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Lucid Group pushed back against market speculation Tuesday, asserting that its current liquidity remains sufficient to fund operations well into 2027. The electric vehicle maker explicitly denied the existence of any special board committee tasked with exploring restructuring scenarios, aiming to calm investor fears despite a volatile trading session.
A potential multibillion-euro deal between Uber and Delivery Hero has moved into advanced discussions, signaling a major consolidation in the international food-delivery market. The talks follow an initial approach from Uber in May that valued the Berlin-based company at approximately 10 billion euros, or $11.38 billion.
Duke Energy shareholders will see a modest bump in their income as the utility provider lifts its quarterly dividend to $1.085 per share. This 1.9% increase marks a steady adjustment for the company, moving from the previous payout of $1.065 and reflecting a focus on consistent investor returns.
Shares of Xanadu climbed 5.3% to $11.06 on Tuesday following the announcement of an expanded partnership with Lockheed Martin. The collaboration focuses on bolstering the aerospace giant’s internal talent pipeline by integrating Xanadu’s photonic quantum computing software into specialized engineering training programs.
A 7% plunge in Biogen stock on Tuesday erased the previous day’s gains, signaling investor disappointment after clinical data revealed the company's experimental Alzheimer's drug, diranersen, offered no significant clinical advantage over existing treatments like Leqembi in slowing cognitive decline.
JPMorgan, Goldman Sachs, and Bank of America posted record-breaking quarterly earnings today, offering a robust indicator of consumer and corporate health. While these financial giants buoyed sentiment, the broader market faced pressure from a sharp decline in IBM shares following a surprise profit warning from the tech firm.
Bitmine Immersion Technologies shares climbed 10% to $16.14 today after the company revealed itself as an anchor backer of EthSystems. The new firm aims to bridge the gap between traditional finance and blockchain, developing privacy tools that allow institutional players to transact on Ethereum without compromising sensitive client data.
Commercial vessel traffic through the Strait of Hormuz plummeted to just 10 transits on Monday, marking the lowest activity since a temporary diplomatic thaw between Washington and Tehran. This sharp decline follows three consecutive days of U.S. strikes against Iranian targets, fueling market anxiety over global energy supply routes.
U.S. brick-and-mortar merchants can now activate DoorDash delivery directly through their Shopify dashboards, bypassing the traditional weeks-long onboarding process. This native integration allows retailers to synchronize their product catalogs instantly, effectively turning local inventory into a same-day fulfillment stream for millions of existing DoorDash users.
A potential shift in the global food-delivery landscape is underway as Uber enters advanced takeover negotiations with Berlin-based Delivery Hero. The talks follow an unsolicited approach from the American ride-hailing giant back in May, which initially valued the German firm at approximately 10 billion euros, or 11.38 billion dollars.
A projected 900,000-barrel decline in U.S. commercial crude oil stocks highlights a split among energy analysts ahead of Wednesday's Energy Information Administration report. While the consensus points toward a tightening market, individual forecasts for the week ended July 10 range from a significant build to a steep withdrawal.
Allegiant Travel is pivoting toward a wider digital footprint, signing a 12-month exclusive agreement to list its flights on Expedia Group platforms. The deal marks the first time an online travel agency has been authorized to distribute the carrier's inventory, integrating 566 routes across 124 domestic cities into Expedia’s U.S. network.
Targeting the tau protein to stabilize brain neurons, Biogen’s investigative therapy diranersen is moving into Phase 3 development. The decision follows a global Phase 2 study that linked significant reductions in tau pathology to measurable cognitive improvements in patients diagnosed with early-stage Alzheimer’s disease.
Shares of semiconductor-technology firm Arteris jumped 3.9% to $34.06 today, extending a rally that has seen the company’s valuation more than double since January. The surge follows an announcement that the firm is deepening its technical partnership with U.K.-based giant Arm Holdings to bolster processor core security.
Investors are bracing for Publicis Groupe’s second-quarter results this Thursday, with analysts projecting organic net revenue growth of 4.7%. Following a 22% surge in share price during the second quarter, the focus shifts to whether the advertising giant can sustain its momentum in an increasingly volatile global landscape.
Ten Honda Odyssey owners have reported their air bags inflating without the force of a collision, prompting the National Highway Traffic Safety Administration to open a defect petition. Federal regulators are now evaluating whether these 2011-2017 models require a formal safety investigation into their supplemental restraint systems.
Shares of USA Rare Earth climbed 5% to $18.04 on Tuesday after the company confirmed it successfully produced commercial-grade dysprosium and neodymium-praseodymium oxides from recycled magnets. This technical milestone marks a rare capability for a Western firm to refine heavy rare earth elements outside of Asia.
Investors pushed Almonty Industries shares up by 6.6% in Toronto Tuesday following news that the company has secured a long-term supply extension for its Sangdong tungsten mine in South Korea. The deal deepens a strategic partnership with Austria's Plansee and locks in higher pricing for future production.
The U.S. Department of Defense has granted Blue UAS status to the RQ-35 Heidrun, a hand-launched drone manufactured by Airo Group. This certification confirms the aircraft meets strict federal security standards, effectively clearing a significant hurdle for the company to supply its technology to government and defense agencies.
Investors wiped 11% off Shutterstock’s market value on Tuesday after the sudden departure of CEO Paul Hennessy. The company’s stock, which has plummeted 62% since January, hit $7.32 in morning trading as the board scrambled to install Chief Financial Officer Rik Powell as interim leader of the digital marketplace.
Shares of ChargePoint Holdings surged 8% to $6.53 in midmorning trading following an agreement to install ultra-fast electric vehicle charging hardware at Onvo travel plazas. This partnership targets high-traffic corridors across Pennsylvania and New York, aiming to capture demand from long-distance travelers requiring rapid power-ups.
A 12% jump in Inhibikase Therapeutics stock followed the company’s announcement of a $50 million capital infusion. By offloading 25 million common shares to RA Capital Management through an at-the-market program, the biotech firm has bolstered its balance sheet ahead of critical clinical milestones.
Investors pushed Trekor Metals shares up 9.8% to C$10.94 in Tuesday morning trading, reacting to a strong quarterly performance that saw the Canadian miner successfully ramp up output across its North American sites, pushing the stock's year-to-date gains to 41%.
Struggling with a record-low snowfall season and shrinking visitor numbers, Vail Resorts is launching a multi-year strategy to overhaul its mountain operations. The company aims to reverse its recent financial downturn by prioritizing digital integration, upgraded dining, and a revamped tier of premium ski lessons for the upcoming season.
Paramount has pushed back the expiration date for its multi-billion dollar debt exchange and tender offers to July 22, marking the third time the company has adjusted its timeline to align with the pending $81 billion acquisition of Warner Bros. Discovery as regulatory resistance mounts.
As global demand for artificial intelligence infrastructure outpaces current energy supply, SLB and Liberty Energy are launching a strategic alliance to deploy modular, behind-the-meter power solutions. The partnership aims to bypass traditional grid constraints, providing developers with independent energy systems tailored for high-compute data center projects.
South Korea is doubling down on Canadian aerospace technology to secure its electronic borders, as Bombardier confirms the sale of two Global 6500 business jets configured for specialized electronic warfare. These aircraft will join an existing fleet tasked with airborne early warning and control operations for the Republic of Korea Air Force.
Sarah Romano, a veteran financial strategist with a track record of securing over $100 million in capital, will take the helm as chief financial officer at SS Innovations on August 3. Her appointment marks a pivotal shift for the robotic surgery firm as it targets U.S. regulatory clearance for its SSi Mantra system.
With a strategic accumulation of 8.8 million shares, Prague-based investment firm Starteepo has ascended to become the second-largest shareholder in Xerox Holdings. This latest regulatory filing confirms an aggressive expansion for the fund, which only months ago held a significantly smaller stake in the office technology giant.
Thomson Reuters is offloading a 51% stake in its global print and ProView electronic-book business to investment firm KKR. Valued at approximately $500 million, the deal marks a strategic shift for the Canadian information giant as it transitions to a minority partner in its traditional publishing operations.