Super Micro Computer (SMCI) issued a statement regarding recent collaboration with the Taiwanese authorities to prevent illicit diversion of server technology. Supermicro said it has worked closely with Taiwanese authorities on the recent event, helping to prevent the illicit diversion of its systems...
Thursday, Koninklijke Philips N.V. (PHG) and The Walt Disney Company (DIS) announced their decision to incorporate beloved Disney animated characters and stories directly into Philips Ambient Experience for MRI at medical facilities in 87 countries worldwide to support children undergoing imaging procedures. The...
Thursday, EQT Corporation (EQT) along with Alphabet Inc.'s (GOOG) Google Cloud a new partnership poised to accelerate AI transformations among the former's global portfolio companies. Under this partnership, EQT will provide its portfolio companies with streamlined access to technology and expertise...
Auto parts supplier Strattec Security Corp. (STRT) said on Thursday its board authorized a new share repurchase program of upto $40 million and terminated a buyback plan that had been in place since 1996. The program has no expiration date and does not obligate Strattec to buy any specific amount...
RenovoRx, Inc. (RNXT), a life sciences company, announced Thursday that the U.S. Food and Drug Administration (FDA) recently granted Orphan Drug Designation (ODD) for oxaliplatin for the treatment of pancreatic cancer. Oxaliplatin is an approved and commonly used chemotherapy. This is RenovoRx's second...
Burlington Stores, Inc. (BURL) said on Thursday that it expects a rise in earnings and revenue for the second quarter of fiscal 2026. In addition, the company has revised up annual guidance, citing strong first quarter financial performance. For the second quarter of fiscal 2026, the company anticipates...
Tyson Foods, Inc. (TSN), on Thursday, announced that President and Chief Executive Officer Donnie King will step down from the role, effective October 4, and appointed Jeff Schomburger as his successor. Schomburger has served on the board since 2016 and is currently the board's Lead Independent Director. Schomburger...
U.S. coal miner Peabody Energy Corporation (BTU) said on Thursday it plans to offer $225 million in convertible senior notes due 2031, with an option for initial purchasers to buy up to an additional $25 million. Pricing terms, including the interest rate and initial conversion rate, have not been...
Wednesday, Baker Hughes Company (BKR) announced two contract extensions with Equinor to provide integrated drilling and well services solutions, as well as wireline intervention services. Under the integrated drilling and well services contract, the company intends to leverage capabilities across...
Burlington Stores, Inc. (BURL), a retailer and merchandise company, on Thursday reported higher net income in the first quarter of fiscal year 2026 compared with the previous year and raised the full year 2026 outlook while guiding for the second quarter. The company said that the revenue growth...
Royal Bank of Canada (RY.TO, RY) announced its intention to commence a normal course issuer bid and to repurchase for cancellation up to 45 million of its common shares. The Bank intends to file a notice of intention with the TSX in this regard. Purchases may commence on June 12, 2026, and may continue...
Canadian Imperial Bank of Commerce (CM.TO, CM) announced its intention to purchase for cancellation up to 30 million common shares under a normal course issuer bid. The price paid for the common shares will be the market price at the time of the purchase. Common shares that may be purchased for cancellation...
The Bank of N.T. Butterfield & Son Ltd. (NTB), on Thursday announced an agreement to acquire Canadian Imperial Bank of Commerce's (CM, CM.TO) 91.7% stake in CIBC Caribbean Bank Ltd. in a transaction valued at about $1.8 billion. The company said the transaction is expected to close in the first half...
XPeng (XPEV) posted a net loss attributable to ordinary shareholders of RMB 1.78 billion for the first quarter of 2026, compared with a loss of RMB 0.66 billion, last year. Net loss per ADS was RMB 1.87 compared to a loss of RMB 0.70. Non-GAAP net loss attributable to ordinary shareholders was RMB 1.69...
Li Auto Inc. (LI) reported a net loss of RMB 2.3 billion in the first quarter of 2026, compared with net income of RMB 646.6 million, a year ago. Net loss per ADS was RMB 2.26, compared with net earnings per ADS of RMB 0.62. Non-GAAP net loss was RMB 2.1 billion, compared with non-GAAP net income of...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.