Stellantis Takes $26 Billion Hit After Pulling Back on Electric Vehicles
Stellantis announces massive $26 billion charge as it reverses its aggressive EV strategy, citing overestimation of electric vehicle demand and market shifts.
Feed↓
/ What's going on?
Filter:
Cantor Fitzgerald Gives Jumia an “Overweight” Rating with $18 Price Target
Cantor Fitzgerald starts coverage of Jumia with optimism, calling Africa the “final frontier” for e-commerce and seeing Jumia as the “Amazon of Africa.”
Hub Group Stock Drops on Accounting Error and Delayed Results
Hub Group delays earnings report after discovering $77M accounting error that understated transportation costs in 2025. Stock falls 18% premarket as company releases preliminary results.
Coty Withdraws Guidance as New CEO Launches "Curated" Turnaround Strategy
CoverGirl owner Coty scraps 2026 outlook and unveils strategic reset under new CEO Markus Strobel. Shares fall 10% as company refocuses on core prestige brands.
Bloom Energy Crushes Q4 Earnings as AI Power Demand Surges – 2026 Outlook Soars
Bloom Energy (BE) reports strong Q4 2025 results with 36% revenue growth driven by AI data centers. Company forecasts $3.1-3.3B revenue for 2026, beating Wall Street expectations.
IREN Secures $3.6B Microsoft GPU Deal Amid Q2 Earnings Shortfall
IREN reports Q2 FY26 losses of $0.52/share, missing estimates by 280% as company transitions from Bitcoin mining to AI cloud services with $3.6B GPU financing secured.