Category: Top Story
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Circle Internet Shares Rise as Visa Explores Stablecoin Payments Pilot
Circle Internet (NYSE:CRCL) stock gained 3% Tuesday morning after Bloomberg reported that Visa Inc. is trialing a program using Circle’s stablecoins for cross-border transactions. The pilot will leverage Circle Internet Group Inc.’s USDC dollar-backed and EURC euro-backed stablecoins on Visa Direct, the network’s real-time payment platform. The initiative is designed to give banks, financial institutions,…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Stocks Could Slip as Government Shutdown Concerns Loom
U.S. stock futures are signaling a modestly lower open on Tuesday, suggesting that equities could pull back after two sessions of mostly gains. Investors may seek to take profits following recent market strength as attention turns to the looming risk of a government shutdown. Lawmakers face a deadline of 12:01 a.m. ET on Wednesday to…
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Qualigen Therapeutics shares spike after securing $41M PIPE financing
Qualigen Therapeutics (NASDAQ:QLGN) saw its stock jump 18% on Tuesday after announcing the completion of a $41 million private investment in public equity (PIPE) deal led by Faraday Future Intelligent Electric (NASDAQ:FFAI). The fundraising signals a major pivot for the company, which intends to rebrand as CXC10 and shift its focus toward Web3 and cryptocurrency…
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Draganfly shares jump after U.S. Army contract for drone systems
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…
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CRH shares climb after setting bold five-year financial goals
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…
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United Natural Foods shares advance as Q4 results surpass forecasts
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…
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QuantumScape surges after teaming up with Corning on ceramic separators
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…
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Exxon plans to reduce 2,000 positions worldwide amid restructuring effort
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…
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Coty to evaluate $1.6 billion consumer beauty segment, strengthens fragrance operations
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…
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U.S. productivity gains may not ease inflation pressures, Deutsche Bank warns
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…