Williams has closed its approximately $5.5 billion acquisition of Momentum Midstream, giving the U.S. pipeline operator a substantially larger position in the Haynesville natural gas basin as Gulf Coast LNG and power demand continue to rise. The transaction consists of approximately $3.5 billion in cash and debt consideration and around $2 billion in Williams equity….
By Kanishka Singh WASHINGTON, Sept 3 (Reuters) – U.S. Director of Federal Housing Bill Pulte said on Thursday he directed Fannie Mae and Freddie Mac, created by the U.S. Congress to support the housing market, to approve all lenders to use credit scoring system VantageScore. “Fannie and Freddie’s initial rollout of VantageScore has been incredibly…
Flex has agreed to acquire power conversion specialist EPC Power in a deal valued at $4.4 billion, significantly expanding its exposure to the rapidly growing market for electricity infrastructure serving artificial intelligence data centers. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals and other customary conditions. Flex…
What happened: Lululemon (LULU) stock dropped 18% on Friday. What’s behind the move: The athleisure wear company cut its revenue and profit forecast a day earlier. Lululemon said its second quarter fiscal 2026 revenue decreased 4% to $2.4 billion, with comparable sales decreasing 9%. “While we continue to navigate some challenging dynamics, we are taking a…
Advertising leader Magnite (MGNI) is attempting to clear its latest buy point in the wake of a strong quarterly earnings report. That makes Magnite stock Thursday’s pick for IBD 50 Growth Stocks To Watch from Investor’s Business Daily. Magnite operates as one of the largest independent sell-side advertising platforms, helping publishers and media owners sell…
The dollar index (DXY00) fell to a 1.5-week low on Thursday and finished down by -0.67%. The dollar tumbled on Thursday on dovish comments from Fed Governor Christopher Waller, who said underlying inflation is better than core numbers suggest and that he will support keeping interest rates steady at this month’s FOMC meeting if next…
NetApp (NTAP) stock climbed Thursday, shaking off an initial after-hours slide that followed its fiscal first-quarter results late Wednesday. Earnings from the enterprise data storage company beat estimates. San Jose, Calif.-based NetApp reported adjusted earnings of $2.58 per share from sales of $2 billion for the July quarter. Analysts polled by FactSet were forecasting adjusted earnings…
October WTI crude oil (CLV26) closed up +0.29 (+0.32%) on Thursday, and October RBOB gasoline (RBV26) closed up +0.0311 (+1.00%). Crude oil and gasoline prices settled higher on Thursday, with crude oil posting a new 6-week high. Crude prices are climbing as the US-Iran conflict continues with no end in sight, prolonging disruptions to energy flows…
The U.S. Bank Shield™ Visa® Visa Card is a 0% APR card with a lengthy intro period lasting 21 months for both balance transfers and new purchases. It’s a great option for debt payoff, but you may also want to consider its long-term value before you apply. Annual fee $0 Introductory Purchases APR 0% intro on…
Social Security is the retirement income lifeline for millions of Americans and garners its share of confusing headlines. From the full retirement age and cost-of-living adjustment to the rules for claiming benefits while still working, here is what’s expected to change in 2027. Changes to the full retirement age A common concern among those planning…
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