Western Digital's board has authorized an additional $4 billion for stock repurchases, capitalizing on surging demand for its memory chips from the artificial intelligence sector. The announcement follows strong quarterly forecasts and extends a rally that has seen the company's shares more than triple in value over the past year.
UBS raises its price target on the defense and aerospace giant following strong quarterly results, citing improving demand across its Gulfstream, Combat, and Marine units. However, below-consensus guidance and margin pressures keep the firm's rating at Neutral.
Siemens Energy is injecting $64 million into its Painted Post, N.Y., compressor factory, a key piece of a broader $1 billion U.S. investment aimed at meeting soaring electricity demand driven by data centers and AI.
Becton Dickinson (BD) sees its price target raised by Piper Sandler as the medtech giant prepares to overhaul its financial reporting structure and invests heavily in prefillable syringe production to meet booming demand for GLP-1 and biologic drugs.
Elon Musk touts a new dry electrode technique as a significant advance for lithium-ion battery production, promising lower costs, reduced environmental impact, and greater scalability for Tesla's energy and automotive divisions.
As Michael Fiddelke steps into the CEO role, Target confronts mounting pressure to address immigration enforcement controversies and community tensions, challenging his stated focus on retail fundamentals.
Shares of Canadian materials firm 5N Plus surged after securing an $18.1 million U.S. government grant to expand germanium recycling in Utah and announcing a 25% capacity increase for space-grade solar cells at its German subsidiary, AZUR SPACE, by 2026.
Uber has relaunched its ride-hailing services in Macau after a multi-year hiatus, introducing a key cross-border limousine link to Hong Kong. The move tests the company's strategy in a competitive Greater China-linked market and its push into higher-margin services.
With major U.S. indices trading at historically high multiples, investors are increasingly looking abroad. The Vanguard Total International Stock ETF (VXUS) offers a diversified, value-oriented path to global growth, contrasting sharply with the concentrated tech exposure of the domestic market.
Industrial supplies giant W.W. Grainger (NYSE:GWW) reported fourth-quarter revenue that edged past Wall Street forecasts, though earnings per share fell short of consensus. The company's outlook suggests a period of moderated growth ahead.
A new analysis from Macquarie reveals a pivotal shift: carbon pricing is now being driven more by local political will and regulatory changes than by global emissions trends, creating divergent fortunes for markets from Europe to the Pacific.
As gold prices surge to record highs, Bitcoin struggles 33% below its peak, highlighting a stark divergence between the traditional safe haven and its digital counterpart. What does this mean for the future of crypto as a store of value?
PepsiCo announces a 15% price reduction on its popular snack brands, including Doritos and Cheetos, as shoppers grapple with high grocery costs and ahead of the peak Super Bowl snacking weekend.
The Panama Canal Authority has unveiled stringent pre-qualification criteria for firms bidding on two major new terminals, demanding proven global scale and experience, as it advances an $8.5 billion modernization plan amid recent port contract upheavals.
China's COMAC showcases its C919 narrowbody jet at the Singapore Airshow, aiming to boost international sales after strong domestic adoption but facing geopolitical and market barriers abroad.
Despite a modest year-to-date rebound, Conagra Brands' stock continues to trail the broader market significantly, with Wall Street analysts expressing caution over persistent industry headwinds and muted growth prospects.
Mizuho Securities lowered its price target for Qualcomm, citing a weaker outlook for global smartphone shipments and increased competition. The firm projects a potential decline in handset production and pressures from rising memory costs.
Specialty materials maker ATI (NYSE: ATI) saw its shares surge after reporting fourth-quarter earnings that topped estimates, even as revenue came in slightly below Wall Street forecasts. The company pointed to strong demand in aerospace and defense as a key driver.
Ingredion (NYSE: INGR) reported fourth-quarter revenue of $1.76 billion, missing analyst expectations and marking a 2.4% year-over-year decline. Adjusted earnings per share also came in below consensus.
In a major strategic pivot, cryptocurrency exchange giant Binance has begun converting its entire $1 billion user protection fund (SAFU) from stablecoins to Bitcoin. The first $100 million purchase, executed as Bitcoin prices waver, signals a long-term bet on the original cryptocurrency and could provide a structural floor for the market.
