Hertz Cuts Second-Quarter Outlook as Vehicle Depreciation Pressures Mount
Hertz warned on second-quarter results citing weaker used-car demand and depreciation pressure. The company also announced a $100M borrowed-share offering.
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#Event-Driven Stocks↓
Walmart Acquires French CTV Ad Tech Firm Vibe.co for $1.4 Billion
The deal builds on its 2024 Vizio acquisition and targets small and medium-sized businesses with easier, measurable CTV advertising.
CoreWeave Chooses Backblaze for Multi-Exabyte AI Data Storage Deal
Backblaze signs $335M five-year deal with CoreWeave for multi-exabyte AI storage, delivering cost-efficient capacity for AI workloads.
AMC Shares Plunge on Dilutive $189 Million Stock Offering
AMC Entertainment sold 95.25 million shares at $2.10 in a registered direct offering.
Zeta Global Stock Climbs After Palantir Partnership to Unify Data and AI for Marketers
The companies will integrate Palantir’s Foundry with Zeta’s Athena AI to power next-gen agentic marketing.
Trump Signs Executive Orders to Build First Usable Quantum Computer by 2028
Trump orders fast-track quantum tech: build powerful computer by 2028 and upgrade encryption to resist future cyber threats by 2030.