ADVFN US – Market Content Editor
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MARA Holdings shares climb after $1 billion convertible debt buyback
Shares of MARA Holdings (NASDAQ:MARA) gained about 5% in Thursday morning trading after the company revealed plans to repurchase roughly $1 billion of its outstanding convertible debt, even as bitcoin prices showed weakness. The digital energy and infrastructure firm said it had reached privately negotiated agreements to buy back about $367.5 million in principal of…
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AppLovin shares drop 7% amid concerns over e-commerce demand and client churn
Shares of AppLovin (NASDAQ:APP) fell as much as 7% during the session after industry feedback pointed to softer e-commerce spending trends and signs of customer churn during the first quarter. The decline followed comments from e-commerce advertisers highlighting scaling difficulties on the platform, with returns on investment tending to weaken as marketing budgets grow beyond…
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Barrick slows development of Pakistan’s Reko Diq mine amid regional security concerns
Barrick Mining (NYSE:B) is delaying progress on its major copper and gold project in Pakistan as escalating tensions in the Middle East and a worsening security situation in the region raise concerns about project stability. The Toronto-based miner initiated a review of the Reko Diq project last month after separatist violence intensified in Pakistan’s Balochistan…
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Vivos Therapeutics secures Nevada insurer access and implements cost cuts
Vivos Therapeutics Inc. (NASDAQ:VVOS) said physician-owned practices supported by its Nevada-based management services subsidiary have obtained in-network status with several commercial insurers as well as participating provider status with Medicare. The network agreements include coverage from Medicare, TRICARE, UnitedHealthcare, UMR, Intermountain Health, Select Health, CareSource, Anthem, Aetna, Cigna, Health Plan of Nevada, Humana, Molina and…
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U.S. weekly jobless claims tick up slightly above expectations
The latest U.S. labor market data showed a modest increase in initial jobless claims, with 210,000 people filing for unemployment benefits for the first time last week. The figure came in slightly above expectations, with economists having forecast around 211,000 claims. Initial jobless claims — which track the number of individuals seeking unemployment benefits for…
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U.S. stocks poised for weaker open amid renewed oil market volatility: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures indicate a significantly lower start to Thursday’s session, suggesting markets may retreat after the gains recorded in the previous trading day. Ongoing turbulence in oil markets is expected to weigh on investor sentiment, with international benchmark Brent crude futures jumping more than 5% after dropping over 2% during Wednesday’s session. The rebound…
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Shoe Carnival tops Q4 earnings forecasts as revenue misses estimates
Shoe Carnival, Inc. (NASDAQ:SCVL) reported fourth-quarter results on Thursday that beat earnings expectations but fell slightly short on revenue. The footwear retailer posted adjusted earnings per share of $0.33, exceeding the analyst consensus of $0.30 by $0.03. Quarterly revenue totaled $254.1 million, missing the forecast of $255.83 million and declining 3.4% from $262.9 million in…
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Rockwell Medical tops earnings forecasts but shares slip on revenue decline
Rockwell Medical, Inc. (NASDAQ:RMTI) reported fourth-quarter results on Thursday that exceeded analyst expectations. Despite the earnings beat, the company’s shares fell 1.92% in pre-market trading after the announcement, as investors reacted to a sharp year-over-year drop in revenue. The hemodialysis products manufacturer posted adjusted earnings per share of $0.02 for the quarter, surpassing the analyst…
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IBM quantum system models magnetic materials with results matching lab experiments
IBM (NYSE:IBM) said its quantum computer has successfully simulated the behavior of real magnetic materials, producing results that align with neutron scattering experiments carried out at U.S. national laboratories. The research was conducted by scientists from the Department of Energy-funded Quantum Science Center at Oak Ridge National Laboratory together with researchers from Purdue University, the…
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Super Micro hit with shareholder lawsuit over alleged China export violations
Super Micro Computer (NASDAQ:SMCI) is facing a proposed class action lawsuit filed Wednesday in California by shareholders who allege the company failed to disclose violations of U.S. export rules tied to sales involving China. According to the complaint, investors claim the server manufacturer overstated its share price by not revealing that a significant portion of…