Parsons Stock Drops After Losing Air-Traffic Control Contract
Parsons (PSN) shares fell after losing the $12.5B air-traffic control modernization contract to Peraton, disappointing investors who expected the company to win.
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Victoria's Secret Crushes Earnings Expectations, Raises Full-Year Outlook
Victoria's Secret reports strong Q3 results with 9% sales growth and 8% comparable sales increase, signaling successful turnaround under CEO Hillary Super amid resilient consumer spending.
Netflix to Acquire Warner Bros. in Landmark $82.7B Deal
Netflix will acquire Warner Bros. Discovery in an $82.7B cash-and-stock deal, bringing HBO, major franchises, and iconic studios under Netflix’s global streaming umbrella.
Wells Fargo Upgrades Unity on Strong 2026 Mobile Ad Outlook
Wells Fargo upgrades Unity to Overweight with a new $51 price target, citing strong 2026 mobile game advertising tailwinds and growth potential.
Morgan Stanley and UBS Boost Outlook for MP Materials and Albemarle
Morgan Stanley upgrades MP Materials on U.S. rare earth supply needs, while UBS boosts Albemarle expecting a lithium deficit in 2026.
DocuSign’s AI-Powered IAM Boosts Q3 Results Despite Soft Outlook
DocuSign beats Q3 revenue estimates thanks to strong adoption of its AI-driven Intelligent Agreement Management (IAM) platform, but shares dip as next-quarter guidance falls short of expectations.