Shares of Generac Holdings (GNRC) surged on Friday after Jefferies upgraded the backup power equipment maker, citing growing momentum in AI-driven data center infrastructure demand and increasing traction for the company’s Baudouin engines among hyperscale operators. Generac shares climbed 9% after Jefferies raised its rating on the stock to Buy from Hold and increased its
Wall Street closed higher on Friday, with the Dow Jones Industrial Average reaching an intraday record high, as easing Treasury yields and optimism surrounding diplomatic efforts in the Middle East supported investor sentiment heading into the Memorial Day holiday weekend. The Dow gained nearly 295 points, or 0.59%, to close at approximately 50,580. The blue-chip
As the global financial community eagerly awaits SpaceX’s historic initial public offering (IPO) – rumoured to command some $1.7 trillion valuation on June 12 – a wave of capital is flooding into public space stocks. This unprecedented offering promises to shine a “blinding spotlight” on the entire commercial space ecosystem, resetting industry benchmarks and driving
Silicon Valley is heading toward what could become one of the most consequential listing waves in modern market history, with artificial intelligence heavyweights SpaceX, OpenAI, and Anthropic preparing to enter public markets at valuations that could redraw the hierarchy of global corporations. After several subdued years for technology listings, the expected debuts of the three
The UK’s benchmark FTSE 100 index was on track to end a four-week losing streak on Friday after a series of economic data releases weakened expectations of an immediate interest rate hike from the Bank of England. The blue-chip index rose 0.21% by 11:18 am GMT, while the midcap FTSE 250 gained 0.57%. Investors appeared
Indian drugmaker Torrent Pharmaceuticals reported a 21.9% decline in fourth-quarter profit on Friday, as acquisition-related expenses linked to its deal with JB Chemicals and Pharmaceuticals weighed on earnings despite strong revenue growth. The company posted a consolidated net profit of 3.89 billion rupees ($40.65 million) for the quarter ended March 31, compared with 4.98 billion
Shares of Estée Lauder (EL) climbed sharply on Friday after the cosmetics company and Spanish beauty group Puig Brands announced they had terminated merger discussions that could have created one of the world’s largest luxury beauty companies. Estée Lauder shares rose roughly 11% in premarket trading, putting the stock on track for its strongest single-day
Wall Street opened higher on Friday ahead of the Memorial Day holiday weekend as investors monitored ongoing diplomatic efforts surrounding the nearly three-month-long conflict in the Middle East, while easing Treasury yields and continued enthusiasm around artificial intelligence supported broader market sentiment. The Dow Jones Industrial Average rose roughly 373 points, or 0.74%, while the
Workday (NASDAQ: WDAY) stock price surged by over 10% in the pre-market session as investors bought the dip following its better-than-estimated results. It rose to $136, modestly higher than the year-to-date low of $110. Workday stock is soaring after earnings report WDAY stock has been under pressure in the past few years, moving from a
Quantum-computing stocks surged in premarket trading on Thursday after a Wall Street Journal report said the Trump administration plans to award roughly $2 billion in grants to nine quantum technology companies, marking one of the biggest government pushes yet into the emerging industry. Shares of IBM (IBM) rose about 7% before the opening bell, while