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Joby Aviation (NYSE:JOBY) shares fell 6% on Tuesday after the electric aircraft developer agreed to acquire defense technology company Resonant Sciences for approximately $500 million, significantly expanding Joby’s exposure to the U. S.
According to the National Highway Traffic Safety Administration, the low-beam headlights could be excessively bright, which in turn could make it harder for oncoming motorists to see clearly, increasing the risk of a collision.
The automaker is recalling more than 20,000 vehicles over headlights that may be too bright for oncoming drivers.
Investing.com - U.S. stock futures were little changed on Tuesday, as fading hopes for a deal to reopen the Strait of Hormuz kept oil prices elevated, while investors looked ahead to key U.S. inflation data for fresh clues on the Federal Reserve’s interest rate path.
The satellite company posted $31.5 million in Q2 revenue, below the $34.5 million analysts expected, while swinging to a wider net loss
Silvercorp Metals Inc. (AMEX:SVM) reported fiscal first-quarter 2027 results on Tuesday that fell short of analyst expectations for both earnings and revenue, despite a sharp year-on-year increase in sales supported by substantially higher silver prices.
Investing.com -- Barclays shook up its ratings across several U.S. apparel retailers on Monday, downgrading Under Armour and Gap while upgrading Abercrombie & Fitch, as the bank recalibrated its views on brand momentum, promotional activity and tariff exposure heading into the back half of the year.
SpaceX stock was falling in Tuesday’s premarket after a 3-day winning streak that pushed it back above its offer price pre-IPO. The satellite telecommunications company’s figures missed expectations, but it maintained guidance—which seemed enough for Cantor to raise its price target on the stock. It is the major competitor to SpaceX’s Starlink in Direct-to-Cell (D2C) space broadband and reported revenue of $31.5 million—below the $35.18 million consensus, according to FactSet—while posting an adjusted loss per share of $0.77 versus the expected $0.26 loss.
Rocket Lab (NASDAQ:RKLB) shares came under pressure after the space technology company reported quarterly results that highlighted strong revenue growth but disappointed Wall Street on earnings and its profitability outlook. The company posted a loss of $0.
(Bloomberg) -- CoreWeave Inc. shares have been on a roll lately after a monthslong slump. Now, the neocloud provider’s earnings after the close Tuesday can give investors a sense of whether the rally is sustainable. Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Hopes DimStocks Churn as Hormuz Standoff Spurs Rally in Oil: Markets WrapIran Shakes U
Barrick Gold (NYSE:B) reported a Q2 earnings miss alongside updated capital expenditure guidance. Barrick Gold and Newmont agreed to expand the Nevada Gold Mines joint venture and resolve prior disputes. The agreement sets the stage for an IPO of combined North American gold assets as part of a broader restructuring. Barrick Gold is not the only stock tied closely to this theme of large scale gold production and asset reshaping, so it is worth comparing this update with a wider group of...
Aug 11 (Reuters) - Bain Capital-backed Dhoot Transmission's $321 million initial public offering was fully subscribed on the second day of bidding on Tuesday, led by non-institutional and retail
Combined with deals signed since Q2 closed, Rocket Lab has already booked more than $1 billion in new launch and space systems contracts, the firm said.
Investing.com -- Morgan Stanley downgraded its view on cross-border e-commerce platform Global-e Online to Equal-weight from Overweight, saying the market now better reflects the company’s durable growth and competitive position. The bank nevertheless raised its price target to $44 from $37 as it rolled its valuation framework forward to 2028 and incorporated the impact of the Passport acquisition.
Investing.com -- Rocket Lab Corp (NASDAQ:RKLB) reported second quarter results that missed earnings expectations despite posting record revenue, with shares falling 1.6% in after-hours trading Monday.
Hims & Hers Health shares are down after the telehealth firm reduced the top end of its adjusted Ebitda forecast for the full year. Madison Muller reports on "Bloomberg The Close."
Hims faces restructuring charges as it shifts its U.S. weight-loss business away from compounded GLP-1 medications.
U.S. stocks fell as Iran’s refusal to reopen the Strait of Hormuz caused another spike in oil prices and inflation fears.
Tesla (TSLA) just reminded Wall Street that its retail investor base still has unusual power. Tesla shares surged about 6% last week, rebounding from three weeks of losses as retail investors aggressively bought the drop. Retail inflows were about $372 million during five trading days, compared ...
Shares of the SpaceX rival have risen nearly 80% over the past year on higher revenue and a growing backlog of orders.
The second quarter earnings season is beginning to wind down, with nearly 90% of S&P 500 (^GSPC) companies having already reported.
The company is fighting to protect itself from liability in multiple cases of social media addiction and a potentially crushing wave of payouts.
Platforms like Meta, TikTok, Snapchat, and Google are facing a long road of litigation.
The appeals court ruled Section 230 provides a liability defense, not immunity, making Meta's appeal premature
The rocket company's stock hit its offering price Monday for the first time since July 15, recovering from a close as low as $108.27
By Diana Novak Jones Aug 10 (Reuters) - A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok, and other social
Monday.com’s reported adjusted earnings of $1.48 a share, beating expectations. But revenue guidance for the third quarter comes in a bit soft for Wall Street.
Two AI optics darlings that posted triple-digit gains this year are suddenly selling off hard, and the reason has less to do with bad news than with what investors are bracing for this week.
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