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Upstart Signs $1.2 Billion Forward-Flow Agreement With Centerbridge Partners

Upstart (UPST) said Wednesday it has obtained a forward-flow commitment from funds managed by Centerbridge Partners, which has agreed to purchase up to $1.2 billion of consumer loans originated through the Upstart platform.Under an agreement between the two companies, the forward-flow arrangement will run for 24 months, Upstart said.Price: $34.84, Change: $+1.64, Percent Change: +4.94%

$UPST

Wire64d ago

TD Bank Mulls Rare SRT to Hedge Data Center Exposure, Bloomberg Reports

$TD

Wire64d ago

Citigroup Adjusts Price Target on CoStar to $70 From $100, Maintains Buy Rating

CoStar (CSGP) has an average rating of overweight and mean price target of $58.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.12, Change: $+0.21, Percent Change: +0.54%

$CSGP

Wire64d ago

Evercore ISI Adjusts Price Target on Prudential Financial to $95 From $110, Maintains In Line Rating

Prudential Financial (PRU) has an average rating of hold and mean price target of $100.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $94.44, Change: $-2.01, Percent Change: -2.08%

$PRU

Wire64d ago

Piper Sandler Adjusts Price Target on Prudential Financial to $99 From $105, Maintains Neutral Rating

$PRU

Wire64d ago

Mizuho Adjusts Price Target on Prudential Financial to $96 From $101, Maintains Neutral Rating

$PRU

Wire64d ago

Axe Compute Receives $260 Million Contract to Provide Nvidia B300 Chips; Shares Jump Pre-Bell

Axe Compute (AGPU) said Wednesday it has received a $260 million enterprise infrastructure contract to deploy 2,304 Nvidia (NVDA) B300 graphics processing units and storage infrastructure in a US tier 3 data center.Under the 36-month contract, Axe said it will deliver dedicated infrastructure to support large-scale AI model training, fine-tuning, and high-throughput inference workloads.Axe said it plans to deploy the GPUs in Q3 and that it has options to renew the contract for additional years.Shares of the company were up 117% in Wednesday premarket activity.

$AGPU$NVDA

Wire64d ago

Robinhood Ventures Fund I Completes $75 Million Investment in OpenAI

Robinhood Ventures Fund I (RVI) said Wednesday it has completed a roughly $75 million common stock purchase in Microsoft-backed (MSFT) OpenAI.The transaction occurred Friday and followed the company's strategy to provide retail traders with exposure to privately held technology startups, the company said.Robinhood Ventures Fund rose more than 13% in recent premarket activity Wednesday.Price: $27.63, Change: $+3.20, Percent Change: +13.12%

$HOOD$MSFT$RVI

Wire64d ago

Update: New Oriental Education Fiscal Q3 Adjusted Earnings, Revenue Rise; Fiscal 2026 Sales Outlook Increased

(Updates with most recent stock price movement in the last paragraph.)New Oriental Education & Technology (EDU) reported fiscal Q3 non-GAAP earnings Wednesday of $0.95 per diluted American depositary share, up from $0.70 a year earlier.Net revenue for the quarter ended Feb. 28 was $1.42 billion, compared with $1.18 billion a year earlier.Analysts polled by FactSet expected $1.36 billion.The company expects fiscal Q4 net revenue of $1.43 billion to $1.47 billion. Analysts surveyed by FactSet expect $1.43 billion.For fiscal 2026, the company raised its net revenue guidance to now be between $5.56 billion and $5.60 billion, from its prior range of between $5.29 billion and $5.49 billion.Analysts polled by FactSet expect $5.48 billion.New Oriental shares rose 3% in Tuesday premarket activity.Price: $58.00, Change: $+1.64, Percent Change: +2.91%

$EDU

Wire64d ago

Target Hospitality Prices $98 Million Secondary Offering; Shares Fall Pre-Bell

Target Hospitality (TH) said Tuesday its selling shareholders priced a secondary offering of 7 million shares at $14 per share, for about $98 million in gross proceeds.Underwriters have been granted a 30-day option to buy up to about 1.1 million additional shares.The offering is set to close Thursday.Shares of the company fell more than 10% in recent Wednesday premarket activity.Price: $14.26, Change: $-1.64, Percent Change: -10.31%

$TH

Wire64d ago

Perpetual Posts Nearly 4% Decline in Fiscal Q3 Assets Under Management

Perpetual (ASX:PPT) said total assets under management (AUM) fell 3.6% to AU$219.2 billion as of March 31 from AU$227.5 billion as of Dec. 31, 2025, according to a Wednesday Australian bourse filing.The decrease was due to unfavorable currency movements of AU$3.6 billion, net outflows of AU$2.8 billion, and negative market movements of AU$1.9 billion.The company's J O Hambro Capital Management's AUM saw the biggest fall, with a nearly 11% decline compared with the December quarter.The company's average AUM was lower at AU$225.3 billion in the March quarter, compared with AU$230.8 billion in the December quarter, the filing added.Corporate Trust's total funds under administration (FUA) grew to AU$1.32 trillion as of March 31, up 0.3% on the December quarter, while Wealth Management's total FUA fell 4% to AU$21.1 billion, impacted by negative market movements of AU$800 million, with net flows flat.Perpetual reconfirmed its total expense growth guidance for fiscal 2026 of about 1% to 2% for the year.

ASX:PPT

Wire64d ago

Range Resources Q1 Adjusted EPS, Revenue Rise

Range Resources (RRC) reported Q1 adjusted earnings Tuesday of $1.52 per diluted share, up from $0.96 a year earlier.Analysts polled by FactSet expected $1.30.Revenue in the three months ended March 31 rose to $1.03 billion from $690.6 million a year earlier.Analysts surveyed by FactSet expected $925.2 million.Range Resources shares rose 1.3% in after-hours trading.

$RRC

Wire64d ago

Top Cryptocurrencies Fall; Bitcoin Falls Below $75,000

Top cryptocurrencies fell Tuesday, with Bitcoin (BTC-USD) dropping below the $75,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 0.6% in the past 24 hours. The Nasdaq 100 fell 0.5%, the S&P 500 and the Dow Jones Industrial Average were down about 0.6% each.Bitcoin dropped 1.7% to $74,985, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 7.1% to $37.1 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dipped 1.4% to $2,297.XRP (XRP-USD) declined 1%, BNB (BNB-USD) fell 0.7%, and Solana (SOL-USD) shed 1.6%. Dogecoin (DOGE-USD) dropped 1.6%, and Cardano (ADA-USD) lost 1.6%.The US 10-year Treasury yield stood at 4.289% at 3 p.m. ET Tuesday, up from 4.248% Monday, while the five-year yield rose to 3.906% from 3.848%.The total market value of the cryptocurrency industry fell 0.6% in the past 24 hours to $2.55 trillion, with trading volume declining 1.5% to $153.37 billion.Price: $74991.13, Change: $-863.67, Percent Change: -1.14%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Wire64d ago

Public Service Enterprise Group Keeps Quarterly Dividend at $0.67 a Share, Payable June 30 to Holders of Record June 9

$PEG

Wire64d ago

Market Chatter: Meta Platforms to Track Employees' Mouse Movements, Keystrokes for AI Training

Meta Platforms (META) is installing software to track mouse movements, clicks and keystrokes of US employees in an effort to train its artificial intelligence models, Reuters reported Tuesday, citing an internal memo.The owner of Facebook and Instagram will use Model Capability Initiative, a tool that will run on work-related apps and websites and will also gather occasional snapshots of the content on employee's screens, according to the report.The collected data is intended to improve the tech giant's AI models, which currently struggle to replicate how humans engage with computers, particularly when selecting from dropdown menus and using keyboard shortcuts, the media outlet reported.Meta did not immediately respond to' request for comment.(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: $674.18, Change: $+3.27, Percent Change: +0.49%

$META

Wire64d ago

Farmers & Merchants Bancorp's F&M Bank Names Chief Information and Technology Officer

Farmers & Merchants Bancorp's (FMAO) F&M Bank said Tuesday it appointed Shalini Singhal as its chief information and technology officer.She most recently served as the bank's chief information officer.Price: $26.96, Change: $-0.24, Percent Change: -0.88%

$FMAO

Wire64d ago

Omnicom Expands Adobe Partnership to Deliver AI Agentic Operating Model Solution

Omnicom Group (OMC) said Tuesday it is expanding its global partnership with Adobe (ADBE) to co-develop an enterprise-grade, industry-specialized AI agentic operating model solution.Omnicom said it will integrate Omni, its marketing and sales platform, and its agentic framework with Adobe's enterprise marketing and creative technology stack to create this solution.Over the next 12 months, Omnicom will develop and operationalize the solution across five major use cases including end-to-end customer experience, omni channel planning, total creative workflow, .com, and email, according to the company.The solution will feature smooth data exchanges between Adobe products, Omni's connected platform layer and its agentic infrastructure, delivering predictive growth at enterprise scale, the company said.Price: $78.09, Change: $-0.41, Percent Change: -0.52%

$ADBE$OMC

Wire64d ago

Five Below's Growth Momentum Seems Sustainable, UBS Says

Five Below (FIVE) displayed robust growth, with comparable sales increase of 15.4% in Q4 and 14% to 16% Q1 guidance, and the momentum seems sustainable, UBS Securities said in a note emailed Tuesday.UBS believes the strong performance is driven by improved execution in terms of inventory, merchandising, and staffing, capitalization on social media trends, like-for-like price changes with data showing that its best selling stock keeping units sell at a 5% higher price than prior year, and select strength in product categories such as beauty dupes and collectibles, according to the note.The brokerage said Five Below is very well positioned to outperform its outlook. The company is planning to boost its marketing investment after high returns in 2025 as it shifted spend towards digital channels, the firm noted, adding that this allows Five Below to better target its existing customer base.If the company exceeds current guidance significantly, UBS said the shares would be underpriced. Beyond 2026, Five Below is well set to continue compounding top-line growth for an extended period, the brokerage added.UBS maintains a buy rating on Five Below with a price target of $285.Price: $239.80, Change: $-7.91, Percent Change: -3.19%

$FIVE

Wire64d ago

Adtran Expands GLDS Partnership to Boost Subscriber Automation

Adtran Holdings (ADTN) expanded its collaboration with GLDS to offer billing-based, automated setup and management for broadband subscribers.Adtran said Tuesday the new integration links its Intellifi managed Wi-Fi platform with GLDS's BroadHub system, aiming to simplify operations, speed up service activation and reduce manual work for providers.Price: $17.66, Change: $+0.03, Percent Change: +0.17%

$ADTN

Wire64d ago

Marvell Technology, Astera Labs to Benefit From Stronger Long-Term Demand Linked to Amazon-Anthropic Deal, RBC Says

Marvell Technology (MRVL) and Astera Labs (ALAB) could benefit from stronger long-term demand tied to Amazon's (AMZN) expanded deal with Anthropic, though near-term gains may be capped by tight 3-nanometer wafer supply, RBC Capital Markets said in a note Tuesday.Marvell remains well placed because it supplies Trainium chips, Ethernet switches, data processing units, and optical digital signal processors to Amazon Web Services, and demand from optical connectivity and Trainium programs is expected to support strong growth through fiscal 2028 and beyond, the investment firm said.RBC said it left its Marvell estimates unchanged for now because supply limits could hold back near-term upside, but it sees added potential from future Trainium4 demand and Marvell's expanding artificial intelligence networking products.For Astera Labs, RBC said Scorpio X switches should begin ramping in volume for Trainium3 racks in Q3, which could help lift revenue in H2 and later periods, and added that Astera also has longer-term growth room at AWS through its UALink and NVLink Fusion-related products, while wins with other large cloud customers add support to its outlook.RBC said the deal gives it more confidence in its 2027 forecasts and longer-term growth view for both companies, and it kept its outperform ratings while raising its price target on Marvell to $170 from $115 and on Astera Labs to $250 from $225.Price: $151.74, Change: $+3.90, Percent Change: +2.64%

$ALAB$AMZN$MRVL

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