Shareholders of Smart Sand are set to receive a special cash dividend of 10 cents per share, as the company continues its strategy of returning capital to investors. The payout, confirmed by the board, arrives mid-summer following a period of active buybacks and financial distributions.
By integrating advanced software with physical hardware, Grid Dynamics and Doosan Robotics are launching a turnkey solution designed to automate complex manufacturing tasks. The partnership aims to streamline the deployment of artificial intelligence in industrial settings, targeting specific challenges like variable assembly and the handling of irregular object geometries.
With net income climbing to $818.1 million, Intuitive Surgical outperformed Wall Street expectations in the second quarter. Driven by a surge in procedure volume and an expanded installed base of its da Vinci systems, the medical robotics manufacturer saw revenue rise 19% to $2.89 billion, comfortably beating analyst projections of $2.82 billion.
Elutia has entered a definitive agreement to offload its SimpliDerm unit to Cellution Biologics, a move designed to shore up the firm’s balance sheet. The transaction, valued at as much as $11 million, allows the company to pivot its resources toward its flagship antibiotic-eluting biomatrix pipeline.
South Plains Financial is boosting its quarterly cash dividend by 6 percent, raising the distribution to 18 cents per share. This adjustment, up from the previous 17-cent payout, reflects the company's current capital allocation strategy following Thursday's market close at $44.25 per share.
The U.S. Navy’s Military Sealift Command has tapped Reston-based defense contractor CACI International for a five-year, $113 million project aimed at overhauling its core business systems. The agreement tasks the firm with digitizing operations for a global fleet that sustains deployed military forces across the world.
Topgolf is transforming its business model from a venue-based entertainment chain into a comprehensive media and licensing platform. By launching Topgolf Media Networks, the company intends to consolidate its physical footprint and digital reach into a unified gateway for brands seeking deep, multi-channel engagement with its massive consumer base.
A sharp 6% plunge in South Korea’s Kospi index, fueled by steep losses for SK Hynix and Samsung, spilled into U.S. markets today. The Nasdaq shed 1% as investors soured on semiconductor holdings, despite Taiwan Semiconductor Manufacturing reporting its fifth consecutive quarter of record earnings, signaling a cooling sentiment across the tech sector.
A 5.8% surge in Compass Diversified Holdings shares followed a pointed letter from ADW Capital Management, which is demanding an immediate strategic review to facilitate an orderly liquidation of the private-equity firm. The hedge fund claims current board conflicts are stifling maneuvers that could otherwise unlock significant shareholder value.
Intercontinental Exchange canola futures surrendered the majority of Wednesday's gains on Thursday, reflecting a broader market downturn as crude oil and related vegetable oils retreated. The commodity continues its volatile week, oscillating between daily gains and losses as traders react to shifting global energy and grain benchmarks.
A Seattle federal judge on Wednesday cleared Starbucks of allegations that the company deceived shareholders regarding its customer traffic metrics. The ruling strikes down a class-action suit which argued that executives intentionally obscured declining foot traffic in the United States and China during a January 2024 earnings call.
Shares of data center operator Csquare dipped to $20.41 during their Thursday market debut, struggling to maintain the $21 price point established in the firm’s initial public offering. The cooling performance arrived as investors weighed the company’s $3.25 billion market valuation against broader sector volatility on the New York Stock Exchange.
The Federal Reserve’s internal security framework requires an immediate, enterprise-level upgrade to shield sensitive assets from unauthorized disclosure. A new Office of Inspector General report warns that the central bank currently lacks the centralized procedures necessary to proactively identify or mitigate risks posed by its own personnel.
Crude oil futures drifted lower during Thursday’s midday session as traders weighed the persistent threat of supply disruptions in the Strait of Hormuz against the possibility of renewed diplomatic negotiations with Iran, leaving the market caught in a precarious state of uncertainty regarding the conflict’s next phase.
A sharp 6% plunge in South Korea's Kospi index, fueled by heavy losses at SK Hynix and Samsung, has sent tremors through global markets today. The sell-off hit the U.S. tech sector hard, dragging the Nasdaq lower as investors recalibrate their positions in artificial intelligence and semiconductor holdings.
Saudi Aramco has tapped Halliburton to manage the development of nearly 300 oil wells across the kingdom. The lump-sum contracts, spanning an initial three-year term, encompass a comprehensive suite of services including drilling, well completions, and labor procurement for 285 sites, with an option to extend the work by two years.
A decade-long, $500 million agreement between GE HealthCare and Catholic Health aims to overhaul diagnostics across Long Island. The partnership will deploy over 1,300 pieces of advanced medical equipment, integrating AI-driven imaging and cloud-based workflow tools to modernize operations at more than 40 hospitals and outpatient facilities.
By integrating DataPelago into its infrastructure portfolio, NetApp aims to solve the persistent data processing bottlenecks slowing enterprise AI deployment. The acquisition, announced Thursday, brings the startup's Nucleus technology under the NetApp umbrella, allowing the storage giant to shift how businesses handle massive datasets for analytics and machine learning.
A steep market correction defined the opening hours for QumulusAI as the cloud platform’s stock plummeted during its first day on the Nasdaq exchange. After an initial opening price of $38, the shares rapidly shed value, recently trading at just $15.60, signaling a difficult entry into public markets.
A $1.7 billion infusion from Industrial Development Funding and Oaktree Capital Management is set to power new artificial intelligence cloud infrastructure through Bloom Energy fuel cells. The project aims to bypass traditional grid constraints, delivering direct, on-site electricity for Nebius as it scales its compute capacity to meet heavy AI workloads.
Nitin Dahiya, a two-decade veteran of the investment sector, will take the helm as chief financial officer at Energy Vault Holdings starting July 27. He steps into the role as the company seeks to accelerate its expansion across utility-scale energy storage and AI infrastructure markets.
Fifty-five consecutive years of payout hikes have cemented PPG Industries’ status among the market’s most reliable income generators. The Pittsburgh-based paint manufacturer confirmed a 4.2% dividend increase this week, pushing its quarterly distribution to 74 cents per share and reinforcing its position within the elite Dividend Aristocrats index.
Glenn Reicin is stepping down as Chief Financial Officer of Harmony Biosciences effective Thursday, leaving the pharmaceutical company to pursue new career opportunities. The announcement arrives as the firm reports a significant surge in quarterly product revenue for its flagship sleep disorder medication, Wakix, despite a lingering decline in share price.
Shares of Stryker climbed 5.1% to $332.99 today as the medical technology firm officially launched its Mako robotic power system for total knee replacements. This commercial rollout targets a fresh segment of the orthopaedic market, aiming to bridge the gap for surgeons hesitant to adopt fully automated surgical workflows.
LCNB shares surged 7.1% to reach a 52-week high of $19.17 on Thursday, fueled by a robust second-quarter performance. The regional bank, which operates across Ohio and Kentucky, reported a significant 27% climb in net income, signaling a strong financial trajectory for the year with shares now up 18%.
Financial institutions can now mint, move, and manage stablecoins through a new centralized platform from Visa. The system, designed to bridge the gap between digital asset interest and functional payment infrastructure, debuts with support for Open USD, a stablecoin developed by Open Standard.
Instacart acquired computer vision startup Arpalus on Thursday, aiming to sharpen its real-time inventory management for grocery retailers. By integrating shelf-scanning technology into its existing platform, the company intends to minimize out-of-stock errors and refine the digital shopping experience across its vast network of retail partners.
Micron Technology has formalized strategic agreements with a roster of automotive suppliers, including Qualcomm, Visteon, and Hyundai Mobis. By integrating its memory and storage roadmap directly with these manufacturers, the company aims to stabilize production planning and accelerate the development of increasingly complex vehicle software platforms.
Institutional investors will soon gain direct access to market-moving commentary from high-profile accounts on Truth Social. Trump Media & Technology Group announced the launch of Truth API, a data-licensing service designed to feed verified, real-time posts into the high-frequency and algorithmic trading systems of financial firms starting August 1.
The U.S. Special Operations Command has awarded Lockheed Martin a 12-year, $10.5 billion contract to oversee global logistics and sustainment. This agreement secures the defense contractor's long-standing role in maintaining the operational readiness of elite forces, continuing a partnership that has evolved since the original program launched in 2010.
