Section
The latest stocks coverage from the TrustFinance editorial desk.
A senior FAA official stated that the Boeing 737 MAX 7 is on the verge of certification, with the larger MAX 10 model expected to follow shortly after. The news marks a significant step for the aircraft manufacturer as it works to get its key single-aisle variants to market.
Shares of the AI cloud infrastructure company climbed in pre-market trading after BofA Securities reiterated its Buy rating and raised its capital expenditure estimate, signaling strong long-term demand for AI infrastructure.
Hut 8 Corp. announced a second major lease agreement valued at $9.8 billion at its Beacon Point data center in Texas, fully contracting the campus and bringing its total base-term contract value to $19.6 billion.
Romania has placed orders for 12 Airbus military helicopters and 12 Thales air defense radars, a deal valued at over €1 billion and financed through the European Union's new defense investment program.
Ryanair CEO Michael O'Leary said preliminary findings from an investigation into a broken aircraft window suggest the cause was engine damage from a foreign object during takeoff. The remarks were made during an analyst call presenting the airline's quarterly results.
Ryanair CEO Michael O'Leary stated that an initial probe into a severe in-flight incident involving a broken Boeing 737 window points to potential 'foreign object damage' as the cause. A draft report on the event is expected within a month.
UBS has raised its rating on online pharmacy DocMorris to 'Neutral' from 'Sell,' citing a developing track record of margin improvement and a more favorable sales mix. The bank also significantly increased its price target, though it remains cautious on the company's path to positive free cash flow.
The AI infrastructure provider announced a second major 15-year lease with an existing customer, bringing the total base-term contract value at its Beacon Point site to $19.6 billion and highlighting the intense demand for AI-ready data centers.
Shares of U.S. Bancorp are rising after the company reported record second-quarter revenue, beat earnings estimates, and raised its full-year guidance, prompting a series of analyst upgrades.
