Category: Latest News

Initial unemployment claims decline New data released by the U.S. Department of Labor on Thursday showed that the number of Americans filing first-time applications for unemployment benefits fell unexpectedly in the week ended July 11. Initial jobless claims totaled 208,000, down 8,000 from the revised figure of 216,000 recorded the previous week. The latest reading…

Distribution Solutions Group (NASDAQ:DSGR) shares surged 25% after the industrial distribution company agreed to be acquired by affiliates of LKCM Headwater Investments in an all-cash transaction valued at $35.00 per share. Trading in the stock was temporarily halted ahead of the announcement before resuming with sharp gains following confirmation of the deal. LKCM Headwater to…

SharonAI Holdings Inc. (NASDAQ:SHAZ) shares gained 10% after the company announced a five-year cloud computing services contract worth approximately $1.32 billion with a global artificial intelligence laboratory. The agreement will see Sharon AI provide cloud computing infrastructure through data centres located in New Zealand, with revenue expected to begin flowing during the first and second…

Bank7 Corp. (NASDAQ:BSVN) reported second-quarter results that fell short of Wall Street expectations, with both earnings and revenue coming in below analyst forecasts after a one-time loss related to the sale of energy assets affected profitability. The bank posted earnings of $0.87 per share, missing the consensus estimate of $1.04, while revenue totaled $22.91 million,…

State Street Corporation (NYSE:STT) reported stronger-than-expected second-quarter results, with earnings and revenue both surpassing Wall Street forecasts as the company benefited from record levels of client assets and broad-based fee growth. The financial services group posted earnings of $3.65 per share, ahead of the analyst consensus of $3.32. Revenue climbed to $4.05 billion, exceeding expectations…

ManpowerGroup (NYSE:MAN) reported second-quarter results that topped Wall Street expectations, with stronger earnings and revenue helping drive its shares more than 8% higher in premarket trading. The workforce solutions company posted adjusted earnings of $0.99 per share, exceeding the analyst consensus of $0.95. Quarterly revenue reached $4.9 billion, ahead of expectations of $4.73 billion and…

Quantum Cyber N.V. (NASDAQ:QUCY) shares gained around 4% after the company announced that its wholly owned subsidiary, Quantum Drones Corporation, had secured approximately $2.09 million in purchase orders linked to a recently acquired manufacturing facility. The orders were transferred to Quantum Drones as part of the acquisition of a 50,000-square-foot production site, providing the company…

Abbott Laboratories (NYSE:ABT) delivered stronger-than-expected second-quarter results and increased its full-year earnings guidance, sending its shares about 2.5% higher in premarket trading. The healthcare company reported adjusted earnings of $1.31 per share, exceeding the analyst consensus of $1.28. Revenue reached $12.59 billion, ahead of the expected $12.52 billion, representing reported growth of 13.0% and comparable…

UnitedHealth Group (NYSE:UNH) delivered stronger-than-expected second-quarter results and increased its full-year guidance, prompting shares to climb about 7% in premarket trading as investors welcomed the improved outlook. The healthcare company reported adjusted earnings of $6.38 per share, comfortably ahead of the analyst consensus of $4.85. Revenue reached $112.0 billion, exceeding expectations of $110.76 billion and…