By Mike Scarcella7-Eleven has sued Nike NYSE:NKE in federal court in Texas, accusing the sportswear giant of copying the convenience store chain's signature orange, green and red stripe design on a sneaker that Nike plans to release on July 11, known as "7-Eleven Day."In its lawsuit filed on Wednes…
(15:32 GMT) *Cumberland Farms Files Registration Statement for Proposed IPO (18:08 GMT) Cumberland Farms Files for IPOBy Josh BeckermanCumberland Farms, which has more than 3,200 convenience stores, detailed its plans for an initial public offering.The Charlotte, N.C.-based company said in its fili…
Alphabet's NASDAQ:GOOG Google said on Thursday it weakened a large network of internet-connected devices that was being used to hide and route malicious online activity.The tech giant said it took action against the NetNut residential proxy network, also known as Popa, in partnership with the FBI a…
CAIDD and Cadiz Inc. execute MOU for new water supplies to support long-term water reliability in ArizonaPHOENIX and CADIZ, Calif., July 2, 2026 /PRNewswire-HISPANIC PR WIRE/ -- Central Arizona Irrigation and Drainage District ("CAIDD") and Cadiz, Inc. (NASDAQ:CDZI, CDZIP) today announced executio…
Investors sought to withdraw less money from two of Blue Owl Capital's flagship private-credit funds in the second quarter, providing early signs that redemption pressures across the sector may be beginning to moderate after months of elevated withdrawals.The New York-based alternative asset manage…
Tesla NASDAQ:TSLA on Thursday launched a six-seater version of its best-selling Model Y in the U.S. and Puerto Rico.
(18:05 GMT) Verastem Price Target Maintained With a $18.00/Share by BTIG
By Patrick GeorgeA Texas man faces manslaughter charges after the Tesla he was driving crashed into a Houston-area home in June, killing a woman inside.Michael David Butler, 44, claimed to law-enforcement officials that his 2025 Tesla Model 3 was operating with its semiautonomous Full Self-Driving…
(18:04 GMT) Zoom Communications Price Target Maintained With a $130.00/Share by Needham
WASHINGTON (dpa-AFX) - The European Union's highest court on Thursday dismissed Google's appeal against a multi-billion euro antitrust penalty, upholding a €4.125 billion fine for abusing its dominant position through the Android mobile operating system.The Court of Justice of the European Union co…
Adobe NASDAQ:ADBE rose 2.62% in premarket after HSBC upgraded the software maker to Buy from Hold and raised its price target to $308 from $282, saying investor concerns about generative AI disrupting Adobe's core business have become excessive. The bank pointed to Q2 revenue growth of 12.7% year-o…
Apple Inc. (AAPL, Financials) is reportedly planning at least five new iPhone models between the second half of 2026 and the first half of 2027 as it prepares for a larger product cycle.The company has asked suppliers to prepare for about 10 million foldable iPhones, up from an earlier plan of 7 mi…
Stanley Black & Decker, Inc. SWK has been benefiting from strong momentum in the Engineered Fastening segment, driven by persistent strength across the aerospace market. The aerospace business continued its strong trajectory and generated 31% organic growth in the first quarter of 2026.The company…
Shares of ClearOne (CLRO) skyrocketed on Thursday after the company announced a reverse merger agreement with Vivani Medical’s (VANI) unit Cortigent.At the time of writing, CLRO stock was up more than 170%.Why Is CLRO Reverse Merging With Cortigent?ClearOne used to be in the communications equipmen…
Tesla Inc NASDAQ:TSLA:
Centrus Energy, through its subsidiary American Centrifuge Operating, entered into a fixed-price contract with the United States Department of Energy to establish new domestic HALEU enrichment capacity at its Piketon, Ohio facility. The $900 million contract, paid via performance milestones, includ…
AI and memory-related stocks traded lower Thursday after a sharp selloff in Asian semiconductor shares rattled investors.South Korea's Kospi Index dropped nearly 8%, weighed heavily by steep declines in memory giants SK Hynix (HXSCL) and Samsung Electronics (SSNLF). SK Hynix plunged almost 15%, whi…
Tesla NASDAQ:TSLA may be drawing fresh retail attention after closing at $420.60 on Tuesday, the first time its closing price has featured the long-running Musk-linked number since the company went public 16 years ago. Vanda Research data cited by global macro strategist Viraj Patel show Tesla's fi…
Technology analyst Dan Ives is departing Wedbush after eight years to establish a new merchant banking firm that will combine equity research, strategic advisory, capital raising and investment services, according to a Wednesday interview with CNBC.The new venture is expected to be formally introdu…
Nvidia NASDAQ:NVDA said it has entered revenue-sharing agreements with AI cloud providers to expand deployment of large-scale AI factories, creating a recurring revenue model tied to customer usage.The new framework enables cloud providers to offer AI computing services through Nvidia's DSX AI fact…
