NuScale Power faces execution risks despite regulatory approvals and AI-driven energy demand growth for its small modular reactors. NuScale Power’s market capitalization has fallen below $4 billion as the company struggles to commercialize its small modular reactor (SMR) t
Baker Hughes reports a weekly increase in total rigs, driven by oil rig gains, while crude prices remain below key moving averages. The US total rig count climbed by 5 to 758 in the latest week, led by a 10-rig increase in oil rigs to 425. Natural gas rigs fell by 3 to 125
Baker Hughes data shows a weekly increase in active oil rigs, signaling higher drilling activity amid rising oil prices. The number of active oil rigs in the US climbed by 10 to 425 in the latest reporting period, according to industry data. This marks a rebound in drillin
Freddie Mac reports a 15-basis-point weekly rise in the benchmark mortgage rate, pressuring homebuyer affordability during peak season. The average 30-year fixed mortgage rate in the US rose to 6.51% this week, up from 6.36% last week, reaching its highest level since Augu
Qualcomm Surges 12%, Skyworks Rallies 9%, Qorvo Rises 7%: The Mobile Chip Trade Picks Smaller Winners Quick Read - Qualcomm (QCOM) stock spiked 11% on Q2 revenue of $10.6B and record automotive revenue of $1.33B (+38% YoY). - Skyworks Solutions (SWKS) stock climbed 9% after the...</strong
Spotify’s 2026 Investor Day eased AI margin concerns and reinforced growth targets, prompting Jefferies to raise its price target. Jefferies increased its price target for Spotify Technology SA (SPOT) to $600 from $540 after the company’s 2026 Investor Day presentation. Sh
If it seems like everything is expensive these days, it might not be just because of inflation. When tariffs were raised, those costs were either passed onto consumers or companies And now that some of the tariffs from the past year have been deemed unconstituitiona
The stock market hates uncertainty, and Parsons Corp. (NYSE: PSN) is serving it up. The engineering and defense company lost a heavily promoted $12.5 billion Federal Aviation Administration (FAA) contract bid in December and faces top-line pressure from the wind-down of a
PLTR shares fell 0.63% Friday, halting a six-session streak that outperformed the S&P 500 by 3.5 percentage points. Palantir Technologies (PLTR) shares declined 0.63% to $136.56 in Friday’s afternoon trading, ending a six-session winning streak. The drop followed gains of
Home Depot sales grew 4.8% to $41.8 billion Home Depot's sales increased 4.8% to $41.8 billion in the first quarter of fiscal 2026. The company's comparable sales rose 0.6% during the period. The company's earnings per share dropped to $3.30 from $3.45, due to margi
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