Recent High-Profile Departures Shake Fortescue Metals Group
Fortescue Metals Group faces high-profile departures in top executive roles while staying committed to clean-energy goals and its position in the steel industry.
Hurricane Idalia's Property Damage Estimates
Preliminary estimates released by Moody's predict $10-16 billion in property damage from Hurricane Idalia, less than Hurricane Ian. Impact on insurers and economic impact examined.
Dell Technologies Revenue Declines in Latest Quarter
Dell Technologies experienced a decline in revenue and net income for the latest quarter. Adjusted earnings per share surpassed expectations, while recurring revenue and deferred revenue saw growth. The Chief Operating Officer highlighted t...
Hurricane Idalia: Berkshire Hathaway's Reinsurance Challenge
Hurricane Idalia puts Berkshire Hathaway's reinsurance bet to the test in Florida, with potential for substantial profits or losses.
De-dollarization and the Recent Rebound of the U.S. Dollar
This article discusses the concept of de-dollarization and the recent rebound of the U.S. Dollar, analyzing the factors behind its rise and its potential implications for global markets.
Statkraft Acquires Wind-Power Portfolio in Germany and France
Statkraft completes acquisition of wind-power portfolio in Germany and France, with plans to optimize operation and replace older turbines for increased energy output.
Baidu Opens Up New Possibilities with its AI Product
Baidu's revolutionary AI product 'Ernie' is now available to the public, offering new possibilities in generative AI. Analysts see potential for transformed search capabilities and increased engagement.
Ethanol Inventories Drop to Lowest Level in Months
Ethanol inventories have reached their lowest level since November of last year, according to recent government data. The decrease in inventories is larger than anticipated and has impacted corn and soybean futures.
Brown-Forman Corp. Reports Unexpected Decline in Q1 Profit
Brown-Forman Corp. reports an unexpected decline in Q1 profit and slightly misses sales expectations, attributed to prior glass supply challenges. Despite this, the company remains optimistic about its future prospects.
Stadler Rail Reports Strong Performance in First Half
Shares of Stadler Rail surge after strong performance with increased free cash flow and solid order intake.