General Motors and Boeing are offloading their joint venture, HRL Laboratories, to IBM in a move designed to fast-track quantum computing breakthroughs. While the financial terms remain confidential, the deal marks a significant consolidation of research assets as IBM races to deploy a large-scale quantum system by 2029.
A 13% premarket jump in shares greeted Cleveland-Cliffs’ latest results, as the steelmaker beat revenue expectations with $5.23 billion in sales. Despite a lingering quarterly loss, the company’s narrowed deficit and strong pricing power signal a robust domestic market currently insulated from global volatility.
A 3% revenue boost at A&W Food Services of Canada failed to shield bottom-line growth during the second quarter, as the hamburger chain saw net income slip to 11.7 million Canadian dollars. The decline reflects a sharp spike in administrative expenses tied to the company’s large-scale national franchisee convention.
The Canadian logistics sector may finally be turning a corner after a three-year downturn. Mullen Group reported a significant jump in second-quarter net income to 36 million Canadian dollars, comfortably outpacing analyst expectations as revenue climbed 13% to 609.3 million Canadian dollars amid signs of broader economic traction.
Shareholders of Birmingham-based Encompass Health are set for a payout bump after the board approved a 10.5% increase in the quarterly dividend. The rehabilitation hospital operator will move from 19 cents to 21 cents per share, marking a shift in the company’s capital return strategy following Wednesday’s market close.
Mexico’s annual inflation rate eased to 3.10% during the first half of July, driven by a cooling in energy costs and cheaper fresh produce. Data released Thursday by the national statistics institute, Inegi, shows a modest 0.07% rise in the consumer price index for the two-week period.
Gasoline prices drove Canadian retail spending upward for the fifth consecutive month in May, pushing total sales to 73.71 billion Canadian dollars. While nominal figures climbed 1.0%, the actual volume of goods sold grew by a more modest 0.3%, signaling that inflation remains a significant factor in the broader economic picture.
A 6.5% premarket surge pushed IMAX shares to $41.85 today, fueled by the record-breaking debut of Christopher Nolan’s The Odyssey. The film, shot entirely with IMAX cameras, generated a staggering $52 million globally from the company's screens alone, accounting for one-fifth of its total opening weekend box office.
Surpassing Wall Street expectations, Freeport-McMoRan reported a second-quarter profit of $984 million, or 68 cents per share. The mining giant leveraged a surge in realized prices for copper and gold to bolster its bottom line, even as operational shifts at a key Indonesian site constrained overall production volumes.
With $68.3 billion in quarterly inflows, Blackstone’s assets under management surged 11% to reach $1.35 trillion. The investment giant reported net income of $2.36 billion, fueled by a aggressive pivot toward artificial intelligence infrastructure and data center acquisitions that are reshaping its portfolio strategy.
Copper production spiked 25% to 135,900 metric tons in the second quarter, fueling a dramatic earnings jump for Teck Resources. The Canadian miner reported net income reaching C$854 million, far outperforming analyst expectations as high demand for the industrial metal bolstered the company’s bottom line throughout the period.
Driven by a surge in organic growth across its physician, hospital, and consumer segments, Quest Diagnostics outperformed analyst expectations this quarter. The company reported $3.04 billion in revenue for the period ending June 30, prompting leadership to lift its full-year outlook across both sales and profitability metrics.
Montreal-based manufacturer Neptronic has been acquired by SPX Technologies in a cash deal valued at $430 million. The move brings a specialized suite of precision thermal management products—including electric duct heaters, humidifiers, and intelligent control systems—directly into the SPX HVAC division to bolster its global market position.
With shares down 18% over the past year, Volkswagen enters Friday’s earnings report under a cloud of investor scrutiny. Analysts expect revenue of 81.16 billion euros and operating profit of 4.02 billion euros, but the focus remains on the automaker’s ability to navigate restructuring costs and cooling demand.
Driven by a surge in customer demand and the launch of new product lines, Roper Technologies has raised its full-year earnings guidance for 2026. The industrial software firm reported second-quarter results that surpassed analyst expectations, signaling robust growth across its portfolio and successful integration of recent acquisitions.
With SpaceX anchoring a record-breaking quarter for new listings, Nasdaq reported a 15% revenue increase to $1.5 billion for the period ending June 30. The exchange outperformed analyst expectations, posting adjusted earnings of $1.07 per share as the IPO pipeline showed significant signs of revival.
Penske Automotive Group directors raised the quarterly dividend by 1.4%, pushing the payout to $1.44 per share. This marks the twenty-third consecutive quarterly increase for the Bloomfield Hills-based company, which currently faces an unsolicited $210-per-share buyout offer from its majority shareholders, Penske Corp. and Mitsui.
Shares in French semiconductor firm Soitec surged 23% in early European trading Thursday, hitting 118.05 euros as the company’s specialized silicon wafers saw a massive spike in demand from artificial intelligence data centers, effectively reversing a painful 55% slide from the stock’s peak earlier this May.
The U.A.E.’s largest lender reported a net profit of 5.72 billion dirhams—roughly $1.56 billion—for the second quarter, marking a 3.8% increase despite the economic strain of the ongoing Iran war. The results underscore a period of sustained business momentum even as regional airspace and trade routes faced significant disruption.
Brent crude climbed toward $100 a barrel as escalating regional violence and attacks on Red Sea oil tankers fueled a surge in global bond yields. The move triggered investor alarm over a potential revival in inflation, forcing central banks to weigh the necessity of further interest rate hikes.
Global market volatility is fueling a domestic revival for Cleveland-Cliffs, as the steelmaker reported a revenue climb to $5.23 billion for the first quarter. Despite ongoing geopolitical friction, the company successfully narrowed its net loss to $134 million, outpacing analyst projections and signaling a tightening supply chain.
Thermo Fisher Scientific surpassed Wall Street expectations in the second quarter, reporting a profit of $1.74 billion and a 10% surge in total revenue. The scientific instruments giant outperformed analyst forecasts for both top-line growth and adjusted per-share earnings, buoyed by new product launches and expanded manufacturing capabilities.
Celso Goncalves, the long-standing finance chief at Cleveland-Cliffs, has been elevated to the role of president, a strategic expansion of his executive duties that also includes a newly appointed seat on the steelmaker’s board of directors, the company announced on Thursday.
Snap-On outperformed market expectations in the second quarter, leveraging a 4.1% revenue increase to $1.33 billion that outpaced rising operational costs. The tool manufacturer reported a profit of $260.6 million, or $4.96 per share, clearing the hurdle set by analysts who anticipated more modest gains from the high-end equipment provider.
After seven years at the helm, Amnon Shashua, co-founder of autonomous driving pioneer Mobileye Global, has announced his intention to vacate the chief executive position. The Jerusalem-based firm has initiated a formal search for his successor, though Shashua will maintain his leadership role until the transition process concludes.
South Korea’s economy expanded by 0.6% in the second quarter, outstripping market expectations as a global appetite for artificial intelligence fueled a surge in semiconductor exports. While domestic consumption faltered, the robust performance of heavyweights like Samsung Electronics and SK Hynix provided a vital buffer against wider economic headwinds.
After dismissing three previous overtures, British industrial landlord Segro has capitulated to a final $18.72 billion takeover proposal from U.S. warehouse giant Prologis. The board’s unanimous decision to recommend the latest offer, which includes a partial cash alternative, marks a significant shift in the consolidation of U.K. assets.
A sharp rally in oil prices is rattling investor sentiment across Western markets, dragging U.S. stock futures lower and pushing European indexes into the red. Brent crude jumped 3.9% to reach $97.73 a barrel, while natural gas contracts in the Netherlands climbed to 63.48 euros per megawatt hour.
A 5% organic revenue growth in the second quarter failed to insulate Moncler from shifting travel patterns, as the luxury fashion house reported an 8% drop in European sales. With Asian customers traveling less, the company’s reliance on high-end tourism has left its stock price vulnerable to broader geopolitical instability.
Nagase Brothers Inc. reported a net loss of 305 million yen for the first quarter ending June 30, a sharp reversal from the 140 million yen profit recorded during the same period last year. The decline reflects a broader struggle with profitability despite a modest uptick in overall revenue.
