6h ago
Site Centers to voluntarily delist its common shares
Site Centers (SITC) has announced it will voluntarily delist its common shares from the New York Stock Exchange. The company said the move follows its expectation that its previously announced special distribution will push its share price and market capitalization to levels that could trigger an involuntary delisting by the NYSE. Site Centers expects the delisting to take effect before the market opens on December 4, 2026. The company has not arranged for a listing or quotation of its common shares on another national securities exchange.
6h ago
10-10
AST SpaceMobile shares slide 15% to about $49 after SpaceX confirms 800 MHz spectrum purchase
AST SpaceMobile shares fell 15% to about $49 on Friday afternoon, extending a 6.13% decline in the prior session. The drop came amid an industry-wide selloff after SpaceX confirmed it agreed to buy 800 MHz of low-band spectrum from Grain Management in a deal estimated at $8 billion. AST chair and CEO Abel Avellan responded in a post on X, saying the company can deploy “critical lowband and midband spectrum that no one can match!”
10-10
10-10
Oracle shares rise about 5% as investors reassess OpenAI revenue outlook and cloud deal exposure
Oracle shares rose about 5% on Friday, recouping losses from the prior session as investors revisited concerns tied to OpenAI. The selloff followed a report that put OpenAI’s annualized revenue at roughly $50 billion, below earlier estimates of nearly $70 billion, raising questions about its ability to support a $300 billion cloud agreement with Oracle. Oracle’s latest quarterly results also helped sentiment, with revenue up 30% year over year to $19.3 billion.
10-10