Category: Top Story
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Clean Energy Technologies stock drops sharply following 1-for-15 reverse split
Shares of Clean Energy Technologies Inc (NASDAQ:CETY) fell 31% in premarket trading on Wednesday after the company carried out a 1-for-15 reverse stock split of its common shares. The reverse split, approved for filing by the State of Nevada on September 26, consolidates every 15 existing shares into a single new share. This adjustment applies…
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William Blair Says Tesla’s Lofty Valuation Makes Bullish Case Tougher
William Blair analysts increased their Q3 delivery projections for Tesla (NASDAQ:TSLA) on Tuesday, but cautioned that the stock’s high valuation makes it “increasingly difficult” to maintain a positive outlook. In a note ahead of Tesla’s results on October 2, the firm highlighted that the expiration of the $7,500 U.S. electric vehicle tax credit has spurred…
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Netflix shares dip as Elon Musk urges cancellations
Netflix (NASDAQ:NFLX) saw its stock drop 2% Wednesday morning following comments from Elon Musk, who encouraged his followers to terminate their subscriptions to the streaming platform. “Cancel Netflix for the health of your kids,” Musk wrote on X, responding to a post accusing the company of promoting a transgender agenda. The Tesla CEO, who has…
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US Private Sector Employment Falls Short of Forecast, ADP Data Shows
The latest ADP National Employment Report highlighted a notable decline in private-sector, non-farm employment in the United States, raising questions about near-term economic momentum. Drawing on payroll data from roughly 400,000 U.S. businesses, the report showed a decrease of 32,000 jobs. This figure fell well below analysts’ expectations, which had anticipated a gain of 52,000…
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Dow Jones, S&P, Nasdaq, Futures, Wall Street Eyes Lower Open as U.S. Shutdown Sparks Uncertainty
U.S. stock index futures were pointing to a weaker start on Wednesday, with markets bracing for a potential pullback following a string of recent gains. The shift in sentiment came after the federal government entered a shutdown early this morning, as lawmakers once again failed to agree on a short-term funding measure. The standoff stems…
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Conagra Brands shares climb after Q1 earnings surpass expectations amid inflationary pressures
Conagra Brands, Inc. (NYSE:CAG) saw its stock rise approximately 2.1% in premarket trading Wednesday after reporting first-quarter fiscal 2026 results that beat analyst forecasts, despite ongoing challenges from inflation and cautious consumer demand. The Chicago-based food company posted adjusted earnings per share of $0.39 for the quarter ending August 24, exceeding the expected $0.33 by…
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Peloton shares climb on AI-driven coaching launch and new cross-training lineup
Peloton Interactive (NASDAQ:PTON) saw its stock rise 4% in premarket trading Wednesday following the rollout of an upgraded product suite featuring AI-based personal coaching and a new Cross Training Series. The company introduced Peloton IQ, a system combining artificial intelligence and computer vision to offer tailored guidance for users. Alongside this, Peloton launched its Cross…
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RPM beats revenue forecasts, updates full-year guidance; shares slide
RPM International (NYSE:RPM) reported fiscal first-quarter results in line with profit expectations, while revenue exceeded analyst estimates, prompting the company to revise its outlook. Shares fell 5% in premarket trading on Wednesday as of 07:06 ET. The company posted earnings of $1.88 per share, matching analyst projections. Revenue climbed 7.4% year over year to a…
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Corteva announces plan to create two independent companies
Corteva (NYSE:CTVA) has revealed plans to split into two separate entities, separating its Crop Protection and Seed divisions. The agricultural giant will carry out the separation through a spin-off of its Seed business, the company said in a statement. The transaction is projected to finalize in the second half of 2026. Once completed, the split…
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Cal-Maine Foods shares fall after Q1 profit misses expectations
Shares of Cal-Maine Foods (NASDAQ:CALM), the largest egg producer in the U.S., dropped more than 2% in premarket trading after the company reported first-quarter earnings that came in below analyst forecasts. The company posted Q1 earnings of $4.12 per share, missing expectations of $4.65. Revenue for the quarter reached $922.6 million, up 17.4% compared with…