Financial
Brady Corporation Acquires Honeywell Unit to Pivot Toward Industrial Technology Sector
MILWAUKEE — Brady Corporation announced on Wednesday a strategic repositioning from a traditional industrial manufacturer to an industrial technology firm, following the acquisition of Honeywell's Pro...
Eagle Capital Highlights Arthur J. Gallagher as Core Holding in Second Quarter Review
CHICAGO — Eagle Capital Management released its second-quarter 2026 investor letter on Wednesday, identifying insurance brokerage firm Arthur J. Gallagher & Co. as a premier holding characterized by h...
Diamond Hill Capital cites Magnolia Oil losses amid US-Iran peace deal
NEW YORK (AP) — Diamond Hill Capital, a prominent energy-focused asset manager, reported in its second-quarter 2026 investor letter that holdings in Magnolia Oil & Gas Corporation significantly detrac...
Motley Fool Weighs NextEra and Constellation as AI Power Demand Surges
NEW YORK — Investment advisory firm The Motley Fool published an analysis on Wednesday comparing utility giants NextEra Energy and Constellation Energy as potential investment vehicles amid a surge in...
Saia Reports 8.7% Tonnage Surge in August Amid Rate Hikes and Easier Comparisons
ATLANTA, Sept. 3 (AP) — Saia, Inc., a leading less-than-truckload carrier, reported an 8.7% year-over-year increase in freight tonnage for August, driven by favorable prior-year comparisons and the im...
Strategy Resumes Bitcoin Purchases with $370 Million Acquisition After Two-Month Halt
NEW YORK — MicroStrategy, operating under the name Strategy, resumed its aggressive accumulation of Bitcoin on Wednesday, purchasing 4,603 coins for approximately $370 million. The transaction marks t...
ChargePoint Shares Surge 74% on Stronger Q2 Results, Narrower Loss
SAN FRANCISCO (AP) — ChargePoint Holdings Inc. shares jumped 74% in after-hours trading Wednesday following the electric vehicle charging company's announcement of better-than-expected second-quarter ...
Diamond Hill Capital Cites Ryman Hospitality as Key Q2 2026 Holding Amid Asset Sale Consideration
NEW YORK, Sept. 3 (AP) — Diamond Hill Capital Management identified Ryman Hospitality Properties Inc. as a primary driver of performance for its Small Cap Strategy fund during the second quarter of 20...
Diamond Hill Capital Highlights United States Lime & Minerals in Q2 2026 Investor Letter
CHICAGO, Sept. 3 (AP) — Diamond Hill Capital Management Inc. identified United States Lime & Minerals, Inc., as a key focus in its second-quarter 2026 investor letter, detailing the firm's strategic o...
Motley Fool Recommends Five Stocks for AI Growth Through 2027
DENVER — The Motley Fool published a new investment guide on Wednesday, identifying five stocks it recommends investors purchase in September and hold through 2027 to capitalize on the expanding artif...
Judge Denies DOJ Request to Break Up Google Ad Business
WASHINGTON (AP) — A federal judge on Wednesday denied the Department of Justice's request to force Alphabet Inc. to sell its AdX advertising exchange, delivering a major setback to the government's an...
Billionaire Funds Highlight Gaming and Leisure Properties as Top Dividend REIT Amid Market Volatility
NEW YORK, Sept. 3 (AP) — Gaming and Leisure Properties Inc. has emerged as a primary target for billionaire-led investment funds seeking high-yield real estate opportunities, even as the broader marke...
Duluth Holdings Raises Fiscal 2026 EBITDA Guidance Amid Margin Gains
MINNEAPOLIS (Sept. 3, 2026) — Duluth Holdings Inc. announced Wednesday that it is raising its fiscal 2026 Adjusted EBITDA guidance, citing significantly higher second-quarter earnings and improved gro...
Investors Weigh Amazon and DraftKings Prospects Ahead of 2026 Market Shifts
NEW YORK — As the third quarter of 2026 unfolds, investors are increasingly scrutinizing two distinct pillars of the U.S. consumer sector: e-commerce giant Amazon.com Inc. and sports betting leader Dr...
Bamco Initiates Moderna Stake Following Positive Phase 3 Data
NEW YORK — Bamco, the investment advisory arm of Ron Baron's Baron Capital Group, disclosed a new position in Moderna Inc. on Wednesday, acquiring approximately 2 million shares during the second quar...
Eagle Capital Warns of AI Spending Risks in Q2 2026 Investor Letter
NEW YORK, Sept. 3 (AP) — Eagle Capital Management released its second-quarter investor letter on Wednesday, outlining significant concerns regarding the sustainability of artificial intelligence capit...
Ciena Reports Record Third-Quarter Results Driven by Optical Network Demand
Ciena Corporation posted record financial results for its fiscal third quarter of 2026, reporting new highs in revenue, operating margin, and adjusted earnings per share. The optical networking equipm...
PVH Corp. Beats Q2 Guidance as Digital Sales Offset European Weakness
NEW YORK — PVH Corp. reported second-quarter earnings for 2026 that met or exceeded its financial guidance, driven by robust performance in direct-to-consumer and e-commerce channels across the Americ...
Diversified Energy to Acquire Birch Resources for $1.8 Billion in Permian Expansion
HOUSTON — Diversified Energy Company PLC agreed on Wednesday to acquire Birch Resources for approximately $1.8 billion, a move designed to significantly expand its operational footprint in the Permian...
Broadcom Shares Slide Amid Market Volatility Despite Strong Guidance; Tech Sector Watches Closely
SAN FRANCISCO (AP) — Broadcom Inc. shares fell sharply Wednesday, defying the company's positive forward guidance and triggering a broader sell-off in the semiconductor sector, even as analysts sugges...
Diamond Hill Capital Maintains Bullish Stance on U.S. Lime Despite Margin Pressures
NEW YORK (AP) — Diamond Hill Capital issued its second-quarter 2026 investor letter for its Small Cap Strategy on Wednesday, reaffirming a bullish outlook on United States Lime & Minerals Inc. despite...
Fed Governor Waller Signals Rate Hold With Market-Watching Condition
WASHINGTON — Federal Reserve Governor Christopher Waller indicated on Wednesday that he supports holding interest rates steady, though he attached a specific condition to his stance that could signifi...
WestEnd Capital Highlights Robinhood Markets in Q2 2026 Investor Letter
NEW YORK, Sept. 3 (AP) — WestEnd Capital Management released its second-quarter 2026 investor letter on Wednesday, placing a significant emphasis on its position in Robinhood Markets, Inc., as the fir...
Snowflake Shares Surge on Earnings Beat and Raised Outlook
SAN FRANCISCO — Snowflake Inc. shares climbed sharply in trading Wednesday after the cloud data company reported quarterly financial results that surpassed analyst expectations and issued a raised for...
Old Dominion Freight Line Reports Yield Acceleration as Volumes Approach Growth in August Update
RICHMOND, Va. — Old Dominion Freight Line Inc. announced on Wednesday that its freight operations showed signs of stabilization and improvement in August, with yield growth accelerating and shipment v...
ePlus Inc. Completes Acquisition of Daymark Solutions Assets in Massachusetts
BOSTON (AP) — ePlus Inc. announced the completion of its acquisition of assets from Daymark Solutions on Thursday, marking a significant consolidation in the technology services sector. The transactio...
Brady Corporation Reports Record Fiscal 2026 Performance Following Honeywell Acquisition
MILWAUKEE (AP) — Brady Corporation reported record financial results for fiscal year 2026 on Wednesday, driven by the successful integration of Honeywell's Productivity Solutions and Services business...
Genesco Reports Q2 Earnings Gain Amid Revenue Decline Through Margin Focus
NASHVILLE, Tenn. — Genesco Inc. announced on Wednesday that its second-quarter fiscal 2027 earnings rose despite a contraction in revenue, attributing the financial improvement to expanded gross margi...
Methode Electronics Reaffirms Full-Year Guidance Amid Global Restructuring Push
CHICAGO — Methode Electronics, Inc. reported first-quarter fiscal 2027 financial results on Wednesday, reaffirming its full-year guidance while outlining a comprehensive operational restructuring plan...
Nvidia to Acquire Hugging Face in $13 Billion Deal as Tech Stocks Rally
NEW YORK — U.S. stocks edged higher on Thursday, driven by a surge in technology shares after Nvidia announced plans to acquire artificial intelligence platform Hugging Face for $13 billion. The deal ...