8h ago
Coinbase shares jump 12% to around $194 after SEC innovation exemption, Baird says it narrows gap with Robinhood
The U.S. SEC issued an “Innovation Exemption” that allows platforms to trade certain tokenized U.S. stocks on blockchains for five years. SEC Chair Paul Atkins said the move is intended to help bring U.S. capital markets into the digital age. Baird analyst Robert Bamberger said the exemption is a positive for Coinbase, making its asset-class offerings more comparable to Robinhood’s. Coinbase shares rose 12% on Friday afternoon to around $194, though Wall Street’s average target price of $201.31 implies about 4% upside.
8h ago
8h ago
Lufthansa orders 20 more Boeing 737 MAX 10 jets, with deliveries due in the early 2030s
The Lufthansa Group has exercised purchase options for an additional 20 Boeing 737 MAX 10 aircraft, with deliveries expected in the early 2030s. The move follows Lufthansa’s 2023 agreement to buy 40 737 MAX 8 jets, adding to Boeing’s order backlog. Boeing shares are down 8.65% over the past year. Wall Street analysts have a Strong Buy consensus on BA, with 17 Buys and one Hold and an average price target of $274.67, implying 39.04% upside potential.
8h ago
8h ago
CAE posts fiscal 2027 Q1 defence revenue of $531.8 million as backlog reaches about $10.7 billion
CAE reported fiscal 2027 first-quarter results showing defence revenue rose 8.3% year over year to $531.8 million and adjusted defence operating income increased 9.1% to $50.5 million, with a defence backlog of about $10.7 billion. Total revenue increased 6.8% to $1.2 billion, while free cash flow was $104 million. The company said its net debt-to-adjusted EBITDA ratio fell to 2.3 times.
8h ago
10h ago
Delta plans more than 200 daily LAX departures and nearly 70 destinations for summer 2027
Delta Air Lines plans to lift its daily flight volume at Los Angeles International Airport (LAX) to more than 200 at the peak of summer 2027, serving nearly 70 destinations. The carrier says it will be LAX’s largest airline by flights, seats and premium seats during summer 2027. Delta also announced new routes to Monterey and Philadelphia, and plans to increase service on the Raleigh-Durham route. The airline previously invested $2.3 billion in its Sky Way project connecting Terminals 2 and 3.
10h ago