latest news in companies

AST SpaceMobile Shares Slide Following Announcement of $1 Billion Capital Raise

AST SpaceMobile Shares Slide Following Announcement of $1 Billion Capital Raise

Midland, Thursday, 12 February 2026.
Stock dropped 11% as the company seeks $1 billion via convertible notes to restructure debt and scale operations, overshadowing the successful deployment of its next-generation BlueBird 6 satellite.

Stellantis Issues Critical 'Do Not Drive' Order for 225,000 Older US Vehicles

Stellantis Issues Critical 'Do Not Drive' Order for 225,000 Older US Vehicles

Detroit, Thursday, 12 February 2026.
On February 11, 2026, Stellantis issued a severe “Do Not Drive” warning for approximately 225,000 older Dodge, Chrysler, Jeep, and Ram vehicles across the United States. This directive addresses the critical danger posed by defective Takata airbag inflators, which risk exploding and projecting metal shrapnel upon deployment—a defect already linked to 28 deaths nationally. Despite the automaker having successfully repaired 95% of the affected fleet over the last decade, this urgent move underscores the persistent operational and safety liabilities associated with the massive Takata recall. Owners of specific 2003–2016 models are advised to cease vehicle operation immediately, as the chemical propellant in these aging inflators degrades dangerously over time, significantly increasing the risk of fatal rupture.

Nuveen to Acquire Schroders for $13.5 Billion, Ending 222 Years of Independence

Nuveen to Acquire Schroders for $13.5 Billion, Ending 222 Years of Independence

London, Thursday, 12 February 2026.
This $13.5 billion deal creates a $2.5 trillion asset management powerhouse, significantly marking the end of 222 years of independence for the historic British firm.

BMW Issues Global Recall for Over 500,000 Vehicles Due to Engine Fire Risks

BMW Issues Global Recall for Over 500,000 Vehicles Due to Engine Fire Risks

Munich, Thursday, 12 February 2026.
BMW recalls 575,000 vehicles globally, including Toyota Supras, as worn starter motors pose a fire risk. Owners are urged to avoid leaving running cars unattended.

Cisco Surpasses Q2 Estimates with AI Momentum, Yet Shares Stumble

Cisco Surpasses Q2 Estimates with AI Momentum, Yet Shares Stumble

San Jose, Wednesday, 11 February 2026.
Despite beating Wall Street estimates with $15.3 billion in revenue and securing $2.1 billion in AI infrastructure orders, Cisco shares slipped. The market’s counterintuitive reaction signals that investor focus has shifted from current operational beats to broader valuation concerns within the hardware sector.

Select S&P 500 Leaders Achieve Dual Milestones of Sales Growth and Margin Expansion

Select S&P 500 Leaders Achieve Dual Milestones of Sales Growth and Margin Expansion

New York, Wednesday, 11 February 2026.
A distinct cohort, including Palantir and Alphabet, distinguishes itself this earnings season by successfully combining double-digit revenue surges with expanded profit margins, signaling robust operational efficiency.

Shopify Beats Revenue Estimates and Reveals $2 Billion Stock Repurchase

Shopify Beats Revenue Estimates and Reveals $2 Billion Stock Repurchase

Ottawa, Wednesday, 11 February 2026.
On February 11, 2026, Shopify reported a 31% surge in holiday-quarter revenue, reaching $3.67 billion and defying economic headwinds. Buoyed by resilient consumer spending and a strong 2026 outlook, the e-commerce giant also authorized a new $2 billion share buyback program, signaling robust confidence in its long-term growth.

ByteDance Turns to Samsung to Manufacture Custom AI Chips Amid Supply Constraints

ByteDance Turns to Samsung to Manufacture Custom AI Chips Amid Supply Constraints

Beijing, Wednesday, 11 February 2026.
Targeting 100,000 units in 2026, the TikTok parent negotiates with Samsung to secure scarce memory supplies and launch its proprietary “SeedChip” hardware.

AI Demand Propels TSMC to Record January Revenue and Stock Highs

AI Demand Propels TSMC to Record January Revenue and Stock Highs

Hsinchu, Wednesday, 11 February 2026.
TSMC’s January revenue surged 37% to $12.7 billion, fueled by relentless global AI chip demand. This record performance signals robust sector growth and pushed shares to new highs.

FDA Declines Review of Moderna’s Flu Vaccine Application Citing Study Design Issues

FDA Declines Review of Moderna’s Flu Vaccine Application Citing Study Design Issues

Cambridge, Wednesday, 11 February 2026.
The FDA rejected Moderna’s application over comparator selection—a decision management calls inconsistent with prior feedback—triggering a 9% stock drop despite unchanged 2026 financial guidance.