Shares of database as a service company Couchbase (NASDAQ: BASE)
jumped 31% in the afternoon session after the company agreed to be acquired by Haveli Investments in an all-cash deal valued at approximately $1.5 billion.
Shares of building materials distributor GMS (NYSE:GMS) jumped 26.2% in the afternoon session after Home Depot joined QXO in a bidding war to acquire the company.
Shares of contract logistics company GXO (NYSE:GXO)
jumped 11.3% in the afternoon session after the company provided impressive preliminary financial forecasts and raised its full-year 2025 guidance for organic revenue growth, adjusted EBITDA, and adjusted diluted EPS. This upward revision reflects better-than-expected performance (volumes and accelerated productivity gains) and anticipated gains from the Wincanton acquisition.
The company stated that the potentially impacted files include claims information, health information, Social Security numbers, and other sensitive personal details.
Shares of AST SpaceMobile are trading higher by 29% this week. The satellite-to-smartphone communications company is set to join the Russell 1000 Index on June 27.
The narrative surrounding the “dollar’s death” as the world’s reserve currency has been on the rise recently. However, this happens whenever the dollar declines relative to other currencies.
The Tesla narrative has increasingly shifted to the robotaxi, with investors likely more focused on the planned June 22 pilot launch in Austin and the company's path to scaling autonomous vehicles, according to the firm.
Let's have a look at what is happening on the US markets in the middle of the day on Friday. Below you can find the top gainers and losers in today's session.
London stocks saw a reversal Friday to post a slight decline after initially benefiting from broad gains as the U.S. postponed its decision regarding potential involvement in the Middle East conflict.
Alibaba's cloud unit plans to launch second data center in S. Korea by June to capitalize on AI demand. It aims to invest $53B over 3 yrs in AI infrastructure.
In its latest Monetary Policy Report, the central bank maintained its cautious stance on rate cuts, saying it is better to wait for more clarity on inflation and economic activity.
Fitness stocks witnessed a sharp sell-off this week, after a provision that would allow Americans to use pre-tax dollars from Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) to pay for gym memberships and fitness equipment was excluded from the Senate's budget reconciliation bill.
