Market updates

Darktrace chief steps down ahead of £4.3bn private equity takeover
September 06, 2024 06:06 PM AEST| By EODHDPoppy Gustafsson has stepped down as the boss of Darktrace ahead of the takeover of the UK cybersecurity firm. Ms Gustafsson, who co-founded the business in 2013, will be replaced as chief executive b...

Developer plans tens of thousands of green belt homes as part of Starmer’s building boom
September 06, 2024 04:00 PM AEST| By EODHDSir Keir Starmer and Angela Rayner have laid out plans to unlock development on 'grey belt' land - Darren Staples/Getty Images Europe One of the UK’s biggest housing developers is seeking to build ten...

The FT Money Machine: how we transformed an iconic invention for virtual reality
September 06, 2024 02:00 PM AEST| By EODHDThe most important question to ask yourself when considering building a digital version of a 75-year-old hydraulic computer is also the most

Japanese cars, beer gain ground in S.Korea as relations thaw
September 06, 2024 01:30 PM AEST| By EODHDJapanese products, from cars to beer, whisky and clothes, have been rising in popularity in South Korea, rebounding from consumer boycotts in 2019 on the back of improving bilateral relations and the...

Ousted RBC executive Ahn denies allegations of intimate relationship with subordinate
September 06, 2024 08:47 AM AEST| By EODHDRoyal Bank of Canada's former Chief Financial Officer Nadine Ahn has denied all allegations about her relationship with a subordinate detailed in an RBC counterclaim after she sued the bank for wrongf...

The CrowdStrike outage had an outsized impact on Delta, analysts say—and its rivals are soaring because of it
September 06, 2024 08:41 AM AEST| By EODHDDuring July’s peak vacation season, Delta Air Lines was far from enjoying the dog days of summer. The July 19 CrowdStrike power outage—which battered millions of Microsoft operating systems—resulted i...

Teamsters could extend strike to other Marathon refineries as Detroit negotiations stagnate
September 06, 2024 07:21 AM AEST| By EODHDBy Nicole Jao NEW YORK (Reuters) - Marathon Petroleum has been unwilling to negotiate with union members at its Detroit refinery since more than 200 workers went on strike, Teamsters said on Thursday,...

Prologis to Participate in BofA Securities 2024 Global Real Estate Conference
September 06, 2024 07:00 AM AEST| By EODHDSAN FRANCISCO, Sept. 5, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that Tim Arndt, chief financial officer, will present at the BofA S...

CarMax Announces Second Quarter Conference Call
September 06, 2024 07:00 AM AEST| By EODHDRICHMOND, Va., September 05, 2024--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2024 before the market opens on September 26, 2024...

Toyota, Nissan to support Japan's battery production capacity, Nikkei reports
September 06, 2024 06:56 AM AEST| By EODHD(Reuters) - Toyota Motor, Nissan Motor and other companies will help expand Japanese production capacity for storage batteries by around 50% with government support through a total investment of 1 tri...

Broadcom Surpasses Third-Quarter Views Driven by AI Boom, VMware Purchase
September 06, 2024 06:55 AM AEST| By EODHDBroadcom Surpasses Third-Quarter Views Driven by AI Boom, VMware Purchase

Broadcom Inc.: Fiscal Q3 Earnings Snapshot
September 06, 2024 06:28 AM AEST| By EODHDPALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — Broadcom Inc. (AVGO) on Thursday reported a fiscal third-quarter loss of $1.88 billion, after reporting a profit in the same period a year earlier. Th...

Red Lobster receives court approval for sale to Fortress
September 06, 2024 06:22 AM AEST| By EODHDRestaurant chain Red Lobster on Thursday received court approval for a restructuring that will allow the company to emerge from bankruptcy under the ownership of a Fortress Investment Group-led coalit...

National Beverage: Fiscal Q1 Earnings Snapshot
September 06, 2024 06:22 AM AEST| By EODHDFORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — National Beverage Corp. (FIZZ) on Thursday reported profit of $56.8 million in its fiscal first quarter. On a per-share basis, the Fort Lauder...

These Stocks Moved the Most Today: C3.ai, Tesla, U.S. Steel, Nvidia, NIO, Frontier Communications, HPE, ChargePoint, and More
September 06, 2024 06:22 AM AEST| By EODHDShares of C3.ai fall sharply after subscription revenue misses analysts’ forecasts, Tesla stock extends gains, and U.S. Steel rises after sliding on a report that President Joe Biden is moving closer...

Broadcom raises annual AI revenue estimate on demand for custom chips
September 06, 2024 06:20 AM AEST| By EODHD(Reuters) - Chipmaker Broadcom beat Wall Street expectations for third-quarter revenue on Thursday, driven by demand for its networking and custom chips used in artificial intelligence applications. T...

DocuSign: Fiscal Q2 Earnings Snapshot
September 06, 2024 06:13 AM AEST| By EODHDSAN FRANCISCO (AP) — SAN FRANCISCO (AP) — DocuSign Inc. (DOCU) on Thursday reported fiscal second-quarter profit of $888.2 million. The San Francisco-based company said it had net income of $4.26 per...

Mohawk Industries Names Mauro Vandini President – Global Ceramic Segment
September 06, 2024 06:10 AM AEST| By EODHDMohawk Industries, Inc. CALHOUN, Ga., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced the promotion of Mauro Vandini as President of the Company’s Global Ceramic...

Should Investors Bet On DraftKings Or The Parent Of FanDuel?
September 06, 2024 06:02 AM AEST| By EODHDFanDuel vs. DraftKings: The battle of the sports betting giants continues as FanDuel-parent Flutter Entertainment likes its odds. Continue reading View comments

Hershey attacks lawsuits targeting product packaging, seeks to end Reese's case
September 06, 2024 06:00 AM AEST| By EODHDHershey urged a U.S. judge to dismiss a lawsuit claiming it misled consumers about several Reese's peanut butter candies, using its request to level a broadside against what it considers baseless clas...
AI on the Rise: A Look at Top AI Companies and Their Stocks