The brokerage raised GM’s price target to $48 from $45 while keeping a ‘Neutral’ rating, noting that the carmaker has established itself as the best Detroit-based automaker.
Tether CEO Paolo Ardoino blamed the delay on the Biden-era crackdown on cryptocurrencies, stating that a full audit is now the company’s “top priority.”
The cryptocurrency had been blacklisted by the Office of Foreign Assets Control (OFAC) in 2022, alleging that the privacy-focused platform facilitated money laundering tied to North Korea’s Lazarus Group.
The preferred stock carries a 10% annual dividend, payable quarterly in cash. If the company fails to make a dividend payment, unpaid amounts will compound at an increasing rate, potentially reaching as high as 18% per year.
The company reported a total revenue of RMB19.70 billion ($2.69 billion), which marked a 15.2% increase from the corresponding quarter of 2023 but fell below an analyst estimate of RMB20.19 billion, per FinChat data.
Despite the strong headline numbers, concerns over gross margins and near-term pricing pressure weighed on sentiment. The company's fiscal Q2 revenue declined 8% sequentially, reflecting weaker demand in certain segments.
BP will continue to be the controlling shareholder of BP TANAP and retain long-term commercial and strategic interests, including governance rights, in the pipeline.
WSJ reported on Thursday that the ice cream makers’ founders, Ben Cohen and Jerry Greenfield, have also sent a message of support to the company’s employees.
Jefferies acknowledged acute liver failure could signal a new safety risk but maintained that the high unmet need for DMD treatments supports the bull case.
ARB announced that its wholly-owned subsidiary, ARB Agro Technology, has received an additional order to manage 2,000 acres of palm oil plantations in the Sabah region of Malaysia.
Analysts expect Nucor to post revenue of $7.29 billion in Q1, which would be a decline of over 10% year-on-year, compared to $8.14 billion in the year-ago period.
Explaining the reasoning behind the guidance, US Steel CEO David Burritt said that demand in Europe is still subdued even as pricing has improved slightly.
Morgan Stanley analysts cited lower-than-expected deliveries in their updated models, an aging lineup, and a "buyer's strike" driven by negative brand sentiment.
Goldman Sachs noted that investors would be justified in being dissatisfied with the management’s outlook due to a growing macroeconomic uncertainty among both business leaders as well as policymakers.
The CEO has said the company aims to address the failures of pharmacy benefit managers by providing affordable medications and ensuring safe opioid administration.
The parcel-delivery firm forecasted adjusted earnings of $18 to $18.60 per share for the fiscal year, compared with $19 to $20 per share projected earlier.
Sentiment was buoyed by the CEO's remarks on transitioning key customers to its next-generation lidar technology, securing new contracts and expectations for lidar shipments to at least triple this year.
Piper Sandler, on Thursday, downgraded Rivian to ‘Neutral’ from ‘Overweight’ while reducing its price target to $13 from $19 after struggling to identify upside catalysts for the shares this year.
Oklo has signed an Interface Agreement (IAG) with INL, which will allow the company to begin initial site work on its Aurora nuclear powerhouse in Idaho.
Jeremy Bird, EVP of Driver Experience at Lyft, said that over time, AVs will become more affordable and capable of completing more rides under more conditions than they do today.
The company said its available cash, cash equivalents, and marketable securities will be sufficient to cover the expenses and capital requirements into 2027.
In its most recent 10-K filing, the company disclosed that its contracts with U.S. federal government agencies accounted for approximately 17% of its North American revenues in fiscal 2024.
Paratek will acquire Optniose's outstanding shares for $9 apiece in cash, representing a 50% premium to the stock’s closing trading price of $6 on March 19.
The company said that the project's scope includes 2.2 megawatts of solar arrays and 44 level two electric vehicle charging stations across 11 sites within the district.
The services will include exclusive use of the Facility by ICE, security, maintenance, and food services, as well as access to recreational amenities, medical care, and legal counsel.
Some Stocktwits users are skeptical whether the address will bring about substantive policy changes, viewing it as more political posturing than meaningful action.
According to TheFly, UBS upgraded Southwest to ‘Neutral’ from ‘Sell’ with a price target of $36, while Melius Research upgraded the stock to ‘Hold’ from ‘Sell’ with a price target of $34.
The company issued the recall over concerns that a stainless steel exterior trim panel on the truck may delaminate and detach from the vehicle, according to U.S. auto safety regulator National Highway Traffic Safety Administration’s report on the recall.
Cruise operators, including Carnival, Royal Caribbean Group (RCL), and Norwegian Cruise Line Holdings (NCLH), reported broadly strong revenue and profit growth last year, driven by robust demand and higher pricing.
News-based moves set off intense retail chatter regarding some of SMID-cap tech stocks on Wednesday even as the market embarked on a Fed-inspired rally.
CEO Jensen Huang highlighted Nvidia’s procurement outlay for the next four years, saying the artificial intelligence (AI) bellwether plans to spend half a trillion dollars on buying components as it feeds the demand for its AI chips.
This comes ahead of the company’s investor day scheduled for March 25, where new CEO Andy Silvernail is set to field questions about the company’s strategies going forward.
