RTX Corp. Soars on Strong Earnings and Raised Profit Outlook
RTX Corp. beats Q3 earnings expectations and raises 2025 profit forecast to $6.10-$6.20 per share, driven by strong aerospace demand and defense sales despite tariff challenges.
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GM Raises 2025 Outlook as Truck Sales Surge and Tariff Relief Boosts Profits
General Motors increases full-year profit forecast to $12-13B as strong pickup truck sales and Trump administration tariff relief offset EV struggles and market challenges.
Starboard Takes 5% Fluor Stake, Targets NuScale Value
Activist investor Starboard Value acquires 5% stake in Fluor Corp, pushing for strategic changes to unlock value from its NuScale Power holdings amid AI-driven energy demand surge.
Citi Downgrade: NuScale Power Faces Major Headwinds and Valuation Concerns
Citi downgrades NuScale Power to Sell with $37.50 target, citing Fluor sale risks, overvaluation, and significant ENTRA1 payment obligations that could reshape SMR's financial outlook.
PayPal Increases Stake in German E-Commerce Platform Shopware to 41%
PayPal acquires additional shares in Shopware AG from Carlyle Group, boosting its ownership from 11% to 41% in the German digital commerce company.
Morgan Stanley Maintains Bullish Stance on Elf Beauty Despite Rhode's Q2 Miss
Morgan Stanley analyst remains confident in Elf Beauty's growth despite Rhode brand's lower-than-expected June quarter revenue, citing strong September Sephora launch and maintaining $170 target.