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Reddit posted stronger-than-anticipated fourth-quarter results and offered an optimistic sales forecast for early 2026, prompting its shares to rise briefly in after-hours trading before settling near the prior close. The social media platform also introduced a stock repurchase plan valued at $1 billion, signaling confidence in its financial position and future cash generation. For the […]
NEW YORK—Financial services firm Truist Securities has raised its 2026 outlook for APi Group Corporation, increasing the company’s price target and designating the Minnesota-based provider of safety and specialty services as its preferred choice within the facility services sector. Price Target Adjustment and Rating On January 21, Truist boosted its price target on APi Group shares […]
Federal, state and local authorities are expanding resources in the effort to locate Nancy Guthrie, the 84-year-old mother of television journalist Savannah Guthrie, who is believed to have been taken from her residence outside Tucson, Arizona, in the early hours of Sunday, Feb. 1. Investigators say evidence collected so far suggests an abduction rather than a […]
Sony Group Corporation posted stronger-than-expected earnings for the three months ended December, overcoming a spike in memory chip prices that has weighed on its PlayStation hardware business. The company cited a favorable foreign-exchange environment and resilient demand in music and imaging solutions as key factors behind the improved performance. Operating profit for the quarter reached […]
Citizens Financial Group has become more optimistic about Main Street Capital Corporation’s medium-term outlook, arguing that the business development company’s size and portfolio breadth position it for consistent earnings over the next two years. In a research update issued on January 27, analyst Brian McKenna lifted his price objective for Main Street Capital (NYSE:MAIN) to $74 […]
Congress is again racing against the clock to keep the federal government fully open, this time over a dispute about curbing Immigration and Customs Enforcement practices that drew intense scrutiny after two deadly shootings in Minneapolis. Lawmakers must agree on a Department of Homeland Security appropriations bill by Feb. 13, or a fresh lapse in […]
Pandora A/S shares climbed in Copenhagen trading on Thursday after the Danish jewelry group said it intends to lessen its dependence on silver and introduce platinum-plated pieces, a step designed to cushion earnings against sharp swings in precious-metal prices. The stock rose as much as 7 percent shortly after the opening bell and was last […]
Capital Southwest Corporation has created a new joint venture designed to expand its footprint in the lower middle-market private credit space. The Dallas-based business development company disclosed on January 22 that it will share ownership of the off-balance-sheet vehicle equally with an unnamed private credit asset manager. The venture will concentrate on first-out senior secured debt, […]
Vice President JD Vance will travel overseas this week to head the United States delegation at the 2026 Winter Olympics in Milan-Cortina and subsequently visit Armenia and Azerbaijan to reinforce a White House–brokered peace agreement reached last year. The seven-day itinerary combines international sports diplomacy with follow-up discussions on a regional accord that Washington views […]
Shares of Volvo Cars fell sharply in Stockholm on Thursday, dropping as much as 19% in early trading after the Swedish automaker reported a steep decline in fourth-quarter earnings. The plunge put the company on course for its worst single-day performance since its market debut in 2021. The manufacturer, majority-owned by China’s Zhejiang Geely Holding […]
U.S. equities finished lower on Tuesday, February 3, after an early advance faded amid renewed worries that rapid advances in artificial intelligence could disrupt established business models. Major benchmarks surrendered morning gains, dragging the S&P 500 to a 1.5-week low and pulling the Dow Jones Industrial Average back from an intraday record. At the closing bell, the […]
Washington, D.C. — The U.S. Supreme Court on Wednesday declined an emergency request from California Republicans to halt the state’s newly approved congressional boundaries, clearing the way for those district lines to be used in the 2026 midterm elections. The unsigned, single-sentence order was issued without comment and noted no dissents, effectively leaving in place […]