Rocket Companies Soars on Record Mortgage Volume News
Rocket Companies stock jumps 7% as CEO announces highest mortgage loan volumes in four years, signaling a thawing US housing market with improving rates.
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BofA Downgrades HP After CEO Exit
Bank of America downgrades HP to Underperform as CEO Enrique Lores leaves for PayPal amid slowing PC demand and rising costs.
FuboTV Stock Plunges Despite ESPN Partnership and Revenue Growth
FuboTV (FUBO) shares drop 21% to $1.79 after reporting Q1 losses, despite 40% revenue jump and new ESPN distribution deal. Company plans reverse stock split.
BlackSky Wins New Defense Contracts for Gen-3 Space Intelligence Services
BlackSky secures new international defense contracts for its Gen-3 Assured services, highlighting growing demand for fast, reliable space-based intelligence.
Anthropic’s Claude Shakes Legal Software and Publishing Stocks
New legal plug-ins from Anthropic’s Claude spark sell-off in legal software and publishing stocks as AI disruption fears grow.
FedEx Stock Gets a Boost as Major Banks Turn More Optimistic
Bernstein and Wells Fargo upgraded FedEx stock, citing better fundamentals, a freight spinoff, and strong earnings potential through 2029.