ADVFN US – Market Content Editor

Tesla (NASDAQ:TSLA) reported delivering 384,122 vehicles in the second quarter of 2025, missing Wall Street’s consensus forecast of 390,000 units, according to the company’s Wednesday update. This figure also trails behind the 443,956 vehicles delivered in the same period last year. Despite the delivery shortfall, Tesla’s stock rose over 5% in premarket trading following the…

Mogo Inc. (NASDAQ:MOGO) saw its shares surge 205% following the announcement that its Board of Directors approved allocating up to $50 million to Bitcoin, as part of a broader strategy focused on long-term capital preservation and product innovation. The company intends to fund this investment through excess cash reserves and proceeds from monetizing parts of…

Microsoft Corporation (NASDAQ:MSFT) confirmed on Wednesday that it plans to reduce its workforce by up to 9,000 employees, according to a report from The Seattle Times. This reduction represents about 4% of Microsoft’s global staff, roughly 9,100 workers, marking the largest round of layoffs at the company since 2023. Microsoft employs over 228,000 people worldwide.…

Wolfe Research lowered its rating on Stellantis (NYSE:STLA) to Underperform on Wednesday, highlighting significant risks to the company’s earnings and free cash flow due to ongoing structural challenges and unfavorable macroeconomic conditions. In its updated Autos Playbook for the latter half of 2025, Wolfe analysts stated, “We downgrade STLA to UP from PP with EUR…

Instil Bio Inc. (NASDAQ:TIL) saw its stock jump 10% after the company announced that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND) application for AXN-2510. The clinical-stage biopharmaceutical company plans to begin a Phase 1 trial of AXN-2510 as a standalone treatment for patients with relapsed or refractory solid…

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…

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…

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…

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…

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…