Month: June 2025
Stocks making the biggest moves midday: AeroVironment, BP, Flagstar, QuantumScape and more
Check out the companies making the biggest moves midday: AeroVironment — The defense contractor rallied more than 22% after reporting better-than-expected results for its fiscal fourth quarter. AeroVironment earned $1.61 per share, excluding certain items, on revenue of $275.1 million. Analysts polled by FactSet expected a profit of $1.38 per share on revenue of $241.5 […]
Read More
Nvidia shares head for record close as Wall Street shrugs off China concerns
Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Gonzalo Fuentes | Reuters Nvidia shares rose nearly 3% on Wednesday and headed for a record close for the first time since […]
Read More
This chip stock that’s been hotter than Nvidia is set to report earnings. Here’s what analysts expect
Micron Technology is scheduled to post its fiscal third-quarter earnings Wednesday after the bell, and some analysts are taking a rather optimistic view. The semiconductor manufacturing company is expected to earn $1.60 per share on $8.872 billion in revenue, according to analysts surveyed by LSEG. That would mark a more than 158% gain in earnings […]
Read More
BP shares jump 7% on report it is in early-stage talks to be acquired by Shell
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images BP shares jumped Wednesday on a report that the oil major is in early-stage talks to be acquired by Shell. People familiar with the […]
Read More
Trump threatens tough trade deal for Spain after it refuses to meet NATO defense spending target
U.S. President Donald Trump speaks during a press conference, at the NATO summit in The Hague, Netherlands, June 25, 2025. Brian Snyder | Reuters U.S. President Donald Trump on Wednesday said Spain’s refusal to meet the NATO defense spending target of 5% of gross domestic product will mean a tougher trade deal for the southern […]
Read More
U.S. Senate committee advances nomination of Republic CEO to head FAA
FILE PHOTO: Bryan Bedford, chairman and chief executive officer of Republic Airways Holdings Inc., speaks at the Global Business Travel Association (GBTA) 2011 convention in Denver, Colorado, U.S., on Tuesday, Aug. 23, 2011. Matthew Staver | Bloomberg | Getty Images The Senate Commerce Committee on Wednesday voted 15 to 13 to approve the nomination of […]
Read More
Sales of new homes tanked in May, pushing supply up to a 3-year high
Houses undergo construction in a neighborhood on April 17, 2025 in Austin, Texas. Brandon Bell | Getty Images Sales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally-adjusted, annualized basis, according to the U.S. Census. That sales total was 6.3% lower than May 2024 and well below […]
Read More
Drone maker AeroVironment shares pop 24% on earnings beat
An unmanned aerial vehicle (UAV) at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, US, on Tuesday, May 17, 2022. Luke Sharrett | Bloomberg | Getty Images AeroVironment stock rocketed more than 24% higher Wednesday as the drone maker beat fourth quarter expectations on the top and bottom […]
Read More
Blockchain-driven platform to mimic stock trading, allowing users to buy shares of SpaceX, other hot private companies
Artistgndphotography | E+ | Getty Images Republic, a New York-based investment startup, is offering users exposure to SpaceX by issuing a “tokenized” representation of its shares. The company will begin selling the digital tokens this week and eventually plans to expand the offering to other private companies like artificial intelligence darlings OpenAI and Anthropic, as […]
Read More
Watch Fed Chair Jerome Powell testify live before Senate banking panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is back Wednesday on Capitol Hill, this time speaking to the Senate banking committee as part of his semiannual monetary policy testimony. In his remarks […]
Read More