Denny Jacob

Hovnanian sees resilient demand for new homes, putting it at odds from a market that's losing some steam. CEO Ara Hovnanian says demand is resilient despite the higher-for-longer mortgage rate environment, backing up the claim by noting that certain metrics including website visits and foot traffic in the homebuilder's communities continues to be strong.

Penn Entertainment shares jumped after activist Donerail Group called for the sale of the company. + Penn could be worth between $5.9 billion and $6.9 billion, said Will Wyatt, managing partner at Donerail, in a letter to the company. + He cited factors supporting a sale including the financial stability, scale and diversified geographic revenue base of Penn's regional casino portfolio.

The company’s stock price has been on a roller-coaster recently following the resurfacing of meme-stock investor Keith Gill, also known as “Roaring Kitty.”

GameStop unexpectedly released first-quarter earnings Friday as the recent re-emergence of meme-stock influencer “Roaring Kitty” reignites interest in the stock.

FedEx's latest round of layoffs moves initiatives under Network 2.0 to the next stages, says Jonathan Chappell, senior managing director at Evercore ISI. FedEx is reducing its headcount in Europe by as many as 2,000 people as it continues its cost-cutting efforts. First unveiled in 2022, Network 2.0 is a multi-year effort aimed at improving how FedEx picks up, transports and delivers packages.

Grindr is planning to add several new features to its app. The additions include using AI to identify users with shared interests.

The new private placement follows $3.5 billion in backing the acquisition-focused business raised last month.

GE Aerospace raised its outlook after quarterly results beat Wall Street estimates, pointing to strong demand for its commercial engines and services. The maker of jet engines reported an 18% jump in orders from a year earlier to $11.2 billion. Here’s a look at GE Aerospace’s second-quarter results and its outlook for the full year: + Revenue rose nearly 4% from a year earlier to $9.09 billion.

GE Aerospace raised its outlook after quarterly results beat Wall Street estimates, pointing to strong demand for its commercial engines and services. The maker of jet engines reported an 18% jump in orders from a year earlier to $11.2 billion. Here’s a look at GE Aerospace’s second-quarter results and its outlook for the full year: + Revenue rose nearly 4% from a year earlier to $9.09 billion.

Charter Communications’ shares surged after the cable company’s quarterly sales topped Wall Street’s estimates. Shares jumped 16% to $365.87, putting them on pace for their largest percentage increase on record. The stock was recently the top performer in the Nasdaq 100 and third -best performer in the S&P 500.