GameStop shares surged Monday after Keith Gill, also known as "Roaring Kitty," posted a position update on Reddit, making his return to the platform following a three-year hiatus. E-Trade is reportedly trying to make a decision on whether to ban Gill from its trading platform for potential market manipulation.
Carnival said it will sunset the P&O Cruises Australia brand to further optimize its brand portfolio. The realignment is expected to strengthen the company's performance in the South Pacific through numerous operational efficiencies.
Intel announced the launch of its new Xeon 6 processors with efficient cores for performance gains and unveiled its Lunar Lake client processor architecture in an effort to grow the AI PC category. The announcements come as the company presents at the Computex technology event in Taiwan.
FibroGen shares are moving higher in Monday's after-hours session after the company announced the FDA cleared its Investigational New Drug (IND) FG-3165. The company also announced a new clinical trial supply agreement with Regeneron.
GitLab reported first-quarter revenue of $169.187 million, beating analyst estimates of $165.887 million. The company reported first-quarter adjusted earnings of 3 cents per share, beating analyst estimates for a loss of 4 cents per share, according to Benzinga Pro.
SoFi announced that chief legal officer Rob Lavet will retire from the company and be replaced by Simcock, who previously served as vice chairman of JPMorgan Chase's legal department and as general counsel of Chase's retail businesses. Simcock will oversee legal affairs, regulatory compliance and corporate governance at SoFi.
SunPower said it has drawn upon the $50 million second tranche of the $175 million second lien term loan from Sol Holding that it announced in February. Sol Holding is the majority owner of SunPower's common stock.
Reddit Inc (NYSE:RDDT) shares are trading higher Monday after an account associated with GameStop Corp (NYSE:GME) trader Keith Gill posted on the platform for the first time in three years. Gill, best known as "Roaring Kitty" on YouTube and X or "DeepF***ingValue" on Reddit, posted a screenshot to Reddit suggesting he currently has a $116 million bet on GameStop.