Category: Latest News
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Babcock & Wilcox Shares Surge 40.5% After Q2 Results Beat Expectations and Guidance Rises
Babcock & Wilcox (NYSE:BW) shares surged 40.5% to $12.48 in pre-market trading after the power generation equipment company delivered second-quarter 2026 results well ahead of analyst forecasts and raised its full-year outlook. Adjusted earnings per share reached $0.07, more than double the $0.03 consensus estimate. Revenue came in at $319.7 million, compared with expectations of…
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Nvidia Targets Over $500 Billion for AI Infrastructure Financing with Global Financial Giants
Nvidia (NASDAQ:NVDA) has unveiled a strategic partnership with six major financial groups aimed at mobilising more than $500 billion in third-party capital to finance the continued expansion of artificial intelligence infrastructure. The initiative brings Nvidia together with Apollo (NYSE:APO), BlackRock (NYSE:BLK), Blackstone (NYSE:BX), Brookfield (NYSE:BAM), Goldman Sachs (NYSE:GS) and KKR (NYSE:KKR) to establish independent computing…
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Intel Raises $20 Billion in Upsized Share Sale to Support Chip Manufacturing Expansion
Intel (NASDAQ:INTC) raised $20 billion through an expanded share offering on Tuesday, taking advantage of the sharp rally in its stock to secure additional funding for its capital-intensive push into contract chip manufacturing. The chipmaker priced the offering at $95 per share, representing a 2.6% discount to its previous closing price. Intel had initially announced…
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Toyota Recalls More Than 508,000 U.S. Vehicles Over Instrument Cluster Display Fault
Toyota (NYSE:TM) is recalling more than 508,000 vehicles in the United States because of an instrument cluster display problem that could prevent drivers from receiving important safety information. The National Highway Traffic Safety Administration said on Tuesday that the recall covers 508,354 vehicles, including certain 2025 and 2026 Camry Hybrid models. Display failure could affect…
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Rocket Lab Shares Fall as Earnings Miss and Margin Outlook Raise Profitability Concerns
Rocket Lab (NASDAQ:RKLB) shares came under pressure after the space technology company reported quarterly results that highlighted strong revenue growth but disappointed Wall Street on earnings and its profitability outlook. The company posted a loss of $0.08 per share, compared with analysts’ expectations for a loss of $0.06 per share, representing a 33.33% miss. The…
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Oil Jumps Over 2% as U.S.-Iran Peace Prospects Fade and Hormuz Risks Persist
Oil prices climbed more than 2% on Tuesday to their highest levels in over a week as expectations for a U.S.-Iran agreement weakened, keeping concerns over restricted energy flows through the Strait of Hormuz firmly in focus. Brent crude futures rose $1.92, or 2.19%, to $89.64 a barrel by 0805 GMT, while U.S. West Texas…
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Gold Climbs to More Than Two-Month High as Iran Talks and U.S. Inflation Take Focus
Gold prices extended their gains on Tuesday, holding close to their highest level in more than two months as renewed investor demand outweighed pressure from a stronger U.S. dollar, higher Treasury yields and rising energy prices. At 00:56 ET (04:56 GMT), XAU/USD gained 0.4% to $4,407.79 an ounce, while gold futures advanced 1.1% to $4,467.59.…
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U.S. Futures Flat as Trump Rejects Iran Reparations, Intel Raises $20 Billion: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures traded close to unchanged on Tuesday as investors monitored renewed Middle East tensions, higher oil prices and developments across the artificial intelligence sector ahead of key inflation data later this week. By 03:05 ET (07:05 GMT), Dow futures were down 51 points, or 0.1%, while S&P 500 and Nasdaq 100 futures were…
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Wall Street Drifts Lower as Oil Climbs and Investors Await Key Inflation Data
U.S. stocks edged lower on Monday in a quiet, cautious session as traders looked ahead to a heavy week of inflation reports and Treasury auctions. Rising oil prices lifted energy shares but did little to change the broader mood, with the major indexes hovering just below the record highs reached late last week. The pullback…
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InTest posts third profitable quarter in a row
Demonstrating sustained operational momentum, InTest Corporation (NYSEAM: INTT) closed Q2 2026 in positive financial territory—marking its third consecutive quarter of profitability. Driven primarily by robust demand across the automotive and industrial sectors, the global testing and process technology supplier generated US$35.3 million in revenue, representing a US$1.4 million sequential increase over Q1 and a US$7.2…