Author: News Room

Check out the companies making headlines in premarket trading. Nvidia — The chipmaker jumped 7.4% on the back of its strong fiscal first-quarter results, better-than-expected guidance and 10-for-1 stock split announcement. Super Micro Computer and Advanced Micro Devices popped more than 5% and 3%, respectively. Taiwan Semiconductor — The chipmaker advanced 2.4% after forecasting annual revenue growth at 10% for the global semiconductor industry. Live Nation – Shares of the concert giant dropped 6% premarket after Bloomberg reported the Department of Justice and a group of states are expected to file a lawsuit against the company in the Southern District…

Longstanding abortion restrictions like waiting periods and provider regulations are now under legal attack in states where Roe v. Wade’s reversal prompted voters to amend their state constitutions to protect abortion rights. Abortion rights advocates in Ohio and Michigan have pivoted off of successful ballot initiatives in those states to challenge abortion restrictions that had been in effect before the Supreme Court eliminated the constitutional right to obtain an abortion in 2022. In Ohio, the ACLU has used the recent amendment to that state’s constitution to boost lawsuits attacking abortion restrictions. One of those cases is challenging laws that made…

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Even though plaques honoring Walter Johnson and Sandy Koufax reside quietly in the Baseball Hall of Fame gallery, uniform tops they wore are still turning cartwheels. Johnson’s century-old jersey sold at auction for $2 million in a just-completed, three-day, Heritage Springs Sports Catalog Auction, while a photo-matched Koufax jersey went for $1.8 million. According the auctioneer’s website, HA.com, those figures represent records for both men, whose careers book-ended the 20th century, and helped the auction generate $21,393,221, underlining the rising value of sports memorabilia through the first quarter of the 21st century. The Heritage auction also included a Hank Aaron…

Wizz Air shares took flight on Thursday as the low-cost carrier announced a swing back into profit during the last financial year. At £20.76 per share, the Wizz Air share price was last 5.8% higher. Revenues at the FTSE 250 company rose surged 30.2% during the 12 months to March, to €5.1 billion, as revenue per available seat kilometer (RASK) increased 4.6%, to 4.17 euro cents per share. This helped it swing to a net profit of €365.9 million from a €535.1 million loss in fiscal 2023. Passenger numbers increased 21.4% to just over 62 million, while Wizz Air’s load…

As embedded finance (EmFi) enablers embrace new opportunities in the corporate and enterprise world, there is a temptation to pursue game-changing deals solely with large clients at the expense of servicing startups. According to conversations with European early-stage fintech startups, finding a Bank as a Service (BaaS) or EmFi partner is increasingly challenging. However, after years of fueling the fintech revolution and supporting European leaders such as PayHawk, Qonto, and TradeRepublic, should EmFi enablers look to win over corporate and enterprise clients at the expense of SMEs? Can a dual sales and product strategy serve startups and larger companies? These…

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The microchip maker announced a 10-for-1 stock split in its first-quarter earnings on Wednesday. The move means anyone who owns the company’s common stock when the market closes on June 6 will receive nine additional shares for every share they own after the next day’s market close.Nvidia’s management said the goal of the stock split was to “make stock ownership more accessible to employees and investors.” The stock cracked $1,000 in premarket trading on Thursday. It should fall to around one-tenth of its pre-split level when it begins trading on a split-adjusted basis on June 10.The semiconductor giant’s market capitalization…

UK drones given to Ukraine have been used to take out more than $1.2 billion worth of Russian military gear, according to the UK’s defense secretary, citing Ukrainian figures.”Our Ukrainian partners conservatively estimate that UK drones have destroyed over £1 billion worth of Russian hardware,” Grant Shapps told a delegation of Ukrainian ministers at a defense forum in London on Monday, per The Telegraph.”Our cooperation has had an outstanding impact on the battlefield,” Shapps added.The UK has provided over 4,000 drones to Ukraine since Russia launched its full-scale invasion in February 2022, Shapps said, according to the outlet, which included…

By Jason Lange and Andy Sullivan WASHINGTON (Reuters) – Two out of three Americans say they are concerned that political violence could follow the Nov. 5 election rematch between Democratic President Joe Biden and his Republican predecessor Donald Trump, a new Reuters/Ipsos poll found. The survey of 3,934 U.S. adults found widespread worries that the U.S. could see a repeat of the unrest that followed Trump’s 2020 election defeat, when the then-president’s false claim that his loss was the result of fraud prompted thousands of followers to storm the U.S. Capitol. Trump is once again laying the groundwork to contest…