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AppLovin Shares Rise After Phillip Securities Upgrade

AppLovin (APP) shares rose 2.2% on Tuesday after Phillip Securities upgraded the stock to buy from accumulate and adjusted its price target to $635 per share from $725.Trading volume stood at about 2.9 million shares compared with a daily average of close to 5 million.Price: $488.18, Change: $+9.76, Percent Change: +2.04%

$APP

Wire52d ago

Celanese Shares Rise After JPMorgan Upgrade

Celanese (CE) shares rose 1.1% in afternoon trading Tuesday after JPMorgan upgraded the stock to overweight from neutral, with a price target of $68 per share.Trading volume stood at nearly 1.1 million shares, compared with a daily average of over 2.6 million.Price: $60.18, Change: $+0.63, Percent Change: +1.06%

$CE

Wire52d ago

Braskem Shares Rise After JPMorgan Upgrade

Braskem (BAK) shares rose 26% on Tuesday after JPMorgan upgraded the stock to overweight from neutral with a price target of $5.50 per share.Trading volume stood at nearly 7.3 million shares compared with a daily average of close to 2.7 million.Price: $4.80, Change: $+1.00, Percent Change: +26.26%

$BAK

Wire52d ago

Update: AST SpaceMobile Shares Fall After Q1 Loss Widens

(Updates with the latest stock movement in the first paragraph and headline.)AST SpaceMobile (ASTS) shares were down roughly 14% in Tuesday trading after the company's Q1 loss widened.The company reported a Q1 loss late Monday of $0.66 per diluted share, widening from a loss of $0.20 a year earlier.Analysts polled by FactSet expected a loss of $0.24.Revenue for the three months ended March 31 was $14.7 million, up from $718,000 a year earlier.Analysts surveyed by FactSet expected $39 million, if comparable.The company said it is on track to achieve full-year 2026 revenue guidance of $150 million to $200 million. Analysts expect $176.9 million.Price: $71.50, Change: $-11.05, Percent Change: -13.39%

$ASTS

Wire52d ago

West Pharmaceutical Shares Fall After Cyberattack Disrupts Global Operations

West Pharmaceutical Services (WST) shares were down more than 2% in intraday trading on Tuesday after the company said its global operations were disrupted by a cyberattack, according to a regulatory filing.The company said it detected an intrusion on May 4, in which certain data was exfiltrated by an unauthorized party and some systems were encrypted.West Pharmaceutical said it activated its incident response protocols, including taking systems offline globally for containment, notifying law enforcement and engaging external cyber-forensic experts.The company said its investigation is ongoing and the timeline for full restoration of operations has not yet been determined.Price: $315.43, Change: $-6.87, Percent Change: -2.13%

$WST

Wire52d ago

Nebius Breaks Ground on AI Factory in Missouri

Nebius (NBIS) said Tuesday it marked the start of construction of its gigawatt-scale artificial intelligence factory on about 400 acres in eastern Independence, Missouri.The AI factory is expected to generate $650 million in tax payments to local school districts and taxing jurisdictions over the next 20 years, according to a statement.The project will create about 1,200 construction jobs and 130 permanent positions at full operation, the company said.Price: $178.51, Change: $-7.59, Percent Change: -4.08%

$NBIS

Wire52d ago

Update: Power Solutions International Shares Drop After Q1 Adjusted Earnings, Revenue Fall

Power Solutions International (PSIX) shares were down about 40% in afternoon trading Tuesday, a day after the company posted lower Q1 adjusted earnings and revenue.The company reported quarterly adjusted earnings late Monday of $0.36 per diluted share, down from $0.83 a year earlier.One analyst polled by FactSet expected $0.52.Revenue for the three months ended March 31 was $128.6 million, down from $135.4 million a year earlier.Two analysts surveyed by FactSet expected $160.8 million.The company said it expects Q2 revenue to be "generally consistent" with Q1.Power Solutions International said it is not providing full-year guidance at this time amid "ongoing variability in order timing and market conditions."Price: $37.77, Change: $-24.69, Percent Change: -39.53%

$PSIX

Wire52d ago

Hyster-Yale Raises Quarterly Dividend to $0.365 a Share From $0.36, Payable June 16 to Shareholders of Record as of June 1

$HY

Wire52d ago

Top Midday Decliners

Power Solutions International (PSIX) reported late Monday lower-than-expected adjusted EPS and revenue in Q1.Shares sank 40% following a surge in intraday trading volume to over 4.0 million from a daily average of about 675,000.ZoomInfo Technologies (GTM) shares fell about 33% following its Q1 results in the previous day that led some analysts, including from Stifel and Piper Sandler, to downgrade the stock.The firm faces execution risk in delivering a material re-acceleration in top-line growth amid job cuts, and a downward revision to its full-year 2026 sales guidance is discouraging, RBC Capital Markets said in a note.Trading volume jumped to more than 24.6 million shares intra-day from a daily average of about 10.1 million.Piper Sandler downgraded LENZ Therapeutics (LENZ) to neutral from overweight and cut its price target to $12 from $39, following the company's Q1 results late Monday that showed net loss more than doubled from a year ago.Shares dropped about 24%, with intraday trading volume of over 1.6 million, versus a daily average of about 910,000.Price: $37.47, Change: $-24.98, Percent Change: -40.00%

$GTM$LENZ$PSIX

Wire52d ago

Alphabet's Google Launches Googlebook AI-Powered Laptops

Alphabet's (GOOG, GOOGL) Google said Tuesday it is introducing Googlebook, a new category of laptops built around its artificial intelligence models and Gemini Intelligence.The company said Googlebook is designed to integrate Android and ChromeOS, marking a shift toward what it describes as an "intelligence system" rather than a traditional operating system.Being part of the Android ecosystem, users will be able to access and use files from their phones directly on Googlebook laptops without requiring file transfers, the company said.Google said it is working with partners including Acer, Asus, Dell (DELL), HP (HPQ) and Lenovo to launch the first Googlebook laptops.Price: $381.74, Change: $-5.03, Percent Change: -1.30%

$DELL$GOOG$GOOGL$HPQ

Wire52d ago

Market Chatter: ServiceNow US Bond Sale Draws $38 Billion of Investor Orders

ServiceNow's (NOW) US bond sale has drawn over $38 billion of investor orders for the offering, allaying concerns about AI disruption, Bloomberg reported Tuesday, citing people with direct knowledge of the matter.Prices on a bond due 2056 has tightened by 0.4 percentage point from earlier talk to 1.35 percentage point above Treasuries, a source told Bloomberg.The bonds will be offered in five tranches, and proceeds will be used to repay debt related to the company's takeover of Armis, according to the report.ServiceNow did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $89.17, Change: $-2.32, Percent Change: -2.54%

$NOW

Wire52d ago

Market Chatter: OpenAI Hit With Suit Alleging ChatGPT Culpability in Overdose

Microsoft-backed (MSFT) OpenAI was sued by a college student's family who said that ChatGPT caused their son's overdose because he followed the chatbot's medical advice about mixing substances, Bloomberg reported Tuesday, citing a lawsuit filed in the Superior Court of California for the County of San Francisco.OpenAI didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $409.00, Change: $-3.66, Percent Change: -0.89%

$MSFT

Wire53d ago

OpenAI Hit With Suit Alleging ChatGPT Culpability in Overdose, Bloomberg Reports

$MSFT

Wire53d ago

Thomson Reuters, Anthropic Integrate CoCounsel Legal Into Claude Workflows

Thomson Reuters (TRI) said Tuesday it expanded its partnership with Amazon-backed (AMZN) Anthropic by connecting Claude directly to CoCounsel Legal, allowing legal professionals to move between general-purpose AI workflows and citation-grounded legal research work.The company said the integration, which uses the Model Context Protocol (MCP), is designed to offer "fiduciary-grade AI" standards.The company said the next generation of CoCounsel Legal is being rebuilt on Anthropic's Claude Agent SDK and will allow lawyers to describe matters in plain language while the system conducts research, drafts responses with citations, and validates references.Price: $87.07, Change: $-2.16, Percent Change: -2.42%

$AMZN$TRI

Wire53d ago

Top Midday Gainers

High-Trend International (HTCO) said late Monday that its Class A shareholders approved a series of corporate governance measures at an extraordinary general meeting held on May 7.The measures include an enhancement of voting rights attached to Class B ordinary shares, an increase in authorized share capital, and the authorization of potential future share consolidations.Shares surged 62% as intraday trading volume soared to over 9.01 million from a daily average of roughly 643,000.Vishay Precision (VPG) reported fiscal Q1 adjusted earnings Tuesday above market expectations, and sales also beat forecast.Shares advanced 21% as intraday trading volume rose to over 706,000 from a daily average of about 238,000.Ambiq Micro (AMBQ) reported Tuesday a narrower Q1 non-GAAP net loss, and revenue surged more than forecast.Shares advanced 37%, with intraday trading volume rising to over 1.98 million from a daily average of about 385,000.Price: $11.50, Change: $+4.45, Percent Change: +63.09%

$AMBQ$HTCO$VPG

Wire53d ago

Update: PayPal Reaches $30 Million Settlement With DOJ Over DEI Investment Program

(Updates with PayPal's response to a request for comment in the last paragraph.)The Department of Justice said Tuesday it secured a settlement with PayPal (PYPL) under which the company must launch a new Small Business Initiative that excludes criteria based on national origin, race or other protected characteristics.Under the initiative, PayPal must waive processing fees totaling roughly $30 million for eligible small businesses that are veteran-owned or engaged in manufacturing, farming or technology, the DOJ said.The settlement stems from an investigation "into a discriminatory investment program created for black and minority-owned businesses," the DOJ said."For more than two decades, PayPal has helped small businesses start, scale, and thrive by expanding access to digital financial tools," a PayPal spokesperson said in an emailed statement. "We're excited to launch the Small Business Initiative to infuse American small businesses with even more economic opportunity."Price: $45.59, Change: $+0.52, Percent Change: +1.15%

$PYPL

Wire53d ago

PayPal Reaches $30 Million Settlement With DOJ Over DEI Investment Program

The Department of Justice said Tuesday it secured a settlement with PayPal (PYPL) under which the company must launch a new Small Business Initiative that excludes criteria based on national origin, race or other protected characteristics.Under the initiative, PayPal must waive processing fees totaling roughly $30 million for eligible small businesses that are veteran-owned or engaged in manufacturing, farming or technology, the DOJ said.The settlement stems from an investigation "into a discriminatory investment program created for black and minority-owned businesses," the DOJ said.PayPal didn't immediately reply to a request for comment from.Price: $45.53, Change: $+0.45, Percent Change: +1.01%

$PYPL

Wire53d ago

Meta, DESRI Report 850 MW of Power Purchase Agreements

Meta Platforms (META) and DESRI reported Tuesday the signing of850 megawatts of new power purchase agreements in 2026.These agreements include 500 MW in Oklahoma, 200 MW in Texas, and 150 MW in Mississippi, according to the statement.In addition to the 2026 signings, other contracted projects include 150 MW in Texas and 300 MW in Utah, the statement said.DESRI, a renewable energy producer, expects about 1,110 MW of the contracted projects to start construction this year, it added.Price: $600.06, Change: $+1.20, Percent Change: +0.20%

$META

Wire53d ago

PayPal Reaches $30 Million Settlement With Justice Department

$PYPL

Wire53d ago

Market Chatter: Eni Engages Morgan Stanley to Explore Potential LNG Assets Deal With Certain Funds

Eni (E) has asked Morgan Stanley (MS) to help it raise funds from investors, including Apollo (APO), KKR (KKR), and Stonepeak, in a potential deal backed by its floating liquefied natural gas assets, Reuters reported Tuesday, citing people familiar with the matter.The discussions are still at an early stage and may not result in a deal, the report said. It added that, if completed, the transaction could raise at least 1 billion euros for Eni.Apollo, Eni, KKR, Morgan Stanley, and Stonepeak declined to comment to Reuters. The companies didn't immediately reply to' request for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.49, Change: $+0.02, Percent Change: +0.05%

$APO$E$KKR$MS

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