Nordic group Orkla acquires minority stake in Asian sauces maker Go-Tan, targeting expansion in high-growth sauces segment. Orkla Foods has agreed to acquire a 40% stake in Netherlands-based Asian sauces producer Go-Tan from its founding family. Financial details of the tr
China’s Geely aims to streamline operations and focus resources on its Hong Kong-listed arm, Geely Automobile Holdings. Geely Holding Group will simplify its corporate structure by shutting, merging, or reorganizing redundant entities. The move targets improved governance
The IoT solutions provider reported $114.5 million in revenue, exceeding expectations by $1.51 million. PowerFleet posted Q4 non-GAAP earnings per share of $0.04, beating estimates by $0.02. Revenue reached $114.5 million, up 11% year-over-year and $1.51 million above cons
Elon Musk’s SpaceX becomes the most valuable private company post-IPO, eclipsing Tesla’s market cap amid broader tech sector gains. SpaceX’s valuation exceeded Tesla’s following its historic initial public offering, which raised over $100 billion and made Elon Musk the wor
The agreement to reopen the Strait of Hormuz spurs equity gains, though oil prices may stay elevated amid inventory replenishment delays. U.S. stock index futures surged after Washington and Tehran announced a peace deal restoring shipping through the Strait of Hormuz, a c
The Tex-Mex chain shut 33 company-operated locations after restructuring and bankruptcy, shifting focus to franchise sites. On The Border Mexican Grill & Cantina closed all 33 of its company-owned US restaurants on 12 June 2026. The decision follows a prolonged restructuri
Shares of Roku jumped after reports indicated the company is in discussions with at least one media firm for a possible sale. Roku (NASDAQ: ROKU) shares climbed 20% following reports that the streaming platform is exploring a potential sale. The company is reportedly in ta
Rising 30-year Treasury yields and persistent core inflation pressure Fed rate hike expectations for 2026. The 30-year Treasury yield climbed to a 19-year high last month, signaling potential stock market volatility. The move reflects growing investor bets on Federal Reser
Nvidia (NASDAQ: NVDA) has proven itself to be an excellent investment in recent years -- it's soared 1,000% over the past five. The artificial intelligence (AI) chip giant has been among the first companies to monetize its AI investments in a big way This is because
Warren Buffett's Successor, Greg Abel, Is Betting Big on a Virtual Monopoly That's About to Become Berkshire Hathaway's 4th-Largest Holding This year marks a new era for the trillion-dollar company that billionaire Warren Buffett built. The Oracle of Omaha retired as Berks
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