UK building materials supplier Forterra reports lower revenue and profit but improves margins via cost cuts and pricing actions. Forterra posted a 12.7% decline in adjusted pre-tax profit to £14.5 million for the first half, as like-for-like revenue fell 9% to £169 million
Coats Group reported organic revenue growth in H1, offsetting a mid-single-digit drop in apparel and footwear markets. Coats Group posted a 1% organic revenue increase to $837 million in the first half, defying an estimated mid-single-digit decline in its apparel and footw
SpaceX will release its inaugural quarterly results as a public company, with insider share sales permitted two days later. SpaceX, which completed the largest IPO in history last month, will report its first earnings as a public company on August 4. The company’s stock de
Nvidia's $250 billion financing guarantee for OpenAI raises counterparty default concerns amid comparisons to 2000 telecom vendor lending collapses. Jim Cramer warned that Nvidia’s reported $250 billion financing guarantee for OpenAI mirrors risky vendor lending deals that
The utility reports 21 gigawatts of interest from AI data centers, with 12 GW in active talks for service by 2028. NextEra Energy (NEE) has attracted 21 gigawatts of power demand from large-load customers, including hyperscale data centers, driven by AI growth. The company
New rules levy annual income tax on gains from assets held in offshore trusts, targeting tax avoidance by high-net-worth individuals. China will tax gains on assets placed into offshore trusts, including shares and real estate, effective immediately. The Ministry of Financ
Robinhood leads tokenized stock platforms by holder count but trails peers in total value, averaging just $134 per holder. Robinhood has become the largest platform for tokenized stock holders, reaching 328,000 users since its July 1 launch. The surge contributed to a 92%
Kumba Iron Ore reported strong 1H results with a 35% EBITDA margin and raised its interim dividend to R7.90 per share. Kumba Iron Ore Limited delivered a 35% EBITDA margin for the first half of the year, driven by an average realized export price of $90 per wet metric tonn
MSCI All Country World index drops 0.5% as Asian chipmakers plunge over 10%, fueled by China competition fears and AI funding concerns. Global stocks fell to their lowest level in a month as a sharp decline in chipmakers weighed on investor sentiment. The MSCI All Country
The $77 per share offer represents an 86% premium as argenx expands its pipeline with Forte’s Phase II anti-CD122 antibody. Argenx will acquire Forte Biosciences for $2.2bn in equity value, pending standard closing conditions and shareholder approval. The deal, expected to
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