JD.com stock declines 2.3% in latest drop, capping a 17% monthly decline amid broader market pressure. JD.com (JD) shares fell 2.3% to $24.90 on Thursday, marking the seventh consecutive session of losses. The decline follows a 10% drop over the prior six sessions, bringin
The steel producer targets $150M in EBITDA synergies after acquiring a 62% stake in Kloeckner & Company. Worthington Steel announced plans to achieve $150M in EBITDA synergies following its acquisition of a 62% stake in Kloeckner & Company. The deal, completed June 3, mark
IRM stock approaches a buy point as demand for data center services drives a 55% year-to-date rally. Iron Mountain (IRM) has climbed 55% year-to-date, nearing a buy point as the company benefits from rising demand for data center services. The records storage provider is e
Investors face losses as silver, a traditional safe-haven asset, tumbles from its January 2026 peak above $120 an ounce. Silver has collapsed more than 50% from its record high, falling to a six-month low after a historic rally driven by safe-haven demand and supply constr
AI-driven memory price surge lifts storage stocks but pressures server margins, splitting sector performance mid-session. Dell Technologies shares fell 6% to $407 in midday trading Thursday, extending losses after reporting a drop in gross margin from 21% to 18% last quart
The cash offer values Bio-Techne at approximately $11.3 billion, drawing attention to the life sciences tools sector. Merck KGaA agreed to buy Bio-Techne for $73 per share in an all-cash deal, valuing the transaction at roughly $11.3 billion. The acquisition highlights gro
ExxonMobil forecasts $5 billion in annual earnings and cash flow growth by 2030 through technology-driven cost efficiencies. ExxonMobil expects to increase annual earnings and cash flow by $5 billion by 2030 without raising capital expenditures. The company attributes this
Bank of America raises DraftKings' prediction market TAM to $1.9 trillion but keeps Neutral rating as growth risks weigh on shares. DraftKings (NASDAQ:DKNG) shares have fallen nearly 17% from recent highs, trading at $23.50 after swinging between $23.50 and $30 since May.
SpaceX will join the Russell 1000 index Monday following a new rule allowing fast-track inclusion for newly public companies. SpaceX will be added to the Russell 1000 index after markets close Friday, with inclusion effective at Monday’s open. The move follows a rule chang
Trump administration directs federal agencies to deliver a quantum computer by 2028 and allocates $2 billion in grants to nine companies. The U.S. government committed $2 billion in CHIPS Act grants to nine quantum computing firms, marking its largest single investment in
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