Following the sale of its non-core Tools for Materials Processing business, Coherent plans to streamline operations, strengthen its balance sheet, and double down on high-growth photonics markets critical to AI and communications infrastructure.
Optical components leader Coherent is set to report quarterly results after the bell, with investors watching to see if surging AI infrastructure spending can propel a sixth straight earnings surprise and justify its meteoric stock rise.
Coherent Corp. is set to report its fiscal fourth-quarter results after Wednesday's closing bell. With a strong track record of surpassing estimates, investors are watching for signs of sustained growth in the materials and photonics sector amid mixed peer performance.
A Senate hearing on autonomous vehicles turned contentious as lawmakers grilled Waymo executives over the company's reliance on vehicles from a Chinese automaker and its use of remote safety operators abroad, raising national security and job creation concerns.
A surreal exchange on Capitol Hill saw lawmakers question the possibility of a federal Bitcoin bailout, with Treasury officials firmly rejecting the idea and underscoring the asset's detachment from traditional government safeguards.
New soil sampling results from Core Silver's Laverdiere project in British Columbia reveal a significant multi-kilometre mineralized corridor, extending known deposits and pointing to a large, open porphyry-skarn system with high-grade potential.
JTEKT Corporation reports stronger nine-month earnings and upgrades its full-year forecast, buoyed by margin improvements and a favorable yen. Simultaneously, the board explores selling its entire stake in Toyota Industries, a move that could reshape its balance sheet and strategic focus.
Selective Insurance Group's shares climbed 6% following robust fourth-quarter results and a board-approved refresh of its corporate bylaws, sparking renewed debate among investors about the firm's long-term trajectory.
ExxonMobil reshapes its portfolio with a dual-pronged strategy, resolving a long-standing arbitration in Colombia to secure exploration rights while closing its aging Fife ethylene plant in Scotland, signaling a sharper focus on core, cost-efficient assets.
The United Nations has issued a stark warning over Cuba's deepening crisis as severe fuel shortages trigger blackouts and price surges, with the U.S. threatening tariffs on nations that attempt to supply oil to the island.
Republican Congressman Barry Loudermilk of Georgia will not seek a seventh term, adding to a significant wave of retirements that is reshaping the House GOP conference ahead of a pivotal election cycle.
As data centers strain under AI workloads, a critical bottleneck is emerging in data transmission. Tower Semiconductor, often overlooked as a specialty foundry, is emerging as a key enabler of the pluggable optics technology set to dominate the next phase of AI infrastructure.
Oaktree Specialty Lending (OCSL) reported stable earnings for its fiscal first quarter, with adjusted net investment income rising to $0.41 per share. Management highlighted disciplined capital deployment, a focus on reducing non-accruals, and detailed the firm's evolving approach to underwriting software and AI-related risks in a bifurcated market.
As the AI infrastructure boom fuels demand for high-speed networks, Ciena's long-term valuation narrative is being rewritten. Analysts now see a fair value of approximately $237 per share, underpinned by sustained revenue growth forecasts near 18%, even as the stock's recent rally prompts pockets of caution.
House Speaker Mike Johnson invoked Old and New Testament passages to assert that Scripture mandates civil authorities to enforce immigration laws and secure national borders, drawing a sharp distinction between individual charity and governmental duty.
Ciena (CIEN) is drawing renewed investor scrutiny following significant contract wins with Telekom Srbija and Trans Pacific Networks, coupled with anticipated showcases at the upcoming Mobile World Congress. This comes as the stock rides a wave of strong momentum, raising critical questions about whether its current price fully reflects future growth prospects in the high-capacity networking arena.
Vice President JD Vance unveils a plan to establish an international coalition using adjustable tariffs to create price floors for critical minerals, marking the latest move in a strategic push to reduce Western reliance on Chinese supplies.
Microsoft's Q1 FY26 results showcase explosive 18% revenue growth, driven by its AI and cloud divisions. While the tech giant's strategic bets appear to be paying off, analysts weigh the impact of massive infrastructure spending and increasing competition on its long-term trajectory.
A heated Democratic primary in New Jersey has become a national proxy battle over immigration policy, with candidates clashing over the future of ICE and the political tone for the 2024 elections.
A coalition of major investors has filed resolutions challenging BP's pivot back toward oil and gas, demanding greater transparency on capital allocation and how the strategy aligns with earlier climate pledges ahead of the annual meeting.
