President Trump announced on Truth Social that Apple has committed to partnering with Intel to produce semiconductors within the United States. This development follows reports of a preliminary agreement between the two tech giants aimed at shifting a portion of Apple’s hardware manufacturing back to American foundry facilities.
Intel stock surged more than 7% to $129.84 in premarket trading Thursday following President Trump’s announcement that Apple has agreed to collaborate on domestic chip production. The move, disclosed via social media, marks another significant development for the Santa Clara-based company since the federal government acquired a 10% stake last year.
At the VivaTech conference, TotalEnergies unveiled MethaneLive, a real-time monitoring system utilizing 13,000 sensors across its onshore and offshore sites. The initiative aims to detect and mitigate fugitive methane emissions, reinforcing the company's commitment to achieving near-zero methane levels at its operated upstream facilities by 2030.
A 0.8% rise in S&P 500 futures signals potential gains for Wall Street, contrasting with a cautious morning session in Europe where the Stoxx 600 slipped 0.2%. Investors are navigating a day marked by cooling oil prices and a slight retreat in U.S. Treasury yields, while Asian exchanges show mixed results.
After eight years of regulatory hurdles and legal disputes, the National Stock Exchange of India has finally initiated its path to a public listing. The bourse, consistently ranked among the world’s busiest trading venues, seeks to move forward with a share sale involving 6% of its total equity.
A 13% surge in Cambricon Technology shares led a broad rally across China’s AI sector on Thursday, following a pledge from the country’s top securities regulator to accelerate public listings for high-tech firms. The announcement signals a shift toward easing capital market access for developers of large language models.
“We’ll be in India very soon,” Donald Trump declared during a G-7 summit briefing in France, signaling that a long-awaited trade agreement with Prime Minister Narendra Modi is nearing completion. The announcement follows months of friction over tariffs that have tested the economic relationship between the two nations.
Traders pushed oil prices lower across Asian markets Thursday, betting that a secret memorandum of understanding between Washington and Tehran will soon clear the Strait of Hormuz. The agreement, which hinges on the lifting of U.S. sanctions, aims to restore the flow of a vital global shipping artery.
A 59% spike in after-hours trading followed the announcement that Logistic Properties of the Americas will divest its Lima logistics park to Fibra Prime for $145 million. The move marks a pivot for the developer, which intends to channel the resulting capital into expanding its industrial footprint across Mexico.
Investors reacted sharply to the news of a new capital raise, sending Legend Biotech shares down 8% in after-hours trading. The cell therapy developer announced an underwritten public offering of $225 million in American depositary shares, momentarily stalling a year-to-date rally that had pushed the stock up more than 54%.
Targeting a strategic foothold in the European market, TTM Technologies has announced the all-cash acquisition of Swiss Technology Group AG and Germany’s ILFA GmbH. These deals, expected to close in the third quarter, aim to integrate specialized PCB manufacturing and miniaturized technology capabilities into the company's existing global portfolio.
After more than eight years at the helm, Gord Johnston is stepping down as president and CEO of Stantec, with current North America chief operating officer Susan Reisbord slated to take his place on October 1. The transition marks the culmination of a long-standing succession strategy orchestrated by the company’s board.
Shareholders of Investar Holding are set to receive a larger quarterly payout as the company lifts its dividend by 9% to 12 cents per share. This adjustment brings the annual distribution to 48 cents, reflecting a yield of approximately 1.6% based on Wednesday’s closing market price of $29.16.
A 65% surge in Logistic Properties of the Americas shares headlined a volatile after-hours session, as investors reacted to a major asset sale in Peru, while Smith & Wesson enjoyed a double-digit rally following a strong quarterly earnings report that outpaced analyst expectations for revenue growth.
A 27% revenue spike to $178.4 million has propelled Smith & Wesson Brands into a stronger market position, with the company reporting a quarterly profit of $16.2 million. Investors responded swiftly to the results, sending shares up 17% in after-hours trading as the gun maker outpaced federal demand indicators.
After a brief executive search following Shaina Morihira’s departure, energy royalty firm Freehold Royalties has appointed Brad Monaco as its new chief financial officer. Monaco, a veteran of the upstream energy and investment sectors, is scheduled to officially step into the role on June 22.
Following a request for further efficacy data last December, Corcept Therapeutics has officially resubmitted its new drug application for relacorilant. The move marks a renewed attempt to secure regulatory approval for the treatment, which targets Cushing’s syndrome—a debilitating disorder driven by prolonged exposure to excess blood cortisol.
A major shift in regional asset strategy sees Logistic Properties of the Americas divesting its 1.3-million-square-foot facility in the Lurín submarket of Lima. The $145 million sale to Fibra Prime marks a pivot for the developer, which intends to channel the capital into high-growth industrial markets across Mexico.
As Clorox prepares for the departure of CEO Linda Rendle, the consumer goods giant is narrowing its leadership hierarchy to sharpen its focus on core health and hygiene categories. The company confirmed a series of executive shifts Wednesday, designed to streamline decision-making and accelerate innovation across its product portfolio.
Crude futures remain pinned below $80 a barrel as traders brace for the potential normalization of transit through the Strait of Hormuz. This geopolitical uncertainty, compounded by a hawkish signal from the Federal Reserve regarding future interest rate hikes, kept energy shares under pressure throughout the trading session.
Kevin Warsh, the new Federal Reserve Chairman, signaled a firm commitment to a 2% inflation target, unsettling U.S. manufacturing stocks. The central bank's hawkish stance, accompanied by projections for higher borrowing costs, triggered a broad retreat across the industrial sector as investors recalibrated their expectations for interest rates.
The materials sector led a broad retreat in U.S. equities today after the Federal Reserve signaled that further interest rate hikes remain on the table this year. The central bank's decision to maintain current rates, coupled with a hawkish economic forecast, triggered an immediate sell-off across commodity-linked assets.
A hawkish pivot from the Federal Reserve under Kevin Warsh’s chairmanship caught investors off guard today, triggering a broad retreat across the technology sector. The sudden shift in monetary expectations outweighed pockets of growth, leaving markets to recalibrate as borrowing costs remain a central point of tension for high-growth firms.
Following a massive $75 billion market debut, SpaceX has added veteran venture capitalist and former PayPal executive Roelof Botha to its board of directors. The appointment, disclosed in a Wednesday SEC filing, positions the long-time Sequoia Capital partner to lead oversight as a member of the company’s audit committee.
Persistent fears that U.S. borrowing costs will stay elevated until inflation cools to the Federal Reserve’s 2% target triggered a broad selloff across the healthcare sector today. Investors retreated from medical equities, reflecting wider market anxiety over the duration of the current restrictive interest rate environment.
The financial sector faced a broad sell-off following the first Federal Reserve meeting under Chairman Warsh, where policymakers opted to hold interest rates steady while signaling a likely increase later this year. Warsh explicitly committed to returning inflation to the central bank's target, weighing heavily on market sentiment.
A surge in hawkish rhetoric from the Federal Reserve sent consumer sector stocks tumbling today, as incoming Chairman Kevin Warsh signaled a firm commitment to inflation targets. With officials telegraphing a likely rate hike before the year concludes, investors retreated from retail holdings despite a backdrop of resilient consumer spending data.
A potential breakthrough in Middle East oil supply negotiations has triggered a broad retreat in utility stocks. Investors are balancing these geopolitical signals against Federal Reserve warnings of impending interest rate hikes, creating a volatile environment for energy-dependent sectors and raising concerns over future consumer spending power.
John Gallagher will step down as chief financial officer of drug-development software firm Certara, effective July 14. The announcement arrives as the company initiates a search for a permanent successor to oversee its financial operations, while simultaneously confirming its long-term growth targets remain unchanged for the coming years.
A sharp decline in the Communications Services sector triggered a broader market pullback today, as investors grappled with the reality of sustained high borrowing costs. The cooling sentiment hit SpaceX particularly hard, with shares shedding 4.9% following a volatile three-day stretch that had previously pushed the stock up 50% above its IPO price.
