Economic Development

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Business

Cavco Industries Navigates Weather, Tariffs to Post Solid Q4 Growth; Unveils Major Rebranding Strategy

Cavco Industries reported a 21% year-over-year revenue increase to $508.4 million for fiscal Q4 2025, driven by a 28.5% surge in home shipments. Despite February weather disruptions and ongoing economic uncertainty, the manufactured housing leader saw a strong March rebound, executed a $33 million stock buyback, and launched a company-wide rebranding initiative aimed at simplifying the homebuyer journey.

Business

Analysts Revise Outlook on OFG Bancorp: What's Behind the Price Target Shift?

OFG Bancorp (OFG) is drawing renewed attention from Wall Street as analysts recalibrate their price targets, signaling a potential shift in the bank's investment narrative. The adjustments reflect evolving views on the Puerto Rico-based lender's strategic positioning, risk exposure, and emerging growth opportunities in a changing economic landscape.

Business

Moonshot AI's Latest Model Claims Edge Over U.S. Rivals as China's Tech Giants Secure Critical Nvidia Chips

Alibaba-backed Moonshot AI has unveiled an upgraded flagship model, Kimi K2.5, asserting superiority in video generation and agentic capabilities against leading U.S. models. The development coincides with Beijing's approval for major tech firms, including Alibaba, to import advanced Nvidia H200 AI chips, signaling a dual-track strategy in the intensifying global AI race.