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Business10h agoNvidia stock drops amid investigation into CEO's affair with suspected Chinese spyCBS News
Business10h agoHow German hypermarket chain Globus avoids Putin’s nationalizations and keeps expanding in wartime RussiaMany Western companies remain in Russia. More than 2,000 are German, according to estimates by the Kyiv School of Economics’ Leave Russia project. But almost all try to keep a low profile, attracting little attention either in Russia or at home. When asked directly, they condemn Russia’s aggression against Ukraine. The Globus hypermarket chain and its main owner, German billionaire Thomas Bruch, take a somewhat different approach. Even during the full-scale war, the company has continued to open new stores in Russia, while Bruch has continued to call on Berlin to engage in dialogue with MoscowMeduza [en]
Business10h agoFed’s Goolsbee says data center buildout ‘overheating’ economyAustan Goolsbee, the president of the Federal Reserve Bank of Chicago, said Monday that the data center buildout is “overheating” the economy and putting upward pressure on prices. “Now this stuff with the AI data center buildout is, to my eye, starting to look more just like old-fashioned demand overheating,” Goolsbee told Subrina Hudson of…The Hill
Business10h agoHonda to build new assembly plant in Ohio to boost hybrid productionHonda Motor Co said Monday it will build another auto assembly plant in the Midwestern U.S. state of Ohio to boost its hybrid-vehicle manufacturing, with production expected to…Japan Today
Business10h agoSIGA Technologies GAAP EPS of -$0.04, revenue of $1.3MSIGA Technologies reported GAAP EPS of -$0.04 and revenue of $1.3 million. These figures provide an update on the company's financial performance.Seeking Alpha Tech
Business10h agoSharplink outlines GENIUS Act timeline to January 18, 2027 while focusing on compounding ETH per shareSharplink has outlined a timeline for the GENIUS Act extending to January 18, 2027, while focusing on compounding Ethereum per share. This indicates the company's long-term strategic and financial focus in the cryptocurrency space.Seeking Alpha Tech
Business10h agoAST SpaceMobile reports Q3 resultsAST SpaceMobile has released its third-quarter financial results. This provides insight into the company's recent financial performance.Seeking Alpha Tech
Business10h agoKkr expects over $40B of client capital returned in 2026 as USI sale targets $3.3B of after-tax proceedsKKR anticipates returning over $40 billion in client capital by 2026, driven in part by an expected $3.3 billion in after-tax proceeds from the sale of USI. This indicates significant financial movements and strategic transactions for the investment firm.Seeking Alpha Tech
Business10h agoXenon Pharma GAAP EPS of -$1.11 beats by $0.03Xenon Pharma reported a GAAP EPS of -$1.11, which surpassed expectations by $0.03. This financial update provides information on the company's recent earnings performance.Seeking Alpha Tech
Business11h agoBabcock & Wilcox Enterprises GAAP EPS of $0.02 misses by $0.01, revenue of $290.8M beats by $64.35MBabcock & Wilcox Enterprises reported a GAAP EPS of $0.02, missing estimates by $0.01, but its revenue of $290.8 million exceeded expectations by $64.35 million. This financial update provides a mixed picture of the company's recent performance.Seeking Alpha Tech
Business11h agoIn Vietnam, ‘China plus one’ still needs Chinese inputAt the Fortune Southeast Asia 500 Summit in Ho Chi Minh City on November 3, a discussion of regional connectivity explored how goods move across borders. I came away thinking about what stays behind. When production moves to Vietnam, how much of the ability to produce moves with it? Vietnam has set itself an extraordinary ambition. Its five-year plan, approved in April, targets average annual gross domestic product growth of at least 10 per cent from 2026 to 2030. Developing Vietnamese suppliers...South China Morning Post
Business11h agoSkydance outlines its $6 billion in planned cost savings. Here's the breakdownThe updates came alongside a third-quarter earnings report for the legacy Paramount Skydance.CNBC
Business11h agoLucid misses Wall Street’s earnings expectations, expands loan from Saudi Arabia fundThe quarterly results are the first since Lucid CEO Silvio Napoli, who started leading the company in June, announced a restructuring plan.CNBC
Business11h agoTokenization platform Securitize gains 10% postmarket on Q3 results, move into asset-backed financeSecuritize saw growth in tokenization last quarter and announced its expansion into asset-backed finance through the acquisition of River One.CNBC
Business11h agoMexico’s inflation rate rises for third straight month, hitting 3.75%The Bank of Mexico was aware that inflation was still not under control when it lowered interest rates last week, but felt that helping the economy move forward was a higher priority. It may not be able to do that again after the latest inflation rate rise. The post Mexico’s inflation rate rises for third straight month, hitting 3.75% appeared first on Mexico News DailyMexico News Daily
Business11h agoPutin's grasp on Japan Tobacco puts Tokyo under pressureDe Russische president Poetin heeft alle zeven Russische dochterbedrijven van Japan Tobacco onder "tijdelijk" staatsbeheer geplaatst, een maatregel tegen bedrijven uit "onvriendelijke landen". "Wij hebben protest aangetekend en eisen dat de maatregel per direct wordt ingetrokken", verklaart de Japanse kabinetschef Minoru Kihara. De fabrieken draaien door en de ruim 4000 werknemers blijven voorlopig in dienst. Maar het bedrijf achter de sigarettenmerken Camel en Winston is de zeggenschap volledig kwijt. Een flinke klap voor de Japanse staat, met zo'n 37 procent de grootste aandeelhouder van JapNOS Buitenland
Business11h agoA key report for where inflation stood in October comes out Tuesday. Here's what to expectThe CPI headline reading is expected to show an increase of 0.3% while the core is forecast to increase 0.2%.CNBC
Business11h agoPlug Power GAAP EPS of $0.00 beats by $0.06, revenue of $201M beats by $7.67MPlug Power reported a GAAP EPS of $0.00, which surpassed expectations by $0.06, and revenue of $201M, exceeding estimates by $7.67M. This indicates the company's financial performance relative to market predictions.Seeking Alpha Tech
Business11h agoRoivant outlines Investor Day focus as IMVT-1402 targets 85,000 difficult-to-treat RA patientsRoivant has outlined its Investor Day focus, highlighting its IMVT-1402 product which targets a significant number of difficult-to-treat rheumatoid arthritis patients. This informs investors about the company's strategic priorities and product pipeline.Seeking Alpha Tech
Business11h agoSA analyst warns that Wall Street’s rally could be unsustainableAn analyst has issued a warning that the current rally in the Wall Street market might not be sustainable. This suggests potential volatility or correction in the financial markets.Seeking Alpha Tech
Business11h agoU.S. equities ended higher and erased the Election Day lossesU.S. equities concluded trading with gains, effectively recovering the losses incurred on Election Day. This indicates a positive market reaction following recent political events.Seeking Alpha Tech
Business11h agoOil falls amid hopes for a diplomatic solution in the Middle EastCrude oil fell due to expectations of dialogue between the US and Iran after Trump's comments. Brent fell 5.85% and WTI 4.38% in their respective markets. Diplomatic efforts seek to avoid conflicts, but tensions persist over Iran's nuclear program. Saudi Arabia increases production despiteClarín
Business11h agoFederal Reserve Board announces approval of two applications by Mutual Federal Bancorp, MHC, and MFB Bancorp, Inc.Federal Reserve Board announces approval of two applications by Mutual Federal Bancorp, MHC, and MFB Bancorp, Inc.Federal Reserve
Business11h agoChildren’s Place files for bankruptcy protection, seeks buyerThe Children's Place has filed for chapter 11 bankruptcy protection and is seeking bids from potential new owners by Dec. 9.CNBC
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