Technology stocks tumbled on Tuesday, extending a swoon that began in early June, as investors anxiously await the historic SpaceX IPO later this week and retreat from hot parts of the AI playbook.
Technology stocks tumbled on Tuesday, extending a swoon that began in early June, as investors anxiously await the historic SpaceX IPO later this week and retreat from hot parts of the AI playbook.
Payoneer Global (NASDAQ:PAYO), a cross-border payments platform, closed Tuesday at $6.39, up 24.32%. The stock jumped after reports that Canadian payments firm Nuvei is in advanced talks to acquire Payoneer for about $2.7 billion. Trading volume reached 51.7 million shares, about
Payoneer Global (NASDAQ:PAYO), a cross-border payments platform, closed Tuesday at $6.39, up 24.32%. The stock jumped after reports that Canadian payments firm Nuvei is in advanced talks to acquire Payoneer for about $2.7 billion. Trading volume reached 51.7 million shares, about
JHVEPhoto Lockheed Martin ( LMT ) announced on Tuesday a $153.9M contract modification to support procurement of long-lead materials and components for 11 F-35 aircraft under the FMS program. The work is expected to be completed by December 2030, with Naval Air Systems Command being the contracting activity. A total of $153.9M in FMS funding will be obligated at the time of award. More on Lockheed...
JHVEPhoto Lockheed Martin ( LMT ) announced on Tuesday a $153.9M contract modification to support procurement of long-lead materials and components for 11 F-35 aircraft under the FMS program. The work is expected to be completed by December 2030, with Naval Air Systems Command being the contracting activity. A total of $153.9M in FMS funding will be obligated at the time of award. More on Lockheed Martin Boeing And Lockheed: SpaceX Hype Isn't Needed For These Buys Lockheed Martin: Time To Pull The Trigger (Upgrade) Lockheed Martin Corporation (LMT) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Patriot missile demand outpaces supply as wars strain global stockpiles SA analyst upgrades/downgrades: NVDA, LMT, SHAK, SHOP
(RTTNews) - Cracker Barrel Old Country Store, Inc. (CBRL) on Tuesday reported higher third-quarter profit, helped by a one-time litigation settlement. The company raised its fiscal 2026 revenue outlook.
(RTTNews) - Cracker Barrel Old Country Store, Inc. (CBRL) on Tuesday reported higher third-quarter profit, helped by a one-time litigation settlement. The company raised its fiscal 2026 revenue outlook.
KE ZHUANG Brookfield Asset Management ( BAM ) and Mitsubishi HC Capital ( MIUFY ) formed a joint venture for a privately held renewable energy company that will acquire and operate a portfolio of contracted, operating renewable energy assets in Europe, the companies said Tuesday. The seed portfolio consists of ~570 megawatts of installed capacity across the U.K., Spain, Sweden, Finland, France, an...
KE ZHUANG Brookfield Asset Management ( BAM ) and Mitsubishi HC Capital ( MIUFY ) formed a joint venture for a privately held renewable energy company that will acquire and operate a portfolio of contracted, operating renewable energy assets in Europe, the companies said Tuesday. The seed portfolio consists of ~570 megawatts of installed capacity across the U.K., Spain, Sweden, Finland, France, and Ireland, with an equity value of ~EUR 400M ($462M). T he assets are highly contracted under long-term power purchase agreements, which have a weighted average remaining term of ~10 years. Collectively, the assets offer a highly stabilized cash flow profile, generating predictable income with strong downside protection and resilience across market cycles, the companies said. The joint venture will be jointly controlled by Mitsubishi HC Capital ( MIUFY ) and Brookfield ( BAM ) through customary governance arrangements. Brookfield will be responsible for the venture's operations. Future asset acquisitions will be subject to the approval of both companies, with each contributing on a pro rata basis. The venture is evaluating potential future acquisitions of additional assets in Europe and Australia. The future transactions are expected to focus on stabilized operating assets, including onshore wind, utility-scale solar, and battery energy storage, underpinned by attractive commercial arrangements consistent with those of the seed portfolio, the companies' statement said. Subject to the receipt of required approvals and the satisfaction of customary closing conditions, the JV is expected to officially launch during the second half of 2026. More on Brookfield Asset Management Brookfield Asset Management's Price Dip Is A Rare Gift Brookfield Asset Management Still Demands Perfection Despite The Pullback Brookfield Asset Management: 2026 Set To Be Record Year For Fee-Bearing Capital Formation Brookfield nears $1.2B acquisition of World Freight Company - report Brookfield outlines...
D-Wave Quantum (NYSE: QBTS) stock got hit with a substantial valuation contraction on Tuesday amid bearish momentum for the broader market. The company's share price ended the day down 8.9% in a session that saw the S&P 500 's level decline by 0.3% and the Nasdaq Composite' s level fall by 1%. Selling pressures had actually been far stronger earlier in the session, and D-Wave had been down as much...
D-Wave Quantum (NYSE: QBTS) stock got hit with a substantial valuation contraction on Tuesday amid bearish momentum for the broader market. The company's share price ended the day down 8.9% in a session that saw the S&P 500 's level decline by 0.3% and the Nasdaq Composite' s level fall by 1%. Selling pressures had actually been far stronger earlier in the session, and D-Wave had been down as much as 13.5% at one point in the day. The broader market fell in response to multiple catalysts today. For starters, investor confidence in the artificial intelligence trade is showing some signs of softening after what has otherwise been a strong bullish backdrop in 2026. Investors are also feeling jittery ahead of the Consumer Price Index (CPI) report from the Bureau of Labor Statistics that could play a big role in determining the Federal Reserve's next moves on interest rates. Anxieties surrounding the potential market-moving impact of SpaceX's initial public offering this coming Friday also pushed stocks lower. Image source: Getty Images. Continue reading
SpaceX, the aerospace and AI company founded by Elon Musk, will go public on June 12. It could be valued at $2 trillion, making it the biggest IPO in history. Many investors also believe it could join the S&P 500 and fundamentally shift the index's composition. Could SpaceX be added to the S&P 500 within the next two years? Let's review what its inclusion in the index might mean for the stock and ...
SpaceX, the aerospace and AI company founded by Elon Musk, will go public on June 12. It could be valued at $2 trillion, making it the biggest IPO in history. Many investors also believe it could join the S&P 500 and fundamentally shift the index's composition. Could SpaceX be added to the S&P 500 within the next two years? Let's review what its inclusion in the index might mean for the stock and S&P 500 ETFs. Image source: Getty Images. Continue reading
jetcityimage Casey’s General Stores ( CASY ) reported another strong quarter as higher fuel prices and increased inside store sales drove double-digit gains in both sales and profits, beating Wall Street’s ambitious estimates and driving shares higher in after-hours trading. “Casey's delivered another record fiscal year as our team closed out the three-year strategic plan on an extremely high note...
jetcityimage Casey’s General Stores ( CASY ) reported another strong quarter as higher fuel prices and increased inside store sales drove double-digit gains in both sales and profits, beating Wall Street’s ambitious estimates and driving shares higher in after-hours trading. “Casey's delivered another record fiscal year as our team closed out the three-year strategic plan on an extremely high note, reaching $714 million of net income and nearly $1.5 billion in EBITDA," said Darren Rebelez, President and CEO. Led by the popularity of its pizza, appetizers, and sides, as well as dispensed beverages, inside same-store sales were up 5.5%, driving inside margin up 120 basis points. At the same time, Casey's total fuel gross profit surged 29.1% versus the same quarter last year due to an increase in gallons sold as well as fuel margin. This contributed to $15.2M in renewable fuel credits in FQ4, an increase of $10.8M from last year’s quarter. While the company topped expectations with a 66% increase in GAAP earnings and 14.5% sales growth, gains in the stock have been tempered by higher operating expenses—driven largely by higher labor costs—and guidance calling for same-store fuel gallon volumes to be flat to down in fiscal 2027. For the year, Casey's ( CASY ) also expects inside same-store sales to be up 2% to 5% with an inside margin above 42%. Total operating expenses are seen increasing 5% to 7%, while adjusted EBITDA is expected to increase by 8% to 10%. More on Casey's General Stores Casey's General Stores: Growth At An Unreasonable Price Casey's General Stores: A Great Business, But The Valuation Doesn't Cut It Casey's General Stores GAAP EPS of $4.37 beats by $1.06, revenue of $4.57B beats by $230M Casey's General Stores Q4 2026 Earnings Preview Seeking Alpha’s Quant Rating on Casey's General Stores
The dollar index (DXY00 ) on Tuesday fell by -0.12%. Tuesday's -3% plunge in WTI crude oil prices to a 7-week low lowered inflation expectations, which could prompt the Fed to pursue easier monetary policy, a bearish factor for the dollar. Also, lower T-note yields on Tuesday weakened the dollar's...
The dollar index (DXY00 ) on Tuesday fell by -0.12%. Tuesday's -3% plunge in WTI crude oil prices to a 7-week low lowered inflation expectations, which could prompt the Fed to pursue easier monetary policy, a bearish factor for the dollar. Also, lower T-note yields on Tuesday weakened the dollar's...
Starlink has started charging a $10 monthly rental fee for hardware in a shift away from its longtime practice of selling hardware to customers for a one-time charge. Starlink residential ordering pages now show an upfront hardware cost of $0 and a monthly kit fee of $10, similar to the hardware rental fees long charged by cable and telecom companies. Starlink hardware includes a terminal to recei...
Starlink has started charging a $10 monthly rental fee for hardware in a shift away from its longtime practice of selling hardware to customers for a one-time charge. Starlink residential ordering pages now show an upfront hardware cost of $0 and a monthly kit fee of $10, similar to the hardware rental fees long charged by cable and telecom companies. Starlink hardware includes a terminal to receive satellite signals and a router to place in a user's home. The monthly kit fee is in addition to Internet service prices, which Starlink recently raised by $5 to $10 per month. Starlink is charging $55 a month for 100Mbps, $85 for 200Mbps, and $130 for the "Max" tier that can go up to 400Mbps. Starlink also provides a professional-installation service for a one-time fee of $199, or for no additional charge if you subscribe to the Max plan. Read full article Comments
(RTTNews) - Casey's General Stores, Inc. (CASY) on Tuesday reported an increase in fourth-quarter profit, driven by strong sales and higher fuel margins. The convenience store operator also increased its quarterly dividend and outlined growth targets for fiscal 2027.
(RTTNews) - Casey's General Stores, Inc. (CASY) on Tuesday reported an increase in fourth-quarter profit, driven by strong sales and higher fuel margins. The convenience store operator also increased its quarterly dividend and outlined growth targets for fiscal 2027.