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29,439 total articles
Kraft Heinz has named Nicolas Amaya as president of its North America business, replacing Pedro Navio effective February 23. The move comes a week after the packaged food maker paused plans to split the company and announced fresh investments to shore up its U.S. operations, which have been facing persistent demand weakness. New CEO Steve Cahillane…
Tempus AI, Inc. (NASDAQ:TEM) saw its stock rise 3.5% Wednesday following the announcement of HRD-RNA, a 1,660-gene logistic regression algorithm that evaluates Homologous Recombination Deficiency via tumor gene expression rather than DNA scarring. The algorithm is available for research use now, with clinical availability expected later this year. …
Citigroup has finalized the disposal of its former Russian unit, AO Citibank, transferring ownership to Renaissance Capital. The acquired bank will be renamed RenCap Bank and will function within the Renaissance Capital group while remaining a separate business unit and continuing to serve its traditional institutional clients. Both parties confirm…
Humain, a Saudi Arabia-backed artificial intelligence firm, has invested $3 billion in Elon Musk’s xAI, obtaining a significant minority stake just prior to xAI’s acquisition by SpaceX. Under the transaction terms, Humain’s interest in xAI will convert into SpaceX shares. The deal deepens collaboration between Humain and Musk’s companies and includ…
Citizens downgraded Workday from Market Outperform to Market Perform after founder Aneel Bhusri announced his return as chief executive and the company preannounced fourth-quarter results that were in line with guidance. The brokerage praised Bhusri’s background but warned the transition could require time and investment, and highlighted intensifyi…
Unnatural Products has entered a licensing agreement with Novartis to advance macrocyclic peptide therapies targeting a cardiovascular program. The California-based company will receive an upfront payment and is eligible for substantial milestone payments and tiered royalties, while Novartis will manage clinical development, manufacturing and globa…
Mister Car Wash Inc agreed to be acquired by majority owner Leonard Green & Partners in an all-cash transaction valuing the company at $3.1 billion. LGP, which already holds roughly 67% of outstanding shares, will buy the remaining shares for $7.00 per share, a 29% premium to the 90-day volume-weighted average through Feb. 17, 2026. The deal, appro…
Cisco Systems and startup Qunnect reported the successful operation of a quantum communications link between Brooklyn and Manhattan that transmits quantum signals over existing fiber optic infrastructure. The demonstration relied on Qunnect's hardware and Cisco's software to address practical obstacles in urban and data center cabling, including vi…
Arista Networks stock fell 2.9% in premarket trading following Meta Platforms' announcement of a long-term partnership with Nvidia to support AI-optimized data centers. The agreement includes extensive deployment of Nvidia's Spectrum-X Ethernet networking platform, prompting renewed market focus on potential competitive implications for Arista desp…
Hycroft Mining Holding Corporation reported a substantial expansion in its mineral resource inventory, filing an independent Technical Report with an effective date of January 21, 2026. The update raises the company’s measured and indicated gold and silver totals by 55%, and the stock rose 4.2% in premarket trading following the announcement.
Parazero Technologies Ltd (NASDAQ:PRZO) saw its stock rise about 2% in premarket trading after announcing a successful trial of its DefendAir system, which used net-launching technology to intercept a drone moving at 70 mph. The company described the event as a first for net-based interception performance at that speed and said the test simulated a…
Analysts at Wolfe Research say U.S. equity volatility is likely to persist in the near term as investors react to fears about artificial intelligence-driven disruption across multiple industries, alongside technical selling pressure and shifting fund flows. While some areas such as consumer staples have rallied early in the year amid an improving U…
Pinterest raised its first-quarter revenue guidance to $958 million-$978 million from a previous $951 million-$971 million range, attributing the revision to the partial-quarter contribution of its recently acquired connected-TV advertising platform, tvScientific. The deal, announced in December 2025, is Pinterest's first major acquisition since 20…
Garmin projected annual revenue and adjusted earnings above Street expectations after reporting a quarterly revenue beat and a sharp increase in fitness sales, citing robust demand for recently launched high-end smartwatches and a diversified sales and manufacturing model that helped preserve margins amid uneven consumer demand.
Rackspace Technology's stock more than doubled after the company announced a strategic alliance with Palantir Technologies to help customers deploy and operate Palantir’s Foundry and Artificial Intelligence Platform (AIP). Rackspace will supply implementation expertise, cloud hosting, and data migration support aimed at moving AI projects into prod…
Shares of cloud data analytics provider Snowflake (SNOW) have tumbled more than 30% since its fiscal third-quarter report. Citi analyst Tyler Radke maintained a Buy rating while trimming his price target to $270 from $300, contending that the market reaction was excessive given evidence of durable AI-driven consumption and constructive channel chec…
Airbnb announced a $750 payment for first-time entire-home hosts who complete their initial guest stay by July 31, aiming to grow supply in 16 North American cities preparing for the mid-2026 FIFA World Cup. The move comes as ticket demand and short-term rental pricing climb, and as the tournament may help reverse a recent dip in U.S. inbound trave…
Moody’s issued a full-year adjusted earnings-per-share outlook that slightly exceeds analyst consensus, driven by higher demand for credit ratings amid increased bond issuance from major technology companies. The ratings unit posted solid fourth-quarter revenue growth, and the firm beat quarterly profit expectations, though its stock has endured de…
Analog Devices on Wednesday projected second-quarter revenue and adjusted earnings well above analysts' expectations, driven by robust orders from industrial clients and expanding data center capacity for generative AI workloads. The Wilmington, Massachusetts chipmaker reported first-quarter revenue that surpassed estimates and saw its shares jump …
Futures tied to Canada’s main stock index traded higher on Wednesday after a rise in energy and precious metals prices. The S&P/TSX composite had slipped on Tuesday, with volatility in gold and lower oil weighing on the commodity-heavy benchmark. Market attention is shifting to upcoming U.S. economic data and the minutes from the Federal Reserve’s …
UBS has lifted its 2026 forecast for U.S. investment-grade bond issuance by major technology companies while reducing its projection for U.S. leveraged loan issuance, citing higher capital expenditure plans among hyperscalers and the potential for AI-driven disruption to affect leveraged credit markets.
UBS has moved the communication services sector from an Attractive to a Neutral rating, saying the sector's upside relative to peers has diminished after a period of strong performance and rising capital-expenditure expectations. The bank highlighted gains from AI adoption but warned that much larger hyperscaler spending and fierce competition amon…
Recursion Pharmaceuticals (NASDAQ:RXRX) fell about 12% Wednesday morning after filings revealed that NVIDIA (NASDAQ:NVDA) had fully divested a holding of roughly 7.71 million shares. The chipmaker had held the stake for about two years. The regulatory disclosure gave no explanation for the sale, and market participants reacted to the loss of a prom…
Saudi Arabia's equity market closed higher Wednesday, with the Tadawul All Share rising 0.52%. Gains were concentrated in the Insurance, Industrial Investment and Financial Services sectors, while individual big-cap movers showed a mixed performance. Energy and precious metals prices moved higher in commodities trading.
TeamViewer shares fell about 3% after Bernstein reduced its adjusted EPS forecasts for FY26-27 by roughly 11% on average and lowered its price target to 7.60 euros from 11 euros. The brokerage kept a Market-Perform rating but highlighted growing near-term disruption risks from AI, moderate customer switching costs—particularly among SMBs—and soft g…
