Finance and markets: business, quotes, gold, energy and releases.
Found 4723 articles
With a valuation now climbing to 13.2 billion euros, Telecom Italia’s board has formally signaled its support for the acquisition bid from Poste Italiane. The state-controlled postal operator, already holding a 20% stake in the telecommunications giant, seeks full control in a deal finalized just before the tender period begins.
A 1.1 billion euro damages claim filed by Dow has placed Swiss chemical giant Clariant back in the crosshairs of European antitrust litigation. The lawsuit alleges that Clariant participated in practices violating EU competition law within the ethylene purchasing market, a charge the Swiss firm categorically denies as it prepares for court.
Investors pushed Karyopharm Therapeutics stock down 21% in after-hours trading Friday, reacting to the company's disclosure of a new cash-retention program for its top leadership. The sharp decline erased earlier gains, pulling the share price to $7.50 just hours after the firm finalized its regulatory filing with the SEC.
A 21% share price drop for Karyopharm Therapeutics followed the announcement of a $1.7 million executive retention program, marking a sharp contrast to the gains seen elsewhere in the market as investors reacted to divergent corporate news involving MKDWELL and Advanced Biomed in late Friday trading.
Investors pushed Advanced Biomed shares up 43% to $7.17 in after-hours trading Friday, responding to the company’s decision to scrap a $25 million stock purchase agreement. The move effectively halts a previously arranged deal with Helena Global Investment Opportunities I that would have allowed for significant new equity issuance.
Sam Hinrichsen, the chief financial officer at Lindsay, will vacate his post on August 31 for personal reasons. The company confirmed that his departure follows no internal disputes, marking the end of a tenure that will transition into an advisory role for the remainder of the calendar year.
EyePoint Pharmaceuticals has agreed to pay approximately $4.7 million to resolve federal allegations that it violated the False Claims Act by offering illicit incentives to medical facilities. The settlement addresses accusations that the company used kickbacks to boost the market presence of its ocular inflammation treatment, Dexycu.
A sharp retreat in semiconductor shares and a significant decline in Netflix compounded a difficult week for technology investors, pushing the S&P 500 down 1.01% and the Nasdaq Composite 1.40% lower as geopolitical tensions in the Middle East drove oil prices to a 4.6% daily gain.
J.M. Smucker is nudging its quarterly cash payout upward, marking a quarter-century of consistent dividend growth for the food manufacturer. The board approved a 1.8% increase, moving the distribution from $1.10 to $1.12 per share, signaling a steady return for investors despite broader market volatility.
Escalating military friction near the Strait of Hormuz sent energy shares higher this week, as U.S. airstrikes against Iranian bridge infrastructure intensified fears over global crude distribution. With the strategic waterway increasingly volatile, regional producers are racing to secure alternative transport routes to bypass Tehran’s blockade threats.
Geopolitical friction is rattling the materials sector, forcing a broad market retreat that left Alcoa grappling with operational setbacks. The aluminum giant lowered its full-year alumina guidance today, pointing to persistent refining disruptions in Western Australia while global trade routes face mounting pressure from regional instability.
Rising fuel costs and persistent inflation concerns dragged on industrial shares today, tempering the optimism generated by a series of positive economic indicators. While the broader market struggled for direction, specific corporate maneuvers and strategic updates kept volatility high across major manufacturing and logistics players.
Rising fuel prices are chilling consumer confidence, dragging down retail stocks even as economic sentiment indexes show unexpected resilience. The market shift highlights a growing tension between improved consumer outlooks and the immediate financial pressure of higher energy costs, forcing investors to recalibrate their expectations for discretionary spending.
A sharp 14% decline in Intuitive Surgical shares rippled through the healthcare sector Tuesday, dampening market sentiment as investors reacted to underwhelming second-quarter earnings and cautious forward guidance from the medical robotics giant.
One-quarter of the staff at Exodus Movement will lose their jobs as the financial services provider attempts to streamline its operations. The company, which employed roughly 215 people at the start of the year, is restructuring to prioritize the development of its new card issuance and payments infrastructure.
Geopolitical instability in the Middle East is rattling investor confidence, pulling financial sector shares lower as rising oil prices reignite fears of persistent inflation. While the broader market sentiment remains cautious, several major financial institutions are bucking the trend with robust second-quarter earnings reports that comfortably outpace Wall Street expectations.
A cooling sentiment across the semiconductor sector dragged down technology shares on Friday, even as Apple and Nvidia engaged in a high-stakes tussle for the title of America's most valuable public company. The volatility reflects growing investor anxiety surrounding the current valuations of major chip manufacturers.
Cathie Wood’s ARK Invest has aggressively accumulated 6,389,045 shares of X-Energy, signaling a massive bet on the Rockville-based nuclear developer. Despite a broader downturn in utility stocks and a sharp decline in X-Energy’s market valuation since its late April public debut, the investment firm continues to grow its stake.
A projected slowdown in revenue growth at Netflix dragged down U.S. communication services stocks this week, overshadowing the company's solid second-quarter performance. While the streaming giant posted a 13% year-over-year revenue climb, its forward-looking guidance for an 11.7% increase fell short of investor expectations.
Automotive electronics manufacturer MKDWELL has reached an agreement to acquire the parent company of Landvision Technology for $240 million, signaling a strategic shift toward artificial intelligence and the Internet of Things. The move marks a significant evolution for the firm as it pivots into a diversified intelligent-device group.
A 400 million dollar stock transaction between TXNM Energy and Blackstone Infrastructure Partners is being dismantled after New Mexico regulators ruled the deal bypassed mandatory state oversight. The companies are now scrambling to secure formal approval for their broader acquisition agreement while extending their contract window until May 2027.
Value Line has launched a fresh $2 million stock-buyback program, signaling a commitment to returning capital to shareholders. The initiative, which takes effect immediately, replaces a previous authorization from October 2025 and operates without a fixed expiration date or specific price constraints on open-market purchases.
A volatile week for technology investors closed on a sour note Friday, as a persistent selloff in semiconductor shares coincided with a sharp decline in Netflix stock. Meanwhile, geopolitical friction between the U.S. and Iran sent oil prices climbing, further unsettling a market already reeling from cooling enthusiasm for AI spending.
Tucson-based NuvOx Therapeutics is moving to public markets, seeking to raise up to $20.2 million through an initial public offering. The clinical-stage biopharmaceutical firm plans to list 2.9 million shares on the NYSE American under the ticker symbol NUOX, pricing the equity between $6 and $8 per share.
A deepening selloff in semiconductor stocks dragged the Nasdaq composite down 1% today, as investors reassess whether massive capital expenditures on artificial intelligence can support current market valuations. The decline follows a volatile session in Asian markets and a sharp retreat in shares of major industry players.
A relentless selloff in chip stocks dragged the Nasdaq composite down by 1% Friday, as investors retreated from high-valuation tech firms. The downturn follows a broader global slump that saw benchmark indexes in Taiwan and Japan tumble by 6.5% and 4% respectively, signaling deepening anxiety over the sustainability of AI capital expenditures.
Escalating military friction between the U.S. and Iran has sent energy markets into a sharp rally, with crude oil prices climbing more than 2% Friday morning. The intensification of strikes across the Middle East, including attacks on Kuwaiti infrastructure, puts contracts on track for significant weekly gains.
Shoppers across Canada are being urged to discard Heavenly Spices brand garlic powder after the discovery of Bacillus cereus, a bacterium capable of causing food poisoning. Dollarama has issued a national recall for the 70-gram containers, which were sold both in retail locations and through the company's online store.
Amazon’s autonomous vehicle unit, Zoox, has recalled its entire fleet of 105 robotaxis after discovering a software glitch that blinds the vehicles to heavy smoke. The defect, which poses a significant collision risk near emergency scenes, forced a swift remote update to address the critical visibility failure.
Investors pushed Docebo shares up by more than 8% Friday after the AI-driven training platform announced a $70 million share repurchase program. The move follows strong preliminary second-quarter results that topped market expectations, signaling confidence in the company’s ongoing growth trajectory and future cash flow stability.