Fabrinet's Q2 2026 earnings reveal a historic quarter, with revenue hitting $1.13B driven by explosive growth in high-performance computing and telecom. The company signals sustained momentum with aggressive capacity expansion.
For the second consecutive year, a Chicago-based financial institution has become the nation's first bank to fail. Regulators shuttered Metropolitan Capital Bank & Trust on Friday, citing unsafe practices and depleted capital. The FDIC swiftly arranged for Detroit's First Independence Bank to assume most deposits and assets, ensuring customer funds remain secure.
Investment firm Hussman Strategic Advisors has liquidated its entire stake in TG Therapeutics, a move that comes as the biotech's stock lags behind broader market gains despite reporting strong revenue growth for its flagship product.
The arrest of BitRiver's founder on tax evasion charges coincides with an insolvency claim filed against the company, compounding pressures from sanctions, energy debts, and internal strife.
Amid widespread anxiety over AI-driven job losses, a new report from the Yale Budget Lab finds little evidence of large-scale labor market disruption, raising questions about whether 'AI-washing' is being used to justify corporate layoffs.
With Advanced Micro Devices set to report Q4 results, derivatives traders are pricing in a significant post-earnings move, betting the chipmaker's momentum can extend its recent 25% surge from yearly lows.
Saks Global is closing most of its Saks OFF 5TH off-price stores across the U.S., leaving only a dozen locations open as it refocuses on core luxury and full-price retail after a recent Chapter 11 filing.
In a landmark move, Venezuela's interim government has enacted a sweeping reform of its oil industry, dismantling the state monopoly that defined its socialist era. While aimed at reviving production, the new hybrid system raises critical questions about transparency, U.S. influence, and its true appeal to foreign capital.
Amid a growing outbreak in northern Mexico, U.S. agricultural officials are escalating a biowarfare campaign, releasing millions of sterile, fluorescent flies near the Texas border to create a defensive barrier against the parasitic screwworm, a move impacting already strained livestock trade and beef prices.
Interim President Delcy Rodriguez met with U.S. Special Envoy Laura Dogu in Caracas, marking a significant step in the gradual restoration of bilateral ties severed four years ago.
Joby Aviation is on the cusp of launching its pioneering air taxi service in Dubai as early as this year, marking a critical milestone for the eVTOL industry. With U.S. certification advancing, the company eyes 2026 for scaled commercial operations, navigating the final hurdles of funding and regulatory approval.
U.S. equities found firmer ground Tuesday, buoyed by a robust factory activity report. The rally unfolded as investors grow increasingly discerning about AI-related capital expenditures, creating clear winners and losers.
T-Mobile, the telecommunications giant headquartered in Washington, has filed official notice of permanent layoffs affecting nearly 400 employees across its Bellevue, Bothell, and Woodinville offices, citing evolving business needs.
The United States and India have reached a trade agreement that will significantly lower reciprocal tariffs and remove a contentious levy on Russian oil purchases, marking a potential thaw in economic relations.
U.S.-listed exchange-traded funds attracted $165.4 billion in January, with a notable pivot toward international stock funds as they continue to outperform domestic markets.
Amid global economic uncertainty, investors are turning to Asian dividend-paying companies for portfolio resilience. We examine three high-yield stocks from South Korea and Hong Kong, weighing their income potential against underlying risks.
Amidst a mixed Asian market landscape, companies with significant insider ownership are drawing investor attention. We examine three high-growth firms from South Korea and China where executives and directors have substantial skin in the game.
Elon Musk has consolidated his AI venture, xAI, into SpaceX, creating a unified entity to pursue the audacious goal of deploying a million-satellite constellation that will function as solar-powered data centers in space, addressing the surging energy demands of artificial intelligence.
Amazon will phase out its Amazon One palm recognition service across all U.S. retail locations by mid-2026, citing low adoption. The move signals a strategic pullback from in-store biometrics amid privacy debates and a broader refocusing of its physical store strategy.
After historic sell-offs in gold and silver rattled commodity markets, traders of corn, soybeans, and wheat are navigating a landscape influenced by external financial shocks, weather threats, and shifting demand signals.
