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FAIR LAWN, N.J., July 01, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ: CLBK), a Delaware corporation and the mid-tier holding company for Columbia Bank (the “Holding Company”), announced today that at its Annual Meeting of Stockholders held on June 25, 2026, its stockholders approved the Plan of Conversion and Reorganization whereby Columbia Bank MHC, the mutual holding company of the Holding Company and the Bank, will convert from mutual holding company form to the fully public stock holding company form (the “Conversion”), and approved its acquisition of Northfield Bancorp, Inc. (“Northfield”), which will occur simultaneously upon completion of the Conversion. In addition, at a Special Meeting of Members of Columbia Bank MHC held on June 29, 2026, the depositors of the Bank approved the Conversion.
July 01, 2026 16:30 ET | Source: O'Reilly Automotive Stores, Inc.
Earnings Release Date – Wednesday, July 29, 2026, after 3:30 p.m. Central TimeConference Call Date – Thursday, July 30, 2026, at 10:00 a.m. Central Time SPRINGFIELD, Mo., July 01, 2026 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its second quarter 2026 results as Wednesday, July 29, 2026, with a conference call to follow on Thursday, July 30, 2026.
The Company’s second quarter 2026 results will be released after 3:30 p.m. Central Time on Wednesday, July 29, 2026, and can be viewed, at that time, on the Company’s website at www.OReillyAuto.com by clicking on “Investor Relations.”
Investors are invited to listen to the Company’s conference call discussing the financial results for the second quarter 2026, on Thursday, July 30, 2026, at 10:00 a.m. Central Time, via webcast on the Company’s website at www.OReillyAuto.com by clicking on “Investor Relations.” Interested analysts are invited to join the call. The dial-in number for the call is (888) 506-0062 and the conference call identification number is 532005. A replay of the conference call will be available on the Company’s website through July 29, 2027.
About O’Reilly Automotive, Inc.
O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Visit the Company’s website at www.OReillyAuto.com for additional information about O’Reilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities, and other programs. As of March 31, 2026, the Company operated 6,644 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada.
For further information contact:Investor Relations Contacts Leslie Skorick (417) 874-7142 Eric Bird (417) 868-4259 Media Contact Sonya Cox (417) 427-8071
Vertiv Holdings Co. (VRT - Free Report) ended the recent trading session at $311.42, demonstrating a -6.99% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 0.66%.
The stock of company has risen by 0.1% in the past month, leading the Computer and Technology sector's loss of 2.58% and the S&P 500's loss of 1.21%.
The upcoming earnings release of Vertiv Holdings Co. will be of great interest to investors. It is anticipated that the company will report an EPS of $1.42, marking a 49.47% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $3.37 billion, showing a 27.69% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.37 per share and a revenue of $13.73 billion, representing changes of +51.67% and +34.2%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Vertiv Holdings Co. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. At present, Vertiv Holdings Co. boasts a Zacks Rank of #2 (Buy).
In the context of valuation, Vertiv Holdings Co. is at present trading with a Forward P/E ratio of 52.6. Its industry sports an average Forward P/E of 13.09, so one might conclude that Vertiv Holdings Co. is trading at a premium comparatively.
It's also important to note that VRT currently trades at a PEG ratio of 1.45. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computers - IT Services was holding an average PEG ratio of 0.93 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 106, this industry ranks in the top 44% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) will issue a press release announcing its second-quarter 2026 financial results after the market closes on Tuesday, August 4, 2026 and host a call to review the results on Wednesday, August 5, 2026, from 10 a.m. to 11 a.m. ET via live webcast available to the public at investors.voya.com. The announcement, investor supplement and analyst presentation will be available on investors.voya.com upon issuance of the press release. A replay.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- STARZ (NASDAQ: STRZ) announced today the company will report its second quarter financial results for 2026, ended June 30, 2026, on Friday, August 7. Senior management will also hold an analyst and investor call to discuss results at 5:00AM PT/8:00AM ET before market open on August 7. To listen to the live audio webcast, click here. A full replay will be available later the same evening by clicking here.
About STARZ
STARZ (NASDAQ: STRZ) is the leading premium entertainment destination for women and underrepresented audiences, and home to some of the most popular franchises and series on television. STARZ offers a robust programming mix for discerning adult audiences, including boundary-breaking originals and an expansive lineup of blockbuster movies, and is embodied by its brand positioning "We're All Adults Here." Complementary to any platform or service, STARZ is available across a wide range of digital OTT platforms and multichannel video distributors and is a bundling partner of choice. STARZ is powered by an industry-leading advanced technology, data analytics and digital infrastructure and the highly rated and first-of-its-kind STARZ app.
Investor Inquiries - Contact:
Nilay Shah
[email protected]
Press Inquiries - Contact:
Jennifer Minezaki
[email protected]
In the latest trading session, Datadog (DDOG - Free Report) closed at $264.48, marking a +1.58% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.22% for the day. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
The stock of data analytics and cloud monitoring company has fallen by 3.26% in the past month, lagging the Computer and Technology sector's loss of 2.58% and the S&P 500's loss of 1.21%.
The investment community will be closely monitoring the performance of Datadog in its forthcoming earnings report. The company is predicted to post an EPS of $0.58, indicating a 26.09% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.08 billion, up 30.22% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.41 per share and revenue of $4.34 billion, indicating changes of +17.56% and +26.62%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Datadog. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.3% higher. Datadog currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Datadog is currently being traded at a Forward P/E ratio of 107.87. For comparison, its industry has an average Forward P/E of 19.05, which means Datadog is trading at a premium to the group.
We can also see that DDOG currently has a PEG ratio of 7.04. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.06.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 81, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
PulteGroup (PHM - Free Report) closed the most recent trading day at $132.59, moving -3.37% from the previous trading session. This move lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.66%.
Prior to today's trading, shares of the homebuilder had gained 16.51% outpaced the Construction sector's gain of 5.89% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of PulteGroup in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 22, 2026. It is anticipated that the company will report an EPS of $2.38, marking a 21.45% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $3.98 billion, indicating a 9.61% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.95 per share and a revenue of $16.4 billion, representing changes of -13.02% and -5.25%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for PulteGroup. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.22% decrease. PulteGroup presently features a Zacks Rank of #4 (Sell).
In the context of valuation, PulteGroup is at present trading with a Forward P/E ratio of 13.79. This denotes a discount relative to the industry average Forward P/E of 15.87.
It's also important to note that PHM currently trades at a PEG ratio of 1.75. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Building Products - Home Builders industry stood at 2.6 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 221, putting it in the bottom 11% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
In the latest trading session, Arista Networks (ANET - Free Report) closed at $166.62, marking a -1.92% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Shares of the cloud networking company witnessed a loss of 3.11% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.58%, and the S&P 500's loss of 1.21%.
The upcoming earnings release of Arista Networks will be of great interest to investors. The company is predicted to post an EPS of $0.89, indicating a 21.92% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.82 billion, indicating a 27.95% upward movement from the same quarter last year.
ANET's full-year Zacks Consensus Estimates are calling for earnings of $3.63 per share and revenue of $11.57 billion. These results would represent year-over-year changes of +21.81% and +28.46%, respectively.
It is also important to note the recent changes to analyst estimates for Arista Networks. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Arista Networks is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Arista Networks is currently being traded at a Forward P/E ratio of 46.75. This indicates a premium in contrast to its industry's Forward P/E of 19.05.
We can additionally observe that ANET currently boasts a PEG ratio of 2.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.06 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 81, this industry ranks in the top 33% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 1, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in AeroVironment, Inc. ("AeroVironment" or the "Company") (NASDAQ: AVAV) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of AeroVironment, Inc. who were adversely affected if they purchased the Company's securities between June 25, 2025 and March 10, 2026, both dates inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of Virginia.
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Follow the link below to get more information and be contacted by a member of our team:
https://www.ksfcounsel.com/cases/nasdaqgs-avav/
AeroVironment investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-avav/ to learn more.
CLICK HERE for more information
CASE DETAILS: According to the Complaint, AeroVironment and certain of its executives are charged with failing to disclose material information during the class period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the U.S. Space Force's Satellite Communication Augmentation Resource program and the U.S. Space Force's ongoing efforts to modernize the Satellite Control Network; (ii) accordingly, defendants overstated AeroVironment's business and financial prospects; and (iii) as a result, defendants' public statements were materially false and misleading at all relevant times.
The case is Norrell v. AeroVironment, Inc., et al, No. 26-cv-01429.
WHAT TO DO? If you invested in AeroVironment and suffered a loss during the relevant time frame, you have until July 27, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner [email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
AeroVironment stock is building positive momentum. Why is AVAV stock advancing? AeroVironment Awarded C-UAS ContractAeroVironment was awarded a $500 million firm-fixed-price contract to supply commercial counter-unmanned aerial systems (C-UAS) and counter-small-UAS capabilities.
Work locations and funding will be set with each order. The contract has an estimated completion date of June 29, 2029.
The award comes as the Pentagon continues to focus on counter-drone defense as low-cost drone threats proliferate.
AVAV Shares Move Higher After HoursAVAV Price Action: AeroVironment shares were up 3.19% in after-hours, trading at $177.94 at the time of publication, according to Benzinga Pro.
Image: Shutterstock.com
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Conference call scheduled for the same day at 10:00 a.m. ET
, /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced the details of its second quarter 2026 financial results press release and conference call. The Company plans to issue an advisory press release regarding the availability of its consolidated quarterly financial results at 8:00 a.m. ET on Wednesday, July 29th, 2026. Newmark's advisory release will notify the public that a full-text financial results press release will be accessible at the following pages:
http://ir.nmrk.com (PDF version of the full press release, PDF of a quarterly results investor presentation, link to the webcast, and supplemental Excel financial tables)
https://www.nmrk.com/media (PDF version of the full press release only)
Newmark will host a conference call on Wednesday, July 29th, 2026, at 10:00 a.m. ET to discuss its results.
For those who are unable to join the webcast, the Company expects to post dial-in information before the day of the call on the event's page at http://ir.nmrk.com.
Webcast Replay
Note: If clicking the above links does not open a new webpage, you may need to cut and paste the URLs into your browser's address bar.
ABOUT NEWMARK
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT NEWMARK
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q, or Form 8-K.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Graphic Packaging Holding Company (NYSE: GPK) between February 4, 2025 and February 2, 2026, inclusive (the “Class Period”), of the important July 6, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Graphic Packaging securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Graphic Packaging class action, go to https://rosenlegal.com/submit-form/?case_id=64523 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 6, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Graphic Packaging was experiencing, inter alia, significant inventory management issues, as well as significantly reduced demand and volumes and increased costs; (2) defendants downplayed the true scope and severity of the foregoing issues, which were likely to, and did, have a material negative impact on Graphic Packaging’s business and financial results; (3) defendants likewise overstated the strength and sustainability of Graphic Packaging’s business model and operations, as well as its ability to weather ongoing macroeconomic headwinds; (4) accordingly, Graphic Packaging’s previously issued full year 2025 financial guidance was unreliable and/or unrealistic; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Graphic Packaging class action, go to https://rosenlegal.com/submit-form/?case_id=64523 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
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The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
SAN DIEGO, July 01, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Verra Mobility Corporation (NASDAQ: VRRM) securities between February 24, 2026, and May 26, 2026. Verra Mobility Corporation provides smart mobility technology solutions in the United States, Australia, Europe, and Canada. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What is the class period? February 24, 2026 - May 26, 2026
What are the allegations? Robbins LLP is Investigating Allegations that Verra Mobility Corporation (VRRM) Misled Investors Regarding its Business Prospects
According to the complaint, during the class period, defendants provided investors with material information concerning Verra’s growth potential for full-year 2026, including confidence in the Company’s projected revenue outlook and anticipated growth of its Commercial Services segment, assurances regarding contract renewals with major rent-a-car (“RAC”) customers, and expectations for continued growth in its rental car tolling business. At the same time, defendants disseminated materially false and misleading statements and/or concealed material adverse facts concerning the true state of Verra’s relationship with Avis Budget Group (“Avis”), particularly with respect to obtaining a contract extension with Avis. Defendants also minimized concerns that major RAC customers could replace Verra with in-house solutions or outsourced alternatives. By omitting these material facts while making overwhelmingly positive statements about the Company’s prospects, defendants caused Plaintiff and other shareholders to purchase Verra securities at artificially inflated prices.
Plaintiff alleges that on May 26, 2026, Verra issued a press release announcing a termination notice from Avis regarding its contract and accordingly lowered its 2026 full-year financial outlook. Then, on June 1, 2026, the Company announced a sudden and surprising transition of its President and Chief Executive Officer David Roberts. On this news, the price of Verra's common stock declined dramatically from a closing price of $13.08 per share on May 26, 2026, to $3.85 per share on May 27, 2026, a decline of approximately 71%.
What can shareholders do now? You may be eligible to participate in the class action against Verra Mobility Corporation. Shareholders who wish to serve as lead plaintiff for the class must file their papers with the court by August 4, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
To be notified if a class action against Verra Mobility Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Attorney Advertising. Past results do not guarantee a similar outcome.
MSC Industrial (MSM - Free Report) reported $1.05 billion in revenue for the quarter ended May 2026, representing a year-over-year increase of 7.8%. EPS of $1.43 for the same period compares to $1.08 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +1.74%. The company delivered an EPS surprise of +12.1%, with the consensus EPS estimate being $1.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MSC Industrial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Inventory Turnover: 4 compared to the 3 average estimate based on five analysts.Total Company ADS Percent Change: 7.8% versus 5.6% estimated by five analysts on average.Sales Days: 64 versus the five-analyst average estimate of 64.Average Daily Sales (ADS): $16.4 million versus the four-analyst average estimate of $16.1 million.Days Sales Outstanding: 37 compared to the 38 average estimate based on two analysts.View all Key Company Metrics for MSC Industrial here>>>
Shares of MSC Industrial have returned +3.3% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
DAVIDSON, N.C.--(BUSINESS WIRE)-- #MakingLifeBetter--Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, will issue its second quarter 2026 earnings release after the market closes on Thursday, July 30, 2026. Ingersoll Rand will also host a live earnings conference call to discuss the second quarter results on Friday, July 31, 2026, at 8 a.m. Eastern Time. To participate in the call, please dial +1-888-330-3073, domestically, or +1-646-960-.
Most clinical-stage biotechs are small-cap companies. That makes sense. Not only can it take years -- sometimes over a decade -- to develop novel medicines, but it is also a very risky endeavor. Companies that don't have a single product on the market and generate little to no revenue are very risky. However, several clinical-stage drugmakers have impressive market values compared to their peers. Take Revolution Medicines (RVMD 0.04%), a biotech focused on developing cancer therapies. Its current market cap is about $40 billion. That may seem absurd, but there is a good reason Revolution Medicines is worth what it is.
Image source: Getty Images.
Revolution's enormous market potential Cancer is one of the leading causes of death, and there are still many forms of the disease for which there is a need for new treatment options. Even within market niches with plenty of options, there is always room for improvement. Given all that, it's not surprising that oncology is by far the largest area in the pharmaceutical industry in terms of annual sales. Medicines that dominate the cancer market make billions, sometimes tens of billions, in revenue every year. Revolution Medicines is looking to tap into this large opportunity. It isn't the only one: Many smaller drugmakers are actively developing cancer drugs. The difference is that Revolution Medicines' leading candidates look incredibly promising.
Consider the company's daraxonrasib, which is being developed to treat pancreatic cancer and lung cancer. Recent clinical trial results highlight why the market is valuing Revolution Medicines so highly. In a phase 3 study in previously treated patients with metastatic pancreatic cancer, where daraxonrasib was pitted against the current standard of care, cytotoxic chemotherapy, the medicine posted a median overall survival rate of 13.2 months, versus 6.7 months for those who received chemotherapy. Daraxonrasib also showed a reasonable safety profile throughout the study.
This trial provided strong evidence that daraxonrasib could become a new standard of care in metastatic pancreatic cancer. And, according to some analysts, this could be an opportunity worth over $10 billion. We haven't even factored in other potential indications for daraxonrasib yet, including non-small cell lung cancer (NSCLC), one of the leading causes of cancer death. This could be an even larger -- albeit more competitive -- area for Revolution Medicines to break into with its leading candidate. Further, the company boasts other promising pipeline products. Revolution Medicines is developing zoldonrasib across pancreatic cancer and NSCLC. Zoldonrasib has already posted solid results in clinical trials.
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Is it too late to buy the stock? Revolution Medicines' secret lies in its pioneering work in a new class of medicines, RAS(ON) inhibitors, that aim to treat RAS-addicted cancers, which account for 30% of new diagnoses, according to the company. They depend heavily on a broken "growth switch" in cells (the RAS protein) being stuck on, so they keep growing and dividing uncontrollably. While therapies for this category of cancers existed, they typically did not address the root driver of the diseases. Revolution Medicines' approach does that, and now, the company could dominate this area for the next decade or so and reap immense financial benefits in the process.
What's more, with recent phase 3 clinical trial results, Revolution Medicines should launch daraxonrasib within a year, and the medicine promises to be a smashing success. However, Revolution Medicines has already soared by about 409% over the past year. And although its market cap isn't as absurd as some might think, given its status as a clinical-stage biotech, it is still quite high. Even with a strong launch trajectory for daraxonrasib, it will take some time for Revolution Medicines' sales to reach levels that justify its current valuation. And in the meantime, the company still faces the risk of clinical or regulatory setbacks that could sink its share price. So, Revolution Medicines' shares look too expensive at current levels, and investors should probably wait for a pullback before initiating a position.
If you purchased or acquired FS KKR Capital securities between May 8, 2024 and February 25, 2026 and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.
Click here to participate in the action.
NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) --
What’s Happening?
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against FS KKR Capital Corp. (“FS KKR Capital” or the “Company”) (NYSE:FSK) in the United States District Court for the Eastern District of Pennsylvania on behalf of all persons and entities who purchased or otherwise acquired FS KKR Capital securities between May 8, 2024 and February 25, 2026, both dates inclusive (the “Class Period”).Investors have until July 6, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. What are the Allegation Details?
According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FS KKR Capital overstated the effectiveness of its portfolio restructuring efforts for its nonaccrual companies; (2) FS KKR Capital overstated the valuation of its portfolio investments and/or overstated the effectiveness of FS KKR Capital's portfolio valuation process; (3) FS KKR Capital overstated the durability of its quarterly distribution strategy; and (4) as a result of the foregoing, defendants' positive statements about FS KKR Capital's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
What are my Next Steps?
If you purchased or otherwise acquired FS KKR Capital shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of FS KKR Capital Corp. (NYSE: FSK) between May 8, 2024 and February 25, 2026, inclusive (the “Class Period”), of the important July 6, 2026 lead plaintiff deadline.
SO WHAT: If you purchased FS KKR Capital securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FS KKR Capital class action, go to https://rosenlegal.com/submit-form/?case_id=64089 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 6, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) FS KKR Capital overstated the effectiveness of its portfolio restructuring efforts for its nonaccrual companies; (2) FS KKR Capital overstated the valuation of its portfolio investments and/or overstated the effectiveness of FS KKR Capital’s portfolio valuation process; (3) FS KKR Capital overstated the durability of its quarterly distribution strategy; and (4) as a result of the foregoing, defendants’ positive statements about FS KKR Capital’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the FS KKR Capital class action, go to https://rosenlegal.com/submit-form/?case_id=64089 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Cencora, Inc. (NYSE: COR) today announced that it plans to release its results for the Third Quarter of Fiscal 2026 on Wednesday, August 5, 2026, prior to the opening of trading on the New York Stock Exchange. The Company will host a conference call to discuss the results at 8:30 a.m. ET on August 5, 2026. Participating in the conference call will be: Robert P. Mauch, President & Chief Executive Officer Eva C. Boratto, Executive Vice President & Chief.
July 01, 2026 16:37 ET | Source: Viper Energy, Inc.
MIDLAND, Texas, July 01, 2026 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced that Viper has completed its previously announced acquisition of all of the equity interests of Riverbend Oil & Gas IX, L.L.C., an entity owning certain mineral and royalty interests, from Riverbend Oil & Gas IX (AIV), L.L.C. and ROG IX, L.L.C. (such acquisition, the “Riverbend Acquisition”) in exchange for $337 million in cash and approximately 3.7 million shares of Viper’s Class A common stock, par value $0.000001 per share, subject to customary post-closing adjustments. The cash portion of the Riverbend Acquisition was funded through a combination of cash on hand and borrowings under the Company’s credit facility.
About Viper Energy, Inc.
Viper is a corporation formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on owning and acquiring mineral and royalty interests in oil-weighted basins, primarily the Permian Basin. For more information, please visit www.viperenergy.com.
About Diamondback Energy, Inc.
Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.
Forward-Looking Statements
This communication includes forward-looking statements within the meaning of the federal securities laws, which involve certain risks, uncertainties and assumptions that could cause the results to differ materially from such statements. All statements, other than historical facts, that address activities that Viper assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future, including the anticipated benefits of the Riverbend Acquisition, Viper’s strategy, future operations, financial position, estimated revenues, projected costs, prospects, plans and objectives of management, are forward-looking statements. When used herein, the words “may,” “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions and the negative of such words are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.
Factors that could cause the outcomes to differ materially include (but are not limited to): Viper’s ability to realize the expected benefits of the Riverbend Acquisition in a timely manner, or at all; changes in supply and demand levels for oil, natural gas and natural gas liquids and the resulting impact on commodity prices; developmental activity by other operators; and those risks described in Viper’s periodic filings with the U.S. Securities and Exchange Commission (“SEC”), including in Item 1A of Viper’s Annual Report on Form 10-K for the year ended December 31, 2025, subsequent Forms 10-Q and 8-K and other filings Viper makes with the SEC, which can be obtained free of charge on the SEC’s website at http://www.sec.gov and Viper’s website at www.viperenergy.com/investors/overview.
In light of these factors, the events anticipated by Viper’s forward-looking statements may not occur at the time anticipated or at all. Viper cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this communication or, if earlier, as of the date they were made. Viper does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.
CNBC's “Closing Bell” team discusses recent market action, the AI trade and what investors should be watching going into the second half of 2026 with Richard Saperstein of Treasury Partners and Liz Thomas of SoFi.
, /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, July 31, to review its second quarter 2026 financial results.
Portland General Electric plans to release its second quarter 2026 earnings summary before financial markets open in the United States on July 31.
The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Erin Schwartz, Senior Manager of Investor Relations.
To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, select Events & Presentations from the menu, and the webcast will be listed under Upcoming Events. A replay of the webcast will be available beginning at 2 p.m. ET on July 31. The webcast replay will be listed under Archived Events within the investor website Events & Presentations page.
About Portland General Electric Company:
Portland General Electric Company (PGE) (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, PGE has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/our-company/news-room.
For more information please contact:
Erin Schwartz, PGE, 503-464-7751
FRISCO, TX, July 01, 2026 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) plans to release its second quarter 2026 results on July 29, 2026 after the market closes and host its quarterly conference call at 10:00 a.m. CT on July 30, 2026 to discuss the second quarter results.
Parties interested in participating in the conference call telephonically will need to register at https://register-conf.media-server.com/register/BIb1b9c89894d24cf390641104a3f40885. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a timely connection to the call.
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The conference call will also be broadcast live in listen-only mode and can be accessed via the website URL: https://edge.media-server.com/mmc/p/xprpo4xr.
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A replay of the second quarter 2026 conference call will be available for twelve months beginning at 1:00 p.m. CT on July 30, 2026. The replay of the conference can be accessed using the webcast link: https://edge.media-server.com/mmc/p/xprpo4xr
About Comstock Resources:
Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville Shale in North Louisiana and East Texas.
A slide show presentation on the financial results will be available on Comstock's website at www.comstockresources.com. Click on “Quarterly Results” to view the slide show.
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Maurice Tulloch has been appointed to the company's Board of Directors, effective July 1, 2026.“Maurice brings a forward-looking view of the insurance industry, paired with broad, hands-on experience leading global businesses,” said Tony Cheng, President and Chief Executive Officer, RGA. “His combination of operational expertise and global insight,.
, /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its second quarter 2026 results on Wednesday, July 29, 2026, after market close and will hold a conference call on Thursday, July 30, 2026, at 9:00 a.m. Central Time. During the conference call, company officers will review second quarter performance and conduct a question-and-answer session.
The conference call-in number is (888) 596-4144 (Domestic) or +1 (646) 968-2525 (International). The Conference ID is 9650596. A replay of the conference call will be available from July 30, 2026 through August 13, 2026 by dialing (800) 770-2030 (Domestic) or +1 (609) 800-9909 (International).
A live webcast of the conference call will be available on the "For Investors" page of the Company's website at www.maac.com and an audio archive of the call will be posted on the Company's website following the call's conclusion.
About MAA
MAA, an S&P 500 company, is a self-administered real estate investment trust (REIT) focused on delivering strong, full-cycle investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States. For further details, please refer to www.maac.com or contact Investor Relations at [email protected].
LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced today that it expects to issue second quarter 2026 earnings at the close of the market Wednesday, July 15, 2026. It will hold a conference call from 4:00-5:00 p.m. CDT on the same day to discuss the quarterly results and answer questions from the investment community. An online, real-time webcast of the quarterly conference call will be available at investor.jbhunt.com on July 15, 2026, at 4:00 p.m. CDT.
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) announced today that it plans to release its financial results for the second quarter 2026 on Thursday, July 30, 2026, before the opening of trading on the New York Stock Exchange.A conference call to discuss KKR's financial results will be held on Thursday, July 30, 2026 at 9:00 a.m. ET. The conference call may be accessed by dialing (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers); a pass code is not required. Addit.
, /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the second quarter 2026 on Tuesday, August 4, 2026 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session.
To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 6067582. For those of you dialing internationally, your dial in number is (412) 317-6061. A live audio webcast of the call will also be available at www.redrockresorts.com.
A replay of the call will be available through August 11, 2026, by dialing in at (855) 669-9658 or internationally at (412) 317-0088 using conference ID: 1253272. An audio archive of the call will also be available at www.redrockresorts.com.
About Red Rock Resorts
Red Rock Resorts is a holding company that owns an indirect equity interest in and manages Station Casinos LLC ("Station Casinos"). Station Casinos is the leading provider of gaming, hospitality and entertainment to the residents of Las Vegas, Nevada. Station Casinos' properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station Casinos owns and operates Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Durango Casino Resort, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Rancho, Wildfire Boulder, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem, Wildfire Lake Mead, Wildfire on Fremont and Seventy Six by Station Casinos (North Lamb, Aliante, Union Village, Tropicana, and Fort Apache). Station Casinos also owns a 50% interest in Barley's Casino & Brewing Company, Wildfire Casino & Lanes and The Greens.
Investors:
Red Rock Resorts
Stephen L. Cootey
(702) 495-3550
Media:
Michael J. Britt
(702) 495-3693
[email protected]
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that Keystone Bridge Partners, a Granite-led joint venture with Condon-Johnson & Associates, Inc., has been selected by the Regional Transportation Commission (RTC) of Washoe County to provide preconstruction services for the Keystone Avenue Bridge Replacement Project in Reno, Nevada. The project will be delivered using the Construction Manager at Risk (CMAR) method.
“We are excited to again partner with the RTC to find collaborative solutions to best serve Reno and the travelling public.”
ShareBuilt in 1966, the Keystone Avenue Bridge spans the Truckee River and serves as a critical north–south corridor. The new project will replace the structurally deficient bridge, significantly improve safety, and accommodate increased traffic demand.
“This project reflects Granite’s continued commitment to delivering resilient, community-focused infrastructure,” said Chris Burke, Granite Regional Vice President. “We are excited to again partner with the RTC to find collaborative solutions to best serve Reno and the travelling public.”
Project scope includes demolition of the existing bridge and construction of a new multi-span steel beam girder structure, along with reconstruction of Keystone Avenue approaches, new retaining walls, drainage improvements, and utility relocations. The project also features a new multi-use path connecting to Vine Street and improvements to nearby roadways.
Project Timeline:
Preconstruction: Q2 2026 through Q1 2028Major Construction: Q2 2028 through Q3 2029When the construction phase is awarded, the anticipated value will range from $50 million to $60 million.
For more information, visit: https://keystonebridgeproject.com.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.
, /PRNewswire/ -- Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) today announced that Michael Goettler has resigned from its Board of Directors, effective June 30, 2026, in connection with his appointment as President and Chief Executive Officer of Knoa Pharma LLC.
"We thank Michael for his valued service and wish him the best in his new role," said John A. Paulson, Chairperson of the Bausch Health Board of Directors.
Mr. Goettler's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
About Bausch Health
Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) is a global, diversified pharmaceutical company enriching lives through our relentless drive to deliver better health care outcomes. We develop, manufacture and market a range of products primarily in gastroenterology, hepatology, neuroscience, dermatology, dentistry, aesthetics, international pharmaceuticals and eye health, through our controlling interest in Bausch + Lomb Corporation. Our ambition is to be a globally integrated healthcare company, trusted and valued by patients, HCPs, employees and investors. For more information about Bausch Health, visit www.bauschhealth.com and connect with us on LinkedIn.
It might seem like a bad time to invest in blue chip dividend stocks. The 10-Year Treasury is trading at a 4.5% yield; the Federal Reserve might raise interest rates in the second half of the year if inflation doesn't cool off; and the S&P 500 looks expensive at 32 times earnings.
All those factors suggest it's smarter to stick with low-risk CDs, T-bills, and investment-grade corporate bonds instead of buying dividend stocks. However, that tepid interest in dividend stocks is creating great buying opportunities for long-term investors who plan to hold their stocks for a few decades rather than a few quarters.
Image source: Getty Images.
Let's check in on two of my favorite dividend plays in the energy sector -- The Williams Companies (WMB 2.22%) and Brookfield Renewable (BEPC 1.00%) -- and see why they could still turn a modest $3,000 investment into a lot more money over an entire lifetime.
The Williams Companies The Williams Companies operates more than 33,000 miles of pipeline across the United States. As a midstream company, it's well insulated from volatile commodity prices because it charges upstream and downstream companies "tolls" to use its pipelines.
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Unlike other midstream companies, which typically transport a mix of natural gas, crude oil, and other resources, Williams primarily handles natural gas through its Transco pipelines that run from Texas to the Eastern Seaboard. That natural gas "superhighway" transports about 30% of the country's natural gas, which powers nearly half of the data centers in the United States.
To capitalize on the rapid expansion of the power-hungry cloud infrastructure and AI markets, Williams builds "behind the meter" (BTM) sites at data centers to provide hyperscalers with a stable flow of natural gas while bypassing traditional utilities.
That's why its year-end backlog jumped from $11.8 billion in 2024 to $15.5 billion in 2025, and it's considered a higher-growth play than more diversified pipeline operators. Analysts expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at an 11% CAGR from 2025 to 2028. It has an enterprise value of $124.5 billion, but it still looks like a bargain at 15 times this year's adjusted EBITDA.
Williams pays a forward yield of 2.8% and has raised its payout annually for 10 consecutive years. Therefore, it's a great long-term play for investors who want a mix of predictable income and some exposure to the secular growth of the cloud infrastructure and AI markets.
Brookfield Renewable Brookfield Renewable builds hydroelectric dams, wind farms, solar power plants, and other utility-scale green energy projects. It has an operational capacity of 47.3 GW, spanning 35 power markets across 25 countries, with a pipeline of over 200 GW of renewable projects (including 85 GW of advanced-stage projects) in development.
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That growth is driven by its long-term renewable power agreements with tech giants like Microsoft and Alphabet's Google, which are expanding their data centers to handle the latest cloud and AI applications. New decarbonization and green manufacturing initiatives are also major catalysts.
Brookfield Renewable pays a forward dividend yield of 4.2%. It's raised its dividend every year since its 2020 launch as a simpler alternative to Brookfield Renewable Partners (BEP 1.04%), which holds the same assets but operates as a master limited partnership (MLP).
From 2025 to 2028, analysts expect its adjusted EBITDA to grow at a steady 6% CAGR. With an enterprise value of $53.1 billion, it trades at just 14 times this year's adjusted EBITDA. So if you're looking for a simple green energy play that will profit from the AI boom over the next few decades, Brookfield Renewable checks all the right boxes.
Intellia Therapeutics (NTLA +1.89%) has been on fire this year. Shares of the clinical-stage biotech have climbed an impressive 83% to date. However, Wall Street remains bullish on the company. Intellia Therapeutics' average price target (according to Yahoo! Finance) is $26.63, implying the stock could jump another 57% from its current levels over the next year. Should investors rush to purchase Intellia Therapeutics' shares based on The Street's bullish sentiments?
Image source: Getty Images.
Why there could be more upside ahead Intellia Therapeutics has performed well largely thanks to strong clinical progress with its leading candidate, lonvo-z, an investigational gene editing medicine for hereditary angioedema (HAE), a rare condition that causes painful and dangerous swelling attacks across the body. Though there are standards of care for this disease that help manage swelling attacks, there is no cure. Intellia Therapeutics hopes it has developed the closest thing to a cure with lonvo-z. In a phase 3 clinical trial, patients treated with a single infusion of lonvo-z experienced an 87% reduction in attacks after a six-month evaluation period compared with those who received a placebo. Further, 62% of patients were completely attack-free, compared with just 11% in the placebo group.
Lonvo-z now looks destined for approval, and Intellia Therapeutics has already begun submitting an application package to the U.S. Food and Drug Administration (FDA). What's more, Intellia Therapeutics could have another important catalyst over the next 12 to 18 months. The company is developing another gene-editing treatment, nex-z, in collaboration with Regeneron (REGN +0.19%). Nex-z is undergoing a pair of phase 3 studies in patients with a rare, progressive genetic disease called transthyretin (ATTR) amyloidosis, which can cause severe cardiovascular problems. The company may release data from these clinical trials sometime next year. Provided the results are positive, Intellia's shares may soar.
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Significant risks involved The commercial opportunity across lonvo-z and nex-z looks attractive, largely because of the latter. Only one person in 50,000 is affected by HAE, so there could be around 7,000 patients with the disease in the U.S., and about 162,000 worldwide. Of course, lonvo-z won't capture this entire opportunity, even under an optimistic scenario. It may not earn approval outside the U.S., for instance. So, lifetime sales for lonvo-z may not be that impressive. And annual revenue from the therapy will be even lower.
But once we turn to nex-z, the landscape looks different. The hereditary version of ATTR amyloidosis affects 50,000 people worldwide, while the wild type (that comes with age) affects between 200,000 and 500,000 patients. Diagnosis rates are also increasing, particularly for wild-type ATTR amyloidosis, driven by the world's aging population. And thanks to its partnership with the larger, more experienced Regeneron, Intellia Therapeutics could launch this medicine in many markets worldwide.
So, nex-z is central to Intellia Therapeutics' prospects. However, investors should keep in mind that the stock is very risky. Any clinical-stage biotech company tends to be so. True, Intellia's phase 3 success with lonvo-z makes its outlook less uncertain, but a lot could still happen, including unforeseen regulatory setbacks that aren't that uncommon with smaller drugmakers. Further, it's also worth noting that the company has had some issues with nex-z. Last year, the FDA placed clinical trials for the medicine on hold after a patient who received it died due to liver damage.
While the FDA eventually lifted the clinical hold, more safety concerns may eventually arise and, perhaps, disrupt nex-z's progress. Then there is the fact that Intellia Therapeutics develops gene-editing treatments that tend to be very expensive, making it hard to get health insurance companies on board, even when they are effective. This could eventually pose a problem once (if) Intellia Therapeutics launches its medicines.
Is Intellia stock a buy? Intellia Therapeutics' recent phase 3 clinical trial success, its other late-stage candidate, and its strong cash balance all make a good case for the stock. The biotech ended the first quarter with $517.2 million in cash and equivalents, but it also conducted a secondary common stock offering after the period ended, raising about $207 million in gross proceeds. Management thinks the company has enough cash to last until 2028, even without factoring in the money it will receive from lonvo-z, once it hits the market.
However, some of Intellia Therapeutics' success with lonvo-z may already be baked into the stock price, and its shares won't move much once it's approved -- they could even decline if long-term shareholders decide to take that opportunity to pocket some profits. Further, the stock will fall off a cliff if it encounters any issue with nex-z. These factors make Intellia a risky bet. My view is that the stock is unlikely to match Wall Street's price target over the next 12 months.
And although it may have even more upside than that over the next five years if nex-z aces its phase 3 studies, the risks related to a potential failure on that front make the stock suitable only for those comfortable with significant volatility.
Shares of Shutterstock (SSTK 29.03%) plummeted to an all-time low on Wednesday. The stock was down by 29% at 2:45 p.m. ET, as Getty Images (GETY 10.46%) walked away from the Shutterstock merger it announced in January.
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The U.K. said, "Not so fast, mate" The deal didn't survive regulatory requirements.
The British Competition and Markets Authority asked the companies to exclude Shutterstock's editorial services from the merger. Including it would result in a "substantial lessening of competition" in the field of U.K. journalism, according to the regulatory body.
The Authority recently cleared this merger on the condition of spinning out Shutterstock's editorial business. That was a deal-breaker for Getty, whose Board of Directors unanimously canceled the merger. Getty will pay down $628 million of debt notes, which were intended to finance the Shutterstock deal.
Getty's stock also fell on the news, dipping as much as 10.5% around 11 a.m. ET. Together, the two image service stocks burned roughly $200 million of investor value today.
Image source: Getty Images. Ironic, I know.
Is there a silver lining here? So where does this leave investors? Two jilted image companies, both trading at bargain-bin valuations, both bleeding red ink on the bottom line, both in the microcap category since 2024.
The merger would have created cost synergies and combined two struggling competitors. Without it, each company faces the generative AI threat alone. Shutterstock has been building AI tools and licensing deals; Getty has pursued similar strategies. Whether either can stabilize on its own remains uncertain. Hitting the panic button due to a single British carve-out requirement looks like a bad idea.
The valuations look tempting on paper, with both stocks trading at price to free cash flow ratios below 6. But "cheap" and "good investment" aren't always the same picture. I'm not drooling over Shutterstock or Getty shares in today's dip.
Anders Bylund has no position in any of the stocks mentioned. The Motley Fool recommends Shutterstock. The Motley Fool has a disclosure policy.
Shares of AI data center giant IREN (IREN) are moving 3.9% lower at $43.94 this afternoon, pulling back as a choppy tech sector weighs on investors. Despite the blockchain specialist’s debut on the Russell 1000 Index (RUT) earlier this week, the equity is headed for an eighth-straight daily drop—its lowest close since April. However, not all is lost. In fact, IREN is sporting a 14.8% year-to-date lead and now looks to be within a chip shot of a historically bullish trendline.
According to Schaeffer’s Senior Quantitative Analyst Rocky White, IREN is trading within 0.75 times the 260-day moving average's 20-day average true range (ATR), after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above that trendline.
This signal has flashed five times over the last decade, after which the stock was higher one month later 60% of the time, averaging a 19.9% gain. A similar move from the stock’s current perch would put the AI powerhouse at $52.68.
Daily IREN with 260-day moving average
LSEG Workspace
Bears look firmly in control, with 18.7% of the stock’s available float sold short. Short interest rose 26.5% during the past two reporting periods, leaving less than two days for sellers to buy back their bearish bets while IREN is ripe for a squeeze.
Options traders have been bearish as well, leaving more room for bulls should this attention begin to unwind. Specifically, at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), IREN stock's 10-day put/call volume ratio of 4.20 ranks in the highest possible percentile of its annual range.
No stock in the S&P 500 has done better than Sandisk (SNDK 10.59%) this year, as it's up an astounding 749% as of June 29. The memory maker's share price has surpassed $2,000, something that would've surprised even the most optimistic investor six months ago.
Rapid growth and a four-figure share price often spark speculation about a stock split, in which a company divides its shares into smaller units. The value of the company doesn't change, but a stock split lowers the share price, making it more accessible to investors and improving liquidity.
Sandisk hasn't announced an upcoming stock split at the time of this writing. Let's consider how likely it is for 2026.
Image source: Getty Images.
Sandisk's incredible run While Sandisk's year-to-date returns are impressive enough, they get even better if you go back to February 2025, when it split off from Western Digital. Since then, Sandisk has climbed 5,500%.
The growth driver is the AI memory bottleneck. AI companies need memory, including high-bandwidth memory (HBM) for AI accelerators and conventional DRAM and NAND flash memory for storing training data and cloud workloads.
Only three companies (SK Hynix, Micron Technology, and Samsung) make HBM, and because it's so profitable, they've prioritized this type of memory. Sandisk is purely a NAND company, so it benefits from the supply constraints in that market. Global NAND revenue reached $46 billion in Q1 2026, a 246% year-over-year increase, according to Counterpoint Research. Sandisk has a 13% share of the NAND market.
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Sandisk's latest earnings reflect unprecedented demand for memory. In its third quarter of fiscal year 2026, which ended April 3, Sandisk reported $6 billion in revenue, up 251% year over year. The company's gross margin has also improved significantly, rising from 50.9% in Q2 to 78.4% in Q3.
Industry insiders expect the memory shortage to last into 2028. If that's the case, Sandisk looks like a good bet to continue growing, and a stock split may be in the near future. But there is a caveat to this assumption.
The memory cycle could peak sooner than expected Memory is famously a cyclical business that goes through boom-and-bust patterns. Right now, demand is high, and memory is in short supply. In the past, cycles have eventually peaked, enough supply has shown up to meet demand, and the market flips from scarcity to oversupply. When memory is no longer the hot commodity, the earnings growth stops, and memory stocks decline.
There's no sign of the cycle peaking anytime soon, especially as hyperscalers pour money into AI infrastructure. But the AI market has been showing some cracks. OpenAI is considering delaying its IPO until 2027, and there are concerns that tech companies aren't making enough money from AI to justify the massive capital expenditures. If memory demand slows sooner than expected, Sandisk and other memory makers could be in line for a sharp drop.
I lean yes for Sandisk conducting a stock split by the end of 2026. The company checks all the typical boxes: fast growth, a high price tag, and positive momentum. A stock split could get it into a price range that attracts more retail investors on a budget.
If you're debating whether to invest in Sandisk, it still looks like a company with plenty of room to run, but it's also highly volatile. You may want to build up a position over time by dollar-cost averaging instead of making one large lump-sum investment.
Crucially, you shouldn't wait for a stock split to buy Sandisk if you believe it's a good investment. There's no guarantee management will decide to split the company's stock. Even if it does, the price could be up another $500 or $1,000 by then. If you want to start with a small position, see if your broker offers fractional shares. This is an easy way to invest when you don't want to buy a full share because of the cost.
Total Enrichment Contract Valued at over $1 Billion, Including All Options
Completes Production of Additional 900 Kilograms of HALEU UF6 Ahead of Schedule
Prior Contract Extended for Three Months Ahead of Transition
, /PRNewswire/ -- Centrus Energy (NYSE: LEU) today announced that it has signed a contract to finalize the terms of the competitively-awarded, $900 million task order it received from the U.S. Department of Energy earlier this year. The award will support deployment of large-scale production capacity for High-Assay, Low-Enriched Uranium (HALEU) as part of Centrus' multi-billion-dollar capacity expansion that will include Low-Enriched Uranium (LEU) as well as HALEU.
"Today's announcement marks another milestone in our expansion, as we pivot from a technology demonstration contract to the new, larger contract aimed at commercial scale production," said Centrus President and CEO Amir Vexler. "The government's investment from this contract will be matched several times over with billions of dollars in capital, including other non-dilutive, non-debt funding as well as customer contracts to restore America's ability to enrich uranium at a large scale."
Transitioning from Demonstration to Commercialization
Centrus won a contract in 2019 to build a cascade of advanced centrifuges in Piketon to demonstrate HALEU production with U.S. technology. That demonstration contract was modified and extended in 2022 to allow for a longer period of HALEU production, and was previously extended through June 30, 2026. While Centrus and the Department have signed a three-month, $15 million extension for HALEU storage, Centrus has now completed all HALEU production called for under the existing demonstration contract. Production of the final 900 kilograms of HALEU UF6 required under that contract was completed in mid-June, two weeks ahead of schedule, with a cumulative total of more than 1,900 kilograms produced over the life of the contract.
With its large-scale expansion underway, Centrus is transitioning from the old demonstration contract to commercialization with the newer, larger enrichment contract. The first new capacity is expected to come online by 2029. In the interim, Centrus intends to privately operate the existing HALEU cascade on a commercial basis to begin supplying the near-term needs of its customers. Centrus is working with the Department on agreements to enable that transition, including a long-term lease extension for the American Centrifuge Plant in Piketon, Ohio.
The new, fixed-price HALEU Enrichment contract calls for Centrus to deploy commercial-scale HALEU production capacity in Piketon. It also includes options, at the Department's discretion, for up to $170 million in HALEU purchases for Departmental missions, the total contract value with all options included is $1.07 billion.
Modular Enrichment Capacity Build-Out
As previously disclosed, Centrus' modular enrichment capacity build out will based on customer demand and capital resources.
The initial build-out will include 12 metric tons of annual HALEU production capacity as well as capacity to meet Centrus existing LEU backlog of $2.4 billion. Subject to customer demand, Centrus can continue expanding production of HALEU and LEU to meet market requirements. Importantly, Centrus' expects the initial build-out to allow it to achieve nth-of-a-kind centrifuge manufacturing costs.
Centrus' multi-billion-dollar expansion project is expected to support thousands of American jobs, including:
1,000 construction jobs and 300 new operating jobs in Ohio, while retaining 150 existing jobs at the Piketon plant. 430 jobs at Centrus' centrifuge manufacturing plant in Oak Ridge, Tennessee, and hundreds of additional jobs across Centrus' nationwide network of suppliers. Thousands of indirect jobs in Ohio, Tennessee and across the country. The expansion is underpinned by public and private funding along with commercial contracts, a framework that includes: national security missions, third party investments such as prepayment, direct foreign investment, LEU and HALEU commercial contracts, and Centrus' strong capital position.
About Centrus Energy
Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.
With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X.
Forward-Looking Statements:
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which in this context means statements that express Centrus' opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." The words "may," "will," "could," "should," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "continue," "might," "possible," "potential," "predict," "project," "goal," "would," "commit," or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Centrus operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks, and uncertainties.
Particular factors that involve uncertainty and could cause our actual future results to differ materially from those expressed in our forward-looking statements and which are, and may be, exacerbated by any worsening of the global business and economic environment include but are not limited to the following: our ability to conclude negotiations with our customers, including the Department as it pertains to the potential agreements discussed herein; the war in Ukraine and other geopolitical conflicts; our government contracts, including related to changes to the U.S. government's appropriated funding levels for HALEU; the government's inability to satisfy its obligations, and our lease to our facility in Piketon, Ohio; whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level; the impact and potential extended duration of a supply/demand imbalance in the market for LEU; significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive then we are; limitations on our ability to compete in foreign markets; pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU; and our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee.
Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our most recent Annual Report on Form 10-K, under Part II, Item 1A – "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
New York, New York--(Newsfile Corp. - July 1, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Futu Holdings Limited (NASDAQ: FUTU) between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026.
SO WHAT: If you purchased Futu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Futu was not in compliance with the requirements of the China Securities Regulatory Commission (the "CSRC"), including because Futu continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (3) as a result of the foregoing, Futu's financial results were overstated; and (4) as a result of the foregoing, defendants' positive statements about Futu's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303642
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Elon Musk raises his phone towards the sky during a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. REUTERS/Adrees Latif/File Photo Purchase Licensing Rights, opens new tab
July 1 (Reuters) - Elon Musk on Wednesday denied a Wall Street Journal report that SpaceX (SPCX.O), opens new tab showed investors and other stakeholders a prototype of an AI-focused device ahead of its blockbuster IPO.
"Utterly false," Musk said in a post on X, without elaborating.
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The Journal had reported, citing people familiar with the matter, that the prototype handset-like device was designed to run on a proprietary operating system, contained AI technology from xAI and would use Qualcomm's (QCOM.O), opens new tab Snapdragon chips.
The report added that SpaceX had told some investors the project remained in its early stages, with the design still evolving and no certainty the device would ultimately be built.
SpaceX has invested billions of dollars to expand beyond its core launch and satellite internet businesses, pouring money into AI infrastructure, xAI's Grok large language model and plans for space-based computing as Musk seeks to position the company at the center of the AI race.
SpaceX and Qualcomm did not immediately respond to requests for comment.
Reuters reported in February that SpaceX had plans to develop a mobile device connected to its Starlink satellite internet constellation that could rival smartphones.
Musk said in January that a Starlink phone was "not out of the question at some point," adding that such a device would be very different from current phones.
Last month, Microsoft (MSFT.O), opens new tab unveiled a prototype AI-powered badge device for workers featuring Qualcomm wearable chips, pitching it as an always-connected assistant that uses AI agents, voice, a touchscreen and a camera to help users complete tasks.
Reporting by Akash Sriram in Bengaluru; Editing by Maju Samuel
Our Standards: The Thomson Reuters Trust Principles., opens new tab
ToplineSpaceX CEO Elon Musk called a recent report the company showed investors a prototype handheld, iPhone-like device designed for interacting with artificial intelligence systems “utterly false”—although reports have continued indicating the company may be trying to expand its retail offerings.
A report indicated the company was showing a prototype handheld AI device to investors.
VCG via Getty Images
Key FactsAccording to a report in the Wall Street Journal, SpaceX showed some investors a prototype similar to an iPhone but “slimmer,” which would run on SpaceX’s proprietary operating system.
The device would also use AI technology from xAI, which SpaceX absorbed in February, and use chips from Qualcomm, the Journal reported citing people familiar with the matter.
However, the device is reportedly still in a prototype phase—no name for the object has been reported, and it is unclear if it will ever be released to the public.
Musk rejected the report outright, responding to commentary about the device on X by calling it “utterly false.”
The SpaceX chief has frequently pushed back against reports about the company developing an iPhone-like competitor—flatly stating “we are not developing a phone” after a similar report from Reuters in February.
SpaceX did not immediately respond to a request for comment from Forbes.
TangentSpeculation about a possible mobile device from SpaceX comes as the company reportedly plans to expand its business into retail mobile phone service. Chief operating officer Gwynne Shotwell told investors the company was considering plans to offer a terrestrial mobile phone service, the Financial Times first reported last week. The same day, Bloomberg reported the company was in talks with Charter Communications about a partnership to use the internet provider’s ground infrastructure for its phone traffic. SpaceX already partners with T-Mobile to provide direct to cell satellite phone service using its Starlink satellites.
Crucial Quote“SpaceX has a long way to go before successfully manufacturing a consumer device at scale and competing against the leading platforms,” analysts at Vital Knowledge wrote after the report on Wednesday. “Musk-led companies are given a massive benefit of the doubt when it comes to product promises (which translates into enormous valuation premiums at SPCX and TSLA based on products that are more ideas than reality), but it’s hard to imagine SpaceX becoming a force in consumer electronics.” SpaceX’s stock price is on a downswing Wednesday, having dropped 7.3% as of around 3:30 p.m. EDT. The slump drove Musk’s net worth down by more than $50 billion, eliminating his status as a trillionaire.
Space Exploration Technologies (SPCX 7.80%) will join the Nasdaq-100 on July 7, after Nasdaq adjusted its rules to provide a "Fast Entry" option for eligible companies. Funds that track the Nasdaq-100, including the Invesco QQQ Trust, will need to buy SpaceX stock after market close on July 6.
JPMorgan estimates that this could drive $4.3 billion in passive inflows into SpaceX. Considering SpaceX has a tiny float -- only about 4% -- that kind of investment may push the price up. Should you buy before then to take advantage?
Image source: Getty Images.
There are a few problems with this strategy. Any boost SpaceX gets will be temporary and unrelated to its long-term value. It could pull back just as quickly, in which case you don't come out ahead unless you take your profits immediately. This is trading, and it's much riskier and far less effective for building wealth than investing.
Also, most investors who follow SpaceX know when it's joining the Nasdaq-100. It's a good bet that plenty of people will buy the stock in anticipation of its index inclusion, which could lead to a much smaller bump than expected, or none at all.
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It only makes sense to buy SpaceX if you think it's a good investment. While this space stock has potential, it's extremely risky and volatile. This is a company worth over $2 trillion as of June 30, despite losing $4.9 billion last year. Numbers like that matter much more than inclusion in the Nasdaq-100, and they're one of the reasons you may be better off waiting to invest in SpaceX.
JPMorgan Chase is an advertising partner of Motley Fool Money. Lyle Daly has positions in Invesco QQQ Trust. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.
Apple (AAPL, Financials) is facing new pressure in Russia after the country's antitrust regulator accused the company of discriminating against local search eng
Apple’s Hide My Email feature is a convenient privacy tool that uses disposable addresses to hide a user’s true email for the sake of online anonymity. Unfortunately, new research appears to show that a bug in the feature allows users’ real email addresses to be unmasked.
The bug was reported by 404 Media, which says that it has tested and verified that the vulnerability exists. Tyler Murphy, the researcher who found the bug, said that he warned Apple about the problem over a year ago and that it was unclear why the company had yet to remedy the problem. All of the attempts to exploit the bug have been successful, Murphy added.
“We don’t know the full scope of the issue, but in our limited tests with volunteers, 100% of Hide My Email addresses were exploitable,” Murphy told the outlet. Details of the vulnerability haven’t been publicly disclosed, for fear that it will be exploited.
Murphy is the co-founder of EasyOptOuts, which offers a paid data-removal service that takes your information off of data broker sites. He told 404 Media that “publicly accessible people-search sites make it easy to link an email address to other personal details, so people relying on Hide My Email for safety may be at risk.”
TechCrunch reached out to Apple for more information and will update this story if it responds.
When it comes to the tech world, privacy tools are hard to come by and, unfortunately, even when they do exist, they don’t always work. Apple has been accused of this sort of thing before.
Case in point: The company was sued in 2022 after it was reported that iPhone apps continued to send analytics data to Apple even when the iPhone Analytics privacy setting was turned on.
Similarly, in 2023, researchers found another one of Apple’s privacy features to be effectively “useless.” The research claimed that a tool that was supposed to anonymize mobile users’ Wi-Fi connections by providing randomized MAC addresses (an easily trackable identifier) was simply exposing the user’s real MAC address.
Apple has built a large part of its reputation and branding on user privacy, so hopefully it manages to address the apparent Hide My Email bug with some expedience. If it can learn to better stand behind its privacy promises, that wouldn’t be the worst thing in the world either.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Lucas is a senior writer at TechCrunch, where he covers artificial intelligence, consumer tech, and startups. He previously covered AI and cybersecurity at Gizmodo. You can contact Lucas by emailing [email protected].
Key Takeaways Meta shares rallied Wednesday following a report that the company is considering launching a business to sell excess compute capacity.The move could put Meta in competition with cloud services from Microsoft, Alphabet, and Amazon. Get personalized, AI-powered answers built on 27+ years of trusted expertise.
Meta's stock is soaring on signs it could be on the verge of launching a new business.
Meta Platforms (META) shares were up 10% recently, making it one of the best-performing stocks in the S&P 500 Wednesday, following a report that it aims to launch a cloud computing business. Meta has created an internal initiative called "Meta Compute" to manage the massive amounts of compute the company is acquiring, and is considering selling excess capacity, according to a Bloomberg report.1
The social media giant is also considering building a business selling access to AI models from several companies hosted through its existing AI infrastructure, akin to Amazon Web Services' offerings through the Bedrock platform, Bloomberg reported. Meta declined to comment on the report.
Such an operation could bring the Facebook and Instagram parent in competition with cloud services from Alphabet's (GOOGL) Google Cloud, Microsoft's (MSFT) Azure, and Amazon's (AMZN) AWS.
Why This Matters to Investors The move could also help Meta soothe concerns about its massive spending plans to build out its AI infrastructure.
Meta CEO Mark Zuckerberg said at Meta's annual investor day back in May that "almost every week" Meta's partners ask them about a business to sell compute or model access. At the time, he said Meta had not yet pursued selling its compute because the company expected to have a use for all of it, but said it could be an option if Meta gets to "a point where we feel that we have overbuilt," per an AlphaSense transcript.
Shares of so-called "neocloud" companies CoreWeave (CRWV) and Nebius Group (NBIS) tumbled to lead decliners in the Nasdaq 100 following the news, dropping about 11% and 14%, respectively.
Even with Wednesday's rally, Meta shares are down about 6% year-to-date, after a slump amid concerns about its AI progress and the scale of its investments.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) shares rose nearly 10% to $619.44 after a report that the company is building a cloud business to sell its excess AI computing capacity.
Bloomberg News, citing people familiar with the matter, said the move could reduce Meta's reliance on advertising and set it against the three firms that dominate cloud infrastructure. For a company that still draws almost all its revenue from ads, that would mark a significant widening of the base.
What Meta is weighing
One option under review is letting customers tap AI models hosted on Meta's own infrastructure. That would resemble Amazon Web Services' Bedrock platform, which sells access to a menu of models on a pay-as-you-go basis.
The idea is not new inside the company. Zuckerberg flagged it at Meta's annual shareholder meeting in May, saying it was "definitely on the table." He said other companies approach Meta almost every week asking to buy access to its models or spare capacity at a premium.
Selling that access would become a live option, he added, if Meta reached a point where it had overbuilt its data-centre capacity.
A hedge against overbuilding
That framing matters. It positions a cloud business less as a bold pivot than as a use for capacity Meta may otherwise leave idle. The company is pouring money into data centres, and a resale market would let it recoup some of that outlay rather than strand it.
The spending numbers behind the strategy are large. Big Tech firms are expected to spend more than $700 billion on AI infrastructure this year, up from around $400 billion in 2025. At that scale, even a modest overbuild leaves a lot of expensive silicon looking for work.
Taking on the incumbents
The move would push Meta into a contest with Amazon, Microsoft and Alphabet, the three companies that have spent a decade building the cloud market. None will cede ground easily, and Meta would arrive as a challenger rather than an equal.
The prize is a revenue stream that does not rise and fall with the advertising cycle. That is the real draw. Meta's ad business is vast but exposed to economic swings and platform shifts, and a cloud arm would give it something steadier to lean on.
Meta shares jumped nearly 10% Wednesday following a report the company is planning to sell excess computing power, allowing it to recover some of the billions of dollars it has sunk into AI.
The Menlo Park, Calif.-based tech giant, which has rushed to secure pricey data centers and chips, is building a new cloud business to sell access to its AI models and compute, according to Bloomberg.
It’s welcome news for investors, who have grown anxious over whether Meta will be able to deliver returns on the hundreds of billions of dollars it has spent to build up a trove of coveted computing power, with a goal of developing “superintelligence.”
Meta CEO Mark Zuckerberg has insisted that it’s crucial for Meta to build up as much computing capacity as possible. AP Photo/Alex Brandon Meta declined to comment.
The new cloud business would allow Meta to generate revenue on any leftover capacity, while setting it up to compete with industry leaders like Amazon, Microsoft, Google, CoreWeave and SpaceX.
Meta is debating whether the cloud business should be structured to sell access to its own AI models, or to raw computing power itself, according to the report, which noted that plans could change.
If it decides to sell access to AI models on its own infrastructure, it would be taking a similar approach to Amazon – running the data centers and chips that power the bots and then charging customers fees to access them.
Elon Musk’s SpaceX – which took over his artificial intelligence firm xAI in February – has adopted a similar approach, striking lucrative rental deals with Anthropic and Google for access to its huge Memphis data center.
Anthropic agreed to pay $1.25 billion a month, while Google signed off on a $920 million monthly fee.
Meta could alternatively choose to sell access to its computing capacity, similar to CoreWeave’s business model.
The Menlo Park, Calif.-based tech giant is reportedly building a new cloud business to sell access to its AI compute. Anadolu via Getty Images OpenAI kicked off the race to amass large amounts of computing capacity in 2022 with the launch of its ChatGPT bot, as developers recognized that there was a limited amount of power despite skyrocketing demand.
In April, shares in Meta slid after the company raised its spending forecast to $145 billion amid mounting fears that AI stocks are overvalued, similar to the “dot-com bubble” of the early 2000s.
Meta CEO Mark Zuckerberg has repeatedly insisted that it’s crucial for the company to build up as much computing capacity as possible and consider its use later, since supply is limited – but in May, he signaled an openness to selling excess power.
“It’s definitely on the table,” Zuckerberg said at the annual shareholder meeting. “Almost every week there are different companies that come to us from the outside asking us to both stand up an API service or asking if we have compute that they could buy from us at some premium to what we’ve bought it at.”
The new cloud business would allow Meta to generate revenue on any leftover capacity. Hans Lucas/AFP via Getty Images “We haven’t done that yet because we think we have a use for the compute,” he added. “But obviously if we get to a point where we feel that we have overbuilt, then that is an option that we have, and that is partially what gives us confidence in investing in building this out.”
Last summer, Meta paid a whopping $15 billion to hire AI brainiac Alexandr Wang and take a 49% stake in his startup, Scale AI.
The company released its first AI model under Wang’s lead in April – though the model, called “Muse Spark,” did not live up to hopes for a state-of-the-art bot.
Wang has defended the model, saying it should serve as an “appetizer” while Meta is “cooking” up the main course.
WhatsApp recently began offering usernames, designed to help people connect while keeping their phone numbers private.
Now, the Meta-owned company said it will allow high-profile names to be claimed only by legitimate owners as it tries to prevent impersonation on the messaging platform, Bloomberg News reported Wednesday (July 1).
The username feature was introduced Monday (June 29), when Meta began letting customers reserve a unique handle for launch later in the year.
“Usernames are our latest step to make WhatsApp even more private. There’s no directory to browse and no suggestions—people will need to know your exact username to contact you for the first time,” the company wrote in its announcement.
According to the Bloomberg report, the move is facing scrutiny from India’s government, which is expected to call on WhatApp to explain the implications of the feature. Meta told Bloomberg it has built several layers of protection against scams into WhatsApp’s usernames offering.
“Other users need to know the exact username to message you, we will limit how many new people an account can contact, block repeated attempts to guess someone’s username key, and have systems to detect and remove activity showing common impersonation and abuse patterns,” the company said.
Bloomberg noted that India represents the largest market for WhatsApp with upwards of 600 million users, meaning any serious government pushback can hinder the global rollout of the username feature.
This is happening at a time when scammers are increasingly using social media channels to target their victims. Findings by the Federal Trade Commission (FTC) released in April showed that nearly 30% of people who reported losing money in a scam last year say that the scam began on social media.
“Scammers may hack a user’s account, exploit what a user posts to figure out how to target them, or buy ads and use the same tools used by real businesses to target people by age, interests or shopping habits,” the commission said.
The FTC’s data are in line with PYMNTS Intelligence research which showed that digital communication channels are among the most common ways cybercriminals make their first contact with financial scams victims.
Meta introduced a series of artificial intelligence-powered anti-scam tools for WhatsApp, Facebook and Messenger earlier this year.
In the case of WhatApp, that meant a warning system that alerts users of potentially suspicious device-linking requests, aimed at preventing scams where fraudsters try to dupe WhatsApp users into connecting their account to another device.
