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NASA has tapped Rocket Lab to deploy three research satellites via its Electron rocket, tasking the aerospace firm with monitoring high-altitude ice clouds and solar irradiance. The missions, scheduled for launch between early 2027 and mid-2027, mark a continued partnership between the space agency and the California-based launch provider.
Transportation bottlenecks are tightening margins for Weyerhaeuser, as the timber giant warned Thursday that second-quarter wood product earnings will likely slide $20 million below first-quarter levels. The shortfall stems primarily from flagging sales volumes and rising manufacturing costs forced by constraints within the company’s logistics network.
Valued between $500 million and $1 billion, a new contract between TechnipFMC and Vår Energi targets the development of the Ofelia and Gjøa Nord fields in the North Sea. The deal marks a significant expansion of the five-year collaboration agreement established between the two firms earlier this year.
A $250 million ceiling on a new U.S. Navy logistics technology contract has brought DLH Holdings into the fold. The company joins a pool of prime awardees tasked with delivering IT services over a five-year base period, positioning the firm to compete for specific task orders under the military agreement.
A collapsed acquisition deal between NRx Pharmaceuticals and Kadima Neuropsychiatry Institute has spiraled into litigation, with NRx dismissing Kadima’s claims of bad faith as meritless. The pharmaceutical firm asserts the transaction failed because Kadima did not satisfy fundamental closing conditions regarding asset titles and business stability.
Shareholders of ocean transportation firm Matson are set for a pay bump, as the company’s board authorized a 5.6% increase to the quarterly dividend. The hike, moving the payout from 36 cents to 38 cents per share, marks the company’s second consecutive annual raise since June of last year.
After months of disruption, Equinox Gold has reached long-term land access agreements with the Mexican communities of Carrizalillo, Mezcala, and Xochipala. These 20-year pacts clear the path for the company to gradually restart operations at its Los Filos mine in Guerrero, ending a period of operational uncertainty.
Shareholders of AZZ Inc. will see a 20% increase in their quarterly payout as the company lifts its dividend from 20 cents to 24 cents per share. This adjustment brings the annual total to 96 cents, reflecting a 0.6% yield based on the stock's recent closing price of $160.17.
The U.S. Army has granted Titan Mining long-term leases to operate graphite purification facilities at the Pine Bluff Arsenal in Arkansas and the Anniston Army Depot in Alabama, marking a calculated move to establish domestic mineral processing infrastructure and decouple critical supply chains from foreign control.
Hong Kong-based technology services provider ChainOn Group Limited has filed for an initial public offering, seeking to raise capital through the sale of 6.25 million Class A shares. According to the SEC filing, the company estimates a price range between $4 and $6 per share for the upcoming launch.
A fresh strike on a Singapore-flagged cargo ship in the Strait of Hormuz has stalled the cooling of oil markets, just days after Washington and Tehran brokered a fragile peace deal. The attack, attributed to Iran’s Islamic Revolutionary Guard Corps, casts immediate doubt on the security of the vital maritime corridor.
A Supreme Court victory for Bayer on Thursday provided a significant lift to the materials sector, shielding the company from claims that its Roundup weedkiller lacks sufficient cancer warnings. This legal win arrived as broader market shares climbed, buoyed by a weakening dollar and conflicting economic indicators.
Investors pivoted toward U.S. manufacturing and transportation sectors today, spurred by revised first-quarter GDP figures that underscore unexpected economic resilience. This rotation away from high-flying technology names reflects a broader appetite for industrial stability, even as individual companies within the sector grapple with cooling consumer demand and geopolitical pressure.
Investors flocked to healthcare equities on Thursday, seeking stability in a volatile market as high-profile mergers and acquisitions reshaped the sector. The surge was driven by massive capital deployments from industry giants looking to expand their footprint in life sciences and artificial intelligence-integrated insurance platforms.
A volatile trading session pushed financial shares lower as traders weighed mixed U.S. economic data against rising oil prices fueled by escalating Middle East hostilities. The sector-wide retreat overshadowed a series of internal corporate developments, including major leadership shifts at JPMorgan Chase and fresh capital injections for fintech startups.
Persistent inflation and rising oil prices took a toll on consumer stocks Thursday, triggering a broad retreat across the sector. While individual companies reported varied fiscal results, market sentiment soured as investors grappled with evidence that price pressures remain entrenched, overshadowing positive earnings reports from major industry players.
Calian Group is set to acquire Galaxy Broadband Communications, a specialist in remote connectivity, for a total consideration of up to 51.5 million Canadian dollars. The deal, which aims to bolster Calian’s reach in complex environments, combines an upfront payment of 24 million Canadian dollars with performance-based earnouts.
A 4.2% jump in after-hours trading greeted Wise Group’s latest annual report, as investors reacted to a 21% surge in the company’s active customer base. The technology firm signaled sustained momentum, projecting revenue growth of up to 20% for the current fiscal year despite a slight dip in annual profit.
The U.S. Navy has finalized a contract modification with Raytheon, an RTX subsidiary, authorizing a production surge for advanced missile systems and integrated components. The agreement, valued at up to $1.1 billion, extends the existing fixed-price incentive framework to bolster naval inventory through the end of the decade.
Hertz Global Holdings saw its stock plummet 13.5% to $2.58 on Thursday after the rental car giant announced an upsized $350 million debt offering. The sharp decline deepens a difficult year for the company, which has now shed half of its market value since the start of 2024.
With a quarterly payout of 8 cents per share, Barnes & Noble Education has officially activated its dividend program. The move follows a period of financial recalibration for the company, which also provided a specific outlook for its earnings potential as it looks toward the 2026 fiscal year.
Staring down the prospect of a contentious North Atlantic Treaty Organization summit in Turkey, Canadian Prime Minister Mark Carney signaled on Thursday that he remains unmoved by pressure to secure a quick trade agreement with the United States, flatly refusing to sign a deal he deems unfavorable for his nation.
Shares of Americas Gold and Silver surged 6.6% to $4.86 on Thursday after the company finalized the second phase of a modernization project at its Idaho-based Galena Complex. The capital-intensive overhaul of the No. 3 Shaft aims to significantly bolster the facility's long-term ore production capacity.
AtaiBeckley shares surged 13% to $4.72 in Thursday midday trading after the biotechnology firm secured a spot in the upcoming Russell 2000 and Russell 3000 index reconstitution. The transition into these widely tracked benchmarks marks a significant milestone for the company's visibility among institutional investors.
Facing a volatile hardware market, Microsoft will hike prices on its Xbox consoles by up to $150 starting August 1. The company attributes the move to a sharp spike in storage and memory component costs, which have already more than doubled and are projected to climb further by 2027.
With Brent crude climbing to $74.62 per barrel and West Texas Intermediate hitting $71.44, energy markets are signaling a shift in sentiment. Traders are recalibrating positions as Middle East oil flows stabilize and supply bottlenecks through the Strait of Hormuz show signs of clearing after weeks of volatility.
Adobe is moving to integrate Emmy-winning enhancement technology into its creative suite, announcing a definitive agreement to acquire Topaz Labs. The deal aims to fuse real-world photography with artificial intelligence, addressing a growing demand among creators to sharpen, restore, and upscale visual media directly within the Creative Cloud ecosystem.
Investors pushed ZipRecruiter shares up 16% to $3.85 on Thursday after the employment marketplace announced a strategic debt reduction. By repurchasing $295 million in senior notes at a $65 million discount, the firm is cutting its outstanding debt burden nearly in half while preserving its cash reserves for future growth.
Investors pushed Kymera Therapeutics shares up 21% to $121.06 on Thursday after the biotech firm finished enrolling patients for its mid-stage eczema drug trial six months ahead of schedule. The expedited timeline for the oral treatment, KT-621, signals a faster path to critical efficacy data for the company.
Investors reacted sharply to a proposed merger between ASP Isotopes and Endra Life Sciences, sending share prices tumbling as the companies unveiled plans to consolidate their helium interests. The deal, which aims to unlock value from the Virginia Gas Project in South Africa, faces skepticism from the market.