Hertz Global Holdings shares jumped over 22% after the car rental company reported a return to quarterly profitability with $64 million in net income on $2.396 billion in revenue. The beat-and-raise quarter triggered a short squeeze, with heavily shorted stock forcing bearish investors to cover positions despite ongoing securities class action lawsuits and recent index removals.
Doximity shares surged over 80% after the medical platform's CEO revealed its AI search product generates 10 times more revenue than it costs to run. The beat-and-raise quarter was amplified by a significant short squeeze, with the stock having been down 50% year-to-date before the results.
A powerful storm system brought intense rainfall to Western Pennsylvania on Friday, August 7, 2026, causing significant flooding, road damage, and debris accumulation across multiple counties. Communities including Union Township, Penn Hills, and Westmoreland County reported impacted roads and infrastructure, with photos showing submerged streets and piles of tires scattered on roadways.
A 35-year-old Shawnee man, Roger Harris, died Thursday evening after his vehicle left Garrett's Lake Road in Pottawatomie County, rolled over, and struck a tree. A passenger was injured in the crash, which occurred just north of the Interstate 40 and Highway 18 junction.
Advanced nuclear company Oklo Inc. reported its first quarterly revenue of $1.2 million for Q2 2026, significantly exceeding analyst expectations of approximately $84,000. Despite a wider-than-expected net loss of $48.5 million, shares rose nearly 15% following the announcement and news that its Groves test reactor in Texas achieved first criticality in under a year.
Elon Musk's SpaceX and Tesla have confirmed an initial $16.8 billion investment in 'Terafab,' an AI semiconductor plant in Grimes County, Texas. The 100-million-square-foot facility is projected to become the world's largest building, creating 3,000 jobs and producing chips for Optimus robots, Cybercabs, and orbital data centers. The project is finalized following public meetings and signed tax agreements.
Burger King's U.S. same-store sales jumped 8.5% in Q2 2026, fueled by an upgraded Whopper with a new bun, creamier mayo, and box packaging. The brand's "Your Way Champion" manager role and Whopper Guarantee are enhancing customer experience. Meanwhile, sister chain Popeyes continues to struggle with a 5.2% sales decline.
A grassroots coalition, Hampshire Next, has secured $2 million in pledges from 1,400 donors to purchase the 800-acre Hampshire College campus in Amherst. The group aims to create an "educational village" for interdisciplinary learning after the college closes at year's end, competing with two other proposals for the site.
An investigation is active in Aiken County after a man's body was discovered in a drainage ditch along Jefferson Davis Highway in North Augusta. Authorities have identified the victim but are withholding his name pending family notification, with an autopsy scheduled in Newberry to determine the cause of death.
A major crash on the Garden State Parkway in Lacey Township, New Jersey, has resulted in one fatality and eight injuries. The incident, described as a mass-casualty event, led to the closure of northbound lanes for an extended period, causing significant traffic delays in Ocean County.