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A Seattle federal judge on Wednesday cleared Starbucks of allegations that the company deceived shareholders regarding its customer traffic metrics. The ruling strikes down a class-action suit which argued that executives intentionally obscured declining foot traffic in the United States and China during a January 2024 earnings call.
Shares of data center operator Csquare dipped to $20.41 during their Thursday market debut, struggling to maintain the $21 price point established in the firm’s initial public offering. The cooling performance arrived as investors weighed the company’s $3.25 billion market valuation against broader sector volatility on the New York Stock Exchange.
The Federal Reserve’s internal security framework requires an immediate, enterprise-level upgrade to shield sensitive assets from unauthorized disclosure. A new Office of Inspector General report warns that the central bank currently lacks the centralized procedures necessary to proactively identify or mitigate risks posed by its own personnel.
Crude oil futures drifted lower during Thursday’s midday session as traders weighed the persistent threat of supply disruptions in the Strait of Hormuz against the possibility of renewed diplomatic negotiations with Iran, leaving the market caught in a precarious state of uncertainty regarding the conflict’s next phase.
A sharp 6% plunge in South Korea's Kospi index, fueled by heavy losses at SK Hynix and Samsung, has sent tremors through global markets today. The sell-off hit the U.S. tech sector hard, dragging the Nasdaq lower as investors recalibrate their positions in artificial intelligence and semiconductor holdings.
Saudi Aramco has tapped Halliburton to manage the development of nearly 300 oil wells across the kingdom. The lump-sum contracts, spanning an initial three-year term, encompass a comprehensive suite of services including drilling, well completions, and labor procurement for 285 sites, with an option to extend the work by two years.
A decade-long, $500 million agreement between GE HealthCare and Catholic Health aims to overhaul diagnostics across Long Island. The partnership will deploy over 1,300 pieces of advanced medical equipment, integrating AI-driven imaging and cloud-based workflow tools to modernize operations at more than 40 hospitals and outpatient facilities.
By integrating DataPelago into its infrastructure portfolio, NetApp aims to solve the persistent data processing bottlenecks slowing enterprise AI deployment. The acquisition, announced Thursday, brings the startup's Nucleus technology under the NetApp umbrella, allowing the storage giant to shift how businesses handle massive datasets for analytics and machine learning.
A steep market correction defined the opening hours for QumulusAI as the cloud platform’s stock plummeted during its first day on the Nasdaq exchange. After an initial opening price of $38, the shares rapidly shed value, recently trading at just $15.60, signaling a difficult entry into public markets.
A $1.7 billion infusion from Industrial Development Funding and Oaktree Capital Management is set to power new artificial intelligence cloud infrastructure through Bloom Energy fuel cells. The project aims to bypass traditional grid constraints, delivering direct, on-site electricity for Nebius as it scales its compute capacity to meet heavy AI workloads.
Nitin Dahiya, a two-decade veteran of the investment sector, will take the helm as chief financial officer at Energy Vault Holdings starting July 27. He steps into the role as the company seeks to accelerate its expansion across utility-scale energy storage and AI infrastructure markets.
Fifty-five consecutive years of payout hikes have cemented PPG Industries’ status among the market’s most reliable income generators. The Pittsburgh-based paint manufacturer confirmed a 4.2% dividend increase this week, pushing its quarterly distribution to 74 cents per share and reinforcing its position within the elite Dividend Aristocrats index.
Glenn Reicin is stepping down as Chief Financial Officer of Harmony Biosciences effective Thursday, leaving the pharmaceutical company to pursue new career opportunities. The announcement arrives as the firm reports a significant surge in quarterly product revenue for its flagship sleep disorder medication, Wakix, despite a lingering decline in share price.
Shares of Stryker climbed 5.1% to $332.99 today as the medical technology firm officially launched its Mako robotic power system for total knee replacements. This commercial rollout targets a fresh segment of the orthopaedic market, aiming to bridge the gap for surgeons hesitant to adopt fully automated surgical workflows.
LCNB shares surged 7.1% to reach a 52-week high of $19.17 on Thursday, fueled by a robust second-quarter performance. The regional bank, which operates across Ohio and Kentucky, reported a significant 27% climb in net income, signaling a strong financial trajectory for the year with shares now up 18%.
Financial institutions can now mint, move, and manage stablecoins through a new centralized platform from Visa. The system, designed to bridge the gap between digital asset interest and functional payment infrastructure, debuts with support for Open USD, a stablecoin developed by Open Standard.
Instacart acquired computer vision startup Arpalus on Thursday, aiming to sharpen its real-time inventory management for grocery retailers. By integrating shelf-scanning technology into its existing platform, the company intends to minimize out-of-stock errors and refine the digital shopping experience across its vast network of retail partners.
Micron Technology has formalized strategic agreements with a roster of automotive suppliers, including Qualcomm, Visteon, and Hyundai Mobis. By integrating its memory and storage roadmap directly with these manufacturers, the company aims to stabilize production planning and accelerate the development of increasingly complex vehicle software platforms.
Institutional investors will soon gain direct access to market-moving commentary from high-profile accounts on Truth Social. Trump Media & Technology Group announced the launch of Truth API, a data-licensing service designed to feed verified, real-time posts into the high-frequency and algorithmic trading systems of financial firms starting August 1.
The U.S. Special Operations Command has awarded Lockheed Martin a 12-year, $10.5 billion contract to oversee global logistics and sustainment. This agreement secures the defense contractor's long-standing role in maintaining the operational readiness of elite forces, continuing a partnership that has evolved since the original program launched in 2010.
Spanning more than 130 locations across 30 countries, a new partnership between French catering giant Sodexo and tech titan Meta represents one of the largest corporate food service contracts in the company's history. The rollout begins in the coming months, marking a significant expansion of Sodexo’s international footprint.
Shares of Insteel Industries jumped 7% to $31.71 following a third-quarter earnings report that showcased robust revenue growth. While the steel wire manufacturer faced a sharp decline in net income compared to last year, investors responded positively to signs of increased shipment activity and sustained market demand.
Investors pushed Inhibrx Biosciences shares down 4.4% to $87.22 following news that the clinical-stage firm has expanded its credit facility with Oxford Finance to $500 million. This move comes as the company seeks to secure its financial runway while preparing for critical clinical data readouts.
CrowdStrike Holdings is absorbing the intellectual property of XM Cyber, a move designed to deepen its integration with Schwarz Digits and streamline security operations for European clients. By acquiring these assets, the firm aims to provide a more cohesive path for regional enterprises to adopt its AI-native Falcon platform.
A sudden surge of 1.19 million metric tons in Chinese orders pushed total U.S. soybean export sales to 1.96 million tons for the week ending July 9. This return of the world’s largest agricultural buyer provides a critical lifeline for American producers, landing well above analyst expectations.
New York City’s yellow taxis are joining the Lyft platform, marking a significant expansion of the partnership between the ride-hailing giant and technology provider Curb. Through the Curb Flow interface, local riders can now hail licensed cabs directly via the Lyft application, integrating the city’s largest fleet into a digital network.
A $1.5 billion injection has propelled cloud-based generative AI platform Fireworks to a $17.5 billion valuation, marking a major scaling milestone. The Series D round arrives as the company hits $1 billion in annualized revenue, underscoring the aggressive capital appetite currently fueling the infrastructure layer of the artificial intelligence boom.
UnitedHealth Group shares jumped 7.3% to $448.98 in pre-market trading after the insurer raised its full-year earnings forecast and signaled success in tempering rising medical expenses. The surge follows a strong second-quarter performance that outpaced Wall Street projections, continuing a year-to-date rally that has seen the stock climb 24%.
A 90-million-Canadian-dollar deal marks a strategic shift for Metro as it offloads its Baie-D'Urfe commercial bakery to FGF Brands. The Toronto-based manufacturer will assume control of production for Premiere Moisson products, allowing the grocery giant to streamline its operations while maintaining its retail footprint.
Johnson & Johnson’s DePuy Synthes unit has acquired Expanding Innovations, a medical technology firm specializing in expandable implant systems for spinal procedures. The deal, for which financial terms remain undisclosed, strengthens the company’s presence in the competitive market for interbody cages used in complex back surgeries.