ADVFN US – Market Content Editor
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Eos Energy Shares Gain After Securing Second DOE Loan Tranche
Eos Energy Enterprises Inc. (NASDAQ:EOSE) saw its stock rise 4.1% in premarket trading after the company announced it had received the second tranche of funding from the U.S. Department of Energy’s Loan Programs Office. The additional funds are part of a broader loan agreement aimed at boosting domestic battery manufacturing. Eos stated the tranche will…
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Archer Aviation Shares Climb After Midnight Aircraft Completes Test Flight in Abu Dhabi
Archer Aviation Inc. (NYSE:ACHR) shares rose 2% after the company successfully conducted its first test flight of the Midnight electric aircraft in Abu Dhabi — a pivotal moment in its push toward launching commercial air taxi services in the UAE. The demonstration took place at Al Bateen Executive Airport and was attended by high-level officials…
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UniFirst Tops EPS Forecasts in Q3, Boosts Full-Year Earnings Outlook
UniFirst Corporation (NYSE:UNF) reported stronger-than-expected third-quarter earnings on Tuesday, with its adjusted EPS of $2.13 edging past the consensus estimate of $2.10. Despite revenue coming in slightly below expectations, the stock rose 0.64% in pre-market trading. For the quarter ended May 31, UniFirst generated $610.8 million in revenue—a 1.2% year-over-year increase but just shy of…
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Ross Stores Rises After Jefferies Upgrade on Valuation, Margin Rebound Outlook
Ross Stores (NASDAQ:ROST) saw its stock gain about 2% in Wednesday’s premarket session, climbing to $132.55, after Jefferies analysts upgraded the stock to “Buy,” citing a compelling valuation relative to peers and improving profit potential over the next few years. The firm raised its price target to $150, projecting a roughly 13% upside. Jefferies noted…
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Del Monte Foods Seeks Bankruptcy Protection, Eyes Asset Sale Under Restructuring Plan
Del Monte Foods (NYSE:FDP), the U.S. division of Singapore’s Del Monte Pacific, has filed for Chapter 11 bankruptcy protection as it prepares to sell off much of its business. The company said it has entered into a restructuring support agreement with key term-loan lenders, laying the groundwork for a sale of most or all of…
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Rivian Reports Q2 2025 Vehicle Stats, Confirms $1B Volkswagen Investment
Rivian Automotive Inc. (NASDAQ:RIVN) shared its second-quarter 2025 production and delivery figures on Tuesday, alongside details of a major investment from Volkswagen Group. During the quarter ending June 30, Rivian produced 5,979 vehicles at its Normal, Illinois facility and delivered 10,661 vehicles to customers. The company noted that manufacturing volumes were intentionally constrained as it…
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Dow Jones, S&P, Nasdaq, U.S. Futures Slip as Private Sector Job Losses Surprise Investors
Stock index futures were pointing to a slightly weaker start on Wall Street Wednesday, as markets digested an unexpected decline in U.S. private sector employment and weighed recent gains. Futures for the Dow, S&P 500, and Nasdaq all edged lower in early premarket trade after a report from ADP revealed the U.S. private sector shed…
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U.S. Private Sector Sheds Jobs in June Amid Hiring Slowdown
The U.S. private sector unexpectedly lost jobs in June, marking a surprise contraction in employment, according to new figures released Wednesday by payroll provider ADP. The data showed a net loss of 33,000 jobs last month, reversing a modest gain of 29,000 in May, which was itself revised downward from an earlier estimate of 37,000.…
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Cyngn Shares Jump 18% After Announcing $32 Million Capital Raise to Fund Operations Through 2027
Cyngn (NASDAQ:CYN) stock surged 18% following a shareholder briefing that confirmed the company secured $32 million in new funding, ensuring operational stability through 2027. The autonomous vehicle tech firm completed this financing round last week by fully tapping its shelf registration, bolstering its financial position without needing immediate additional capital. Cyngn’s DriveMod autonomous system is…
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Cipher Mining Shares Gain as Black Pearl Site Surpasses Hashrate Expectations
Cipher Mining Inc. (NASDAQ:CIFR) saw its stock climb 7% following the announcement that Phase I of its Black Pearl mining facility is now operating at roughly 3.4 EH/s of self-mining capacity, surpassing the company’s earlier projection of 2.5 EH/s for Q2 2025. The firm reported that its overall self-mining hashrate has reached about 16.8 EH/s,…