Why Phoenix Motor Shares Are Surging Premarket Monday
Phoenix Motor expects revenue of $8-$9 million in Q1 FY24, up from $1.8 million in Q1 2023, thanks to strategic initiatives.
Electrical Equipment Company Encore Wire Gets Wired For Takeover In €3.9B Deal
Encore Wire to be acquired by Prysmian for $290 per share in cash. Transaction expected to close in second half of 2024, generating ~€140 million in EBITDA synergies.
Group 1 Makes Power Move in UK Market with Inchcape Auto Dealerships Buy Out
Group 1 Automotive to acquire Inchcape's U.K. dealerships for $439M in all-cash deal. Deal expected to close in Q3 2024.
Guyana’s Oil Spigot Wide Open: Exxon, Hess Sanction Massive $12.7B Oil Project
Exxon, Hess make final investment decision for Whiptail project in Guyana, set to add 250,000 barrels of daily capacity by 2027.
What’s Going On With JPMorgan Shares Today?
JPMorgan Chase reported Q1 FY24 results with $42.5B net revenue, beating the consensus of $41.8B. CET1 capital ratio was 15.0% and net interest income increased by 11%.
Why Are Applied Digital Shares Falling Today?
Applied Digital reported worse-than-expected Q3 FY24 financial results with revenue of $43.3M and adjusted EPS loss of $(0.24).
What’s Going On With BP Shares Premarket Friday?
ADNOC reportedly considered buying BP, but decided it wasn't the right fit for their strategy. BP has underperformed and is seen as a potential takeover target.
BlackRock Starts Strong In 2024 With Q1 AUM & Fees Surge, Stock Gains
BlackRock, Inc. reported strong first-quarter results, with revenue up 11%, net inflow of $57 billion and adjusted EPS beating consensus. AUM increased to $10.5 trillion.
What’s Going On With Walker & Dunlop Shares Today?
Wedbush downgrades Walker & Dunlop to Neutral, citing concerns about rising interest rates and potential impact on transaction volumes.
Analyst Sees Volatile Future for North American Gas Prices, Upgrades Most Impacted Stock
Scotiabank analyst upgraded EQT, downgraded RRC & SWN due to revised forecasts for natural gas industry. Expects volatility & LNG export growth.