The S&P 500 closed at a 5.5-month high price level on Wednesday and clocked the second consecutive daily gain. On Thursday, nine out of 11 major S&P 500 sectors closed the day lower. The release of stronger-than-expected earnings reports boosted the S&P 500 on Wednesday.
Steelmaker Ternium on Wednesday posted a first-quarter net profit that edged up 2%, propelled by larger shipments of steel even as it predicted that margins could shrink in the coming months. Ternium, which produces flat steel products for industrial use, posted a net profit of $491 million while its net sales rose by about a third to reach $4.8 billion during the quarter. The company's steel shipments during the January-to-March period, meanwhile, jumped 27% year-on-year to hit 3.9 million metric tons.
Manchester United captain Bruno Fernandes came to his side's rescue with two goals in a 4-2 home victory over the Premier League's bottom club Sheffield United on Wednesday just when more trouble loomed for beleaguered manager Erik ten Hag. Twice United trailed against a side destined for a quick return to the Championship with Jayden Bogle and Ben Brereton Diaz both on target for the visitors but Fernandes helped avert another damaging result. He levelled from the penalty spot in the 61st minute after a foul on Harry Maguire, scorer of United's first equaliser.
EV adoption hasn't been as high as many automakers had hoped, but they are still pushing towards a future with EVs and self-driving vehicles. How can the auto sector ignite demand and what is ahead for the space in the near and long term? The Futurum Group Research Director Olivier Blanchard joins Market Domination to discuss the shift in focus for automakers to make EVs and hybrids. Blanchard lays out one of the current issues with the EV market, causing slower adoption among consumers: "Currently the EV market and the automotive market for software-defined vehicles and EVs, simultaneously, is a little skewed on the side of more expensive models, and consumers are just kind of worried about that kind of spending right now. Things are expensive. Obviously, there's inflation. There's a little bit of price gouging and people are a little bit closer to their budgets and so what we're seeing is a reluctance to buy EVs for two reasons. One, most are still a little above the price point that the average consumer for a mainstream adoption of EVs is comfortable with and the other one is fear about charging and infrastructure, about the serviceability of the vehicles, and also about the long-term resale of these vehicles once the batteries and the technologies on board have a few years on them." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Caterpillar earnings are due early Thursday, The economic bellwether and Dow Jones earthmoving giant has been killing it lately.
LOS ANGELES, April 24, 2024--Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, announced today that it has entered into a definitive agreement to sell its portfolio company TSC Intermediate, Inc. ("Tropical Smoothie Cafe" or the "Company") to private equity funds managed by Blackstone ("Blackstone").
The top officers of four companies the need to adapt and pursue meaning beyond profit at the TIME100 Summit
Q1 2024 revenue and non-IFRS adjusted EPS* above the high end of guidance ranges;2024 full-year outlook raised (All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless otherwise noted.) TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced financial results for the quarter ended March 31, 2024
CONWAY, Ark., April 24, 2024 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, today announced that its Board of Directors has declared a regular $0.18 per share quarterly cash dividend payable June 5, 2024, to shareholders of record May 15, 2024. This cash dividend is consistent with the quarterly dividends paid during 2023. Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, p
Ken Chenault and Ken Frazier said it would be harder to get CEOs to take a stand on issues like voting rights today than in 2021.
ATLANTA & NEW YORK, April 24, 2024--Blackstone announced today that private equity funds managed by Blackstone ("Blackstone") have entered into a definitive agreement to acquire Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. This would be the first transaction from Blackstone’s most recent vintage of its flagship private equity vehicle, and is intended to help accelerate Tropical Smoothie Cafe's already-rapid expansion through con
Yahoo Sports NBA contributor Tom Haberstroh breaks down his latest ‘Big Number’ - explaining how Nikola Jokic’s play at the rim is bewildering Los Angeles and has led the Nuggets to 10 straight wins over the Lakers.
The Grammy-nominated artist was accused of sexual assault by two women last year in separate lawsuits
Selena Gomez and Elyse Cohen, Rare Beauty's VP of Social Impact, joined the 2024 TIME100 Summit to discuss the beauty line
Stephan Sterns is already in jail facing 60 child sexual abuse allegations
Chicago Med alum Colin Donnell has been cast as a guest star in the final two episodes of FBI: International‘s third season, sources confirm to Deadline. Donnell’s character is being under wraps, but his introduction to the series follows the exit of original cast member Luke Kleintank. As we exclusively reported, Kleintank’s final episode as …
Paul Grice is accused of kidnapping and murdering Veronica Butler and Jilian Kelley
PLANO, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- Katapult Holdings, Inc. (Nasdaq: KPLT) (“Katapult” or the “Company”), today announced the filing of its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Form 10-K”). As disclosed in the Form 10-K, the filing cures a listing deficiency set forth in a notice the Company received from Nasdaq on April 18, 2024. The notice stated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely fi
A new logo celebrates the company’s successful shift toward pure-play business aviation. The symbol itself, the Bombardier Mach, features the silhouette of an aircraft breaking the sound barrier, while the strokes of wind over a wing reference the company’s heritageThe employee value proposition “where heart meets mastery” focuses on Bombardier’s talented people, celebrating the workforce’s renowned passion, its incredible craftsmanship and profound technological expertise MONTRÉAL, April 24, 20
The panel at at the Time100 Summit focused on ensuring poorer communities like "Louisiana’s cancer alley or Houston’s chemical quarter" benefit from the clean energy shift
Elliot Page discussed his activism, love of writing and future roles at the TIME100 Summit in New York City.
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