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• The company won a $500 million U.S. Army counter-drone contract.
• A securities research firm maintained its Buy rating while raising its price target to $212.
1. NFP: June Payrolls +57K, Massive Miss vs 110-115K Forecast; Unemployment Ticks to 4.2%; April and May Revised Down 74,000 Combined; Leisure and Hospitality -61K
• The ISM Manufacturing PMI fell to 53.3 percent in June from 54.0 percent in May, marking a sixth straight month of expansion.
• The Federal Reserve's 2025 triennial payments study found total noncash payments reached 236.6 billion in 2024.
• US construction spending rose 0.1 percent month-over-month in May to a seasonally adjusted annual rate of 2,210.2 billion dollars.
• OpenAI has proposed handing the U.S. government a 5 percent equity stake, according to a Financial Times report citing people familiar with the talks.
• Federal Reserve Chair Kevin Warsh said inflation risks have eased in recent weeks while reaffirming commitment to the 2 percent target.
US equity markets ended lower on Wednesday as investors questioned the durability of the AI-led rally. The S&P 500 slipped 0.2%, while the Nasdaq 100 declined 1.5% amid heavy selling in semiconductor stocks. Micron Technology fell 10.6%, AMD dropped 6.9%, and Intel lost 9% …
• The stock jumped over 61% in after-hours trading following the announcement.
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