William V. Selesky Senior Analyst: Basic Materials Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups…
The steakhouse restaurant sector has faced a major impact from an increase in beef costs, as steak prices spiked 16% to $12.73 per pound in March 2026, according to data from the Federal Reserve Bank of St. Louis, WIBC- Radio reported. As the price of beef increases for restaurants, consumer demand for the product has declined as menu prices…
Redwire (NYSE: RDW) stock jumped out of the gate Thursday, soaring 11% before giving back most of its gains. As of 11 a.m. ET, the stock is up 3.2%. And why? The Wall Street Journal just reported that the Trump Administration may make financial investments in U.S. drone manufacturers, aiming to subsidize production of low-cost…
Key takeaways While the average personal loan interest rate is 12.27%, borrowers with excellent credit may have access to rates as low as 6.20%. Credit unions tend to offer the lowest overall borrowing costs, with a national average of 10.72% and a legal rate cap of 18% at federal institutions. Online fintech lenders advertise competitive…
Salaried workers’ pay growth has outpaced gains among hourly earners in the past year, with advertised wages declining outright among hourly workers in IT, software development, and other STEM fields, according to a new analysis from the Indeed Hiring Lab. The analysis drew on pay information across millions of job postings from the beginning of…
By Lucia Mutikani WASHINGTON, May 28 (Reuters) – U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing economists’ views that the Federal Reserve could hold interest rates unchanged well into next year. Surging price pressures are eroding household income and…
By Stephen Culp NEW YORK, May 28 (Reuters) – U.S. stocks turned higher on Thursday and European shares pared their losses following reports that the United States and Iran have reached an agreement to extend the ceasefire and launch negotiations, after the two nations exchanged air strikes. The S&P 500 and the Nasdaq reversed earlier…
May 28 (Reuters) – Groq is raising up to $650 million from existing investors, Axios reported on Thursday, after the AI chip startup signed a $17 billion licensing deal with Nvidia in December. Groq has been shifting focus away from hardware toward AI inferencing, where it specializes in enabling trained AI models to respond to…
Quick Read Synopsys (SNPS) runs the software that designs nearly every advanced chip and sits at the center of the AI buildout, generating a $9.6B revenue run rate with Q1 FY2026 showing 65.4% YoY growth and EPS of $3.77; the Ansys acquisition added $10B in debt but targets $400M revenue synergies, while an NVIDIA partnership…
New Jersey-based Thea Energy, one of several U.S. companies working to commercialize fusion energy, said the company has raised $100 million in Series B funding. Thea is advancing stellarator technology to provide baseload fusion power. The company, which has several investors, is moving toward beginning construction of its Helios power plant (Figure 1) by the…
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