US refiners produce jet fuel at near-record levels US refiners are producing jet fuel at a near-record pace, with recent output topping 2M bbl/day. This increase is due to added capacity and maximized yields. US jet fuel production has jumped significantly
Conduent agrees to divest its public transit business for $164M, triggering a 12% jump in after-hours trading. Conduent (CNDT) will sell its public transit operating unit to Modaxo for $164M under a definitive agreement announced Thursday. The deal focuses on Conduent Tran
The acquisition adds a triple net lease property with eight years remaining to FCPT's real estate portfolio. Four Corners Property Trust (FCPT) has acquired a Gerber Collision property in North Carolina for $3.5 million. The transaction involves a corporate-operated facili
The NQ100 index rebounded after a 1,000-point decline from its May 14 all-time high, signaling slowing momentum in its uptrend. The Nasdaq 100 (NQ100) retraced after hitting a record high on May 14, dropping 1,000 points before attracting new buyers. The index is now retes
Zoom Communications lifts full-year 2026 revenue guidance to $5.08B-$5.09B, surpassing consensus estimates of $5.07B. Zoom Communications (ZM) surged approximately 7% in after-hours trading Thursday after reporting first-quarter results that exceeded expectations on both r
Chinese AI firm DeepSeek assembles a Beijing-based team to develop a native agentic coding tool at a fraction of Claude Opus 4.7's cost. DeepSeek is forming a Beijing-based team to build a native agentic coding tool, Code Harness, directly competing with Anthropic's Claude
The defense contractor wins a modification to provide production, engineering, and repair services for the Navy's torpedo program. Science Applications International Corp (SAIC) has been awarded a $112.3 million contract modification by the U.S. Navy for work on the MK 48
Buzz Capital to raise up to $1 million Buzz Capital plans to conduct a non-brokered private placement of up to 6.67 million units. Each unit will be sold at $0.15 per unit. The company aims to raise up to $1 million in gross proceeds.
The exchange will list four thematic perpetual futures contracts on AI, China, defense, and Nasdaq stocks under U.S. regulatory oversight. Coinbase Global’s derivatives unit will introduce perpetual-style equity index futures on June 8, 2026, marking the first such contrac
The Chinese gaming firm reported first-quarter revenue growth driven by strong performance in its core games segment. NetEase reported Q1 2026 revenue of RMB 30.6 billion, reflecting continued growth in its gaming business. The company attributed the results to solid execu
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