suggesting equities may extend losses after closing slightly lower in the prior session. The softer tone follows investor reaction to a batch of key economic releases, including the Federal Reserve’s preferred gauge of consumer inflation. Data published by the Commerce Department showed that U.S. consumer…
-
Kraken owner Payward snaps up Magna to expand token services ahead of potential IPO
Payward, the parent company of crypto exchange Kraken, has acquired token management startup Magna as it broadens its platform in advance of a possible initial public offering. The transaction was announced on Kraken’s blog on Feb. 18, though the financial details were not revealed. Magna provides software that enables crypto projects to oversee token vesting…
-
Western Union slips after Q4 revenue falls short of forecasts
Western Union Company (NYSE:WU) reported fourth-quarter results that beat earnings expectations but missed on revenue, sending shares down about 2.5% following the release. The payments and money transfer provider posted adjusted earnings per share of $0.45 for the quarter, exceeding the $0.43 analyst consensus. Revenue, however, totaled $1.0 billion — below the $1.04 billion expected…
-
Select Water Solutions slides 8% after discounted share offering
Shares of Select Water Solutions Inc. (NYSE:WTTR) fell 8% on Friday morning after the company revealed the pricing of a public stock offering at a discount to its most recent closing price. The company is issuing 13,725,491 shares of its Class A common stock at $12.75 per share. That price sits roughly 10% below Thursday’s…
-
PPL slips nearly 4% after Q4 results meet estimates and $23B capital plan update
PPL Corp. (NYSE:PPL) reported fourth-quarter earnings that matched Wall Street expectations on Friday while outlining an expanded long-term investment strategy that carries its growth targets through 2029. Shares fell 3.87% in pre-market trading following the announcement. For the fourth quarter, earnings from ongoing operations came in at $0.41 per share, in line with analyst projections.…
-
Organon climbs 6% after audit clears company of wrongdoing
Shares of Organon & Co. (NYSE:OGN) gained 6% on Friday morning after the company announced that an internal investigation found no evidence of misconduct tied to prior biosimilar purchases from a supplier. According to a filing with the U.S. Securities and Exchange Commission, the audit committee of Organon’s board — supported by external legal counsel…