Category: Latest News
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Archer Aviation stock rises as Anduril partnership unveils new autonomous VTOL defense aircraft
Archer Aviation (NYSE:ACHR) shares climbed 5% on Monday after the company introduced a new autonomous vertical takeoff and landing (VTOL) aircraft platform developed with Anduril and confirmed it will unveil its first commercial customers later this week. The companies presented the new series hybrid-electric VTOL platform at the Farnborough Airshow, highlighting its potential for both…
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NN secures firearms component manufacturing contracts, sending shares higher
NN, Inc. (NASDAQ:NNBR) shares climbed 8% on Monday after the precision components manufacturer announced new contract manufacturing agreements to supply firearms components to a leading U.S. firearms company. The agreements mark the company’s entry into Tier 1 contract manufacturing for firearm components following a multi-year development programme focused on advanced titanium machining and surface treatment…
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Domino’s Pizza revenue tops forecasts despite second-quarter earnings miss
Domino’s Pizza Inc. (NASDAQ:DPZ) reported second-quarter results that exceeded revenue expectations but delivered earnings below Wall Street forecasts, while the company’s shares climbed 4.7% in premarket trading following the release. Adjusted earnings per share came in at $4.07, missing analysts’ expectations of $4.19 by $0.12. Revenue rose to $1.19 billion, ahead of the consensus estimate…
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Five market events investors should watch this week
Investors face another busy week as major technology companies prepare to report earnings, central banks weigh inflation risks and geopolitical tensions continue to influence global markets. Developments surrounding artificial intelligence, the conflict in the Middle East and key economic data releases are all expected to shape investor sentiment in the days ahead. 1. Technology earnings…
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SpaceX sets new Starship launch attempt for Thursday after previous countdown abort
SpaceX (NASDAQ:SPCX) is planning to make another attempt to launch its Starship rocket on Thursday, July 23, after the previous test flight was halted moments before liftoff. The updated schedule was confirmed by the company on Sunday. Earlier, SpaceX Chief Executive Elon Musk had posted on X that the next launch would take place on…
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TSMC sees long-term AI chip demand as Arizona investment expands to $265 billion
TSMC (NYSE:TSM) expects demand for artificial intelligence chips to remain strong for years as it accelerates investment in its manufacturing operations in Arizona, although the company acknowledges labour and infrastructure challenges could affect the pace of expansion. Following stronger-than-expected second-quarter results, Chief Financial Officer Wendell Huang said the chipmaker remains confident in its long-term outlook…
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Novartis pipeline faces critical test as upcoming trial results underpin growth outlook
Novartis (NYSE:NVS) is preparing for a crucial period as investors look beyond its quarterly earnings release on Tuesday and focus on three major clinical trial results expected later this year that could determine the company’s long-term growth trajectory. The Swiss pharmaceutical group’s upcoming studies are widely viewed as key to supporting its premium market valuation,…
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Lockheed Martin unveils lower-cost Patriot ACE interceptor as global air defence demand accelerates
Lockheed Martin (NYSE:LMT) has introduced a lower-cost Patriot interceptor designed to help armed forces strengthen air-defence capabilities while reducing procurement costs, as governments seek affordable solutions to counter drones and missile threats. The company said its new PAC-3 Adapted Capability Effector (ACE) interceptor is expected to cost less than half the price of its existing…
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Honeywell Aerospace secures IndiGo avionics contract and Aeromexico runway safety rollout
Honeywell Aerospace (NASDAQ:HONAV) announced on Monday that it has been selected by IndiGo to provide avionics and power systems for 810 Airbus A320neo-family aircraft. The company also revealed that Aeromexico plans to introduce Honeywell’s runway safety technology across a fleet of more than 100 Boeing aircraft. IndiGo expands partnership with Honeywell Under the agreement, Honeywell…
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Brent crude pulls back after topping $90 as markets assess US-Iran conflict
Oil prices retreated from earlier highs on Monday after an Iranian foreign ministry spokesperson said there was still scope for negotiations with the United States if they aligned with the country’s national interests. Brent crude, the international benchmark, was up 0.2% at $88.26 a barrel by 05:00 ET (09:00 GMT), after earlier climbing to a…