GE Aerospace (NYSE:GE) shares climbed Monday after the company announced a breakthrough in hybrid-electric aviation, demonstrating the first flight of its kind above 30,000 feet in collaboration with NASA, BETA Technologies, Inc. (NYSE:BETA), and Boeing Co (NYSE:BA). The longest hybrid-electric…
SpaceX’s Massive Valuation Drop SpaceX (NASDAQ:SPCX) plunged in value, losing approximately $283 billion last week, overshadowing Boeing Co.‘s (NYSE:BA) entire market cap of $169 billion. SPCX has faced increased bearish pressure, with short sellers ramping up bets against the company as its stock…
Intel Corp. (NASDAQ:INTC) stock rose about 5% on Monday as investors returned to semiconductor and large-cap technology stocks in a broader risk-on market. Investors may also be positioning ahead of Intel’s second-quarter earnings report, scheduled for July 23. The Nasdaq…
U.S. stocks were mixed, with the Nasdaq Composite gaining around 150 points on Monday. Shares of AMC Entertainment Holdings Inc (NYSE:AMC) rose sharply after the company reported better-than-expected second-quarter financial results. AMC reported quarterly earnings of 14 cents per share…
Bristol Myers Squibb Co (NYSE:BMY) is significantly upgrading its computational capabilities by deploying an NVIDIA Corp. (NASDAQ:NVDA) DGX SuperPOD equipped with DGX Vera Rubin NVL72 systems. The strategic deployment establishes the most robust and energy-efficient single-owned artificial intelligence infrastructure currently…
Boeing Company (NYSE:BA) shares are trading higher on Monday as the aircraft maker won several contracts from major airlines. Major Aircraft Orders Strengthening Commercial Backlog Philippine Airlines committed to purchase up to 20 787 Dreamliners, including 15 firm 787-10 aircraft…
For years, Intel Corp‘s (NASDAQ:INTC) rivalry with Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) centered on manufacturing technology, process nodes and production scale. Former Intel CEO Pat Gelsinger believes investors may be overlooking another competitive advantage entirely: geography. Pat Gelsinger’s Warning…
IREN Limited (NASDAQ:IREN) shares are up on Monday, rising as high as 15%, as the company announced a significant increase in its annualized run-rate revenue forecast. This comes on the heels of securing new multi-year cloud services contracts valued at…
Yum! Brands Inc. (NYSE:YUM) is approaching a closely watched bearish technical milestone after a sharp pullback erased much of its recent rally. Chart created using Benzinga Pro The stock’s 50-day simple moving average is hovering just above its 200-day moving…
Honeywell Aerospace Inc. (NASDAQ:HONA) announced Monday that IndiGo selected its avionics, auxiliary power units and aftermarket services for 810 Airbus A320neo-family aircraft in the largest commercial equipment and service agreement in the company’s history. The deal expands Honeywell’s partnership with…