Nikkei and Kospi down 3.8% and 5.6% respectively Japan's Nikkei is down 3.8%, with SoftBank falling 12% due to its bet on OpenAI. The decline in Asian markets is attributed to the potential delay of OpenAI's IPO. South Korea's Kospi is also down 5.6%, with
Global equities retreat after mixed US session, with Trump Media shares down 50% year-to-date amid valuation concerns. US equity index futures declined early Friday, with E-mini S&P 500 (ES) down 0.2% and Nasdaq-100 (NQ) off 0.7%, following Thursday’s uneven performance. A
Chicago Fed President highlights unusual labor stability and cautions against over-reliance on forward guidance amid inflation uncertainty. Chicago Fed President Austan Goolsbee highlighted a stagnant US labor market, where hiring and layoff rates remain unusually low for
FedEx Freight revenue reaches $2.4 billion FedEx Freight reported fiscal fourth quarter revenue of $2.4 billion, exceeding the $2.26 billion consensus forecast. The company's adjusted operating income fell 24% to $363 million, beating expectations of $359.
The contract covers over 1.98K tactical missiles and related equipment for U.S. military and foreign military sales. RTX has secured a $1.11 billion contract modification to produce and deliver AIM-9X Sidewinder missiles and associated components. The deal supports U.S. mi
The modification raises the total contract value to $849.9M for General Dynamics Land Systems' Abrams Engineering Program. General Dynamics Land Systems, a division of General Dynamics (GD), received a $209.3M contract modification for the Abrams Engineering Program. The a
The AI firm targets a $1 trillion valuation before going public, citing investor sentiment and market volatility risks. OpenAI is reportedly postponing its initial public offering until 2027, as it seeks to avoid unfavorable market conditions. The decision follows concerns
The fintech firm announced a stock repurchase program exceeding $500M, driving a 5.4% after-hours gain. Wise Group (WSE) shares climbed 5.4% in after-hours trading following the announcement of a $500M stock buyback program. The company expects the repurchase to exceed the
Dime Community Bancshares sets a $0.25 dividend for Q2, matching prior payouts with a 2.5% forward yield. Dime Community Bancshares declared a $0.25 per share quarterly dividend, consistent with its previous distribution. The payout yields 2.5% on a forward basis, aligning
ICF expands its share-repurchase authorization to $100M, adding to the $65M remaining in its prior program. ICF announced an additional $100M share-repurchase authorization, increasing its total capacity as the company remains active in the market. The move builds on a pri
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