John M. Chase Corning (NYSE:GLW) shares rose more than 6% in early trading on Monday as the glass and advanced optics maker lifted its second-quarter guidance, buoyed in part by generative artificial intelligence. Corning, whose products are used in smartphones, automotive, life sciences and more, said it now expects coreContinue Reading
RiverNorthPhotography/iStock Unreleased via Getty Images Suncor Energy (NYSE:SU) said Thursday it has withdrawn all non-essential workers from its Firebag oil sands site as a precautionary measure because of a wildfire burning out of control in northern Alberta. The facility produces up to 215K bbl/day of oil, and employs a fly-in,Continue Reading
InterDigital (NASDAQ:IDCC) said that pursuant to the terms of the indenture governing its 3.50% senior convertible notes due 2027, the notes are convertible during its calendar quarter ending September 30, 2024. The current conversion rate of the notes is 12.9041 shares of IDCC per $1,000 principal amount of the notes.Continue Reading
Michael M. Santiago/Getty Images News Seaport Research Partners analysts are downgrading The Goldman Sachs Group Inc. (NYSE:GS) from “buy” to “neutral.” Senior Analyst Jim Mitchell wrote in a Diversified Financials report that this downgrade is “primarily driven by valuation.” The Goldman Sachs Group Inc.’s (GS) estimated EPS went from 3%Continue Reading
VladK213 BMI, a unit of Fitch Solutions, Thursday upped its 2024 gold price forecast to $2,250/oz from $2,100/oz, with a ‘neutral’ view towards gold in H2, as prices remain tangled in a tug of war between a less dovish Federal Reserve and high levels of geopolitical tension. The brokerage expectsContinue Reading
Tunatura As additional states in the U.S. legalize marijuana for recreational purposes, a new report from the United Nations finds that hospitalizations for cannabis-use disorders are growing in the country. In addition, among those who use cannabis regularly, psychiatric disorders, including suicidal ideation and attempted suicide, are on the rise,Continue Reading
B&G Food (NYSE:BGS) on Wednesday announced its intention to offer an additional $100M of 8.000% senior secured notes due 2028. The new notes will constitute an additional issuance of senior secured notes under the indenture, dated as of September 26, 2023, governing the previously issued 8.000% senior secured notes dueContinue Reading
kokkai/iStock Unreleased via Getty Images Sea Limited (NYSE:SE) was downgraded to Neutral from Overweight by J.P. Morgan due in part to increased competition from TikTok (BDNCE) and Temu (PDD). “Incremental increases in competition are now likely to cap positive earnings revisions and share price in the near-term, in our view,”Continue Reading
Investing.com – While continued its downward trend in June, it started the new week with a sell-off and fell to the $62,300 band. The recent selling pressure in Bitcoin is attributed to Bitcoin sales by crypto mining companies whose revenues have plummeted. Reports show that miners have sold more thanContinue Reading
Wirestock Apple (NASDAQ:AAPL) announced Friday it is delaying the release of several of its artificial intelligence features in the European Union due to the Digital Markets Act, according to a report by Bloomberg. Apple now plans to block the release of Apple Intelligence, iPhone Mirroring and SharePlay Screen Sharing fromContinue Reading
