In a sign of trouble for Apple iPhone business, the chip maker Skyworks Solutions provided a warning to investors about softening demand for smartphones. Skyworks makes analog and mixed-signal chips used by Apple and other handset makers. Skyworks in its September 2023 fiscal year generated 66% of revenue from a single customer—Apple.
U.S. stock indexes drifted higher to set more records following another quiet day of trading. The Nasdaq composite added 0.2%, a day after setting its latest all-time high. The Nasdaq composite rose 37.75 points, or 0.2%, to 16,832.62.
XPeng stock (XPEV) is being driven into the green after the Chinese EV maker beat first-quarter estimates, narrowing expected losses per share. Yahoo Finance's Market Domination checks out XPeng's vehicle delivery guidance for the second quarter. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Shares of Macy's (M) are climbing higher after the company topped first quarter earnings expectations and raised its full-year guidance. Yahoo Finance Reporter Brooke DiPalma breaks down the earnings report and the department store chain's turnaround strategy amid weak consumer spending. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE ON SEDAR+ WITHIN TWO BUSINESS DAYS TORONTO, May 21, 2024 (GLOBE NEWSWIRE) -- IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Markets, BMO Capital Markets and RBC Capital Markets pursuant to which they have agreed to purchase, on a bought deal basis, 72,000,000 common shares of the Company at a pric
WASHINGTON, May 21, 2024--The U.S. Department of Agriculture announced today the launch of "SUN Programs: USDA’s Summer Nutrition Programs for Kids," to help improve nutrition security during the summer months. Through the suite of SUN Programs, families now have more choices and convenient ways to get summer nutrition support for their children and teens with new SUN Bucks, SUN Meals, and previously launched SUN Meals To-Go. Collectively, these programs continue the work of the Biden-Harris Adm
Target (TGT), or what some have nicknamed "Tarzhay," has seen its fair share of ups and downs in retail as a six decade-old company. Beyond the Ticker takes a deep dive into the retail giant’s biggest moments. 1962 The first Target discount store opened in Roseville, Minnesota. It was owned by the Dayton Company, which also had a well known department chain store called Dayton's. The two stores were competitors. 1990 The first Target Greatland opened in Apple Valley, Minnesota. Fifty percent larger than a standard Target store, Target Greatland included wider aisles, additional food options, and more efficient check lanes. 1995 The first SuperTarget opened in Omaha, Nebraska, combining Target Greatland with an upscale grocery store, Archer Farms Market. 2000 Dayton Hudson Corporation was renamed Target, operating under the new ticker symbol TGT. 2014 Current CEO Brian Cornell took the helm. Cornell was faced with years of weak sales growth and in charge of turning the cheap and chic retailer around. 2021 Ulta Beauty (ULTA) debuted at Target. That business proved to be a bright spot, luring in foot traffic, as customers were pulling back on spending in recent quarters. 2022 Target was one of the first companies to address "shrink," aka retail theft. That year, the company blamed the drop in gross margin rate on shoplifting, or "shrink." 2023 The big box retailer is thinking to the future, investing in promotions with its Circle Rewards program and investing in its footprint. With its biggest fleet yet, the company had more than 1,900 stores across all 50 states. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds.
NEW YORK, May 21, 2024--American International Group, Inc. (NYSE: AIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at Bernstein’s 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024, at 11:00 a.m. ET.
NEW YORK, May 21, 2024--The New York Stock Exchange ("NYSE", the "Exchange") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A ordinary shares of Cazoo Group Ltd (the "Company") — ticker symbol CZOO — from the NYSE. Trading in the Company’s Class A ordinary shares will be suspended immediately.
The FTSE 100 index continues to trade near record territory as the focus turns to a big week of corporate results. BT Group, Vodafone, Burberry and easyJet are due to report, with tomorrow’s employment and earnings report among other key events. In today’s session, digital marketing group Mission said it rejected a takeover approach from a company backed by former Tory Party deputy chairman Lord Ashcroft.
The trade group for major U.S. airlines on Tuesday urged the government to act quickly to address a long-standing air traffic controller shortage ahead of the busy summer travel season but the U.S. Federal Aviation Administration chief accused the group of trying to deflect responsibility for flight delays. Nick Calio, head of Airlines for America, whose members include American Airlines, Delta Air Lines, United Airlines and Southwest Airlines, said the staffing shortage "has a direct impact on airline operations and the traveling public."
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US stock market indexes (^DJI, ^IXIC, ^GSPC) close the day in the green with fresh record highs for the S&P 500 and Nasdaq Composite. Market Domination Overtime Host Julie Hyman looks back on the day's market performance, while Yahoo Finance Senior Markets Reporter Jared Blikre reviews standout sectors and industry leaders after Tuesday's market close. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
FRANKLIN, Tenn., May 21, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (the “Company”) (NASDAQ: KALU) today announced that its upcoming 2024 Annual Meeting of Stockholders (the "Annual Meeting") will now be held at the Company's corporate office at 1550 West McEwen Drive, Suite 500, Franklin, Tennessee 37067. The Annual Meeting will be held at the originally scheduled date and time on Tuesday, June 11, 2024 at 9:00 a.m. Central Time. Further information regarding the change in the locatio
ELMIRA, N.Y., May 21, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on July 1, 2024, to common stock shareholders of record as of the close of business on June 17, 2024. Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 31 offices through its principal subsidiary, Chemung Canal Trust
Kelly Gratz Kelly Gratz Karen Morrison Karen Morrison NEWARK, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- Park National Corporation’s (NYSE American: PRK) (Park) board of directors announced today that they elected Karen Morrison and Kelly Gratz to serve as directors effective July 1, 2024. Both will also join the board of directors of The Park National Bank, Park’s banking subsidiary, effective on the same date. These elections expand Park’s board to 16 directors, including one director emeritus. “K
NEENAH, WI, May 21, 2024 (GLOBE NEWSWIRE) -- Plexus Corp. (NASDAQ: PLXS) announced today that it will attend the 2024 Stifel Cross Sector Insight Conference in Boston, MA on June 4, 2024. During the conference, Stifel will host a fireside chat with Plexus’ management team at 2:25 p.m. Eastern Time. The fireside chat will be available via live webcast. What:Plexus Fireside Chat and Webcast at the Stifel 2024 Cross Sector Insight ConferenceWhen:Tuesday, June 4, 2024, at 2:25 p.m. Eastern TimeWhere
NASHVILLE, Tenn., May 21, 2024 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (“RHP”), a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and country music entertainment experiences, announced today that it will release its second quarter 2024 earnings results after the market closes on Wednesday, July 31, 2024. Management will hold a conference call to discuss the quarter's results at 11:00 a.m
DUBLIN, May 21, 2024--Intelligent power management company Eaton (NYSE:ETN) today announced it has completed the acquisition of Exertherm, a privately owned, U.K.-based provider of thermal monitoring solutions for electrical equipment.
SAN MATEO, Calif., May 21, 2024--Guidewire (NYSE: GWRE) announced that management is scheduled to present at the 44th Annual William Blair Growth Stock Conference. The Guidewire presentation is scheduled for Thursday, June 6, 2024 at 10:00 a.m. CT (8:00 a.m. PT) in Chicago, Illinois.
HOUSTON, May 21, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle’s Chief Financial Officer, is scheduled to present on Tuesday, June 4, 2024 at 1:30 p.m. Eastern Time at Nareit’s REITweek: 2024 Investor Conference. Mr. Schlanger’s presentation will be broadcast live over the Internet and is expected to last approximately 30 minutes. The live presentation for the conference will be available on Crown Castle’s website at www.
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