Category: Latest News
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Amentum awarded $425 million CAL FIRE aviation support contract
Amentum (NYSE:AMTM) has secured a $425 million contract from the California Department of Forestry and Fire Protection (CAL FIRE) to deliver aerial firefighting support services. The agreement runs for an initial three-year term and includes two optional extensions that could lengthen the partnership. Under the contract, Amentum will coordinate the training, scheduling and deployment of…
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Delta increases checked baggage fees amid rising fuel costs
Delta Air Lines (NYSE:DAL) said Tuesday it will raise fees for checked baggage on domestic flights and certain short-haul international routes, as carriers seek to manage higher jet fuel costs tied to escalating tensions in the Middle East. The move marks Delta’s first increase in domestic baggage fees in two years and comes after similar…
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U.S. durable goods orders fall more than expected, weighing on dollar outlook
The latest data on U.S. durable goods orders showed a sharper decline than economists had predicted, raising fresh concerns about the strength of the manufacturing sector and its potential impact on the broader economy. Orders for durable goods dropped 1.4%, exceeding the expected decrease of 1.1%. The larger-than-anticipated fall suggests manufacturers are facing weaker demand…
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Futures Signal Lower Start for Wall Street: Dow Jones, S&P, Nasdaq
U.S. stock futures indicated a weaker open on Tuesday, suggesting equities may retreat after posting gains in recent trading sessions. Investor caution comes as markets closely monitor developments in the Middle East ahead of an 8 p.m. ET deadline set by U.S. President Donald Trump for Iran to reach an agreement. Trump has warned that…
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Estée Lauder and Puig families set to discuss potential merger this week – report
Representatives of the families controlling Estée Lauder (NYSE:EL) and Puig (BIT:1PUIG) are expected to meet in New York this week to explore the terms of a possible merger between the two beauty groups, according to a report by Spanish newspaper Expansion, citing unnamed market sources. According to the report, the talks will center on key…
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GE Vernova teams up with AFRY to advance small modular reactor projects in Europe
GE Vernova (NYSE:GEV) Hitachi Nuclear Energy has entered into a Main Services Agreement with Swedish engineering and project management group AFRY to support the rollout of its BWRX-300 small modular reactor (SMR) technology across Europe. The non-exclusive partnership will see AFRY provide engineering and advisory services, drawing on its regional expertise and strong presence across…
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Apple’s foldable iPhone may face delays due to engineering challenges, report says
Apple (NASDAQ:AAPL) is encountering technical challenges during the engineering test phase of its first foldable iPhone, potentially pushing back the timeline for mass production and initial shipments, according to a report by Nikkei Asia on Monday. Citing people familiar with the matter, the publication said issues discovered during early development testing could delay the device’s…
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Ford recalls more than 420,000 U.S. vehicles over potential windshield wiper failure
Ford Motor (NYSE:F) is recalling more than 420,000 vehicles across the United States due to a potential defect that could cause windshield wipers to stop working, according to a notice issued Tuesday by the U.S. National Highway Traffic Safety Administration (NHTSA). The recall affects 422,613 vehicles, including certain Lincoln Navigator and Ford Expedition sport utility…
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Broadcom shares jump after securing long-term AI chip and networking agreements with Google
Broadcom Inc (NASDAQ:AVGO) shares rose nearly 4% in premarket trading on Tuesday after the company revealed major long-term agreements with Google (NASDAQ:GOOGL). A regulatory filing released Monday outlined an expanded partnership focused on developing custom silicon and networking infrastructure for artificial intelligence systems over the coming years. As part of the new arrangements, the two…
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Oil prices climb further as Trump’s Iran deadline approaches and ceasefire prospects fade
Oil prices continued to rise during Asian trading on Tuesday as markets prepared for the possibility of heightened tensions in the Middle East ahead of U.S. President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz. At 03:15 ET (07:15 GMT), Brent crude futures for June delivery were up 1.5% at $111.37 per…