Category: Latest News
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Stanley Black & Decker outlines $1 billion U.S. investment through 2028
Stanley Black & Decker (NYSE:SWK) plans to invest $1 billion across its U.S. operations through 2028, with spending focused on research and development, manufacturing capabilities and workforce development. The New Britain, Connecticut-based company said the programme is intended to support the development of new products while strengthening its domestic manufacturing infrastructure and preparing workers for…
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Similarweb shares surge after earnings beat and upgraded 2026 outlook
Similarweb Ltd. (NYSE:SMWB) shares jumped 17% in premarket trading on Wednesday after the digital data and analytics company reported second-quarter earnings and revenue above Wall Street expectations and raised its full-year guidance amid strong demand for AI-related solutions. Adjusted earnings per share came in at $0.06, double the analyst consensus estimate of $0.03. Revenue increased…
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NeOnc Technologies shares jump after positive Phase 2a glioma results
NeOnc Technologies Holdings, Inc. (NASDAQ:NTHI) shares climbed 11.7% after the biotechnology company announced positive topline results from a Phase 2a study evaluating intranasal NEO100 in patients with recurrent IDH1-mutant high-grade glioma. The trial achieved its primary endpoint, with six-month progression-free survival reaching 48.9%. That compared with a pre-specified standard-of-care benchmark of 20%, with the result…
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Neurocrine Biosciences shares fall amid Vykat safety concerns
Neurocrine Biosciences (NASDAQ:NBIX) shares dropped 5.8% following reports of patient deaths and serious adverse events potentially associated with Vykat, a treatment for Prader-Willi syndrome. According to Stat News, physicians and experts specialising in the rare condition alerted clinicians to several deaths and severe side effects reported among patients who had been prescribed the drug. Prader-Willi…
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Home Depot CEO Ted Decker begins temporary medical leave
Home Depot (NYSE:HD) announced that chair, president and chief executive officer Ted Decker is taking a temporary medical leave of absence, with the retailer expecting him to return to his duties within the next few months. The company has put an interim leadership structure in place to oversee operations and financial management while Decker is…
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U.S. CPI rises 0.1% in July, matching market expectations
U.S. consumer prices increased by 0.1% in July, exactly in line with economists’ forecasts, providing investors with fresh evidence that inflationary pressures remained relatively contained during the month. The Consumer Price Index is one of the most closely followed measures of inflation in the United States, offering insight into changes in household costs and broader…
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U.S. stocks set to rebound as inflation data matches forecasts: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to a higher open on Wednesday, suggesting equities could recover following the previous session’s declines after closely watched inflation figures came in broadly in line with economists’ expectations. Futures strengthened after the Labor Department reported that consumer prices increased 0.1% in July following a 0.4% decline in June. The monthly rise…
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Goldman Sachs to acquire Neos Investments in deal worth up to $2.25 billion
Goldman Sachs Group Inc. (NYSE:GS) has agreed to acquire Neos Investments for up to $2.25 billion in cash and equity, expanding the Wall Street bank’s position in the rapidly growing actively managed exchange-traded fund market, according to a Bloomberg report on Wednesday. The transaction will add Neos’s expanding portfolio of ETFs to Goldman Sachs Asset…
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Ituran beats Q2 forecasts as revenue reaches record $104.8 million
Ituran Location and Control Ltd. (NASDAQ:ITRN) reported second-quarter earnings and revenue above Wall Street expectations on Wednesday, supported by strong growth in its recurring subscription business and continued expansion of its subscriber base. The shares showed little movement in after-hours trading following the announcement. Adjusted earnings per share reached $0.88, beating the analyst consensus estimate…
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Riskified shares surge after revenue beat and upgraded full-year guidance
Riskified Ltd. (NYSE:RSKD) shares jumped 7% in premarket trading on Wednesday after the ecommerce fraud and risk intelligence company delivered second-quarter revenue well above Wall Street expectations and raised its full-year outlook. Adjusted earnings per share came in at $0.02, matching analyst estimates. Revenue climbed 22% year on year to $98.7 million, comfortably exceeding the…