FedEx Stock Rallies on Analyst Upgrades and Pilot Labor Deal
Shares of the logistics giant climbed after receiving multiple positive analyst ratings and successfully ratifying a new labor agreement with its pilots, reducing operational uncertainty.
Latest by James Okoro
US Equity Funding Markets Show Strain After Late-June Rate Spike
Short-term borrowing costs in the U.S. equity repurchase market surged to their highest level since late 2024 in June, signaling funding pressure driven by high demand for leverage in technology stocks.
Alignment Healthcare Stock Rebounds on Analyst Backing After Lawsuit-Driven Plunge
Shares of the Medicare Advantage insurer are recovering a portion of Wednesday's steep losses after the company denied whistleblower allegations and a KeyBanc analyst called the sell-off a buying opportunity.
New York Sues 3M, DuPont Over Alleged 'Forever Chemical' Contamination
New York Attorney General Letitia James has filed a lawsuit against 3M, DuPont, and other chemical makers, alleging they knowingly contaminated the state with toxic PFAS chemicals and concealed the health risks for decades.
Rackspace Stock Plummets After Slashing 2026 Outlook, Announcing Equity Offering
Rackspace Technology shares plunged after the company cut its full-year revenue and earnings guidance and launched a $250 million equity offering. The news overshadowed a new strategic AI partnership with Palantir Technologies.
MDA Space Stock Slides on Upsized Equity Offering for CLS Acquisition
Shares of MDA Space fell sharply after the company announced an upsized C$819 million equity offering at a discount to fund its majority acquisition of Earth observation firm CLS.
WIG30 Index Ends Higher on Gains in Materials and Banking Sectors
Poland's WIG30 index closed up 0.32% on Thursday, supported by gains in the basic materials, banking, and construction sectors. Retailer Pepco Group and broker X Trade Brokers were among the top performers.
Turkish BIST 100 Index Closes 0.60% Lower on Tech and Retail Weakness
Turkey's benchmark BIST 100 stock index ended Thursday's session down 0.60%, pulled lower by losses in the technology, retail, and industrial sectors. The decline came as falling stocks outnumbered advancers on the Istanbul Stock Exchange.
3M, DuPont Shares Decline After New York Files 'Forever Chemicals' Lawsuit
Shares of 3M, DuPont, and other chemical makers fell after New York Attorney General Letitia James filed a lawsuit alleging the companies knowingly polluted the state with toxic PFAS chemicals and concealed the health risks.