“The weight of the evidence continues to support giving the bull market in stocks the benefit of the doubt, even as we experience more bumps along the way. Earnings remain our north star, the economy continues to show resilience, market participation has broadened, and valuation excesses have largely been worked off,” said Keith Lerner at…
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. A plunging Japanese yen has Washington taking one of its rarest financial actions in years. After the US joined Japan in a rare effort to buy Japanese yen and support the struggling currency, Treasury Secretary Scott Bessent said (1)…
Malaysia Rapid Transit Corporation (MRT Corp) has awarded a RM3.028bn ($740m) system turnkey contract to the joint venture (JV) between Malaysian Resources Corporation Berhad (MRCB) and Theta Edge for the Penang Mutiara Light Rail Transit (LRT) Line. This step marks the beginning of the next major phase in constructing what will be Penang’s first LRT…
This story was originally published on MedTech Dive. To receive daily news and insights, subscribe to our free daily MedTech Dive newsletter. Dive Brief: Solventum said Wednesday it plans to separate its health information systems business that sells software to hospitals. The business generated sales of $1.4 billion last year. Solventum executives have identified potential for…
US stock futures barely budged on Thursday morning as investors absorbed a series of earnings reports, prospects of an imminent Strait of Hormuz deal, and fresh labor market data, with the Dow (^DJI) trading at a record high. Futures on the Dow Jones Industrial Average (YM=F) rose 0.2% after the blue-chip index extended its record-breaking…
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here. Performance was significantly bolstered by the FIFA World Cup, which generated over $50 million in total revenue, with approximately half of that considered incremental to…
Phillips 66 reported second-quarter 2026 earnings of $3.85 billion, or $9.55 per diluted share, compared with $207 million, or $0.51 per share, in the previous quarter. Adjusted earnings reached $3.79 billion, or $9.41 per share, up from $200 million in the first quarter. Adjusted EBITDA increased to $5.89 billion from $1.23 billion. The improvement was…
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here. Reported the highest TCE revenue per available day in corporate history, driven by supply chain inefficiencies and a de facto closure of the Strait of…
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here. Revenue growth of 48% was primarily catalyzed by the massive scale-up of Zepbound and Mounjaro, which contributed $6.3 billion in incremental growth compared to the…
Our vision for The Magnum Ice Cream Company is simple. We want to make the most loved ice cream in the world to grow the market and build a highly competitive snacking business for our shareholders and customers. And we will do that by delivering our strategy to grow the ice cream market as category…
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