MEC seeks to raise capital through an underwritten offering, with underwriters granted a 30-day option to buy additional shares. Mayville Engineering Company (MEC) has initiated a public offering of its common stock, with all shares sold by the company. The move aims to ra
TOL lifts full-year outlook after reporting $2.72 EPS in Q2, exceeding expectations amid higher home sales revenue. Toll Brothers reported fiscal second-quarter earnings per share of $2.72, surpassing market expectations as home sales revenue climbed. The homebuilder raise
ZOOZ Strategy will consolidate shares at a 1-for-20 ratio effective June 1, 2026, reducing outstanding share count. ZOOZ Strategy announced a 1-for-20 reverse share split of its ordinary shares, set to take effect before market open on June 1, 2026. The move will consolida
A surprise inventory decline in crude oil inventories contrasts with flat market close amid geopolitical tensions and mixed signals. A private survey revealed a crude oil inventory draw of 3.4 million barrels, exceeding expectations of a 2.1 million barrel decline. Distill
API data shows a larger-than-expected draw, though inventories remain 26 million barrels higher year-to-date. US crude oil inventories fell by 9.1 million barrels in the week ending May 15, exceeding analyst forecasts of a 3.4 million-barrel decline. The draw follows a 2.1
Toll Brothers' Q2 GAAP EPS beats estimates Toll Brothers reported Q2 GAAP EPS of $2.72, exceeding expectations by $0.14. The company's revenue was $2.53 billion, a $110M beat. Backlog value decreased to $6.32 billion from $6.84 billion in the same period last yea
Coca-Cola shares extend gains for a seventh day, outperforming broader market trends with a 3.55% rise over the past week. Coca-Cola Co (KO) closed 0.89% higher at $81.92 on Tuesday, marking its seventh consecutive session in positive territory. The stock has gained over 3
Geopolitical risks and higher bond yields lift the dollar, while US stocks and yields dip amid renewed Iran conflict concerns. The US dollar strengthened at the start of trading, supported by rising global bond yields and escalating Middle East tensions. Major US stock ind
US private payrolls hit a record 42,250 weekly average, boosting USD as geopolitical risks rise after Trump’s Iran remarks. The US Dollar Index climbed toward 99.30 after ADP data showed private employers added 42,250 jobs weekly, the strongest reading since the series beg
Technology and small-cap stocks led declines as rising bond yields and Middle East tensions weighed on investor sentiment. Major US stock indices closed lower as rising global bond yields, geopolitical risks in the Middle East, and inflation concerns pressured markets. The
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