Category: Top Story

Shares of Draganfly Inc. (NASDAQ:DPRO) surged 13% on Tuesday following news that the U.S. Army has chosen the company to provide its Flex FPV drone systems. Under the agreement, the drone technology firm will supply advanced Flex FPV (First Person View) drones and assist in setting up local manufacturing at U.S. Forces bases overseas. The…

Shares of CRH (NYSE:CRH) rose 5% on Tuesday morning after the building materials giant outlined aggressive new growth plans at its Investor Day in New York. The company, recognized as a global leader in construction materials and a dominant infrastructure provider in North America, laid out financial objectives for the 2026–2030 period. Targets include compound…

United Natural Foods, Inc. (NYSE:UNFI) saw its stock rise 2.7% in premarket trading Tuesday after posting fourth-quarter earnings that topped analyst estimates, despite disruption from a cyberattack during the period. The food distributor reported an adjusted loss of -$0.11 per share, ahead of consensus expectations of -$0.16. Quarterly revenue reached $7.7 billion, beating forecasts of…

Shares of QuantumScape (NYSE:QS) jumped 9% on Tuesday after the solid-state battery innovator revealed a collaboration with Corning (NYSE:GLW) to develop ceramic separator manufacturing at scale. The partnership is designed to pave the way for large-scale production of QuantumScape’s ceramic separators, a critical component of its solid-state battery technology. The initiative marks a key step…

Exxon Mobil Corp. (NYSE:XOM) is set to cut roughly 2,000 jobs across its global operations as the Houston-based energy giant consolidates smaller offices into larger regional hubs, Bloomberg reported Tuesday. The reductions account for about 3% to 4% of Exxon’s worldwide workforce and form part of the company’s broader initiative to boost efficiency, CEO Darren…

Coty (NYSE:COTY) revealed on Tuesday that it has launched a strategic review of its consumer beauty division, as the company turns greater attention toward its higher-margin fragrance business. The company is now aligning its Prestige Beauty and Mass Fragrance operations more closely. Fragrances currently represent 69% of Coty’s total sales, and the integration is expected…

Economists at Deutsche Bank caution that recent improvements in U.S. productivity may not fully alleviate price pressures, particularly given slower population growth and broad tariffs, which could constrain the Federal Reserve’s ability to lower interest rates. In a note, researchers led by Matthew Luzzetti highlighted that productivity growth over the past two years has marked…

EchoStar (NASDAQ:SATS) saw its shares rise more than 6% in premarket trading Tuesday after reports suggested that Verizon Communications (NYSE:VZ) is exploring the purchase of the company’s wireless spectrum. Bloomberg reported Monday that Verizon is in talks to acquire EchoStar’s AWS-3 licenses, which support 5G network operations. If finalized, the transaction would place Verizon alongside…

The U.S. dollar edged lower on Tuesday as investors weighed the risk of a looming government shutdown and the release of important employment statistics. By 05:25 ET (09:25 GMT), the Dollar Index, which tracks the greenback against six major currencies, fell 0.2% to 97.442. Shutdown Risks Heighten Market Uncertainty With lawmakers racing against the clock…

Talk of a bubble in the U.S. stock market has intensified as the S&P 500 approaches record levels, yet some analysts suggest there’s still upside potential. John Higgins, chief markets economist at Capital Economics, sees room for the index to surpass his current 6,750 forecast for the end of 2025 and possibly extend gains into…