News
Troubles Continue for Hawaiian Electric
Hawaiian Electric faces financial difficulties and legal action after the devastating Maui wildfires, with downgraded ratings and plummeting stock prices.
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Bank of Communications Reports 4.9% Increase in First-Half Net Profit
Bank of Communications reports a 4.9% increase in net profit for the first half of the year, boosted by gains from trading activities. Net interest income declines while credit impairment losses decrease.
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U.S. Stock Futures Steady Ahead of Highly Anticipated Speech
U.S. stock futures remain stable as investors anticipate a speech by Federal Reserve Chair Jerome Powell. The market experienced a downturn on Thursday.
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Kuala Lumpur Kepong Offers to Buy 33% Stake in Boustead Plantations
Kuala Lumpur Kepong offers to purchase a 33% stake in Boustead Plantations, resulting in a surge in share prices. The strategic collaboration aims to enhance operational efficiencies and increase palm oil yields.
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Industrial and Transportation Stocks Struggle as Boeing Faces Quality Issue
Shares of industrial and transportation stocks decline as Boeing faces quality issue with its aircraft. Durable goods orders show growth despite turbulence. Justice Department sues SpaceX for discrimination against refugees.
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Affirm Holdings Reports Strong Fourth Quarter Results
Affirm Holdings reports strong Q4 results with a 22% revenue increase, leading to a surge in stock price. CEO expresses confidence in facing future challenges.
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Marvell Technology Exceeds Q2 Earnings Expectations
Marvell Technology exceeds earnings expectations in Q2, with adjusted EPS of 33 cents and revenue of $1.34 billion. The company projects a potential revenue range of $1.4 billion for the current quarter, driven by AI and cloud infrastructure growth.
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Discrimination Lawsuit Filed Against SpaceX by U.S. Department of Justice
The U.S. Department of Justice has filed a discrimination lawsuit against SpaceX, claiming that the company unlawfully excluded asylees and refugees from job opportunities. SpaceX cited export control laws as the reason for its hiring practices, but the Department of Justice argues that this does not justify discriminatory actions.
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Survey Shows Declining Interest in Alcohol Among Young Adults
A survey reveals a decline in alcohol consumption among young adults, potentially due to the increasing use of marijuana and health worries. The data also highlights the shifting demographics and a decline in craft beer sales.
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Splunk's Impressive Q2 Earnings Overshadowed by Nvidia's Blowout Results
Splunk's Q2 earnings are overshadowed by Nvidia's remarkable success. However, analysts expect Splunk's positive momentum to continue and have assigned an Outperform rating to the company's stock.
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