BlackBerry raised its fiscal 2027 revenue forecast to between $616 million and $636 million following a stronger-than-expected second-quarter earnings report. Total Q2 revenue reached $163.3 million, outperforming LSEG analyst consensus estimates of $145.6 million. The upbeat outlook was driven by a record quarter for the QNX automotive software division, which...
Wakefern Food Corp., in coordination with the U.S. Food and Drug Administration, has initiated a voluntary recall of select containers of Wholesome Pantry Organic Unsweetened Apple Sauce. Federal regulators confirmed that routine compliance testing identified elevated levels of patulin, a naturally occurring mycotoxin produced by molds on damaged apples, exceeding...
Veteran manager Javier Aguirre has officially taken over as Valencia’s head coach, stepping into a high-pressure role as the Spanish club languishes 19th in the La Liga standings. Inheriting a squad with only four points from their opening seven matches, the Mexican manager expressed optimism during his introductory remarks, citing...
A surging United States dollar is creating a major policy conflict for the Trump administration, actively undermining executive efforts to boost domestic manufacturing and narrow trade deficits. While President Trump and Treasury officials advocate for a weaker currency to enhance export competitiveness, global financial markets continue driving the greenback higher....
Vertical Aerospace has retained Jefferies LLC as its financial advisor to conduct a formal review of strategic alternatives. The electric aircraft developer aims to secure capital for ongoing certification and industrialization programs. Led by CEO Stuart Simpson and Board Chair Fabrice Brégier, the company is evaluating potential partnerships, joint ventures,...
Oracle has reportedly invoked a force majeure notice regarding a massive 2.45-gigawatt data center project in New Mexico developed by Blue Owl Capital. The legal move aims to shield Oracle from rising cost overruns and financial liabilities, permitting the company to pause payments if the facility misses its scheduled 2028...
European Central Bank Executive Board member Isabel Schnabel is reportedly preparing to step down early from her position in Frankfurt to join the International Monetary Fund. Sources indicate she plans to assume leadership of the IMF Monetary and Capital Markets Department before her term officially concludes in late 2027. Her...
Qualcomm has officially renewed its global patent licensing agreement with Apple, securing a long-term royalty stream effective April 1, 2027. The multi-year pact builds directly upon the foundational framework established by their 2019 settlement, which successfully resolved widespread international legal disputes between the two companies. This agreement guarantees continued commercial...
Democratic lawmakers have launched joint congressional investigations into former President Donald Trump following reports of a 2024 Mar-a-Lago fundraising dinner where he allegedly requested one billion dollars from oil executives. According to congressional letters sent to major energy companies and industry trade groups, Trump reportedly promised to immediately reverse dozens...
Russia's Krasnodar region declared a state of emergency following intense drone and missile attacks that severely disrupted Black Sea shipping and agricultural logistics. The decree, retroactively effective to mid-August, followed strikes that forced suspensions at key regional grain terminals, including Novorossiysk. These disruptions temporarily crippled approximately ninety percent of Russia's...
