Share prices of Mobileye Global (NASDAQ: MBLY) are on a tear since they made their debut (again) late in 2022. Parent company Intel (NASDAQ: INTC) spun off some of its stake in the autonomous vehicle chip designer into a publicly traded company to raise much-needed cash last year, but it said it still owns 94% of the company. Intel's own tires have been blown out, and there's no immediate relief in sight.
Initially buoyed by a surge in online shopping during the pandemic, paper and packaging firms faced a slowdown when economies reopened. Peer Packaging Corp of America reported a quarterly revenue beat on Tuesday from higher pricing, improved production and a recovery in demand for its corrugated packaging products. Earlier in the year, European packaging giant Smurfit Kappa, said the worst of the slowdown in terms of demand for paper and containerboard seemed behind it.
The NFL will expand its international search for talent by opening an academy in rugby-mad Australia to develop promising teenagers in the Asia-Pacific region into college and pro prospects. The NFL Academy will open in September for student athletes aged 12 to 18, following recruitment camps taking place this summer in Australia and New Zealand, the league announced on Thursday. Ahead of the NFL Draft, the announcement says the region is full of talent such as Philadelphia Eagles offensive tackle Jordan Mailata, a 6-foot-8 (2.08-meter) Australian who was deemed too big for rugby league.
The Raleigh, North Carolina-based lender has been boosted by its buyout of SVB, which collapsed last year after a deposit flight spiraled out of control and led to the biggest banking crisis in 15 years. Since SVB's collapse, banking giants including JPMorgan Chase and HSBC have tried to beef up their businesses catering to startups and venture capital firms. "It's been over one year since SVB became part of First Citizens, and we continue to successfully execute on our integration efforts, which are accelerating the momentum of our franchise," CEO Frank Holding Jr. said.
Bristol Myers Squibb on Thursday reported a first-quarter loss as charges related to its recent acquisitions of Karuna Therapeutics, RayzeBio and Mirati Therapeutics offset a 5% increase in revenue. The New Jersey-based drugmaker posted a loss of $4.40 per share, including charges for acquired research and development. On a net basis, Bristol's loss was $5.89 per share.
The rally attempt paused Wednesday as Nvidia reversed lower. Meta, Chipotle and ServiceNow led key earnings late.
Yoko Ono personally gave the box to John Lennon’s bank manager after his death in December 1980.
Bombardier reported a higher-than-expected cash burn in the first quarter on Thursday as the Canadian planemaker builds up inventory to support increased production of business jets amid resilient demand for private flying. Cash burn for the quarter through March rose 57% to $387 million, above analysts' estimates of $361 million, according to LSEG data. The Montreal-based company is facing pressure from rival General Dynamics' Gulfstream, which had its flagship G700 luxury jet certified last month by the U.S. Federal Aviation Administration.
No 10 has criticised the BBC after the broadcaster spent licence fee payers’ money on the US series Suits starring the Duchess of Sussex.
Be greedy when others are fearful?
Pedro Sánchez accuses opponents of ‘bullying operation’ conducted against him and his wife, Begoña Gómez
As Alice and the Red Queen run towards a chessboard in Lewis Carroll’s childhood classic, the wind whistling in their ears, the little girl makes a curious discovery: despite running very fast for a very long time, she hasn’t actually moved.
MeiraGTx Holdings plc ( NASDAQ:MGTX ) is possibly approaching a major achievement in its business, so we would like to...
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Q1 2024 Knight-Swift Transportation Holdings Inc Earnings Call
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Greg Rutherford has opened up on the tough time his family is going through.
Gary Neville will not be at Nottingham Forest’s ‘Super Sunday’ clash with Manchester City amid the ongoing fallout from their extraordinary attack on the appointment of Stuart Attwell as Video Assistant Referee for their defeat at Everton.
Huntington Bancshares ( NASDAQ:HBAN ) First Quarter 2024 Results Key Financial Results Revenue: US$1.65b (down 10% from...
Good Morning Maryland from Dahlia and Vine Flower Farm
Democratic Republic of Congo is pushing Apple Inc for information about its supply chain over concerns it may be tainted with conflict minerals sourced from the country, international lawyers engaged by Congo said on Thursday. Congo, particularly its eastern region, has been plagued by violence since the 1990s, killing millions as struggles over national identity, ethnicity, and resources saw neighbouring countries invade and a myriad of armed groups spring up. Conflict has arisen over the control of illicit trade in tin and gold as well as in coltan and tantalum - widely used in cell phones and computers - all mined in Congo before being smuggled out through neighbouring Rwanda, Uganda and Burundi.
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