Sundry Photography Lockheed Martin ( LMT ) won a $101.6M contract modification on Friday for contractor field service representatives support, maintenance, technical manuals, and testing work. The work will be performed in Moorestown, New Jersey, with an estimated completion date of April 30, 2029. About $7.1M in FY26 Army R&D funds were allocated at the time of the award, and Army Contracting Com...
Sundry Photography Lockheed Martin ( LMT ) won a $101.6M contract modification on Friday for contractor field service representatives support, maintenance, technical manuals, and testing work. The work will be performed in Moorestown, New Jersey, with an estimated completion date of April 30, 2029. About $7.1M in FY26 Army R&D funds were allocated at the time of the award, and Army Contracting Command is the contracting activity. LMT stock closed near ~$592.19. More on Lockheed Martin Lockheed Martin: Strong Franchise, Limited Upside At Current Valuation Why Lockheed Martin Is Heading To $843: A Deep Dive Into Its Financial Health The Shahed Drone War Is Creating A Missile Defense Supercycle For Lockheed Martin Lockheed Martin details $105M contract to upgrade GPS ground systems Aerospace gains momentum while defense turns cautious ahead of Q1 earnings: Baird
AI chipmaker Cerebras ( CBRS ) filed for its initial public offering with the U.S. Securities and Exchange Commission on Friday following a recent pair of significant deals with OpenAI ( OPENAI ) and Amazon Web Services ( AMZN ). The company's sizable Wafer-Scale Engine processor is designed for handling AI workloads and competes with tech titans Nvidia ( NVDA ) and AMD ( AMD ). AMD is also a back...
AI chipmaker Cerebras ( CBRS ) filed for its initial public offering with the U.S. Securities and Exchange Commission on Friday following a recent pair of significant deals with OpenAI ( OPENAI ) and Amazon Web Services ( AMZN ). The company's sizable Wafer-Scale Engine processor is designed for handling AI workloads and competes with tech titans Nvidia ( NVDA ) and AMD ( AMD ). AMD is also a backer of Cerebras. "Called the Wafer-Scale Engine, our processor is 58 times larger than Nvidia's B200 chip and has 2,625 times more memory bandwidth than Nvidia's B200 package, which contains two individual chips," according to the filing . "To build the WSE, we solved the 75-year-old compute industry problem of wafer-scale integration to produce, yield, power, and cool a chip of this size. This size is what enables our incredible AI speeds. By bringing massive compute and memory onto a single piece of silicon and integrating it into a purpose-built system and software stack, we deliver exceptional AI speed for customers on premises and via the cloud." Earlier this week, Cerebras sealed a $20B deal to provide OpenAI ( OPENAI ) with servers powered by the firm's chips over the next three years. OpenAI also agreed to provide Cerebras with around $1B to fund the development of data centers that would run its AI products. Last month, Amazon Web Services announced a new partnership with Cerebras. It will make AWS the first major cloud provider to offer the up-and-coming AI chipmaker's disaggregated inference solution. The companies will combine AWS Trainium-powered servers, Cerebras CS-3 systems, and Elastic Fabric Adapter networking. Cerebras' revenue increased 76% year over year to $510M in 2025, according to the filing. The company produced a net income of $237.8M in 2025 after a net loss of $481.6M in 2024. Cerebras' chips focus on inference, which is increasingly what the bulk of AI workloads require. "We are building the fastest commercial AI infrastructure in the world," Ce...
The dollar index (DXY00 ) on Friday fell to a 7-week low and finished down by -0.15%. The dollar came under pressure Friday in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar. Also, Friday's rally in stocks has reduced liquidity demand...
The dollar index (DXY00 ) on Friday fell to a 7-week low and finished down by -0.15%. The dollar came under pressure Friday in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar. Also, Friday's rally in stocks has reduced liquidity demand...
May Nymex natural gas (NGK26 ) on Friday closed up +0.027 (+1.02%). Nat-gas prices settled higher on Friday amid concerns that summer-like US spring temperatures will boost nat-gas demand from energy producers to power higher air-conditioning usage. The Commodity Weather Group said Friday that above-average temperatures are expected across the...
May Nymex natural gas (NGK26 ) on Friday closed up +0.027 (+1.02%). Nat-gas prices settled higher on Friday amid concerns that summer-like US spring temperatures will boost nat-gas demand from energy producers to power higher air-conditioning usage. The Commodity Weather Group said Friday that above-average temperatures are expected across the...
Last month, OpenAI gave up on its Sora video generation tool , and on Friday, the Sora team's leader, Bill Peebles, announced that he is leaving the company. OpenAI has been shifting its priorities as part of an effort to avoid "side quests," and Peebles' departure is just one of many recent changes as the company moves to focus more on coding and enterprise use. As part of a note Peebles posted o...
Last month, OpenAI gave up on its Sora video generation tool , and on Friday, the Sora team's leader, Bill Peebles, announced that he is leaving the company. OpenAI has been shifting its priorities as part of an effort to avoid "side quests," and Peebles' departure is just one of many recent changes as the company moves to focus more on coding and enterprise use. As part of a note Peebles posted on X, he said : I am immensely grateful to Sam, Mark, Aditya and Jakub for fostering a research environment that allowed us to pursue ideas off-the-beaten path from the company's mainline roadmap. It's tempting in life to mode collapse to the most i … Read the full story at The Verge.
Wars aren't cheap. Thus, it may not surprise many people that President Donald Trump submitted his proposed 2027 budget this month, calling for a huge $500 billion increase for the Department of Defense. The proposed increase is to be partially offset by a 10% cut in non-defense spending. That would bring the sum allotted to the military to $1.5 trillion for the 2027 fiscal year. Whether the milit...
Wars aren't cheap. Thus, it may not surprise many people that President Donald Trump submitted his proposed 2027 budget this month, calling for a huge $500 billion increase for the Department of Defense. The proposed increase is to be partially offset by a 10% cut in non-defense spending. That would bring the sum allotted to the military to $1.5 trillion for the 2027 fiscal year. Whether the military has $1 trillion or $1.5 trillion to spend in 2027, it's likely that a lot of money will flow to defense companies -- in this year, next year, and beyond. Here, then, are several promising defense stocks to consider for your long-term portfolio. Image source: Getty Images. Continue reading
Vortex Metals ( VMS:CA ) applied to the TSX Venture Exchange for a 30-day price protection extension to complete its second private placement tranche. The second tranche units are priced at $0.05 each and expected to close within the next few weeks. Each unit includes one common share and half a warrant, with full warrants exercisable at $0.06 for three years. Warrants may be accelerated if shares...
Vortex Metals ( VMS:CA ) applied to the TSX Venture Exchange for a 30-day price protection extension to complete its second private placement tranche. The second tranche units are priced at $0.05 each and expected to close within the next few weeks. Each unit includes one common share and half a warrant, with full warrants exercisable at $0.06 for three years. Warrants may be accelerated if shares trade at or above $0.20 for 10 consecutive days after 12 months. Proceeds will fund exploration at the Illapel Copper-Silver Project in Chile and support working capital. More on Vortex Metals Inc. Financial information for Vortex Metals Inc.
Liftoff Mobile Inc. filed again for an initial public offering just two months after withdrawing a previous registration. The Blackstone Inc. -backed company had a net loss of $23.1 million on revenue of $685.7 million in 2025, compared with a net loss of $48.2 million on revenue of $519.3 million a year earlier, according to a filing Friday with the US Securities and Exchange Commission. Liftoff,...
Liftoff Mobile Inc. filed again for an initial public offering just two months after withdrawing a previous registration. The Blackstone Inc. -backed company had a net loss of $23.1 million on revenue of $685.7 million in 2025, compared with a net loss of $48.2 million on revenue of $519.3 million a year earlier, according to a filing Friday with the US Securities and Exchange Commission. Liftoff, which helps place ads within mobile applications, was set to price its IPO in February to raise as much as $762 million when it pulled the offering. The move came amid a selloff in other software stocks driven by concerns over the impact of artificial intelligence. The firm refiled confidentially for a listing mere weeks after the postponement, an announcement at the time showed. Liftoff uses an internally developed neural network-powered AI prediction model called Cortex to generate its core advertising revenue. Its platform reached roughly 1.4 billion daily active users worldwide in the fourth quarter. AppLovin Corp. , which similarly operates in the mobile app marketing space, has dropped nearly 35% off a December peak, although it has soared more than 4,400% since the end of 2022. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here. Blackstone acquired a majority stake in Liftoff in 2021. The company is not expected to have majority control after the IPO, according to the filing. General Atlantic bought a minority stake in Liftoff last year in a deal that valued the company at $4.3 billion. The offering is being led by Goldman Sachs Group Inc. , Jefferies Financial Group Inc. and Morgan Stanley . The company expects its shares to trade on the Nasdaq Global Select Market under the symbol LFTO.
Netflix (NASDAQ:NFLX) provides streaming entertainment services worldwide and closed Friday at $97.31, down 9.72%. The stock moved lower after Q1 results paired strong profits with softer-than-expected Q2 guidance and leadership changes. Trading volume reached 124.7 million share
Netflix (NASDAQ:NFLX) provides streaming entertainment services worldwide and closed Friday at $97.31, down 9.72%. The stock moved lower after Q1 results paired strong profits with softer-than-expected Q2 guidance and leadership changes. Trading volume reached 124.7 million share
Gregg Piontek, Senior Vice President and CFO of NPK International (NYSE:NPKI) , disclosed the sale of 15,000 shares of common stock in an open-market transaction on April 9, 2026, as reported in an SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($15.04); post-transaction value based on April 9, 2026, market close ($15.04). NPK International operates at sc...
Gregg Piontek, Senior Vice President and CFO of NPK International (NYSE:NPKI) , disclosed the sale of 15,000 shares of common stock in an open-market transaction on April 9, 2026, as reported in an SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($15.04); post-transaction value based on April 9, 2026, market close ($15.04). NPK International operates at scale within the oil & gas equipment and services sector, supporting energy and industrial clients with specialized fluids systems and site access solutions. With a diversified product and rental portfolio, the company leverages technical expertise and a broad geographic footprint to drive stable revenue streams. Its competitive edge lies in integrated service offerings and exposure to multiple end markets, enhancing resilience across industry cycles. Continue reading
Doximity ( DOCS ) accepted chief financial officer Anna Bryson’s resignation on April 13, 2026, following her prior medical leave. Siddharth Sitaram, chief accounting officer, has been serving as interim principal financial and accounting officer since February 3, 2026. Sitaram will remain in the interim role until a new CFO is appointed. Doximity reaffirmed its previously issued guidance for Q4 a...
Doximity ( DOCS ) accepted chief financial officer Anna Bryson’s resignation on April 13, 2026, following her prior medical leave. Siddharth Sitaram, chief accounting officer, has been serving as interim principal financial and accounting officer since February 3, 2026. Sitaram will remain in the interim role until a new CFO is appointed. Doximity reaffirmed its previously issued guidance for Q4 and full fiscal year ending March 31, 2026. More on Doximity Doximity: Growth Outlook Is Murky Doximity, Inc. 2026 Q3 - Results - Earnings Call Presentation Doximity, Inc. (DOCS) Q3 2026 Earnings Call Transcript Healthcare quant check: RLAY and TNGX lead Seeking Alpha’s top picks ahead of Q1 earnings Mid-Cap healthcare stocks ranked by quant ratings after earnings season
Investors should consider buying two of the best buy-and-hold stocks on Wall Street heading into their quarterly earnings releases during the week of April 20: GEV, VRT.
Investors should consider buying two of the best buy-and-hold stocks on Wall Street heading into their quarterly earnings releases during the week of April 20: GEV, VRT.
Investors should consider buying two of the best buy-and-hold stocks on Wall Street heading into their quarterly earnings releases during the week of April 20: GEV, VRT.
Investors should consider buying two of the best buy-and-hold stocks on Wall Street heading into their quarterly earnings releases during the week of April 20: GEV, VRT.
Meta Platforms, Inc. (NASDAQ:META) is one of billionaire David Abrams’ best stock picks. Meta Platforms, Inc. (NASDAQ:META) is also a Wall Street favorite. The stock carries a consensus Strong Buy rating with a price target of $847.70, which suggests around 35% upside potential. On April 9, Piper Sandler reaffirmed its Overweight rating on Meta Platforms […]
Meta Platforms, Inc. (NASDAQ:META) is one of billionaire David Abrams’ best stock picks. Meta Platforms, Inc. (NASDAQ:META) is also a Wall Street favorite. The stock carries a consensus Strong Buy rating with a price target of $847.70, which suggests around 35% upside potential. On April 9, Piper Sandler reaffirmed its Overweight rating on Meta Platforms […]
With the world facing a potential new economic crisis, the mood at this week’s IMF-World Bank meetings is decidedly dour. Bloomberg Economics’ Stephanie Flanders and Shawn Donnan join David Gura to discuss on the Big Take podcast. (Source: Bloomberg)
With the world facing a potential new economic crisis, the mood at this week’s IMF-World Bank meetings is decidedly dour. Bloomberg Economics’ Stephanie Flanders and Shawn Donnan join David Gura to discuss on the Big Take podcast. (Source: Bloomberg)