Industrial and transportation stocks dropped as economic data indicates higher interest rates to combat inflation. U.S. industrial production exceeded expectations, Eurozone saw an unexpected rise in industrial output, shipping costs from Asia to the U.S. increased, and Boeing appointed Alvin Liu to oversee China business.
The bond market is experiencing significant transformations, with the emergence of a new normal and elevated interest rates. The housing market is impacted, and the role of the 10-year yield provides insights into investor confidence.
Silicon Motion terminates merger agreement with MaxLinear and plans to seek damages exceeding termination fee. Conflict arises over unmet closing conditions and material adverse event.
Glanbia, the Irish nutrition group, reports an increase in pretax profit for H1 2024 due to exceptional net post-tax gain with a decline in revenue. New CEO appointed.
Asa Hutchinson calls on Donald Trump to suspend his campaign and prioritize the country's well-being amidst investigations. Hutchinson presents key reforms for federal law enforcement, dismissing the idea of defunding agencies like the FBI.
H&R Block reports higher net income and adjusted earnings despite a decline in revenue. The company's future outlook and dividend increase are also highlighted.
New Street Research report highlights the underestimation of AI revenue prospects for Nvidia, Broadcom, and Arista by Wall Street analysts. The report suggests significant growth potential for these companies in the AI market.
Galecto has halted the development of inhaled GB0139 for IPF treatment following Phase 2b study failure. The focus now turns to severe liver diseases.
Up Global Sourcing Holdings reveals remarkable revenue growth for fiscal 2023, with a 64% increase in revenue from the online division. Market projections for adjusted pretax profit and earnings were also met or exceeded.
London-listed provider Personal Group Holdings reports significant growth in revenue and adjusted earnings for H1 2023, along with leadership changes. CEO Deborah Frost expresses confidence in future success.