Viking Holdings Posts Strong Q1, Eyes Growth Ahead
MarketBeat· 2025-05-20 21:19
Viking Holdings Inc. NASDAQ: VIK is a relative newcomer to investors. The cruise line, known for its longships and child-free cruises, completed its initial public offering (IPO) in April 2024. The company just reported its first-quarter earnings for 2025. The results show a company that’s maturing, and the stock chart may confirm future growth even at a premium valuation. Viking TodayVIKViking$44.64 -2.44 (-5.18%) 52-Week Range$28.62▼$53.14P/E Ratio171.69Price Target$46.89Add to WatchlistThe first quarter ...
Musk says Tesla's self-driving tests will be geofenced to ‘the safest' parts of Austin
TechCrunch· 2025-05-20 21:14
Core Insights - Tesla is set to begin its robotaxi service trials in Austin, Texas, next month, focusing on specific areas deemed "the safest" by the company [1] - The company will implement a geofence strategy, limiting the robotaxi operations to certain locations, marking a shift from Musk's previous claims of a general-purpose self-driving solution [2][3] - Initial operations will involve around 10 Model Y SUVs equipped with "unsupervised" Full Self-Driving software, monitored remotely by Tesla employees [4] Group 1 - The robotaxi service will initially be restricted to specific safe areas in Austin, Texas [1] - Tesla's approach includes a geofence, indicating a significant change in strategy from earlier claims of universal self-driving capabilities [2] - The company plans to monitor the initial fleet remotely, starting with a small number of vehicles to ensure safety before scaling up [4] Group 2 - Musk emphasized a cautious approach, stating that the vehicles will avoid intersections unless there is high confidence in their performance [2] - The use of remote monitoring aligns with practices seen in other autonomous vehicle companies, such as Waymo, which also employs operational centers for oversight [5]
Krispy Kreme, Inc. Investor Notice: Robbins LLP Reminds Stockholders of the Class Action Lawsuit Against DNUT
GlobeNewswire News Room· 2025-05-20 21:11
Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who purchased Krispy Kreme, Inc. (NASDAQ: DNUT) securities during a specified period, alleging that the company misled investors regarding its partnership with McDonald's and the subsequent decline in demand for its products [1][2]. Allegations - The lawsuit claims that Krispy Kreme failed to disclose significant issues, including a material decline in demand for its products at McDonald's locations after the initial marketing launch [2]. - It is alleged that this decline in demand contributed to a decrease in average sales per door per week and that the partnership with McDonald's was not profitable [2]. - The complaint also states that these factors posed a substantial risk to the continuation of the partnership and led to a pause in expansion into new McDonald's locations [2]. Financial Results - On May 8, 2025, Krispy Kreme reported its first quarter 2025 financial results, revealing net revenue of $375.2 million, which represents a decline of 15.3% compared to the previous year [3]. - The company also reported a net loss of $33.4 million, a significant increase from the prior year's net loss of $6.7 million [3]. - Following the release of these results, Krispy Kreme announced it would reassess its deployment schedule with McDonald's and withdraw its previous full-year outlook due to uncertainties surrounding the partnership [3]. Class Action Participation - Shareholders interested in participating in the class action as lead plaintiffs must file their papers with the court by July 15, 2025 [4]. - It is noted that shareholders do not need to participate in the case to be eligible for any potential recovery [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders will not incur any fees or expenses unless there is a recovery [5].
Maple Leaf Foods Reaffirms Board Diversity Commitment
Prnewswire· 2025-05-20 21:11
Core Viewpoint - Maple Leaf Foods reaffirms its commitment to diversity on its Board of Directors, aiming to maintain at least 30% representation of women, despite a temporary drop to 27% [1][2]. Group 1: Board Diversity Commitment - The Company has historically maintained a minimum of 30% women on its Board of Directors [1]. - Currently, the representation of women on the Board is at 27%, but the Company is committed to adding another woman director by or before the 2026 annual meeting of shareholders [1]. Group 2: Company Overview - Maple Leaf Foods is a leading protein company that produces food products under various brands, including Maple Leaf®, Schneiders®, and LightLife® [3]. - The Company employs approximately 13,500 people and operates primarily in Canada, the U.S., and Asia [3]. - Maple Leaf Foods is headquartered in Mississauga, Ontario, and its shares are traded on the Toronto Stock Exchange under the ticker MFI [3].
NASDAQ Index, SP500, Dow Jones Forecasts – Six-Week Surge Stalls as Traders Watch for Catalyst to Extend Gains
FX Empire· 2025-05-20 21:09
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your ...
ROSEN, GLOBAL INVESTOR RIGHTS COUNSEL, Encourages Zenas BioPharma, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – ZBIO
GlobeNewswire News Room· 2025-05-20 21:09
Core Viewpoint - Rosen Law Firm is reminding investors of Zenas BioPharma, Inc. about a class action lawsuit related to the company's IPO, with a lead plaintiff deadline set for June 16, 2025 [1][3]. Group 1: Class Action Details - Investors who purchased Zenas BioPharma securities may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lawsuit alleges that the Registration Statement contained false or misleading statements regarding the company's financial situation, specifically overstating the duration it could fund operations with existing cash and IPO proceeds [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [4].
Metallus Promotes Kristopher R. Westbrooks to President and Chief Operating Officer; Appoints John M.
Prnewswire· 2025-05-20 21:00
CANTON, Ohio, May 20, 2025 /PRNewswire/ -- Metallus (NYSE: MTUS), a leader in high-quality specialty metals, manufactured components and supply chain solutions, today announced that Kristopher R. Westbrooks has been promoted to the newly created role of president and chief operating officer and John M. Zaranec III has been appointed as the company's executive vice president and chief financial officer, effective June 16, 2025. Both executives will report directly to Mike Williams, Metallus' chief executive ...
First Busey Corporation Closes Depositary Share Offering
GlobeNewswire· 2025-05-20 21:00
LEAWOOD, Kan., May 20, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (Nasdaq: BUSE), the holding company for Busey Bank and CrossFirst Bank, today announced the closing of its previously announced underwritten public offering of 8,600,000 depositary shares (inclusive of 600,000 depositary shares offered in connection with the partial exercise of the underwriters’ over-allotment option), each representing a 1/40th ownership interest in a share of its 8.25% Fixed Rate Series B Non-Cumulative Perp ...
Intrepid Metals Completes Tombstone Amendment
Newsfile· 2025-05-20 21:00
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") announces that it has closed its previously announced amendment to the option agreement dated April 20, 2021 with New Empire Exploration LLC (the "Vendor") to acquire a 100% interest in the Tombstone South Property ("Tombstone") located in Arizona. The amendment provides for an extension to complete the required US$1,500,000 work commitment that is due May 2025 to M ...
ROSEN, NATIONAL INVESTOR RIGHTS COUNSEL, Encourages NAPCO Security Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NSSC
GlobeNewswire News Room· 2025-05-20 20:59
NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of NAPCO Security Technologies, Inc. (NASDAQ: NSSC) between February 5, 2024 and February 3, 2025, both dates inclusive (the “Class Period”), of the important June 24, 2025 lead plaintiff deadline. SO WHAT: If you purchased NAPCO securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee a ...