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How rail mega-merger moved ahead, and STB avoided making history
FreightWaves94d agoneutral
How rail mega-merger moved ahead, and STB avoided making history

The Surface Transportation Board gave conditional approval of the Union Pacific-Norfolk Southern revised merger application, but asked for more information. The post How rail mega-merger moved ahead, and STB avoided making history appeared first on FreightWaves.

SentinelOne shares slide despite earnings beat as weak outlook weighs
Proactive94d agobullish
SentinelOne shares slide despite earnings beat as weak outlook weighs

SentinelOne Inc. (NYSE: S) shares fell nearly 11% on Friday after the cybersecurity company topped earnings estimates but issued softer-than-expected second-quarter revenue guidance and announced a roughly 8% workforce reduction. The company reported first-quarter fiscal 2027 revenue of...

Oil Prices Soften as Traders Bet on Renewal of US-Iran Truce
Bloomberg94d agoneutral
Oil Prices Soften as Traders Bet on Renewal of US-Iran Truce

(Bloomberg) -- Oil fell as the US and Iran tentatively agreed to extend a ceasefire by 60 days, stoking optimism the Strait of Hormuz may soon reopen. Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceSpaceX Said to Cut IPO Value Goal to at Least $1.8 TrillionUS, Iran Agree to 60-Day Truce Renewal Pending Trump SignoffWest Texas Intermediate trad

AI Layoffs Strike Again, As Company Dumps 1,000 Workers
24/7 Wall St.94d agobearish
AI Layoffs Strike Again, As Company Dumps 1,000 Workers

Wix (NASDAQ: WIX), a dog of a company, laid off 1,000 people and said the primary reason was “fast evolution of AI capabilities.” Currency exchange rates were given as another reason Wix is doing poorly enough that it may have had to make the cuts anyway. It had 5,200 workers before the cuts. Wix is ... AI Layoffs Strike Again, As Company Dumps 1,000 Workers

Palantir Soars 10% as Dell Earnings Beat Validates Their AI Factory Partnership, Snowflake Lifts Software Rally
24/7 Wall St.94d agobullish
Palantir Soars 10% as Dell Earnings Beat Validates Their AI Factory Partnership, Snowflake Lifts Software Rally

Shares of Palantir (NASDAQ:PLTR) are up 10% in Friday morning trading, changing hands near $158. The pop follows a blockbuster quarter from Dell Technologies (NYSE:DELL), reported Thursday evening, that validated a high-profile partnership the two companies unveiled earlier this month. Even with today’s rally, Palantir stock is still down 12% year to date (YTD), so ... Palantir Soars 10% as Dell Earnings Beat Validates Their AI Factory Partnership, Snowflake Lifts Software Rally

Gap Lowers Sales Outlook; Dell Soars on AI Demand | Stock Movers
Bloomberg94d agobullishVIDEO
Gap Lowers Sales Outlook; Dell Soars on AI Demand | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Dell (DELL) shares are soaring after the company gave an outlook for annual sales that far surpassed analysts' estimates, fueled by demand for servers that power artificial intelligence work. - Gap (GAP) shares plunged after the company lowered its sales outlook due to struggles with its product mix. - NetApp (NTAP) shares jumped after the data storage provider reported its latest earnings. Analyst say the report is a strong print from the company, showing strong growth, with upgrades to consensus expected.

Okta shares surge after first-quarter earnings beat, raised guidance
Proactive94d agobullish
Okta shares surge after first-quarter earnings beat, raised guidance

Okta Inc (NASDAQ:OKTA) shares jumped 24% on Friday after the identity security company reported first-quarter results that topped Wall Street estimates and raised its full-year outlook, with analysts pointing to accelerating demand and an emerging artificial intelligence tailwind. The San...

Forget MongoDB: This Free-Cash-Flow Tech Bargain Is a Far Smarter Buy in the Warsh Era
24/7 Wall St.94d agobullish
Forget MongoDB: This Free-Cash-Flow Tech Bargain Is a Far Smarter Buy in the Warsh Era

MongoDB (NASDAQ:MDB) is back in every AI database headline after a 12.24% EPS beat and a first-ever Rule of 40 quarter. But here’s what you should actually be watching. With Fed Chair Kevin Warsh now prioritizing structural price stability over speculative market support, the long-duration, money-losing momentum trade is precisely the wrong place to hide. ... Forget MongoDB: This Free-Cash-Flow Tech Bargain Is a Far Smarter Buy in the Warsh Era

BlackRock Scales Back Equities After ‘Generational’ Earnings
Bloomberg94d agoneutral
BlackRock Scales Back Equities After ‘Generational’ Earnings

(Bloomberg) -- BlackRock Inc. is trimming its bet on stocks across its $220 billion model-portfolio business as US equities surge to record highs following a strong earnings season.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceSpaceX Said to Cut IPO Value Goal to at Least $1.8 TrillionUS, Iran Agree to 60-Day Truce Renewal Pending Trump Signo

Exclusive-GM-LG battery company delays return of laid-off workers to Ohio plant
Reuters94d agoneutral
Exclusive-GM-LG battery company delays return of laid-off workers to Ohio plant

DETROIT, May 29 (Reuters) - A battery plant partly owned by General Motors is delaying the ‌return of hundreds of workers in northeast Ohio amid ‌continued weak demand for electric cars. Workers at the Ultium Cells plant in ​Warren, Ohio, jointly owned by GM and LG Energy Solution, are now being told they will begin to return to work in August, the company confirmed in a statement to Reuters.

MongoDB climbs after first-quarter beat and stronger full-year guidance (MDB)
InvestorsHub94d agobullish
MongoDB climbs after first-quarter beat and stronger full-year guidance (MDB)

Shares advance as results exceed expectationsMongoDB (NASDAQ:MDB) gained more than 4% in pre-market trading on Friday, adding to a 10. 6% rise from the previous session, after the database software provider delivered first-quarter fiscal 2027 results that surpassed analyst forecasts across key financial metrics and increased its outlook for the full year.

Okta surges after first-quarter earnings and revenue top expectations (OKTA)
InvestorsHub94d agobullish
Okta surges after first-quarter earnings and revenue top expectations (OKTA)

Shares climb as quarterly results beat forecastsOkta (NASDAQ:OKTA) moved sharply higher in pre-market trading on Friday, gaining more than 7% and building on a 4. 7% rise in after-hours dealings after the identity and access management specialist delivered stronger-than-expected fiscal first-quarter 2027 results.

Hershey Bull Sees World Cup, America 250 Lifting Sales
Bloomberg94d agoneutral
Hershey Bull Sees World Cup, America 250 Lifting Sales

(Bloomberg) -- Summer events including the FIFA World Cup and America’s 250th anniversary could spur sales of sweet treats, making now a key time to snap up beaten-down shares of Hershey Co., according to the candy and snack maker’s newest Wall Street bull.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceSpaceX Said to Cut IPO Value Goal to at L

Kalshi Joins CFTS In Suing Minnesota Over Prediction Markets Criminalization
Benzinga94d agoneutral
Kalshi Joins CFTS In Suing Minnesota Over Prediction Markets Criminalization

Kalshi sued Minnesota in federal court this week, joining Donald Trump‘s Commodity Futures Trading Commission in challenging a law signed by Tim Walz that would make the state the first to criminalize prediction markets starting Aug. 1. Walz signed the bill May 18, and the CFTC filed its challenge the following day. Kalshi joined this week with its own complaint targeting state Attorney General Keith Ellison, Walz and gambling enforcement chief John Anglin. State lawmakers framed the measure as

FedEx Freight Stock Starts Trading Monday. What to Know.
Barrons.com94d agoneutral
FedEx Freight Stock Starts Trading Monday. What to Know.

The long-awaited spinoff of FedEx Freight is just about done, and shares of the newly independent less-than-truckload business start trading on Monday, June 1. Old Dominion Freight Line and XPO are LTL shippers. The reason for FedEx’s separation of its LTL business is relatively obvious.