Rising Inflation Causes Sharp Drop in Metal Producers
Recent rise in inflation leads to a sharp decline in metal producers as market expects interest rate hike to combat inflation.
New England Ports Brace for Hurricane Lee
New England ports are preparing for the arrival of Hurricane Lee, which is expected to bring strong winds, heavy rain, and coastal flooding. The storm may impact fuel supplies and requires vessels and facilities to make necessary preparatio...
UAW Considers Targeted Strikes at Ford, GM, and Stellantis Plants
The United Auto Workers (UAW) is contemplating targeted strikes at Ford, GM, and Stellantis plants to maximize impact and achieve favorable outcomes.
Cracker Barrel Looks to Boost Traffic Amid Sales Miss
Cracker Barrel reported better-than-expected earnings but fell short of sales forecast. The company aims to improve traffic and value creation through marketing and operational measures.
Concerns Surrounding Nio Inc. Stock Price Amid EU's Investigation
Nio Inc. stock experiences dip as EU investigates Chinese EV subsidies and impacts other manufacturers. Tesla sees gain amidst competitive pressures. Keep an eye on BYD Co. and Geely Automobile Holdings Ltd. as they enter the European marke...
Sutton Harbour Group Reports Strong Summer Performance
Sutton Harbour Group reports strong performance in summer with growth in visitor revenue and high marina occupancy. Plans to address rising interest rates.
Supreme PLC Meeting Fiscal 2024 Market Views
Supreme PLC expects to meet fiscal 2024 market views and reviews potential impact of disposable vape device ban. Positive market response with increase in shares.
Hamburg Port Operator Receives Takeover Offer
Hamburger Hafen und Logistik (HHLA) receives a takeover offer from MSC Mediterranean Shipping Co., causing a surge in share price. The offer values the shares at €1.21 billion and comes as part of an agreement with the city of Hamburg. HHLA...
WeWork Stock Soars 80.8% on Heavy Volume
WeWork's stock experiences an astonishing surge of 80.8% in value over two days, making it the best performing stock on U.S. exchanges, with no apparent reason.
Matrix Service Sees Surge in Backlog, Shares Rise
Industrial contractor, Matrix Service, reports a 31% increase in backlog, resulting in a 12% rise in shares. CEO expresses confidence in company's future growth.