Higher Treasury yields and oil prices drove major indices lower, erasing earlier weekly advances and pushing small caps down over 2%. US equities closed sharply lower as rising Treasury yields and oil prices weighed on sentiment. The Dow fell 537.07 points, or 1.07%, while
Ensysce Biosciences reports Q1 GAAP EPS of -$0.52 Ensysce Biosciences reported a Q1 GAAP EPS of -$0.52, beating by $0.21. The company received federal grants of $0.96M, a 27.3% year-over-year decrease, missing by $0.94M. The company's cash and cash equivalents
Tech stocks led weekly gains but reversed Friday after the US-China summit weighed on the Nasdaq Composite Index. The Nasdaq Composite Index fell 1.54% on Friday, snapping a weeks-long rally as tech stocks retreated following the US-China summit. Cisco emerged as a standou
Rani Therapeutics reports Q1 revenue of $1.7M, exceeding expectations by $1.2M amid strong contract growth. Rani Therapeutics posted Q1 revenue of $1.7 million, a 900% year-over-year increase, beating estimates by $1.2 million. The company’s GAAP EPS of -$0.04 matched expe
The Federal Reserve cleared the trust's acquisition of National Bancorp Holdings and its subsidiary, The Federal Savings Bank. The Federal Reserve Board approved an application by the Stephen M. Calk 2025 Trust to become a savings and loan holding company. The move allows
The Federal Reserve approved the conversion of United Texas Bank from Fed supervision to OCC oversight under Dodd-Frank requirements. The Federal Reserve Board announced it did not object to United Texas Bank’s conversion from a state member bank under its supervision to a
Latch reported a narrower adjusted EBITDA loss and 19.1% software revenue growth despite a slight year-over-year revenue decline. Latch Inc. reported a first-quarter GAAP loss of $0.04 per share on revenue of $15.7 million, down 0.6% from the same period last year. The com
Dow and S&P 500 decline over 1% as higher yields weigh on tech shares after US-China summit concludes. Wall Street’s major indices closed lower Friday, pressured by a tech sector selloff and rising US Treasury yields. The Dow fell 1%, while the S&P 500 declined 1.2%, marki
Ministers suggest Keir Starmer may resign if Andy Burnham secures victory in the Makerfield by-election, citing private discussions. Speculation over UK Prime Minister Keir Starmer’s leadership has intensified amid reports he may step down if Andy Burnham wins the Makerfie
Traditional exchanges urge regulators to scrutinize Hyperliquid’s pseudonymous trading amid record energy derivatives activity. Intercontinental Exchange and CME Group have reportedly raised concerns with the CFTC about market integrity risks tied to Hyperliquid, a decentr
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