ADVFN US – Market Content Editor
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PG&E Begins Strategic Review and Defers $2 Billion of 2027 Capital Spending
PG&E Corporation (NYSE:PCG) announced a strategic review of its business structure and financing options alongside changes to its 2027 capital plan that will defer approximately $2 billion of previously planned investment. The company’s board has established a Strategic Review Committee consisting of four independent directors. The committee will assess regulatory, financial, operational and strategic alternatives…
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U.S. Private-Sector Employment Rises by 38,000, Below Expectations
U.S. private-sector employment increased by 38,000 jobs in the latest reporting period, according to the ADP National Employment Report, coming in below market expectations. Economists had forecast an increase of approximately 47,000 jobs. The latest figure also represented a slowdown from the previous month, when private-sector employment increased by 46,000 jobs. The ADP report is…
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U.S. Stock Futures Trade Flat as Markets Assess Middle East Conflict and Economic Data: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock index futures were broadly unchanged on Wednesday, pointing to a relatively flat open following declines across the major averages in recent sessions. Crude oil prices and Treasury yields pulled back from recent highs, while investors continued to assess developments in the Middle East and awaited Friday’s U.S. employment report. Iran launched missile and…
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Uber Shares Rise 2.4% as Company Plans 3,300 Job Cuts in Restructuring
Uber Technologies (NYSE:UBER) shares rose 2.4% on Wednesday morning following a Bloomberg report that the company plans to eliminate approximately 3,300 positions, representing about 10% of its global workforce, as part of an organizational restructuring. The changes are intended to reduce management layers and simplify the company’s organizational structure, according to the report. A company…
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Chevron Plans More Than $7 Billion Venezuela Investment Under Updated Joint Venture Terms
Chevron (NYSE:CVX) said Wednesday it had agreed updated terms for its joint ventures in Venezuela and plans to invest more than $7 billion in the country over the next five years. The company said the investment is intended to support an increase in production to approximately 600,000 barrels per day. Chevron signed multiple agreements establishing…
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Everspin and Teledyne HiRel Partner to Offer MRAM for Aerospace and Defense Applications
Everspin Technologies (NASDAQ:MRAM) and Teledyne HiRel Semiconductors, a unit of Teledyne Technologies (NYSE:TDY), announced a partnership to make Everspin’s PERSYST spin-transfer torque MRAM available through Teledyne HiRel’s memory product portfolio for aerospace and defense customers. The collaboration will initially focus on Everspin’s 256Mb PERSYST STT-MRAM and will also cover the company’s 64Mb and 128Mb PERSYST…
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TScan Therapeutics Cuts Workforce by 75% and Shifts Focus to Solid Tumor Program
TScan Therapeutics (NASDAQ:TCRX) announced a strategic reorganization that includes a workforce reduction of approximately 75% as the company redirects resources toward an in vivo-engineered T cell receptor, or TCR-T, program targeting solid tumors. The Waltham, Massachusetts-based company plans to advance two product candidates into investigational new drug-enabling studies. One candidate targets PRAME and the other…
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BW LPG Shares Fall 5.4% After $300 Million Convertible Bond Offering
BW LPG Limited (NYSE:BWLP) shares fell 5.4% on Wednesday after the company announced the placement of $300 million in senior unsecured convertible bonds due in 2031. The bonds can be converted into new BW LPG shares, with proceeds from the offering expected to be used partly to finance the company’s newbuild programme with Hyundai Heavy…
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FuelCell Energy Shares Fall 9.3% Premarket After Quarterly Results Miss Estimates
FuelCell Energy (NASDAQ:FCEL) shares fell 9.3% in premarket trading after the company reported fiscal third-quarter 2026 revenue and earnings per share below analyst expectations. Revenue declined 29% year over year to $33.0 million from $46.7 million in the corresponding period a year earlier. The reported figure compared with an analyst consensus estimate of approximately $40…
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Sprinklr Shares Fall 2.4% Premarket After Quarterly Revenue Misses Estimates
Sprinklr (NYSE:CMX) shares fell 2.4% to $7.42 in premarket trading after the company reported fiscal second-quarter 2027 results, including revenue below analyst expectations. Total revenue for the quarter was $213.7 million, compared with an analyst consensus estimate of approximately $215.6 million. The reported figure was also below the company’s previous guidance range, according to the…