ADVFN US – Market Content Editor
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uCloudlink Cuts 2026 Revenue Guidance as Q2 Swings to Net Loss
uCloudlink Group Inc (NASDAQ:UCL) cut its full-year 2026 revenue guidance after second-quarter revenue declined and the mobile connectivity company swung from a profit to a loss, despite rapid growth across several newer business lines. The company now expects 2026 revenue of US$75 million to US$85 million, down from its previous US$85 million to US$100 million…
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MySize Naiz Fit Surpasses 500 Million Size Recommendations as Virtual Try-On Expansion Broadens Platform
MySize (NASDAQ:MYSZ) said its Naiz Fit platform has surpassed 500 million size recommendations as the company expands beyond AI sizing into Virtual Try-On and a broader range of fashion technology applications. The milestone gives Naiz Fit a data base spanning more than 10 million users and over 100 million connected garments across more than 100…
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Elauwit Connection Reports Record Contracted Units Growth as Q2 Revenue Falls 46%
Elauwit Connection (NASDAQ:ELWT) delivered record contracted units growth in the second quarter, but the expansion in its future revenue base contrasted with a sharp year-over-year decline in quarterly revenue and wider losses. The connectivity provider ended June with 42,687 contracted units, up 16% sequentially and 33% year over year, as management pointed to a heavier…
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American Airlines Expands Premium Seating and Restores Seatback Screens Across Fleet
American Airlines (NASDAQ:AAL) plans to significantly expand premium seating and restore seatback entertainment screens across its narrowbody fleet as the carrier seeks to improve its competitive position against Delta Air Lines (NYSE:DAL) and United Airlines (NASDAQ:UAL). The Fort Worth-based airline said premium seats are expected to account for around 40% of capacity on narrowbody departures…
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Disney Takes FCC to Court Over Early Review of ABC Station Licenses
Disney (NYSE:DIS) and its ABC unit filed a lawsuit against the Federal Communications Commission on Tuesday, seeking to prevent the regulator from conducting an early review of licenses covering eight ABC television stations. The company alleges that the unusual review amounts to retaliation by the Trump administration against the network and represents an attempt to…
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Goldman Sachs Agrees Deal to Buy LCN Capital Partners for Up to $410 Million
Goldman Sachs Group Inc (NYSE:GS) has agreed to acquire real estate investment manager LCN Capital Partners in a transaction potentially worth as much as $410 million, expanding its capabilities in sale-leaseback, build-to-suit and triple net lease investments. LCN managed approximately $3 billion in assets as of June 30, 2026 and operates across North America and…
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Xos Shares Rocket 120% After Securing First U.S. Air Force Contract
Xos Inc (NASDAQ:XOS) shares surged 120% in premarket trading on Tuesday after the electric commercial vehicle company secured a prototype contract from the U.S. Air Force, marking its first move into the defence market. The award will see Xos develop a mobile charging solution for electrified support equipment and vehicles, adapting technology already used across…
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BioMarin Shares Jump After $275 Million Deal to Acquire Alesta Therapeutics
BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) shares climbed 4.7% in premarket trading on Tuesday after the company agreed to acquire Alesta Therapeutics in a deal that expands its pipeline of treatments for rare genetic diseases. BioMarin will pay $275 million upfront for Alesta, with the agreement providing for up to an additional $215 million if specified development…
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Ondas Shares Drop After Agreeing $33 Million Aran Defense Acquisition
Ondas Holdings Inc (NASDAQ:ONDS) shares fell 4.9% in premarket trading on Tuesday after the company announced an agreement to acquire Aran Defense for approximately $33 million, a transaction designed to expand its manufacturing and engineering capabilities in Israel. Ondas has entered into a definitive agreement to purchase Aran Defense Ltd., the defence-focused division of Israeli…
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Nokia Shares Fall on Report of Major Mainland China Retreat
Nokia Corp ADR (NYSE:NOK) shares fell 4% in premarket trading on Tuesday following a report that the Finnish telecommunications equipment group is preparing to close almost all of its locations in mainland China by the end of the year. According to the South China Morning Post, Nokia intends to significantly reduce its mainland Chinese workforce…