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Shares of Rush Street Interactive jumped 21% in premarket trading Wednesday after the online gaming operator reported a 28% revenue surge and issued a bullish financial outlook for the coming year. Despite a slight miss on adjusted earnings, the company’s expanding user base across North America signaled strong momentum for its digital casino and sportsbook platforms.
Rio Tinto is set to report its full-year financial results this Thursday, with analysts projecting a rise in underlying earnings to $11.02 billion fueled by a resilient copper market. As the world’s second-largest miner pivots from a collapsed merger with Glencore, the focus shifts to CEO Simon Trott’s restructuring agenda, which includes a multi-billion-dollar divestment strategy and a projected boost to shareholder dividends.
Shares of IMCD plummeted 14% in early European trading after the specialty chemicals distributor reported a decline in fourth-quarter revenue and slashed its dividend, signaling a sharp slowdown in global industrial demand.
Mistral AI has reached a deal to acquire the cloud-computing startup Koyeb, marking the French AI champion's first acquisition as it seeks to streamline how developers deploy and scale artificial intelligence models.
Nestle is scheduled to report its 2025 financial results this Thursday, with investors bracing for a slight decline in annual sales and profit as the company navigates a sensitive infant formula recall and shifting organic growth dynamics.
French energy major TotalEnergies SE has repurchased nearly 600,000 of its own shares over a two-day period in mid-February, part of a strategic capital return program authorized by its shareholders. The transactions, valued at approximately €38 million, were executed on the Euronext Paris exchange as the company continues to optimize its balance sheet.
Mediobanca shares jumped on Wednesday following an announcement from Banca Monte dei Paschi di Siena (MPS) that it will delist the storied investment bank from the Milan stock exchange. The decision, finalized during a Tuesday board meeting, signals the final integration phase of a $19 billion takeover aimed at creating Italy’s third-largest financial institution.
Major global indices trended upward in early trading as U.S. equity futures and European benchmarks posted modest gains, buoyed by positive momentum in Asia and a busy session for individual corporate movers.
Japanese Trade Minister Ryosei Akazawa announced on Wednesday a $36 billion investment package for U.S. infrastructure and manufacturing, marking the first phase of a broader strategic partnership. The initiative targets critical sectors including power generation, oil exports, and synthetic diamond production to bolster economic security and reduce supply chain dependence on China.
Google-owned YouTube has resolved a widespread technical failure that paralyzed the platform's discovery features for hundreds of thousands of users. The disruption, rooted in the site's recommendation engine, rendered homepages blank and prevented videos from surfacing on the app and desktop site alike.
YouTube is working to fully restore services after a technical glitch in its recommendation system prevented videos from appearing on its homepage and mobile app.
Hormel Foods on Tuesday issued preliminary first-quarter results that anticipate higher earnings per share and steady sales growth, beating analyst profit estimates. The company simultaneously announced a deal to divest its whole-bird turkey operations as it focuses on returning to long-term profitable growth.
Vancouver-based forest products giant Canfor announced it will book a C$321 million ($235.3 million) non-cash impairment charge in the fourth quarter, citing mounting log supply pressures in Europe and a downturn in global pulp prices.
Japan’s outbound shipments accelerated for a fifth consecutive month in January, growing 16.8% year-over-year as robust demand from China and neighboring markets offset a continued slump in trade with the United States.
The Timken Co., a leading industrial manufacturer, announced Tuesday that its board has approved a new share buyback program for 10 million common shares. Effective March 1, the move establishes a long-term framework for capital allocation as the company’s existing repurchase plan reaches its expiration.
Shares of Tactile Systems Technology jumped 22% in late trading Tuesday after the medical device maker reported fourth-quarter earnings and revenue that surpassed Wall Street expectations. The Minneapolis-based company attributed the growth to robust demand across its core product lines and issued a full-year revenue forecast that outpaced analyst projections.
Technology shares trended lower as investors weighed the risks of artificial intelligence disruption against the massive capital requirements of new infrastructure. The market shift comes as Oracle faces a significant valuation correction and India’s Adani Group pledges a landmark $100 billion toward data center development.
Shares of Palo Alto Networks and La-Z-Boy retreated in after-hours trading Tuesday following disappointing guidance, while Caesars Entertainment gained ground after reporting resilient revenue growth.
The communications services sector dipped during a broader market retreat from risk-sensitive assets, even as high-stakes dealmaking intensified across the media and infrastructure landscapes. While Paramount and Warner Bros. Discovery signaled a return to the negotiating table, South Africa’s MTN Group finalized a multi-billion dollar acquisition to bolster its network footprint.
Steel Dynamics and Australian conglomerate SGH have increased their joint takeover offer for BlueScope Steel to approximately US$11 billion, signaling a final attempt to consolidate major steel assets across the Pacific. The revised cash proposal follows months of rejected overtures and comes as aggressive U.S. trade protections bolster the value of domestic manufacturing.
La-Z-Boy shares tumbled in after-hours trading Tuesday after the furniture maker issued a fourth-quarter revenue forecast that trailed Wall Street estimates, citing a combination of severe winter weather and cautious consumer spending. While the company exceeded revenue expectations for its fiscal third quarter, management warned that late-January storms significantly disrupted showroom traffic, clouding the immediate outlook.
Portland General Electric has reached an agreement to acquire Berkshire Hathaway’s PacifiCorp assets in Washington state for approximately $1.9 billion, a strategic move that significantly expands its regional footprint. The deal consolidates a vast network of generation and distribution infrastructure serving over 140,000 customers.
EIR Biopharma, an early-stage biotechnology firm specializing in ophthalmology, filed for an initial public offering on Tuesday to advance its lead therapeutic candidate. The company plans to sell 3.75 million shares of common stock at a price range of $4 to $5 per share, according to a filing with the Securities and Exchange Commission.
Semiconductor giant Analog Devices announced Tuesday it will increase its quarterly cash dividend to $1.10 per share, marking an 11% rise from the previous payout of 99 cents.
Ferroglobe PLC announced a 7% increase to its quarterly dividend on Tuesday, raising the payout to 1.5 cents per share as the silicon and manganese producer strengthens its commitment to shareholder returns.
Plutonian Acquisition Corp II, a Cayman Islands-based blank-check firm, filed for a $100 million initial public offering on Tuesday to target the energy storage and telecommunications sectors. The company intends to list on the New York Stock Exchange under the ticker PLUNU, marking its entry into the search for a strategic merger partner.
Energy shares and oil futures retreated as high-level diplomatic discussions between Washington and Tehran mitigated market anxiety over a temporary closure of the Strait of Hormuz.
Health care stocks edged lower on Tuesday as a major $10 billion acquisition by Danaher failed to offset a wave of mixed corporate earnings and concerns over future trade policy. While significant deal activity provided a boost, cautious outlooks from industry leaders and ongoing legal pressures weighed on broader sector performance.
Shares of metal and raw material producers retreated Tuesday despite a robust earnings season, as a sharp sell-off in precious metals and cooling copper prices weighed on the sector.
Industrial and transportation stocks climbed following the announcement of a multi-billion dollar acquisition in the shipping sector and a strategic pivot by an aviation firm to supply power to the artificial intelligence industry.