The Department of Energy’s National Nuclear Security Administration has selected BWX Technologies to draft a conceptual design for a critical lithium processing module. This facility, slated for the Y-12 National Security Complex, marks a strategic push to modernize infrastructure at the primary site for nuclear weapons production and storage.
A 19% plunge in after-hours trading greeted Oxford Industries on Thursday after the retailer slashed its annual earnings guidance. The company pointed to persistent headwinds within its Lilly Pulitzer brand, which saw sales drop 5.6% during a second quarter marked by broad declines across its fashion portfolio.
Investors wiped more than a quarter off eGain’s market value Thursday after the AI-focused software company released fiscal guidance that fell short of Wall Street projections. The sharp decline arrived as the firm signaled a cooling in growth, failing to meet analyst expectations for both the current quarter and full fiscal year.
Bally’s is reshuffling its executive suite again, appointing company president George Papanier as interim chief financial officer effective September 4. He steps into the role as current CFO Mira Mircheva prepares to depart the gaming operator for personal reasons, ending her tenure after a short transition period lasting through the end of September.
After a high-profile tenure at Shell and a recent stint leading corporate strategy at GE Vernova, 58-year-old Jessica Uhl is moving to the telecom sector. She will join T-Mobile US this September as the company’s CFO designate, stepping into the full role early next year as Peter Osvaldik prepares to depart.
Federal Reserve Governor Christopher Waller steered markets toward optimism yesterday, arguing for patience on interest rate policy. His comments effectively neutralized investor anxiety over climbing oil prices, triggering a broad rally that pushed the S&P 500 within striking distance of its all-time closing high.
Federal Reserve Governor Christopher Waller hinted at a potential interest rate hold for the September meeting, triggering a sharp slide in the U.S. dollar. The shift in monetary sentiment provided immediate momentum for commodity markets, which surged as investors recalibrated their positions against a softening greenback.
Investors sent Guidewire Software shares sliding 20% to $162.10 in late trading Thursday, reacting to a fiscal first-quarter revenue outlook that failed to meet Wall Street expectations. While the company posted a strong finish to its fiscal year, the conservative guidance for the upcoming months overshadowed recent performance gains.
Industrial and transportation shares climbed Tuesday as investors shook off lingering concerns over interest rate hikes. The broader market sentiment pivoted upward, offering a rare moment of stability for the sector while individual firms grappled with internal restructuring and significant procurement shifts across global supply chains.
Energy sector gains stalled Tuesday as market sentiment shifted, prompting traders to rotate capital into technology stocks. The retreat follows a sustained rally that saw energy emerge as the S&P 500’s top-performing industry group throughout a turbulent year marked by geopolitical volatility in the Middle East.
Federal Reserve governor Christopher Waller signaled a potential hold on interest rate hikes, provided consumer-price data continues to track toward disinflation. His remarks triggered a cooling in Treasury yields, providing an immediate boost to financial institutions and high-risk digital asset platforms that had previously struggled under aggressive monetary policy.
Retailers surged on Wednesday following comments from Federal Reserve governor Christopher Waller, who suggested a cautious approach to further interest rate hikes. As markets digest incoming inflation data, investors are recalibrating their expectations for the broader economy while luxury brands face mounting pressure from global geopolitical instability.
Investors are pivoting away from the health care sector, opting instead for assets poised to benefit from the Federal Reserve’s decision to maintain elevated interest rates. While the industry served as a reliable hedge against inflation in recent weeks, market sentiment shifted as traders recalibrated their portfolios for a prolonged high-rate environment.
A cooling of interest rate concerns ignited a broad rally in technology stocks, pushing major players higher as artificial intelligence once again took center stage. The resurgence in market sentiment was driven by fresh product developments and evidence that AI demand is serving as a catalyst for enterprise software growth.
While the broader market surged on renewed fervor for artificial intelligence, the communications sector trailed behind. Investors shifted their capital toward high-growth tech bets, leaving traditional cell-phone carriers to post only modest gains while major streaming platforms faced a notable decline during the session.
Federal Reserve Governor Christopher Waller pushed back against immediate rate hikes, urging patience to allow disinflation to take hold. His signal that the central bank may maintain its current policy trajectory triggered a sharp decline in Treasury yields and propelled U.S. markets to significant gains across all major indices.
A cooling in interest rate expectations and a temporary ease in wildfire-related anxiety pushed power producers higher on Thursday. The SPDR Select Sector Utilities ETF climbed 0.8%, marking a sharp reversal for a sector that has trailed the broader S&P 500 throughout recent weeks of market volatility.
Ambarella trimmed its quarterly losses to $6.7 million as demand for edge AI processors surged, outperforming Wall Street expectations. The semiconductor firm reported adjusted earnings of 18 cents per share, fueled by a steady expansion across its automotive and Internet of Things sectors during the second quarter.
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.
