Shareholders of Archrock are set for a pay bump, as the energy infrastructure firm announced a 5% increase to its quarterly dividend. The adjustment brings the payout to 23 cents per share, marking the company’s fifth consecutive increase in just two years of fiscal activity.
With a dominant 69% stake held by Joshua Kushner’s Thrive Capital, defense technology developer Lyntris has officially filed for an initial public offering. The company, which specializes in sense-to-act connectivity solutions, submitted its preliminary paperwork to the Securities and Exchange Commission on Thursday to initiate the transition toward public trading.
Persistent interest rate pressure, shifting capital toward AI, and volatile oil prices are cooling the manufacturing sector. As the materials industry faces a broader market retreat, major players are navigating these headwinds with mixed results, balancing operational volume against shifting commodity pricing cycles.
Brent crude climbed to $100 a barrel for the first time in two months after Houthi militants targeted two Saudi tankers near the Bab al-Mandeb Strait. The escalation, coupled with a vow of major military retaliation from President Trump, has triggered a sharp rally in energy sector shares globally.
Brent crude climbed to $100.69 a barrel on Thursday, marking its highest close in two months after Iran-backed Houthi militants targeted two Saudi tankers near the Bab al-Mandeb Strait. The 7% surge reflects mounting anxiety as Middle Eastern conflicts increasingly threaten the stability of global energy supply chains.
A new multi-year licensing agreement will bring the high-flying stars of Lucha Libre AAA Worldwide into the Mattel product ecosystem. The partnership bridges the gap between the toy giant’s existing sports entertainment dominance and the iconic Mexican wrestling promotion, with the first retail toys scheduled to arrive in late 2027.
Oil prices surged past $100 per barrel on Thursday, acting as a catalyst for a broad selloff that saw the Nasdaq Composite plunge 2.15%. Markets buckled under the weight of ballooning capital expenditures at Alphabet and Tesla, forcing investors to confront the steep financial reality of the current artificial intelligence arms race.
A minor bicycle accident involving Whirlpool Chief Executive Officer Marc Bitzer has forced the appliance manufacturer to postpone its second-quarter earnings disclosure. The company shifted its financial reporting schedule to align with the executive’s anticipated return to his desk early next month.
A 13 percent decline in second-quarter profit highlights the mounting pressure on Boyd Gaming, as the company grapples with cooling destination business in Las Vegas and the logistical friction of ongoing property renovations. The operator posted a quarterly profit of $131.2 million, down from $151.5 million during the same period last year.
Comfort Systems USA is boosting its quarterly cash dividend to 90 cents per share, representing a 13 percent increase from the previous 80-cent payout. This adjustment reflects the company's commitment to returning capital to shareholders, with the new distribution scheduled for disbursement late next month.
Global oil prices surged past $100 a barrel for the first time in two months following Houthi attacks on tankers in the Red Sea, triggering a broad market selloff. The volatility was compounded by a sharp retreat in big tech stocks as investors grew wary of the massive capital spending required for artificial intelligence.
Sallie Mae shares tumbled 5.8% in after-hours trading Thursday, sliding to $22.78 after the student lender reported a sharp decline in second-quarter profit and net interest income. Despite the financial contraction, the firm maintained its full-year earnings guidance, citing sustained demand for private education loans.
Shareholders of Stanley Black & Decker are set to receive a slightly higher payout this autumn as the tool manufacturer bumps its quarterly cash dividend by 1.2 percent. The increase brings the dividend to 84 cents per share, up from the previous 83-cent distribution.
VeriSign is funneling an additional $884.2 million into its share repurchase program, a move that pushes the total capacity for buybacks to $1.5 billion. The technology firm signaled its intent to return capital to shareholders alongside a confirmed cash dividend payout scheduled for late August.
Within a frantic 30-day window, RingCentral employees across all departments completed over 2,500 software projects using OpenAI’s ChatGPT Work and Codex tools. This internal sprint marks a strategic pivot for the cloud communications firm as it aims to accelerate the deployment of its AI-driven customer service suite.
The experimental lymphoma treatment epcoritamab failed to meet its primary endpoint of overall survival in a late-stage clinical trial. Genmab and AbbVie confirmed the disappointing results on Thursday, following their initial disclosure of topline data from the Phase 3 study on January 16.
With a 1.5 percent hike in its quarterly cash payout, Omega Healthcare Investors is raising its dividend to 68 cents per share. The adjustment, moving up from the previous 67-cent mark, arrives as the firm points to a combination of recent operational performance and optimistic projections for future growth.
After months of flatly rejecting acquisition attempts, Genco Shipping & Trading has opened a dialogue with Diana Shipping regarding its latest takeover bid. The company confirmed that financial advisers from both sides are now scrutinizing the price, structure, and potential shareholder dilution inherent in the $27.34-per-share proposal.
The U.S. Department of Energy has granted Oklo startup authorization for its Groves Isotope Test Reactor, a milestone that clears the way for the company to commence fuel loading and initial testing. This regulatory greenlight marks a transition from construction to the operational phase for the privately financed facility.
Advanced Micro Devices and Cerebras are merging their hardware ecosystems to tackle the rising demand for low-latency AI inference. By integrating AMD’s Helios rack-scale infrastructure with Cerebras’s specialized Wafer-Scale Engine, the companies aim to balance the divergent requirements of high-volume token generation and real-time interactive agents.
A 12% jump in share price to $184.48 signals investor confidence in Kaiser Aluminum, which surged following a robust second-quarter report. The company’s performance, bolstered by aerospace growth and consumer demand, pushed its year-to-date gains to 61% and prompted an upward revision of its fiscal 2026 financial guidance.
Brent crude futures surged 7% to break the $100-a-barrel threshold following Houthi militant attacks on two Saudi tankers in the Red Sea, triggering a volatile shift in global markets that saw investors pivot away from tech holdings amid renewed anxieties over ballooning artificial intelligence infrastructure costs.
Crude oil prices spiked sharply on Thursday following reports of Houthi militant strikes on two Saudi Arabian tankers near the Bab al-Mandeb Strait. The incident, which pushed Brent crude above $100 per barrel for the first time since May, has ignited fears of a significant disruption to global energy supplies.
A 12% surge in stock price greeted United Rentals on Thursday after the equipment giant shattered second-quarter profit expectations. Driven by strong demand, the company boosted its full-year revenue guidance to a range of $17.5 billion to $17.8 billion, comfortably outpacing analyst estimates of $17.32 billion.
Acme United shares surged 11% to $50.93 on Thursday, briefly touching a 52-week peak of $51.88, as the company reported a significant jump in both quarterly sales and earnings. The performance marks a continuation of an upward trend, with the stock gaining 18% over the past year.
Brent crude futures surged 6% to $100 a barrel following Houthi militant attacks on two Saudi tankers in the Red Sea. The geopolitical escalation, coupled with alarming capital expenditure forecasts from Big Tech, triggered a sharp selloff in equity markets and pushed 10-year Treasury yields to a year-long high.
A 17% drop in Liberty Energy shares on Thursday signaled investor anxiety after the oilfield services firm flagged the ongoing Middle East conflict as a looming threat to its customer base. Despite a year-to-date gain of 13%, the stock tumbled to $20.85 following the company’s quarterly earnings release.
Shares of Huntington Bancshares tumbled 4.6% to $17.43 Thursday after the bank’s second-quarter performance failed to satisfy Wall Street. While the company reported a profit of $727 million, the bottom line fell short of analyst consensus, leaving investors to weigh rising margins against underwhelming revenue growth.
Investors pushed Medpace Holdings shares up 15% to $606.08 following a strong second-quarter performance that saw the clinical research firm comfortably outperforming Wall Street forecasts. This latest surge adds to a broader upward trend, marking an 8.1% gain for the company since the start of the year.
A $1 billion share-repurchase program and a quarterly dividend hike to $0.90 per share are coming to Popular Inc., even as the Puerto Rico-based bank prepares for a major leadership shift. Chief Executive Javier Ferrer will step down on August 31, handing the reins to current CFO Jorge García.
