FINANCE
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Gapwaves begins waveguide antenna production for Valeo
Gapwaves has commenced series production of its waveguide antennas for Valeo’s advanced driver assistance systems (ADAS), leveraging its patented multi-layer waveguide (MLW) technology. The production kick-off took place last week at Gapwaves’ facility in Gothenburg, Sweden, with the first series delivery to Valeo completed on 1 July. The Gothenburg facility, inaugurated last November, is pivotal for developing, testing, and validating…
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Oracle stock set to notch fresh record after disclosing multiple cloud services deals
Oracle stock (ORCL) jumped more than 5% midday Monday and was on track to hit a record closing high after the software giant disclosed that it inked new multibillion-dollar cloud services agreements. In a filing to the US Securities and Exchange Commission, the company provided commentary that CEO Safra Catz planned to share with other Oracle colleagues on Monday. “Oracle…
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Wall Street hits record highs after turbulent months
NEW YORK (Reuters) – The S&P 500 and Nasdaq Composite reached all-time highs at the opening bell on Friday, bouncing back from a turbulent period sparked by U.S. President Donald Trump’s trade policies based on tariffs. The U.S. benchmark stock index rose 0.68% to 6,182.7 points, surpassing the previous peak of 6,147.43 reached on February 19, while the Nasdaq went…
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Molson Coors price target lowered to $53 from $58 at Piper Sandler
Piper Sandler lowered the firm’s price target on Molson Coors (TAP) to $53 from $58 and keeps a Neutral rating on the shares. Molson Coors’ retail momentum continues to slow, with Q2-to-date U.S. retail volumes down about 5% as the company laps elevated shipments from a year ago, the analyst tells investors in a research note. Aluminum prices are adding…
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Warren Buffett Sure Looks Like He Knows Something Is Going to Happen
Buffett has a long track record of investing success, helping Berkshire Hathaway deliver a compounded annual gain of almost 20% over several decades. The top investor hasn’t been a buyer of stocks in recent quarters — but he recently saw an opportunity. 10 stocks we like better than Pool › Warren Buffett isn’t known for following the trends when it…
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Supply chain fog clearing for plane suppliers, Constellium says
PARIS (Reuters) -Visibility for aviation suppliers is improving, helped by Airbus’ measures to overcome supply chain snags that hit demand in the past year, aluminium products maker Constellium said on Wednesday. Bottlenecks in the supply chain, notably for engines, have hampered Airbus’ efforts to ramp up output, though the jet maker has maintained a 2025 delivery target. Constellium, one of…
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This 6.7% Dividend Stock Looks Absurdly Good Today
I first initiated a position in Enterprise Products Partners (NYSE: EPD) more than two years ago. How has that investment fared so far? Not bad. The midstream energy company has generated a total return of roughly 45%. Granted, that performance lags behind the S&P 500‘s total return of 56% during the same period. However, one thing I could count on,…
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Oracle stock touches all-time high after earnings beat
Oracle stock (ORCL) jumped 14% on Thursday to touch an all-time high of $202.44 after the company’s fiscal fourth quarter results topped Wall Street’s expectations. Oracle’s adjusted revenue of $15.9 billion was ahead of the projected $15.6 billion, while its earnings per share of $1.70 surpassed the expected $1.64. The company raised its annual revenue forecast, as it expects strong…
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Stellantis offers voluntary redundancy scheme at Turin plant
(Refiles to fix typo in plant’s name) MILAN (Reuters) -Stellantis has started a voluntary redundancy plan for 610 workers at its Mirafiori plant in Turin, Italy, after introducing the scheme at other Italian facilities, the automaker said on Monday. Stellantis is so far cutting up to 1,600 staff in total across Italy this year through the voluntary redundancy scheme. At…
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Make US lenders ‘safe to fail’
The Federal Reserve’s new top banking cop Michelle Bowman said Friday she wants to revisit bank regulations made in the wake of the 2008 financial crisis so that risk is “effectively managed” and lenders can fail without hurting the economy. In her first remarks since being confirmed this week as the new vice chair of supervision at the central bank,…
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