Kellogg Co. on Track to Split into Two Companies
Kellogg Co. (K) announced on Wednesday that it is progressing as planned with its separation into two publicly traded companies in the fourth quarter. In their statement released ahead of…
Natural Gas Inventories Expected to Increase Amidst Heatwave in Southern Plains
The U.S. government is set to release natural gas data on Thursday, which is anticipated to reveal a smaller-than-usual increase in inventories. This can be attributed to the scorching heatwave…
Illumina Inc. Lowers Sales Outlook
Shares of Illumina Inc. saw a significant decrease of 6.6% in after-hours trading on Wednesday. This decline comes as the DNA-sequencing company adjusted its full-year sales outlook due to various…
Viking Therapeutics and the Future of Obesity Drugs
Viking Therapeutics Inc., a biotech company based in San Diego, saw a 4% increase in its stock on Wednesday, adding to the impressive 13% gains it had achieved so far…
Stock Futures Rise on Anticipation of Consumer Inflation Data
Stock futures are on the rise as investors eagerly await the release of U.S. consumer inflation data, which will provide valuable insights into the Federal Reserve's next move on interest…
Amyris Inc. Files for Chapter 11 Bankruptcy
By Colin Kellaher Shares of Amyris Inc. saw a significant drop of over 70% during premarket trading following the company's announcement that it has filed for chapter 11 bankruptcy. This…
Mortgage Rates Rise for the Third Week in a Row
According to data released by Freddie Mac, mortgage rates in the United States have increased for the third consecutive week. This rise comes as the economy demonstrates signs of strength…
Siemens Reports Positive Q3 Results
Siemens, the German industrial company, has released its fiscal third-quarter results. Here's what you need to know: Orders In the three months leading up to June, Siemens received orders worth…
Tapestry Inc. to Acquire Capri Holdings Ltd.
Fashion company Tapestry Inc., known for its brands Coach and Kate Spade, has announced its agreement to acquire Capri Holdings Ltd., the parent company of Michael Kors, Jimmy Choo, and…
Capital & Regional Reports Decrease in Net Profit for First Half
Capital & Regional announced that its net profit for the first half of the year has decreased compared to the previous year. The company, which operates as a shopping centers…
Soho House Reports Narrowed Loss and Strong Membership Growth
By Will Feuer Soho House, the renowned membership-based hotel and club operator, has announced its financial results for the second quarter. Despite the challenges posed by the pandemic, the company…
Spectrum Brands Reports Sales Decline in Third Quarter
Spectrum Brands Holdings, the home-essentials company, has announced a decrease in sales for the fiscal third quarter, with short-term demand headwinds expected to continue in the current quarter. Here are…