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Phunware (NASDAQ: PHUN) has formally declined an activist proposal from Goldenwise, which holds a 6.9% equity interest acquired for roughly $2.60 million. The investor’s filing outlined a demand for several new directors, a move the company says lacks a clear operational blueprint and could …
SpaceX’s last-minute scrub of a high-profile Starship test flight sent ripples through aerospace and satellite markets, pulling shares of related companies lower as investors weighed the implications of another delay. The abort occurred during the countdown at the company’s South Texas launch site, halting …
Destiny Media Technologies Inc. (OTC: DSNY) has appointed Sharath Cherian as chief executive officer, with the appointment taking effect in mid‑July. The company also granted him an initial pool of 482,000 stock options divided across three strike prices. This leadership change reflects ongoing executive …
The telecom and digital services provider also introduced a new holding company structure designed to accelerate its growth strategy and improve operational efficiency. While the company’s revenue expansion demonstrates progress in scaling its platform, investor sentiment remains cautious amid ongoing sector volatility and execution …
Netflix (NASDAQ: NFLX) posted earnings per share of $0.80 for the quarter ended June 30, exactly in line with the consensus forecast. The earnings beat was eclipsed by a guidance shortfall that sent the stock sliding 9.5% to $67.30 in pre‑market trading. Management also …
Aehr Test Systems delivered an adjusted profit of $0.11 per share, outpacing the market’s expectation of a $0.01 loss. Revenue increased to $18.84 million, edging past the $18.69 million consensus figure and reflecting a 34% rise from $14.09 million a year earlier. Management also …
BuzzFeed has appointed Stanley Washington, a veteran fintech and payments executive, to its board of directors following a $120 million capital injection from Allen Family Digital. The move signals a strategic pivot toward AI-driven media and financial resilience as the company expands its free-streaming …
China announced a sweeping initiative to bolster its oil reserves, a move analysts say will reverberate through global energy markets. By expanding its strategic petroleum stockpile, Beijing aims to shield domestic consumption from external shocks while signaling a more assertive presence in the worldwide …
Key HighlightsRigetti Computing (NASDAQ: RGTI) could benefit indirectly from Quantinuum's (NASDAQ: QNT) IPO, which has renewed investor interest in the quantum computing sector and strengthened confidence in its long-term commercial potential.Despite the sector enthusiasm, Rigetti stock is down 30.7% year-to-date, making it the weakest …
Taiwan Semiconductor Manufacturing Co. (TSMC) delivered stronger-than-expected earnings for the June quarter, fueled by surging demand for advanced semiconductors, yet its stock retreated after the report. The world’s largest contract chipmaker earned $4.31 per share on sales of $40.2 billion, surpassing the $3.81 per …
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