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Flex is betting $4.4 billion on EPC Power, an acquisition designed to anchor the upcoming separation of its cloud and power infrastructure business. By integrating EPC’s specialized conversion technology, the company aims to secure a dominant position in the rapidly expanding market for artificial intelligence-driven data center architectures.
The Office of the Comptroller of the Currency has granted conditional approval for Revolut to operate as a national bank in the United States. This regulatory milestone clears a path for the London-based fintech to launch a physical banking presence by 2027, provided it clears final federal hurdles.
Since its 2013 debut in Chelsea Market, Los Tacos No. 1 has built a cult following around its stripped-back, standing-room-only taquerias. Now, the New York-based chain is looking to scale its authentic carne asada and adobada offerings nationwide after securing a fresh investment from private equity firm TSG Consumer Partners.
Securitize shares jumped 9% to $7.09 on Thursday, a rare surge for a stock that has shed 37% of its value this year. The market response followed the company’s decision to formalize a memorandum of understanding with Dubai’s Virtual Assets Regulatory Authority to expand local digital-asset infrastructure.
A 7.9% drop in share price followed Phreesia’s second-quarter fiscal report, as the healthcare technology firm missed analyst profit expectations by six cents per share. The stock closed Thursday at $10.94, marking a significant decline for a company that has already shed roughly one-third of its market value this year.
Construction costs for data centers have jumped 21% per megawatt since late 2024, driven by a tightening grip on critical resources. As the industry faces mounting pressure from labor shortages and supply chain hurdles, the financial stakes for global developers have reached a staggering $2.3 trillion investment pipeline.
Vivendi posted EUR140 million in revenue for the first half of 2026, a 3.5% decline compared to the previous year, as the group navigated a challenging video game market and significant restructuring efforts at its headquarters, according to results released by the company on Thursday.
Shares of Albany International jumped 6% to $62.27 on Tuesday following an agreement to extend its manufacturing partnership with Boeing. The deal secures the company's role as a key supplier for the 787 Dreamliner’s composite fuselage frames, a critical component of the aircraft's structural assembly produced at their Salt Lake City facility.
Fresh military strikes involving the U.S. and Iran have reignited fears of supply disruptions, driving oil benchmarks to six-week highs before a midday retreat. With Israel threatening to target energy infrastructure and vessel traffic in the Strait of Hormuz dwindling, the market faces sustained uncertainty regarding regional flows.
Standing on the factory floor in Thunder Bay, Prime Minister Mark Carney announced Canada’s largest passenger rail investment to date: a 4.7 billion Canadian dollar deal with Alstom. The agreement mandates the construction of 313 next-generation coaches, marking the first time such a fleet will be manufactured entirely within Canada.
Shares of Currenc Group jumped 9.5% to $4.39 on Thursday following news that the firm will facilitate the tokenization of Mint Incorporation’s Nasdaq-listed equity. The deal marks a strategic expansion for Currenc, which aims to transition traditional stock ownership onto public Ethereum and Solana blockchain networks.
Justin Boxford has been elevated to the newly created role of global president for luxury beauty brands at Estée Lauder, a strategic move that follows the impending retirement of longtime executive Sandra Main. Boxford will assume oversight of the prestigious La Mer skincare brand as part of an internal leadership reorganization.
Cipher Digital shares surged 12% to $17.02 on Thursday as the company unveiled plans to bypass public power grids. By constructing lateral pipelines to connect data centers directly to natural gas supplies, the operator aims to generate 2.5 gigawatts of electricity on-site to fuel its rapidly expanding infrastructure.
Bank of England Chief Economist Huw Pill is advocating for an immediate interest rate increase, arguing that the central bank must act now to prevent inflation from becoming entrenched. Despite the unpredictable trajectory of the conflict in the Middle East and its impact on energy costs, Pill favors preemptive monetary tightening.
With grain export sales falling squarely within analyst expectations, the latest U.S. Department of Agriculture report offers a snapshot of a sector in transition. As the 2025/26 marketing year concludes, the data reflects a period of significant net sales reductions across key row crops before the September 1 rollover.
Matthew Mandel will assume the role of chief financial officer at CarGurus starting October 19. The appointment ends a prolonged transition period during which CEO Jason Trevisan handled the company's financial and accounting duties alongside his executive leadership responsibilities, a dual role he maintained since March of last year.
Tigran Sinanyan, a former finance chief at MediaAlpha, is set to reclaim his previous role as the company navigates a leadership transition. He replaces Pat Thompson, who departs the Los Angeles-based marketing technology firm on October 1 after a three-year tenure, marking a significant shift in the executive suite.
Moving 2.54 million metric tons of grain in a single month, Canadian Pacific Kansas City has shattered its historical August performance. The rail operator logged 26,051 carloads, signaling an aggressive push to maintain the momentum that defined its record-breaking performance over the previous twelve-month cycle.
A 15 million Canadian dollar expansion in Drummondville will transform Richelieu Hardware’s local distribution center from 40,000 to 180,000 square feet. This strategic capital injection aims to satisfy rising regional demand, with the upgraded facility scheduled to become fully operational by the spring of next year.
Moving 2.5 million metric tons of grain across Western Canada in August, Canadian National Railway has signaled a strong start to the 2026-2027 crop year. This performance eclipses the company’s previous August high of 2.34 million metric tons, established four years ago, as rail demand maintains its recent upward trajectory.
Patients battling relapsed or refractory multiple myeloma may soon have a new therapeutic option, as AbbVie announced that its experimental drug, etentamig, successfully cleared dual primary endpoints in a late-stage clinical trial. The study results indicate marked improvements in both response rates and progression-free survival compared to current standards.
The New York Stock Exchange and the Korea Exchange formalized a strategic partnership on Thursday, signing a memorandum of understanding aimed at broadening access to international capital markets. This collaborative effort seeks to link investors more efficiently with high-growth companies while strengthening the infrastructure of both trading venues.
A forced retreat from the U.S. market has cost Polestar Automotive roughly $130 million, compounding a difficult year for the electric-vehicle manufacturer. Shares tumbled 7.9% in premarket trading Thursday as the company slashed its growth forecasts, citing both regulatory pressure and increasingly volatile conditions across the global automotive sector.
The U.S. Department of Defense has awarded $7.3 million to Montreal-based 5N Plus to establish a domestic production line for gallium arsenide. This strategic move aims to eliminate reliance on foreign suppliers for the critical semiconductor material, which powers advanced sensing systems and sensitive defense hardware.
A 15% pre-market plunge greeted Methode Electronics on Thursday after the power distribution firm reported a deeper quarterly loss. While revenue climbed to $265.4 million, beating analyst expectations, the company’s bottom line faltered under the weight of divestiture costs and aggressive investments in personnel and internal capabilities.
Ragnar Udd, a high-ranking executive at mining giant BHP, is set to take the helm at Albemarle on February 1, 2027. His appointment marks a significant leadership transition for the North Carolina-based specialty chemicals producer, as current CEO Kent Masters prepares to shift into the role of executive chairman.
LB Pharmaceuticals has tapped Joseph Miller, the former finance chief at Aurinia Pharmaceuticals, to oversee its financial operations. The 52-year-old executive steps into the role at the New York-based neuromedicines firm, bringing years of industry experience to the leadership team as the company focuses on its development pipeline.
Bolstered by a sharp rise in quarterly earnings and sales, Toro has revised its full-year financial outlook upward. The outdoor equipment manufacturer now anticipates annual revenue growth of up to 6.6%, signaling a robust demand cycle that comfortably exceeded the performance benchmarks set by market analysts.
Canada recorded a trade surplus of 769 million Canadian dollars in July, a sharp contraction that caught markets off guard. The figure fell well short of the 3.25 billion Canadian dollars economists anticipated, as the country’s export engine stalled for the first time in half a year.
Investors pushed ChargePoint Holdings shares up 18% in premarket trading Thursday, responding to a fiscal second-quarter report that outpaced analyst expectations. The company cut its losses nearly in half and delivered revenue growth that defied the downward trend plaguing the stock throughout the current year.