Category: Latest News

Shares of Canada Goose Holdings (NYSE:GOOS) surged 16% on Wednesday after a CNBC report indicated that the luxury outerwear company has received bids to go private, with a valuation near $1.35 billion. Sources familiar with the matter said Bain Capital, Canada Goose’s controlling shareholder, is exploring a sale of its stake and has received proposals…

Shares of Aspen Insurance Holdings Limited (NYSE:AHL) surged 12% after Japanese insurer Sompo Holdings revealed plans to acquire the specialty insurer for $3.5 billion in cash, representing a substantial premium over its recent trading levels. Sompo will pay $37.50 per share for Aspen’s outstanding Class A ordinary shares, a 35.6% premium over Aspen’s unaffected share…

Abercrombie & Fitch Co. (NYSE:ANF) saw its stock rise after reporting stronger-than-expected second-quarter results on Tuesday. Revenue reached a record $1.2 billion, prompting the retailer to lift its full-year sales guidance despite ongoing tariff challenges. The company posted adjusted earnings of $2.32 per share, surpassing analyst estimates of $2.27. Year-over-year revenue increased 7%, topping the…

Shares of BioXcel Therapeutics (NASDAQ:BTAI) jumped 10% after the company announced that its SERENITY At-Home pivotal Phase 3 safety study successfully achieved its primary endpoint. The results support a planned supplemental New Drug Application (sNDA) to expand the labeling of its IGALMI treatment. The trial tested BXCL501, BioXcel’s proprietary sublingual film of dexmedetomidine, for at-home…

China’s semiconductor companies are aiming to expand their artificial intelligence chip output threefold in 2026, in an effort to lessen dependence on Nvidia (NASDAQ:NVDA), according to a report by the Financial Times on Wednesday. The report noted that Huawei intends to begin production at a dedicated AI chip facility by the end of 2025, with…

PayPal Holdings (NASDAQ:PYPL) saw its stock decline after multiple German banks blocked direct debit payments linked to the platform, citing suspicious or potentially fraudulent activity, according to Süddeutsche Zeitung. Shares of the digital payments company fell as much as 3.4% in premarket trading following the report. Merchants using PayPal’s services are reportedly waiting for payments…

J.M. Smucker (NYSE:SJM) reported first-quarter results on Wednesday that aligned with market expectations, while also increasing its sales outlook for the full year. However, the company’s profit guidance came in below analyst estimates. Shares of the packaged food company slid nearly 7% in premarket trading following the announcement. The company posted earnings per share of…

Kohl’s Corporation (NYSE:KSS) saw its stock surge roughly 15% in premarket trading Wednesday after reporting second-quarter results that significantly exceeded analyst expectations, despite ongoing challenges in a tough consumer environment. The retailer posted adjusted earnings per share of $0.56 for the quarter ending August 2, 2025, surpassing the consensus estimate of $0.30 by 26 cents.…

Gold mining leader Newmont Corp (NYSE:NEM) is reportedly preparing for significant layoffs as part of a broad effort to reduce costs, according to Bloomberg News. The company, the world’s largest gold producer, is reviewing ways to streamline expenses following its $15 billion acquisition of Newcrest Mining Ltd. in 2023. Bloomberg reports that Newmont has directed…

Foot Locker, Inc. (NYSE:FL) saw its stock decline on Wednesday after the company reported second-quarter results that fell below analyst forecasts, as weaker performance in its international and WSS segments offset gains in North America. Shares fell 2.42% in pre-market trading following the announcement. The retailer posted a non-GAAP loss of $0.27 per share, missing…