Solar tracking manufacturer Array Technologies has moved to acquire Affordable Wire Management in a deal valued at $203 million. The transaction, slated to close in the third quarter, aims to bolster Array’s utility-scale offerings while providing a strategic foothold in the burgeoning battery storage and data-center infrastructure markets.
Upwork Chief Financial Officer Erica Gessert is stepping away from her duties to take a temporary medical leave. The freelance marketplace confirmed Thursday that CEO Hayden Brown will step into the role of interim principal financial officer while Gessert recovers, with her return anticipated later this year.
ANI Pharmaceuticals is taking its legal battle with CG Oncology to the Delaware Supreme Court after a local judge rejected the company’s bid to overturn an earlier verdict. The dispute centers on a 2010 asset sale agreement and a contested claim for royalties on a high-stakes cancer treatment.
A 25% tariff on Brazilian imports, spearheaded by President Trump, has injected new volatility into the materials sector this week. While the move offers a potential lifeline to the domestic ethanol industry, the broader market remains muted as precious metal prices soften in response to cooling U.S. inflation data.
A 17% drop in after-hours trading greeted Regenxbio on Thursday following the biotechnology firm’s announcement of a $100 million public stock offering. The slide arrived on the heels of an 8.7% decline during the regular session, deepening the company’s year-to-date losses to 22% as investors reacted to the impending share dilution.
More than 700,000 units of Pillsbury dough are being pulled from shelves following reports of potential glass contamination. The voluntary recall, which spans two specific product lines, was elevated to a Class II designation by the Food and Drug Administration this week, signaling a need for immediate consumer caution.
Energy sector shares ticked upward today as crude oil prices hovered near $80 a barrel. Investors remain on edge, awaiting President Trump’s televised address tonight, which many anticipate may signal a shift in the current geopolitical standoff with Iran and trigger sudden volatility in global energy markets.
Jasper Therapeutics has finalized an all-stock merger with Kira Pharmaceuticals, a deal aimed at consolidating drug pipelines while securing a $132 million capital injection. The move triggered a sharp market reaction, sending Jasper shares climbing 63% in after-hours trading as investors reacted to the new ownership structure.
Jobless claims dipped last week, providing a fresh tailwind for consumer stocks as investors recalibrate their outlook on the American labor market. This stability, coupled with resilient retail spending figures, pushed the sector higher in recent trading sessions, signaling a renewed appetite for consumer-facing equities across the broader market.
A wave of strong quarterly results and aggressive consolidation sent healthcare stocks climbing this week. UnitedHealth Group’s improved financial outlook anchored the sector’s gains, while major players like Eli Lilly and Merck signaled continued expansion through high-profile acquisitions and successful regulatory breakthroughs in drug development.
A sharp jump in the Philadelphia Fed’s manufacturing activity index—surging to 41.4 in July from 10.3 in June—bolstered investor confidence today, pushing industrial shares into positive territory despite a sluggish start to the trading session.
Dallas Fed President Lorie Logan is pushing for further interest rate hikes, even as the broader financial sector sees a modest uptick in share prices. Investors are balancing the central bank’s hawkish stance against a cooling inflation report that officials warn may not yet signal a definitive shift in policy.
Investors pushed Staar Surgical stock down 12% in after-hours trading Thursday, wiping out earlier gains after the company projected second-quarter sales of $90 million. The figure sits just below the $90.2 million consensus estimate from Wall Street analysts, signaling a rare moment of hesitation for the high-growth medical device firm.
Shares in the U.S. communications sector retreated as SpaceX fell to $131, dropping below its $135 IPO threshold for the first time since going public. The decline follows a brief uptick mid-week, even as the aerospace firm prepares for a dual-mission schedule involving Starship testing and defense satellite deployment.
High valuations and investor anxiety are tempering enthusiasm for the technology sector, despite a series of robust earnings reports from industry giants. While chip makers continue to demonstrate significant growth, the broader market remains wary that current share prices leave virtually no room for error in future performance.
4.1 percent gains at Waste Management headlined a broader rally in the utilities sector this week, as positive economic indicators bolstered investor confidence. The uptick coincided with fresh capital flowing into modular nuclear technology and refined expectations for long-term revenue growth across the industry’s largest waste management players.
A generational shift is coming to the nut and dried fruit producer John B. Sanfilippo & Son, as the company prepares to install Jasper Sanfilippo Jr. as its new chief executive officer. The transition, set for October 1, marks a broader restructuring of the firm’s top-level executive suite.
The AI-fueled rally hit a wall Thursday as a sharp decline in semiconductor stocks dragged major U.S. indices lower. Despite record-breaking earnings from Taiwan Semiconductor Manufacturing and a solid performance from UnitedHealth, investors pivoted toward profit-taking, leaving the Nasdaq Composite to suffer a 1.47% drop by the closing bell.
Specialty underwriter SiriusPoint has tapped Emily Yoo to fill the newly created role of chief operating officer, effective August 10. The appointment marks a strategic move to centralize the firm's administrative and digital infrastructure under a single leadership mandate as the company pushes to refine its internal processes.
Shareholders of Smart Sand are set to receive a special cash dividend of 10 cents per share, as the company continues its strategy of returning capital to investors. The payout, confirmed by the board, arrives mid-summer following a period of active buybacks and financial distributions.
By integrating advanced software with physical hardware, Grid Dynamics and Doosan Robotics are launching a turnkey solution designed to automate complex manufacturing tasks. The partnership aims to streamline the deployment of artificial intelligence in industrial settings, targeting specific challenges like variable assembly and the handling of irregular object geometries.
With net income climbing to $818.1 million, Intuitive Surgical outperformed Wall Street expectations in the second quarter. Driven by a surge in procedure volume and an expanded installed base of its da Vinci systems, the medical robotics manufacturer saw revenue rise 19% to $2.89 billion, comfortably beating analyst projections of $2.82 billion.
Elutia has entered a definitive agreement to offload its SimpliDerm unit to Cellution Biologics, a move designed to shore up the firm’s balance sheet. The transaction, valued at as much as $11 million, allows the company to pivot its resources toward its flagship antibiotic-eluting biomatrix pipeline.
South Plains Financial is boosting its quarterly cash dividend by 6 percent, raising the distribution to 18 cents per share. This adjustment, up from the previous 17-cent payout, reflects the company's current capital allocation strategy following Thursday's market close at $44.25 per share.
The U.S. Navy’s Military Sealift Command has tapped Reston-based defense contractor CACI International for a five-year, $113 million project aimed at overhauling its core business systems. The agreement tasks the firm with digitizing operations for a global fleet that sustains deployed military forces across the world.
Topgolf is transforming its business model from a venue-based entertainment chain into a comprehensive media and licensing platform. By launching Topgolf Media Networks, the company intends to consolidate its physical footprint and digital reach into a unified gateway for brands seeking deep, multi-channel engagement with its massive consumer base.
A sharp 6% plunge in South Korea’s Kospi index, fueled by steep losses for SK Hynix and Samsung, spilled into U.S. markets today. The Nasdaq shed 1% as investors soured on semiconductor holdings, despite Taiwan Semiconductor Manufacturing reporting its fifth consecutive quarter of record earnings, signaling a cooling sentiment across the tech sector.
A 5.8% surge in Compass Diversified Holdings shares followed a pointed letter from ADW Capital Management, which is demanding an immediate strategic review to facilitate an orderly liquidation of the private-equity firm. The hedge fund claims current board conflicts are stifling maneuvers that could otherwise unlock significant shareholder value.
Intercontinental Exchange canola futures surrendered the majority of Wednesday's gains on Thursday, reflecting a broader market downturn as crude oil and related vegetable oils retreated. The commodity continues its volatile week, oscillating between daily gains and losses as traders react to shifting global energy and grain benchmarks.
A Seattle federal judge on Wednesday cleared Starbucks of allegations that the company deceived shareholders regarding its customer traffic metrics. The ruling strikes down a class-action suit which argued that executives intentionally obscured declining foot traffic in the United States and China during a January 2024 earnings call.
