The state of Maryland is exercising its statutory authority to acquire the intellectual property rights to the Preakness Stakes and Black-Eyed Susan Stakes. By matching an $85 million offer, officials effectively pre-empted Churchill Downs, which had previously reached an agreement to purchase the assets from a Stronach Group subsidiary.
A blank-check company is entering the public markets with a $300 million target, as Bleichroeder Acquisition Corp. III filed paperwork Thursday with the Securities and Exchange Commission to launch its initial public offering. The firm seeks to capitalize on technological shifts across North American and European industrial landscapes.
The U.S. Navy has awarded Boeing an $880 million contract to overhaul training infrastructure for its P-8A Poseidon fleet. This long-term agreement focuses on modernizing aircrew and maintenance simulation systems, ensuring the maritime patrol aircraft remain combat-ready through the next decade as global naval requirements evolve.
Shareholders of World Kinect are set to receive a 15% boost to their quarterly dividend, with the payout rising from 20 cents to 23 cents per share. This adjustment, which translates to 92 cents annually, reflects the company's latest effort to return value to its investors.
Two sudden seismic events and a series of storm-induced power failures have forced Canada-based Alamos Gold to slash its production outlook. The company now expects second-quarter output to drop by 12 percent, as infrastructure damage at the Young-Davidson mine hampers access to key mining stopes.
Plastic fragments have forced a recall of specific Morningstar Farms Buffalo Chik’n Nuggets and Hot & Spicy Sausage Patties, prompting safety concerns for consumers. The affected products, now under the Mars Inc. umbrella following the acquisition of Kellanova, were flagged for potential physical contamination in the manufacturing process.
A 22% surge in after-hours trading greeted Leifras on Thursday, pushing its American depositary receipts to $2.59. The jump follows the Japanese sports and social business firm’s latest quarterly disclosure, which signaled a rebound in revenue despite a year-to-date decline in the company’s valuation.
Defense sector shares plummeted on Thursday as a confluence of cooling Middle East tensions, threats to NATO funding, and aggressive legislative moves to curb stock buybacks rattled investors, forcing a sharp correction across major industry players including Lockheed Martin and Northrop Grumman.
Shareholders of NorthEast Community Bancorp are set for a pay bump as the institution raises its quarterly dividend to 25 cents per share. This 25 percent increase from the previous 20-cent payout reflects the company's latest capital distribution strategy following Wednesday’s market close at $25.47.
Nvidia finalized a $25 billion multi-tranche bond offering on Thursday, signaling a significant capital injection for the chipmaker. SEC filings confirm the company successfully offloaded seven distinct series of notes, ranging from short-term debt maturing in 2028 to long-dated obligations extending through 2056, to fuel its ongoing AI-driven expansion.
ATN International shareholders will see a bump in their next quarterly payout, as the company lifts its cash dividend to 29 cents per share. This 5.5% increase from the previous 27.5-cent level marks a continued commitment to returning capital, a practice the firm has maintained consistently since 1999.
Peter Hansen-Chambers will step into the chief financial officer role at Motorsport Games on July 1, marking a leadership transition aimed at bolstering the company’s strategic reach. He succeeds Stanley Beckley, who transitions to a specialized position overseeing the firm’s accounting and compliance functions.
Winds exceeding 80 miles per hour tore through a Newport News coal facility on Sunday, leaving a critical stacker reclaimer machine inoperable. The destruction at Dominion Terminal Associates, a site majority-owned by Alpha Metallurgical Resources, now threatens to disrupt the firm’s supply chain logistics across the region.
A 17% surge in Smith & Wesson Brands stock on Thursday triggered a broader industry rally, as the manufacturer reported a 27% jump in quarterly sales. The company’s optimistic forecast for sustained demand across the sector signaled to investors that the market for handguns remains robust despite broader economic uncertainties.
A 4.7% surge in Navan’s stock price on Thursday followed the company’s announcement of its intent to acquire Brazilian travel-management firm Smartrips. The deal marks a strategic push into Latin America, a region the platform identifies as a primary growth engine for the global corporate-travel market.
A hostile takeover attempt by Diana Shipping hit a wall Thursday as preliminary voting results indicated that Genco Shipping & Trading stockholders rejected Diana’s board nominees. Investors instead signaled support for all Genco-backed proposals, including the extension of a controversial shareholder rights agreement designed to insulate the company from unsolicited acquisition bids.
A fresh contract with Planck Dynamics has sent Quantum Computing shares up 5.3% to $10.29 by midday Thursday. The deal centers on the supply of NeuraWave photonic reservoir computer systems, marking a tangible step forward for the firm’s hardware integration into next-generation artificial intelligence tools.
A 10% year-over-year surge in fuel reward redemptions at Kroger signals shifting consumer behavior as shoppers navigate the impact of Middle East instability on domestic gas prices. During the fiscal 2026 first quarter, the grocery giant leaned heavily on its loyalty program to drive traffic through persistent inflationary pressure.
A 6.5% jump in share price greeted Bed Bath & Beyond on Thursday morning, reaching $6.03 as the retailer accelerated its physical integration with The Container Store. The move marks a pivot toward a unified home-solutions model, building on a $150 million acquisition finalized earlier this spring.
Shares of Butterfly Network climbed 33% to $7.59 on Thursday after the company revealed that Midjourney is integrating its proprietary ultrasound-on-chip modules into a new full-body tomographic imaging machine. This milestone pushes the company’s year-to-date stock performance to nearly a 100% gain.
“Unfortunately, price increases are unavoidable,” Apple Chief Executive Tim Cook told The Wall Street Journal, signaling that rising storage and memory costs have reached an unsustainable point. This candid admission from the tech giant triggered an immediate rally among major chip manufacturers struggling to meet global AI-driven demand.
A preliminary agreement between the U.S. and Iran to reopen the Strait of Hormuz triggered a sharp retreat in oil markets Thursday. By midday, crude futures tumbled as traders braced for a potential influx of Iranian barrels, signaling a significant shift in regional supply dynamics and global energy pricing.
Adobe is integrating a generative AI agent directly into its flagship creative applications, aiming to automate complex production workflows. By allowing users to issue natural language commands, the assistant handles routine tasks like video sorting, background removal, and brand asset updates across Photoshop, Premiere, and Illustrator.
A 17% drop in Accenture’s share price followed the company’s decision to slash its annual sales forecast, as management pointed to a $100 million revenue hit from Middle East instability and stalled contract negotiations that soured an otherwise steady quarter of artificial intelligence-led demand.
Patients facing the 2026-2027 flu season will soon have a more affordable alternative to Genentech’s Xofluza, as the FDA has granted approval for the first generic version of the single-dose treatment. Norwich Pharmaceuticals will manufacture the baloxavir marboxil tablets, marking a shift in the market for acute influenza therapy.
A series of incidents involving autonomous vehicles maneuvering into active construction zones has triggered a massive safety recall for Waymo. The Alphabet-owned company is pulling back its fifth-generation automated driving systems after reports surfaced of robotaxis ignoring ramp closures and navigating through restricted freeway work sites.
Accenture’s decision to lower its fiscal 2026 revenue guidance sent a tremor through European markets Thursday, triggering a sector-wide selloff. The move amplified existing investor anxiety regarding the long-term viability of traditional software firms currently grappling with the rapid integration and competitive pressures of artificial intelligence.
Setting a clear path for expansion, Advanced Drainage Systems expects to eclipse $4 billion in revenue by fiscal 2030. The Ohio-based firm plans to leverage organic growth and recent high-profile acquisitions to push beyond its current $3.05 billion baseline, signaling a significant shift in its long-term financial trajectory.
A potential $725 million windfall from the Department of Defense is set to transform the American rare earth supply chain. By backing the expansion of the White Mesa Mill in Utah, the U.S. government aims to secure domestic production of critical minerals and alloys, reducing reliance on overseas processing.
A $30 million settlement is set to resolve antitrust claims against Otter Tail Corp. and its subsidiaries, Northern Pipe Products and Vinyltech, following accusations of coordinated pricing in the PVC pipe market. The agreement marks a significant exit for the company from one branch of a sprawling federal class-action lawsuit.
