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Quantum-computing firm Rigetti jumps after $350 mln equity offering
** Rigetti Computing's RGTI.O shares up 10.8% to $12.45 on Weds after co completes equity raise** RGTI shares rose as much 20.5% to $13.56 on the session** Berkeley, California-based Rigetti early Weds says it raised $350 mln by selling ~30.3 mln shares under recently disclosed ATM (at-the-mark...Reuters
Wed, Jun 11
Byline Bancorp falls after $106 million secondary offering
** Shares of regional lender Byline Bancorp BY.N fall 4.5% to $25.53 ** BY late Tuesday announced pricing of secondary offering of nearly 4.3 million shares ** Selling shareholders, including the estate of Daniel Goodwin and Equity Shares Investors — an affiliate of the estate, raised $106 million i...Reuters
Wed, Jun 11
Why Lockheed Martin Stock Just Dropped
Lockheed Martin (NYSE: LMT), the giant defense stock that makes America's vaunted F-16, F-22, and F-35 fighter jets, tumbled 5.5% through 11:40 a.m. ET Wednesday morning. And why?As Bloomberg reports, the U.S. Pentagon is reducing its budget request for new F-35 stealth fighter jets in fiscal year 2...The Motley Fool
Wed, Jun 11
Why Chewy Stock Crashed Today
Chewy (NYSE: CHWY) stock tumbled 10% through 11:20 a.m. ET Wednesday despite beating analyst forecasts on both top and bottom lines.Heading into the company's fiscal Q1 2025 report, analysts expected the online purveyor of pet supplies to report $0.34 per share in adjusted profit on just under $3.1 ...The Motley Fool
Wed, Jun 11
US STOCKS-Wall Street rises after cooler May inflation data
Indexes up: Dow 0.39%, S&P 500 0.27%, Nasdaq 0.35%GameStop falls after reporting decline in quarterly revenueUS consumer prices rise moderately in MayIntel shares fallBy Kanchana Chakravarty and Sukriti Gupta June 11 (Reuters) - Wall Street's main indexes rose on Wednesday, as a tame infl...Reuters
Wed, Jun 11
Oklo soars to all-time high after moving closer to US Air Force deal
** Shares of Sam Altman-backed nuclear technology firm Oklo OKLO.N jumps ~26% to an all-time high of $66.17** Companys says it received notice of intent to award a power purchase agreement for a pilot reactor from the energy logistics agency of the U.S. Defense Department** OKLO will design, constru...Reuters
Wed, Jun 11
Ategrity Specialty soars in cracking NYSE debut after $113 million IPO
** Ategrity Specialty Insurance's ASIC.N shares jump as much as 40.5% to $23.89 in their debut on the New York Stock Exchange ** Stock opens at $23.65 vs $17 IPO price, valuing the New York-based firm at $1.1 billion** ASIC raised $113.3 million by selling ~6.7 million shares above its market...Reuters
Wed, Jun 11
Starbucks rises; received 'a lot of interest' for China business, CEO tell FT
** Shares of coffee chain Starbucks SBUX.O up 3.5% at $94.61** Co fielding "a lot of interest" for China business stake, CEO tells Financial Times in an interview** Starbucks has been considering options for its troubled business in China as it grapples with stiff competition from cheaper co...Reuters
Wed, Jun 11
Caterpillar raises quarterly dividend, shares rise
** Shares of construction and mining equipment maker Caterpillar CAT.N rise 1.8% to $362.75 ** Co raises its quarterly dividend by 10 cents to $1.51 per share of common stock** Dividend is payable on Aug. 20 to shareholders of record at close of business on July 21 ** Co holds a trailing 12-mont...Reuters
Wed, Jun 11
LIVE MARKETS-Waiting for the chickens to come home to roost: CPI barely changed, tariff effect a no-show
Main US indexes up modestlyTech leads S&P 500 sector gainers; Materials, Staples dipEuro STOXX 600 off ~0.2%Dollar, bitcoin dip; gold gains; crude up >2%US 10-Year Treasury yield falls to ~4.44%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can ...Reuters
Wed, Jun 11
GLOBAL MARKETS-Stocks up, Treasury yields down on cooler inflation, US-China deal
Trump says US-China trade deal doneCPI data shows little change in pricesU.S. stocks rally to near record levels, dollar dipsTreasury yields fall but traders await auction results Oil rises to 7-week high on US-China trade dealBy Lawrence Delevingne and Lawrence White June 11 (Reuters) - Wall...Reuters
Wed, Jun 11
These Artificial Intelligence (AI) Stocks Could Appeal to Warren Buffett-Style Investors
Stock market guru Warren Buffett is renowned as a value investor who believes that it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.Yet applying Buffett's approach to the artificial intelligence (AI) market can prove challenging. Finding reasonably ...The Motley Fool
Wed, Jun 11
GitLab slumps; brokerages cut PT following quarterly results
** Software development platform GitLab GTLB.O falls 7.3% to $44.97 after beating Q1 revenue estimates** J.P.Morgan says revenue beat was lowest in co's history; cuts PT to $52 from $58** Co Q1 revenue $214.5 mln vs $213.2 mln estimates - data compiled by LSEG** At least 14 brokerages cut PT** G...Reuters
Wed, Jun 11
LIVE MARKETS-Wall Street nearing records; Trump says US-China deal done
Main US indexes up modestlyTech leads S&P 500 sector gainers; Materials weakest groupEuro STOXX 600 index ~flatDollar dips; bitcoin ~flat; gold gains; crude up ~2%US 10-Year Treasury yield falls to ~4.43%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. Y...Reuters
Wed, Jun 11
CANADA STOCKS-TSX hits record high after US inflation relief; Dollarama jumps
By Ragini Mathur June 11 (Reuters) - Canada's main stock index climbed on Wednesday as investors welcomed softer-than-expected U.S. inflation figures, while strong results from Dollarama lifted the consumer discretionary sector.The S&P/TSX composite index .GSPTSE rose 0.5% at 26,562.13 po...Reuters
Wed, Jun 11
Why MP Materials Stock Plummeted Today
Shares of MP Materials (NYSE: MP), America's biggest miner of rare earth metals, tumbled 8.3% through 10:10 a.m. ET Wednesday after President Donald Trump posted on Truth Social about a new trade deal reached with the Chinese delegation in London last night:"OUR DEAL WITH CHINA IS DONE, SUBJECT TO F...The Motley Fool
Wed, Jun 11
