Tessenderlo Group agrees to invest $400M in FMC Corporation, securing a minority equity position at $13.30 per share. Tessenderlo Group will purchase a roughly 20% stake in FMC Corporation for $400M, valuing shares at $13.30 each. The strategic minority investment follows
Progress Software surpasses Zacks Consensus Estimate of $1.49 per share, reporting adjusted earnings of $1.62 for the quarter. Progress Software reported second-quarter earnings of $1.62 per share, exceeding the Zacks Consensus Estimate of $1.49. The result reflects strong
June’s PMI revision to 51.5 signals sustained expansion, exceeding initial estimates and May’s reading. Australia’s manufacturing sector expanded for a third straight month in June, with the S&P Global PMI revised upward to 51.5, the highest since January. The reading surp
Circle removed from Russell indexes, potentially impacting liquidity Circle was removed from several major Russell Growth Indexes during the annual reconstitution on June 26. The move could prompt institutions and passive funds tracking these benchmarks to reduce thei
Nasdaq-100 index gains 21% in second quarter The Nasdaq-100 staged a remarkable comeback, rallying 21% in the second quarter. The index had opened the year on a weak note with a nearly 7% decline in the first quarter. Semiconductor stocks pushed the index h
Nike projects revenue to shrink 1-5% in fiscal 2026 as it focuses on gross margin expansion starting in Q1. Nike expects revenue to decline by low- to mid-single digits in fiscal 2026, signaling cautious optimism amid a turnaround strategy. The company aims to improve gros
Uber-backed e-scooter firm Lime secures $174M in its U.S. public debut at the midpoint of its targeted range. Lime, operating as Neutron Holdings (LME), raised $174M in its U.S. initial public offering after pricing shares at $25 each, the midpoint of its marketed range. T
Record semiconductor sales drove exports to their fastest growth in decades, offsetting a 2% KOSPI decline on profit-taking. South Korean exports surged at their fastest pace in decades, fueled by record AI chip sales that outpaced even the most optimistic forecasts. The t
The June PMI print of 51.7 signals slight expansion in China’s factory activity, exceeding expectations of 51.6. China’s S&P Global/Rating Dog Manufacturing PMI for June reached 51.7, slightly above the consensus estimate of 51.6. The reading indicates continued, albeit mo
NKE stock dropped nearly 2% after reporting $10.97B in Q4 revenue, topping expectations but failing to reassure investors on turnaround progress. Nike reported fiscal fourth-quarter revenue of $10.97 billion, down 1% year over year but above Wall Street estimates of $10.86
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