SPCE Plunges After Announcing New Share Sale to Pay Off Debt
Virgin Galactic plunged 39% in its worst day ever after announcing new shares to repay $30.5M debt.
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Pulte’s Dual Role Puts Fannie-Freddie IPO Plans on Hold
Fannie Mae and Freddie Mac shares fell after Trump named Bill Pulte as acting Director of National Intelligence. His new dual role delays expected IPO plans for the mortgage giants.
Shake Shack Cuts Revenue and Profit Outlook for Q2 and Full Year 2026
Shake Shack lowered its Q2 2026 revenue outlook to $415M–$420M and same-shack sales growth to 2.5%–3% amid economic pressure and competition. Full-year profit targets also trimmed.
US Slashes Farm Equipment Tariffs from 25% to 15% – Big Boost for Deere, CNH & AGCO
The White House lowered tariffs on agricultural and industrial equipment from 25% to 15%. Citi sees this as an incremental positive for Deere, CNH Industrial, and AGCO.
Voyager Acquires Astrobotic for Up to $300M to Fast-Track America’s Permanent Moon Base by 2028
The deal adds lunar landers, power systems, and reusable rockets to support NASA’s Artemis program.
STMicroelectronics Raises Data Center Forecast to $1 Billion in 2026
STMicro stock jumps as AI data center demand boosts revenue outlook, helping offset weak car chip sales and driving strong growth.