Volkswagen's Scout Motors has seen the budget for its South Carolina electric vehicle factory balloon by $1 billion to $3 billion, citing facility expansion and supply chain investments as key drivers, even as the U.S. EV market cools.
Stephen Miran, a key economic adviser to former President Trump, has resigned from his White House post while maintaining his position on the Federal Reserve Board, a move that clears a potential path for the administration's future leadership plans for the central bank.
Fox News Digital has obtained an internal email revealing a now-retired FBI agent's push in 2025 to investigate Elon Musk's official communications via X, comparing the practice to Hillary Clinton's private email server. The probe was never opened, and the agent is no longer with the Bureau.
Super Micro Computer (SMCI), a key beneficiary of the AI infrastructure rush, presents a conundrum for investors. While its long-term returns are stellar, recent share price volatility and conflicting valuation signals—from DCF models screaming overvaluation to peer comparisons suggesting undervaluation—have left the market divided on its true worth.
Arrowhead Pharmaceuticals has dosed the first subjects in a Phase 1/2a trial for ARO-DIMER-PA, a novel RNA interference drug designed to simultaneously silence two genes linked to cardiovascular disease. The milestone underscores the potential of its TRiM platform and marks a significant step in cardiometabolic drug development.
Shares of specialty materials maker ATI have rocketed over 100% in the past year, fueled by robust aerospace and defense demand. As the stock hovers near record highs, analysts are divided on whether the rally has more room to run or if valuations have stretched beyond reasonable limits.
Wall Street analysts have modestly raised Illumina's fair value estimate, reflecting cautious optimism about long-term demand for genomic tools. However, the updated forecast remains tempered by persistent challenges in execution, reimbursement dynamics, and exposure to the Chinese market.
At the Singapore Airshow, China's state-owned aircraft manufacturer Comac showcased its C919 narrow-body jet, positioning it as a viable option for airlines in the fast-growing Asia-Pacific region grappling with supply chain bottlenecks and lengthy delivery waits from established rivals.
Sonos kicks off fiscal 2026 with a sharp rise in profitability and adjusted EBITDA, even as revenue dips slightly. The company credits cost discipline and its 'gateway' product strategy for the turnaround, while teasing new hardware launches for later this year.
Skyworks Solutions (SWKS) delivered fiscal Q1 2026 results above its guidance, driven by robust mobile demand and sustained growth in its broad markets segment. While providing a seasonally softer Q2 outlook, management reaffirmed confidence in its pending transformative merger with Qorvo, anticipated to close in early 2027.
Super Micro Computer's fiscal Q2 revenue more than doubled year-over-year, fueled by explosive demand for its AI rack-scale systems. While profitability faces near-term pressure, executives outlined a diversification and efficiency strategy, raising full-year sales guidance to at least $40 billion.
An international firm plans to extract lithium from oil field wastewater by 2027, potentially turning an environmental liability into a cornerstone of the state's economy and America's energy independence push.
Match Group's latest earnings reveal a pivotal year ahead, with CEO Spencer Rascoff detailing a multi-phase plan to revitalize Tinder's user experience and fuel Hinge's international growth, all while returning capital to shareholders.
Lumentum Holdings Inc. (LITE) posted a blockbuster fiscal second quarter, with revenue soaring over 65% year-over-year to a record $665.5 million. Driven by surging demand for AI and cloud infrastructure, the company sees no slowdown, forecasting another all-time high next quarter.
The United States has sharply criticized South Africa's decision to expel Israel's top envoy, framing the move as counterproductive. The diplomatic rift follows Pretoria's genocide case against Israel at the International Court of Justice and marks a further deterioration in bilateral ties.
A new analysis from hiring platform Indeed places truck driving among the nation's strongest job opportunities, with top earners making up to $160,000 annually without a college degree, signaling a shift in the high-wage career landscape.
Federal Reserve Governor Stephen Miran has formally resigned as Chair of the White House Council of Economic Advisers, honoring a commitment made to the Senate. His departure comes as the administration moves to fill his Fed seat.
A consortium led by KKR and Singapore Telecommunications has agreed to acquire the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion, taking full ownership of one of Asia's largest data centre platforms. The deal, valuing STT GDC at S$13.8 billion, marks Southeast Asia's largest-ever data centre transaction and underscores the fierce competition for digital infrastructure assets.
PayPal's stock suffered its worst single-day drop in years after forecasting potential profit declines for 2026, citing consumer spending pullback and intense competition, prompting a leadership change.
Microsoft's recent 10% stock decline following strong quarterly results presents a potential entry point for investors, as the company's cloud and AI fundamentals remain robust.
