Trump Media & Technology Group (TMTG), operator of Truth Social, announced a $400 million stock buyback plan to enhance financial flexibility. This follows a 46% stock value decline this year. The buyback will retire the shares, reducing the number outstanding. TMTG reported a $400.9 million loss in...
Existing home sales in May reached their slowest pace since 2009, declining 0.7% year-over-year, according to the National Association of Realtors. Chief Economist Lawrence Yun attributes the sluggish sales to affordability issues, with median home prices up 52% since 2019 compared to a 30% wage increase. While inventory...
Holcim, a leading sustainable construction partner with CHF 16.2 billion in 2024 net sales, and its spin-off Amrize ($11.7 billion revenue), reported strong financial results. Holcim operates in 45 markets globally, offering building materials and solutions. Amrize focuses on North American professional builders, boasting a vast distribution network. ...
Stellantis' new CEO, Antonio Filosa, assumes his role amid significant challenges. He succeeds Carlos Tavares, whose tenure saw declining sales and strained relationships with dealers and employees. Filosa, a 25-year Stellantis veteran, is tasked with revitalizing US market performance, streamlining the brand portfolio, and mending damaged relationships. While praised...
Bitcoin fell below $100,000 for the first time in a month, dropping 4% to around $99,300 following U.S. airstrikes on Iran. Ether also experienced a significant decline of almost 10%, and the overall crypto market plummeted by 7%. This selloff comes after a year of gains for Bitcoin, fueled...
Bitcoin surged past $102,000 after a brief dip below $101,000, fueled by increased trading volume. The rebound followed a post by James Lavish, Managing Partner of the Bitcoin Opportunity Fund, emphasizing Bitcoin's value even amidst geopolitical uncertainty. The price had been range-bound between $100,000 and $110,000 for about...
Proposed budget cuts to Medicaid and the Affordable Care Act threaten to eliminate nearly 500,000 healthcare jobs over the next decade, according to analyses by George Washington University and the Commonwealth Fund. Reduced funding would lead to fewer patient visits and procedures, impacting hospitals, health centers, and pharmacies. This...
SEGA Sammy's Management Meeting 2025 revealed sales figures for several titles. Sonic Frontiers sold 4.57 million copies, while Persona 5 Royal reached 7.25 million. Sonic Superstars, despite initial concerns, sold 2.43 million, and Shin Megami Tensei 5 sold 2.11 million. Team Sonic Racing totaled 3.5 million sales. ...
Early back-to-school and Apple gadget deals are available now, beating Amazon Prime Day prices. Retailers are offering discounts on earbuds, laptops, tablets, and more, with some items like AirPods and iPad Air already at their all-time lows. These deals are available even without an Amazon Prime membership, offering...
Accenture (ACN) shares plunged 6.9% after its Q3 bookings missed expectations, despite strong AI-driven sales. Albemarle (ALB) dropped 4.6% due to oversupply concerns in the lithium market. Steel Dynamics (STLD) fell 3.2% following lower profit guidance. Conversely, Kroger (KR) surged 9.8% on exceeding profit and sales expectations. Builders FirstSource...
