Finance and markets: business, quotes, gold, energy and releases.
Found 2197 articles
Nippo Ltd. (9913.TO) reported a net profit of ¥1.23 billion for the nine months ending December 31, 2024, marking a steady year-on-year increase from ¥1.09 billion. The firm saw growth across all major financial metrics, supported by a rise in group revenue to ¥34.29 billion during the period.
Taiyo Holdings Co. Ltd. reported a sharp increase in profitability for the nine months ended Dec. 31, with net profit climbing to ¥17.45 billion. The Tokyo-listed manufacturer saw growth across all major financial metrics, driven by a double-digit rise in consolidated revenue.
Enphase Energy shares jumped 22% in after-hours trading Tuesday after the Fremont-based company reported fourth-quarter results and a revenue forecast that exceeded analyst expectations, despite a year-over-year decline in overall performance.
Nintendo shares plummeted 11% in Tokyo on Wednesday after the gaming giant maintained its conservative annual guidance despite reporting nine-month earnings that have already surpassed its full-year profit target.
Corteva reported a wider net loss for the fourth quarter as seasonal timing shifts pressured volumes in its seed and crop protection segments. While revenue of $3.91 billion missed Wall Street estimates, the agricultural leader met adjusted earnings expectations and narrowed its long-term financial outlook for 2026.
Lam Research Corp. has appointed Sesha Varadarajan as its new chief operating officer, effective March 6. Varadarajan succeeds the retiring Pat Lord, taking over the semiconductor equipment maker’s global product portfolio and strategic initiatives during a pivotal period for the chip industry.
Kandal M Venture Limited has named Fok Yui Kwong as its new chief executive and executive director, effective Feb. 1, as the leather goods manufacturer transitions its top leadership.
Ring Energy has appointed Sundip Singh Johl as its new chief financial officer, effective Feb. 27, bringing a veteran of energy investment banking to lead the company’s financial strategy.
Raw material producers saw a significant lift as gold and silver prices recovered from a historic selloff. The rebound, led by a massive surge in gold futures, helped stabilize a sector that faced extreme volatility late last week.
Energy shares and crude futures climbed on Thursday following a military escalation in the Persian Gulf, where U.S. forces downed an Iranian drone. The surge comes amid heightened geopolitical risks in the Middle East and renewed Russian strikes on Ukraine's power grid, pushing oil prices up more than 1% in a single session.
Industrial and transportation shares advanced as a wave of robust quarterly results fueled investor confidence in "old economy" sectors. From infrastructure hardware to packaging, companies across the industrial spectrum reported strong demand and pricing power, supporting a broader market shift away from heavy technology concentration.
Healthcare indices retreated as disappointing earnings from industry heavyweights Pfizer and Novo Nordisk overshadowed a strong performance from Merck. While vaccine demand continues to wane, new pricing pressures on blockbuster weight-loss drugs are signaling significant long-term headwinds for the sector.
Technology shares slumped as Anthropic’s new legal-analysis software signaled a shift in the competitive landscape, raising questions about the future of traditional data firms and the sustainability of AI infrastructure costs.
The consumer sector experienced a sharp divide as investors retreated from high-risk positions, even as Walmart crossed a historic $1 trillion market capitalization and homebuilders rallied on new development reports.
Financial institutions faced a sharp sell-off as a sudden plunge in Bitcoin and mounting anxieties over artificial intelligence's impact on software firms triggered a broad market retreat. The downturn hit major cryptocurrency exchanges and private-credit giants alike, erasing billions in market value across the sector.
Communications and publishing stocks retreated on Monday as investors weighed the disruptive potential of new artificial intelligence tools in the specialized legal sector. The sell-off, triggered by a strategic product launch from AI startup Anthropic, hit major industry players including Thomson Reuters and News Corp, while Disney faced separate pressure following a leadership transition announcement.
H&R Block reported a narrower-than-expected adjusted loss for its fiscal second quarter, buoyed by an 11% revenue jump as the company leveraged higher pricing and increased volume across its tax preparation services.
Shares of power producers climbed as investors pivoted toward defensive assets, spurred by growing concerns over how artificial intelligence might disrupt the broader software industry. This rotation highlights a tactical retreat from high-growth tech toward the stability of traditional utility providers.
Wytec International has fully restored its information technology systems and internal data after a recurring cyberattack forced the company to take its web presence offline. According to a Securities and Exchange Commission filing on Tuesday, the company is now modernizing its digital infrastructure after authorities concluded an investigation into the breach.
Investors reacted bullishly to a trio of corporate earnings reports on Tuesday evening, as Match Group, Take-Two Interactive, and Enphase Energy all posted results or guidance that cleared Wall Street’s performance bars.
Advanced Micro Devices is maintaining a cautious stance on its long-term revenue outlook for China, despite a significant fourth-quarter sales boost tied to shifting trade restrictions. While the chipmaker continues to navigate a complex regulatory landscape, CEO Lisa Su emphasized that the dynamic nature of U.S.-China relations prevents the company from factoring these sales into its multi-year projections.
Shares of Silicon Laboratories soared late Tuesday following reports that semiconductor giant Texas Instruments is in advanced negotiations to acquire the chip designer for approximately $7 billion.
Semiconductor giant Infineon Technologies has agreed to acquire the non-optical analog and mixed-signal sensor business of Ams-Osram in an all-cash deal valued at 750 million euros ($886.1 million). The divestment, announced Tuesday, marks a strategic pivot for Ams-Osram as it narrows its focus toward core optical technologies while offloading assets serving the automotive, industrial, and medical sectors.
Live Nation Entertainment has agreed to acquire Italian venue operator ForumNet Group from Bastogi, a move that brings one of Southern Europe’s busiest arenas under its management. The deal includes the Unipol Forum, a 15,800-seat multipurpose facility that attracts roughly 2 million attendees annually for music and sporting events.
Electronic Arts reported a sharp decline in third-quarter profit despite a revenue uptick, as the gaming giant prepares for a massive private equity takeover. While net bookings surged 38% on the back of its rebranded soccer franchise, the Redwood City-based company saw net income fall to $88 million amid the transition toward a $55 billion privatization deal led by Saudi Arabia’s Public Investment Fund and Silver Lake.
Clorox reported a decline in second-quarter profit as shifting consumer behavior and macroeconomic pressures weighed on sales volumes. Despite a slight revenue beat against analyst expectations, the cleaning-products giant struggled with lower consumption across its core household and lifestyle segments, reflecting a broader trend of value-seeking among inflation-weary shoppers.
Industrial giant 3M has authorized a 6.8% increase to its quarterly dividend, raising the payout to 78 cents per share from the previous 73 cents. The move, announced Tuesday, signals the company's continued focus on shareholder returns following a steady performance in the public markets.
Powell Industries announced on Tuesday that its board of directors has approved a 0.9% increase to its quarterly cash dividend, signaling a steady return of capital to shareholders despite a high-flying stock price.
Tandy Leather Factory Inc. will issue a special cash dividend of $0.75 per share to its stockholders next month, following a period of significant operational restructuring that included moving its primary distribution hub.
Members of Mexico’s national retail association, Antad, are set to ramp up capital expenditure to $3.7 billion in 2026, targeting physical expansion and digital infrastructure. This projected increase follows a year of steady growth where total sales reached $97.3 billion, driven by a significant surge in e-commerce and resilient department store performance.