Financial
Winton Group Cuts Gap Holdings by Over 60% in Second Quarter
NEW YORK — WINTON GROUP Ltd significantly reduced its equity stake in The Gap, Inc. during the second quarter of 2026, selling approximately 61.1 percent of its holdings in the American apparel retail...
Health In Tech Director Sells $16,248 in Shares Amid Unexplained Transactions
NEW YORK — Timothy Hayes, director of Health In Tech, Inc., executed two separate sales of the company's Class A Common Stock totaling $16,248 over a 48-hour period in early September. The transaction...
Carlyle Group Director Rubenstein Sells $17 Million in Stock
NEW YORK — David Rubenstein, the co-founder and director of private equity firm Carlyle Group, sold 400,000 shares of the company's stock on Sept. 11, 2026, generating approximately $17.09 million in ...
Cramer Credits Oil Drop for Market Rebound, Warns of Fed Test Ahead
NEW YORK — CNBC's Jim Cramer identified falling oil prices as the primary catalyst for Friday's stock market recovery, though he cautioned that investors face a critical test with the upcoming Federal...
Piper Sandler Initiates Marvell Coverage with $270 Target Amid AI Chip Optimism
SAN FRANCISCO — Shares of Marvell Technology Inc. rose between 4% and 5% on Thursday following a bullish initiation of coverage by Piper Sandler, which set a price target of $270 per share. The move l...
Lam Research Expands Capacity Amid Surge in Semiconductor Equipment Demand
FREMONT, Calif. — Lam Research Corporation announced Thursday that it is accelerating capacity expansion and integrating artificial intelligence into its operations to meet an unprecedented surge in d...
Cognizant to Cut Up to 15,000 Jobs Globally While Expanding AI Hiring in U.S.
TECHNOLOGY GIGANT Cognizant Technology Solutions Corporation announced a major global restructuring on Wednesday that will eliminate between 12,000 and 15,000 positions worldwide, even as the company ...
Cheetah Mobile Q2 Revenue Rises on Cloud Push as Losses Widen Amid Robotics Spending
SAN FRANCISCO (AP) — Cheetah Mobile Inc. reported second-quarter 2026 financial results on Thursday showing revenue growth driven by its expanding cloud and artificial intelligence infrastructure serv...
CPI Card Group Shares Plunge Following Major Insider Sale by Parallel49 Equity
NEW YORK — Shares of CPI Card Group Inc. (NASDAQ: CPIX) tumbled on Thursday after the firm's largest shareholder, Parallel49 Equity Partners, executed a significant block sale on the secondary market....
C&C Group Acquires Asahi's UK Distribution Business to Expand Wholesale Reach
LONDON (AP) — The C&C Group has agreed to acquire the Nectar Imports wholesale and distribution business from Asahi Group Holdings in the United Kingdom for nominal consideration, marking a strategic ...
TSMC Reports Record Revenue as AI Chip Demand Fuels Nvidia's Market Dominance
SAN FRANCISCO — Taiwan Semiconductor Manufacturing Co. (TSMC) announced record quarterly revenue on Thursday, driven by surging global demand for artificial intelligence chips, a trend that has simult...
Motley Fool Weighs Adobe and Ciena as Top Tech Picks for 2026
SAN FRANCISCO — Investment advisory firm The Motley Fool released a comparative analysis on Thursday evaluating Adobe Inc. and Ciena Corp. as potential technology stock investments for the 2026 market...
Dycom Industries Analysis Highlights Fiber and Data Center Growth Potential
ATLANTA — Dycom Industries Inc. (DY) is the subject of a new financial analysis examining its strategic position within the expanding fiber optic infrastructure and data center construction sectors. P...
Federal Reserve poised to raise rates as inflation remains above target
WASHINGTON — The Federal Reserve is expected to raise interest rates at its upcoming policy meeting on Thursday, September 11, as persistent inflation continues to outpace the central bank's official ...
Rio Tinto Agrees to Acquire Aurukun Bauxite Project in Queensland
RIO TINTO Group has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland, Australia, from a joint venture between Glencore and Mitsubishi Development. The transaction, announ...
Novartis Shares Tumble as Two Experimental Drugs Fail Late-Stage Trials
ZURICH — Novartis AG announced on Thursday that two of its key experimental therapies failed to meet primary endpoints in late-stage clinical trials, dealing a significant blow to the pharmaceutical g...
Amgen and AstraZeneca Report Survival Benefit in Small-Cell Lung Cancer Trial
SAN FRANCISCO (AP) — A late-stage clinical trial has demonstrated that combining Amgen Inc.'s Imdelltra with AstraZeneca PLC's Imfinzi significantly improved overall survival for patients with extensi...
Goldman Sachs Opens New AI Engineering Hub in Bellevue
BELLEVUE, Wash. — Goldman Sachs Group Inc. opened a new engineering office in Bellevue on Thursday, marking a significant expansion of its technology footprint in the Pacific Northwest. The facility i...
SpaceX Secures Major AI Compute Deals to Pursue $100 Billion Revenue Target
SAN FRANCISCO — SpaceX announced a series of new artificial intelligence compute agreements Thursday, a strategic move aimed at helping the aerospace and technology giant reach its ambitious goal of $...
MoneyGram Launches Stablecoin-Backed Visa Card in Colombia to Bridge Crypto and Traditional Finance
BOGOTA, Sept. 11 (AP) — Global payments firm MoneyGram launched a new stablecoin-backed debit card in Colombia on Thursday, enabling users to hold U.S. dollar-denominated balances and spend them at an...
Vicor Corporation to Build Two New Chip Fabrication Plants in New Hampshire
NASHUA, N.H. — Vicor Corporation announced plans on Thursday to construct two new semiconductor fabrication facilities in New Hampshire, a strategic move designed to expand production capacity for pow...
NIO Reports Q2 Profitability Gains in China Amid European Sales Decline
NEW YORK (AP) — NIO Inc. reported improved profitability in its home market of China for the second quarter of 2026, but the electric vehicle maker's revenue missed Wall Street expectations as sales i...
Alphabet and Meta Diverge in Q2 Earnings as AI Strategies Take Center Stage
SAN FRANCISCO — Alphabet Inc. and Meta Platforms Inc. reported second-quarter earnings for 2026 on Thursday, revealing a sharp divergence in financial performance and strategic execution as both tech ...
FHFA Orders Mortgage Giants to Prepare for Crypto Assets Amid Market Slide
WASHINGTON — The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac on Friday to begin preparations for accepting cryptocurrency as a qualified asset for mortgage applications, a move ...
Analysts Scrutinize Alphabet Earnings Estimates Amid Valuation Debate
SAN FRANCISCO — Alphabet Inc. shares are under intense scrutiny as equity research firms, including Zacks Equity Research, reassess the technology giant's earnings estimates and valuation metrics ahea...
JPMorgan Downgrades Chewy Stock Citing Macroeconomic Headwinds
NEW YORK — JPMorgan downgraded shares of online pet retailer Chewy from Overweight to Neutral on Thursday, citing persistent macroeconomic pressures that are dampening the company's organic growth pro...
US Stocks Rise Ahead of Key Inflation Data and Fed Policy Decision
NEW YORK — U.S. equity markets advanced in pre-market trading on Friday as investors positioned themselves ahead of a critical consumer inflation report scheduled for release later in the morning. The...
JPMorgan Names KLA Top Pick in Chip-Equipment Sector, Raises Forecasts
NEW YORK (AP) — JPMorgan Chase has designated KLA Corp. as its top pick among semiconductor equipment manufacturers and upgraded its revenue forecasts for the broader wafer fabrication equipment secto...
Winton Group Trims Chubb Holdings by Nearly 20% in Second Quarter
NEW YORK (Sept. 11, 2026) — Winton Group Ltd., a global asset management firm, reduced its stake in Chubb Limited by 19.4 percent during the second quarter of 2026, executing a sale of 3,412 shares of...
Oklo Inc. Launches New $1 Billion Stock Offering After Completing Prior Program
NEW YORK — Oklo Inc. (NYSE: OKLO) announced Thursday the establishment of a new $1 billion at-the-market equity offering program, immediately following the conclusion of a previous similar initiative ...