Stock Market News — page 26

Energy Fuels announced plans to buy VAC for about $1.9 billion, a move seen as expanding its footprint in Western rare earth and magnet supply chains, triggering a reaction in Energy Fuels' stock.

Korn Ferry reported Q4 fee revenue of $759.8 million and adjusted EPS of $1.40, beating estimates and topping the year-ago quarter, as the consulting firm logged a fifth straight quarter of top-line growth led by professional search and interim staffing.

CVR Energy promoted CFO Dane Neumann to president and CEO of the refiner and its fertilizer affiliate CVR Partners, effective June 18, after Mark Pytosh resigned for personal reasons; Neumann, a long-time insider, signaled a focus on operational continuity.

Accenture raised its fiscal 2026 share-repurchase program by $2 billion to a total of $7.5 billion — a 62% jump year-over-year — saying its shares don't reflect the company's strength; the stock rose about 2% after a post-guidance selloff.

Qualcomm is reportedly in advanced talks to buy AI-infrastructure software startup Modular at about a $4 billion valuation — more than double its prior funding mark — in another step in CEO Cristiano Amon's push into data centers, though no deal is finalized.

JPMorgan upgraded IBM to overweight and raised its target to $291, arguing the market underestimates the durability of its higher-margin software business, as a White House shout-out to IBM's CEO added to a premarket bounce.

NHTSA opened a special crash investigation into a fatal June incident in Katy, Texas, where a Tesla Model 3 crashed into a home and killed a woman inside after the driver said its automated system was engaged — adding to scrutiny of Tesla's driver-assistance tech amid a 3.2-million-vehicle recall probe.

Heineken named JDE Peet's chief Rafael Oliveira as its next CEO, an outsider hire effective October 1 pending shareholder approval, tasked with reversing a slump in beer sales; shares rose about 2% as analysts welcomed the pick.

Tech-led declines spread from a negative Wall Street session to global markets, with chipmakers among the hardest hit as rate concerns and AI valuation fears weigh on sentiment.

Tech-led declines in U.S. futures weigh on broader markets, with reports of Alphabet and SpaceX losses; spillover appears to extend to South Korea as a risk-off mood broadens

FirstCash Holdings to buy Ramsdens Holdings for about GBP 206 million, triggering a sharp rally in Ramsdens’ stock and signaling a strategic shift for the pawnbroking and retail group

SpaceX’s share decline after its IPO and bond sale sparked discussions about valuation, market impact on crypto, and whether the rally has room to run.

SpaceX has sealed an AI computing agreement with Reflection AI, signaling a deeper foray into artificial intelligence infrastructure according to reports from Nasdaq and Investing.com.

Senate is preparing to advance a broad housing package aimed at limiting private-equity purchases of single-family homes to boost supply and affordability, with analysts noting it will take time to meaningfully affect the market.

Super Micro Computer advances as multiple outlets report favorable attention from an equity analyst, prompting renewed investor interest.

Meta Platforms' WhatsApp leadership is changing hands, with Will Cathcart stepping down and Indian fintech founder Kunal Shah set to take the helm, according to CNBC and Investing.com reports

Chevron’s unit and Microsoft have agreed to build a 2.67-gigawatt natural gas plant in West Texas to power a Microsoft data center project, according to reports from Nasdaq and Investing.com.

SpaceX’s public listing coincides with a $60 billion Cursor AI deal and a claimed $28.5 trillion total addressable market, fueling a week of notable market activity for the newly public company.

BitFuFu Inc. gains approval to repurchase up to $5 million of its Class A shares, lifting its stock on the buyback news

CRH to acquire Arcosa, with cash offer of $150 per share, a deal valued around $8 billion according to reports.

Analysts weigh Broadcom and Marvell as AI stock options, while MarketWatch notes Alphabet and Microsoft as comparatively safer bets in the AI race

Indian equities retraced after a five-day winning streak, with the Nifty 50 modestly higher and gains led by technology, healthcare and energy shares, according to multiple outlets.

Tesla shares slid as Jefferies warned its robotaxi and humanoid push would initially weigh on profits ahead of July 22 results, while Wolfe Research flagged a disappointing autonomy ramp — refocusing the market on the unproven AI bets that underpin Tesla's valuation.

Take-Two shares have rallied as Rockstar confirmed Grand Theft Auto VI pre-orders open June 25 ahead of a November 19 release, putting a firm date on what analysts expect to be one of the biggest entertainment launches ever — though the stock's run-up leaves room for disappointment.

Micron reports fiscal Q3 results on June 24, with guidance near $33.5 billion in revenue and roughly 81% gross margins as a high-bandwidth-memory boom for AI reshapes the business — a print widely seen as a key test of whether the memory supercycle is structural or cresting.

Following a blockbuster IPO that pegged SpaceX near a $2 trillion valuation, the stock eased in the two days of trading after a strong debut rally, with investors parsing the post-IPO move and broader market impulses.

Lisi shares rose after Berenberg initiated coverage with a Buy rating, citing a positive long-term outlook as investors weigh defense and tech-market dynamics highlighted by defense and space industry coverage.

Charles Schwab is preparing to launch S&P 500 prediction markets offering yes-or-no wagers on the index closing above or below a target price, according to WSJ reports

Kroger shares dropped by high single digits after its quarterly results showed price cuts boosting sales but squeezing earnings, sliding toward $59 even as the grocer affirmed its full-year outlook — highlighting the margin trade-off facing supermarkets amid fierce competition and value-seeking shoppers.

Carnival is set to report fiscal Q2 results in the coming days on record booking momentum — with about 85% of 2026 sailings booked at high prices and record customer deposits — but higher fuel costs from the Middle East energy shock and Gulf itinerary disruptions could weigh on margins.