Wire Fraud

Business

Cardinal Energy's C$95M Equity Raise Fuels Thermal Ambitions, Tests Investor Patience

Cardinal Energy Ltd. has upsized its equity offering to C$95.15 million, with proceeds aimed at debt repayment and accelerating its thermal oil projects, including the Reford 2 SAGD development. The move highlights the company's strategic pivot but raises questions about dividend sustainability and shareholder dilution in a capital-intensive sector.

Business

Blackstone in Advanced Talks for Major Stake in Hong Kong's New World Development

Shares and bonds of New World Development surged after reports that Blackstone is in advanced talks to become its largest shareholder, a potential lifeline for the embattled Hong Kong property giant and a signal of shifting sentiment in the city's real estate market.

Business

Cardinal Health Shares Surge on Strong Earnings, But Valuation Questions Loom

Cardinal Health (CAH) stock has drawn renewed investor interest following robust financial results, with revenue topping $234 billion and net income near $1.6 billion. The healthcare distributor's shares have rallied over 66% in the past year, though its premium valuation compared to peers is sparking debate among analysts.

Business

Alacriti's Quiet Revolution: Modernizing the Pipes of Global Finance

As financial institutions worldwide grapple with sluggish, fragmented payment systems, fintech firm Alacriti is gaining traction by offering a pragmatic path to modernization—not through disruption, but by building essential infrastructure.

Business

AI Demand Fuels SanDisk's Record Quarter, Signals Structural Shift for NAND Industry

SanDisk's Q2 2026 earnings reveal a 31% sequential revenue surge to $3 billion, driven by AI infrastructure build-out. The company highlights a fundamental industry shift towards long-term agreements as data center demand, now the largest NAND market, reshapes commercial dynamics.

Business

Lumen Sheds Consumer Fiber, Doubles Down on Enterprise AI with Landmark Certification

Lumen Technologies pivots decisively toward the enterprise sector, achieving a pioneering AI management certification while divesting its remaining consumer fiber assets to AT&T, signaling a strategic consolidation around business and government services.