Applied Materials Stock Drops 6% on China Export Curb Concerns
Applied Materials forecasts reduced China spending in 2026 due to U.S. export restrictions, causing shares to fall 6%. Company expects recovery in second half of 2026.
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Luminar Q3 2025: Revenue Up 20% But Cash Crisis Deepens
Luminar (LAZR) reports 20% revenue increase in Q3 2025 but faces serious cash crunch with only $74M remaining. Company exploring sale options and restructuring debt.
Verizon to Cut 15,000 Jobs Amid Fierce Competition and Cost Pressures
Verizon plans to cut 15,000 jobs and franchise 200 stores to reduce costs as new CEO Daniel Schulman aims to make the company leaner and regain customers in the competitive telecom market.
Alibaba to Revamp Its AI App “Tongyi” into “Qwen” to Rival ChatGPT
Alibaba is overhauling its “Tongyi” app into “Qwen,” adding AI agent features for shopping and expanding globally — a major step to compete with OpenAI and ByteDance.
Deutsche Bank Upgrades FireFly Aerospace: Strong Q3 Results Signal Turnaround
Deutsche Bank upgrades FireFly Aerospace (FLY) to Buy with $30 price target. Q3 earnings beat expectations with $30.8M revenue. Stock surges 20% on strong 2025 guidance and resolved engine issues.
Disney Q4 Earnings Miss Wall Street Targets; Big-Budget Films to Pressure Next Quarter
Disney's Q4 revenue of $22.5B misses analyst estimates. Upcoming Avatar and Zootopia releases expected to reduce Q1 earnings by $400M. Stock drops 4% despite streaming gains.