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U.S. commercial crude oil stockpiles likely expanded for a second consecutive week, while gasoline and distillate inventories are projected to have declined during the week ended Feb. 13, according to a survey of analysts and traders.
Rackspace Technology stock skyrocketed more than 260% Tuesday following the announcement of a strategic partnership with Palantir Technologies. The collaboration centers on Palantir’s Foundry and Artificial Intelligence Platform (AIP), positioning Rackspace as a key implementation partner for data migration and managed operations.
Axcelis Technologies Inc. shares plummeted 15% following the release of its fourth-quarter results, as a year-over-year decline in profit and a soft outlook for the coming quarter outweighed a beat on analyst estimates.
U.S. natural gas stockpiles likely decreased by 152 billion cubic feet last week as persistent cold weather across several regions sustained heating demand. This projected draw, based on a survey of 11 analysts and traders, aligns closely with historical seasonal norms despite fluctuations in weather patterns.
Cleveland-based paint manufacturer Sherwin-Williams has authorized a 1.3% increase to its quarterly cash dividend, raising the payout to 80 cents per share for the upcoming distribution cycle.
Sensei Biotherapeutics shares skyrocketed on Wednesday following the dual announcement of its acquisition of Faeth Therapeutics and a $200 million private placement agreement. The deal marks a dramatic pivot for the biotech firm, which recently shuttered its lead drug program to undergo a strategic overhaul.
Jones Lang LaSalle (JLL) shares climbed 5% on Thursday after the real estate services giant reported fourth-quarter financial results that significantly exceeded analyst expectations. Driven by strong gains in capital markets and property management, the company posted revenue of $7.61 billion, surpassing both prior-year figures and consensus estimates.
Hecla Mining shares climbed Wednesday after the Idaho-based producer reported fourth-quarter revenue that significantly outpaced Wall Street estimates, fueled by a dramatic surge in precious metal prices.
Shares of ImmunityBio jumped on Wednesday after the European Commission granted conditional marketing authorization for the company’s immunotherapy drug, Anktiva. The decision clears the treatment for use alongside the Bacillus Calmette-Guerin (BCG) vaccine in adults battling specific forms of non-muscle invasive bladder cancer.
Constellium shares climbed Wednesday after the aluminum manufacturer reported fourth-quarter revenue that surpassed analyst estimates and swung to a profit, while maintaining its ambitious 2028 financial goals.
U.S. natural gas stockpiles likely decreased by 152 billion cubic feet last week as persistent cold weather across several regions sustained heating demand, according to a survey of market analysts.
Kratos Defense & Security Solutions shares jumped Wednesday after the company secured a Pentagon contract to evaluate thermal protection systems for hypersonic vehicles. The partnership aims to standardize testing protocols to accelerate the deployment of next-generation U.S. aerospace technologies.
Caesars Entertainment shares surged 14% on Wednesday after the casino operator’s latest quarterly results eased investor anxiety regarding a potential spending slowdown on the Las Vegas Strip. While performance remains down year-over-year, a narrower-than-expected revenue decline suggests the gambling hub is stabilizing after a volatile 2025.
IA Financial Group shares tumbled 11% on Wednesday after the Canadian insurer reported fourth-quarter profits that trailed analyst expectations, weighed down by rising corporate expenses and tepid growth in its wealth management division.
Cadence Design Systems shares jumped more than 9% Wednesday after the chip-design software maker reported fourth-quarter results and full-year guidance that surpassed Wall Street projections. Driven by a surge in artificial intelligence infrastructure needs, the company ended the year with a record backlog and a bullish outlook for the coming fiscal periods.
Canada’s benchmark stock index surged Wednesday as a tech-led rally outweighed a double-digit slide in IA Financial shares. The S&P/TSX Composite Index rose 1.5% to 33,364.84 by midday, finding momentum across most sectors even as harsh winter weather triggered a 5.8% drop in national home sales.
Upwork shares surged on Wednesday after the freelance marketplace operator’s board approved a new $300 million stock repurchase program. The move signals a pivot toward returning capital to investors following a period of significant share price volatility and a broader strategic focus on profitability.
Walmart is set to report fourth-quarter results this Thursday, with analysts projecting a significant rise in both profit and revenue as the retail giant leverages its $1 trillion market valuation. The report marks the high-stakes debut of John Furner as CEO, following a period where the company successfully captured market share across diverse income brackets through aggressive digital and automation investments.
Global-e Online shares jumped 14% after the e-commerce facilitator posted fourth-quarter results that significantly outpaced analyst expectations for both profit and revenue. The company reported a sharp rise in gross merchandise volume, signaling robust demand for its cross-border retail services despite a complex global macroeconomic environment.
Halozyme Therapeutics shares dropped nearly 9% on Wednesday after the biopharmaceutical firm reported an unexpected fourth-quarter loss, a downturn driven primarily by heavy acquisition-related expenses that overshadowed a significant jump in revenue.
TFI International shares tumbled on Wednesday after the Montreal-based logistics firm reported lower fourth-quarter profit and revenue, driven by a cooling freight market. While the company exceeded adjusted earnings expectations, a cautious forecast for the first quarter of 2024 triggered investor concerns over the pace of recovery in the shipping sector.
Humain, a Saudi Arabian artificial intelligence firm, revealed a $3 billion investment in Elon Musk’s xAI just weeks before the startup merged with SpaceX. The move secures the government-backed company a significant minority stake in the combined aerospace and AI giant ahead of a highly anticipated initial public offering slated for later this year.
Fiverr International shares tumbled 11% after the freelance marketplace reported fourth-quarter earnings that missed analyst estimates and issued a cautious long-term revenue forecast. The sell-off reflects growing investor anxiety over the company’s ability to sustain buyer growth amid a volatile macroeconomic environment.
Airbnb is launching its largest-ever incentive program, offering a $750 bonus to first-time hosts in the 16 cities slated to host the 2026 FIFA World Cup. The initiative seeks to bolster housing supply as the short-term rental platform reports a massive spike in travel interest ahead of the global tournament.
The global uranium market is entering a structural deficit as the surge in AI data centers and a shift toward carbon-free energy drive nuclear demand to historic highs. With the United States facing a total ban on Russian imports by 2028, industry leaders warn that a massive infusion of capital into mining and enrichment is required to prevent a severe fuel shortage for the world's reactor fleets.
Johnson & Johnson is investing more than $1 billion to construct a next-generation cell therapy manufacturing facility in Montgomery County, Pennsylvania, as part of a massive push to localize high-tech medical production.
Similarweb shares cratered more than 30% to a 52-week low on Thursday after the digital intelligence firm reported a wider-than-expected fourth-quarter loss and issued disappointing revenue guidance. The sell-off reflects investor anxiety as the company struggles with decelerating growth and weakening retention rates among its largest clients.
Insulet shares jumped nearly 10% following a fourth-quarter performance that outpaced Wall Street estimates on both the top and bottom lines. The medical device manufacturer reported a significant revenue increase and issued robust long-term growth targets for 2026, signaling confidence in its insulin delivery technology market share.
Madison Square Garden Sports shares hit an all-time high on Wednesday after the company announced it is exploring a plan to spin off the New York Knicks and New York Rangers into separate publicly traded entities. The proposed move aims to unlock value by decoupling the NBA and NHL franchises, allowing each to operate with independent strategic focuses.
Unnatural Products has secured a research and licensing agreement with Novartis worth up to $1.8 billion to develop macrocyclic peptide therapeutics. The partnership aims to combine AI-driven drug discovery with global pharmaceutical scale to address complex cardiovascular targets that have historically eluded traditional treatment methods.