Category: Latest News
-
Cadeler Posts Strong Q2 Results, Shares Rise
Shares of Cadeler As (NYSE:CDLR) climbed more than 2% on Tuesday after the offshore wind specialist reported second-quarter earnings that significantly surpassed analyst expectations. Net income reached €166 million, far exceeding the Bloomberg consensus of €56 million. EBITDA totaled €189 million, well above the predicted €107 million, while revenues increased to €233 million compared with…
-
Heico Q3 Earnings Beat Expectations as Flight Support Unit Excels, Shares Rise
Heico Corporation (NYSE:HEI) reported fiscal third-quarter results on Monday that surpassed Wall Street expectations, driven by strong performance in its flight support division and contributions from recent acquisitions. Shares of Heico climbed over 1% in premarket trading on Tuesday following the announcement. The aerospace and electronics firm posted Q3 earnings per share of $1.26 on…
-
Gilead Secures European Approval for Twice-Yearly HIV Prevention Shot
Gilead Sciences (NASDAQ:GILD) announced Tuesday that the European Commission has approved its biannual injection for HIV prevention, marking a major regulatory achievement following its U.S. clearance earlier this year. The medication, lenacapavir, will be marketed in Europe under the brand name Yeytuo. In the U.S., it is sold as Yeztugo, having received authorization in June.…
-
Dollar Recovers After Early Drop; Euro Under Pressure From French Politics
The U.S. dollar steadied Tuesday after initially falling, following President Donald Trump’s announcement that he had dismissed Federal Reserve Governor Lisa Cook. The move has intensified concerns about the central bank’s independence. By 04:35 ET (08:35 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, was largely unchanged at…
-
Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets React to Trump’s Fed Moves, Nissan Sell-Off, Tariff Threats, and Gold Surge
U.S. stock futures edged lower Tuesday as investors assessed the implications of President Donald Trump’s dismissal of Federal Reserve Governor Lisa Cook. Gold, meanwhile, climbed to a two-week high as demand for safe-haven assets rose. Trump also hinted at possible new tariffs targeting the European Union and China. On the corporate front, Nissan shares dropped…
-
Gold Surges to Two-Week Peak as Trump-Fed Clash Intensifies with Cook Dismissal
Gold prices climbed in Asian trading on Tuesday as safe-haven demand picked up amid heightened concerns over the Federal Reserve’s independence after President Donald Trump announced he was removing Governor Lisa Cook. The dollar’s decline also lent support to gold and other metals, which had experienced choppy trading recently due to uncertainty around U.S. interest…
-
Oil Prices Retreat as Market Weighs Russia Supply Risks and Sanctions
Oil prices eased in Asian trading on Tuesday, retracing part of Monday’s gains as investors assessed the risk of additional U.S. sanctions on Russia alongside tentative progress toward a Ukraine peace agreement. As of 21:45 ET (01:45 GMT), October Brent crude fell 0.5% to $68.46 per barrel, while West Texas Intermediate (WTI) dipped 0.6% to…
-
GM Recalls More Than 23,000 Corvette Vehicles Over Fire Risk
General Motors (NYSE:GM) is recalling 23,656 Corvette vehicles due to a potential fire hazard, according to a notice submitted to the National Highway Traffic Safety Administration. The recall covers certain 2023–2025 Corvette models, along with 2026 Corvette Convertible and Coupe vehicles equipped with a left-side radiator/fan assembly. The issue arises from excess fuel that may…
-
BAT CFO Soraya Benchikh Steps Down After Just Over a Year in Role
British American Tobacco (NYSE:BTI) confirmed on Tuesday that Soraya Benchikh has resigned as Chief Financial Officer, effective immediately, after roughly 15 months in the role. Javed Iqbal, who served as interim finance director from May 2023 to April 2024, will return as interim CFO while the company searches for a permanent replacement. “I am proud…
-
U.S. Stocks Close Mostly Lower Following Late-Day Slump
After ending last Friday’s trading sharply higher, stocks moved mostly lower over the course of the trading day on Monday. The major averages turned in a lackluster performance for much of the session before coming under pressure going into the close. The major averages all finished the day in negative territory. The Dow slid 349.27…