News
China's Central Bank Cuts Policy Rates, Signals Further Reductions
China's central bank has announced rate cuts to stimulate the economy amid economic slowdown, but warns of potential impact on currency.
Stratec Lowers Guidance for 2023, Shares Drop
Stratec, a German developer of in-vitro-diagnostics systems, experiences a decline in sales expectations for 2023, resulting in a drop in shares. The company re...
Chicken Soup for the Soul Entertainment Reports Q2 Loss
Chicken Soup for the Soul Entertainment (CSSE) reports a wider loss in Q2, with their stock price plummeting and revenue surging. The company's financial positi...
The Decline of Traditional Servers and the Rise of AI Projects
The demand for traditional computer servers is declining as technology buyers allocate more of their budget towards artificial intelligence (AI) projects. This...
The Importance of Insulation and Air Sealing for Homeowners
Insulation and air sealing are crucial for homeowners to save on energy bills, stay comfortable during extreme weather events, and endure power outages. Find ou...
Foxconn's Net Profit Declines in Q2
Foxconn's net profit in Q2 declined by 0.9%, with revenue decreasing by 14% and profit margins worsening. Despite challenges, the company remains optimistic abo...
Northern Trust Reports Decline in Profit
Chicago-based financial holding company, Northern Trust, reports a decline in profit for the second quarter due to market conditions. Investment results have be...
Aurizon Holdings Reports 46% Fall in Annual Net Profit
Australian rail-freight operator, Aurizon Holdings, reports a 46% decline in annual net profit due to heavy rainfall, but expects improved outlook and increased...
IBM Exceeds Profit Expectations with Double-Digit Growth in Red Hat and AI
IBM Corp. surpasses profit expectations in Q2 with double-digit growth in Red Hat and AI business. Revenue remains steady while software and consulting see an i...
Rithm Capital Acquires Sculptor Capital Management in $639 Million Deal
Rithm Capital acquires Sculptor Capital Management in a $639 million deal, ensuring continuity and strong leadership while offering a promising future. The tran...