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  • Business Wire

    Ryan Lawsuit Halts Federal Trade Commission (FTC) Ban on Non-Compete Agreements

    DALLAS, July 03, 2024--Today, a federal court ruled for Ryan (a leading global tax services and software provider) and against the U.S. Federal Trade Commission (FTC), halting the FTC’s ban on non-compete agreements set to take effect this fall. U.S. District Court Judge Ada Brown of the Northern District of Texas issued a stay and a preliminary injunction against the FTC in response to Ryan’s lawsuit, which challenges the new rule. The judge’s decision halts implementation of the rule, original

  • Reuters

    AI frenzy expected to have boosted Samsung Q2 profit 13-fold

    Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices. Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely rose to 8.8 trillion won ($6.34 billion) in the quarter ended June 30, according to the average of an LSEG SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate. That amount would be Samsung's highest profit since the third quarter of 2022.

  • Business Insider

    Buy this quiet corner of the stock market as the US braces for a highly active hurricane season, research firm says

    A "very active" hurricane season this summer has been predicted with expectations for 23 named storms, 11 hurricanes, and five "major" hurricanes.

  • Motley Fool

    Why Nano Dimension Stock Soared Today

    The 3D-printing and additive manufacturing specialist announced encouraging preliminary sales results and a new acquisition.

  • GeekWire

    Space Force clears Blue Origin and Stoke Space to bid for fast-turnaround launches

    The U.S. Space Force has added Jeff Bezos’ Blue Origin space venture and Stoke Space, a startup that’s headquartered nearby in Kent, Wash., to a list of eligible providers for rapid-response launch services. The designation means the two rocket companies are cleared to compete for launches under the terms of the Space Force’s Orbital Services Program 4. “OSP-4 is available to our partners across the DoD [Department of Defense] with an emphasis on small orbital launch capabilities and launch solu

  • Reuters

    Arkhouse, Brigade Capital raise buyout offer for Macy's to $6.9 billion, WSJ reports

    The new proposal is to acquire Macy's stock Arkhouse and Brigade Capital do not already own for $24.80 each, up from $24 per share offered in March. Arkhouse Management and Macy's did not immediately respond to Reuters' requests for comment.

  • Reuters Videos

    S&P, Nasdaq post record highs on rate cut hopes

    STORY: The S&P 500 and Nasdaq posted record high closes in a holiday-shortened trading session Wednesday...as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September.The Dow finished down slightly, while the S&P 500 gained half a percent and the Nasdaq climbed nearly nine-tenths of a percent.Both the ADP Employment report and weekly jobless claims data pointed to easing labor market conditions ahead of Friday's closely watched non-farm payrolls report.Investors boosted bets of a September rate cut to over 70%, according to LSEG's FedWatch.Notable stock movers included Tesla, which jumped 6.5% Wednesday after surging more than 10% Tuesday when it posted a smaller-than-expected drop in second-quarter vehicle deliveries. At least five brokers also raised their price targets on the stock which is trading at its highest level since January. And shares of AI chip darling Nvidia gained more than 4.5%.Keith Buchanan, senior portfolio manager at GLOBALT Investments, said that with highflying shares of megacap tech companies powering so much of the S&P, guidance from companies like Nvidia will be key going forward."The success of the largest 10 names in the S&P 500, as they grow larger and have powered the indices, in a historic fashion, they become victims of their own success. And there's an increased microscope on every facet of the earnings trends and revenue of these companies, and very rightfully so. [FLASH] So there will be a laser-focus on the trends from a guidance standpoint, even more so than this past quarter - how these companies feel about earnings and revenue going through the second half of 2024 and particularly into 2025."Other stocks on the move included Paramount Global, which rose almost 7% after Shari Redstone's National Amusements reached a preliminary deal to sell its controlling interest in the media giant to David Ellison's Skydance Media.And shares of First Foundation slumped nearly 24% after the lender, which holds a huge portfolio of multifamily real estate loans, disclosed a $228 million unexpected capital raise.Markets will be closed Thursday for the July 4th holiday.

  • Simply Wall St.

    Can Mixed Financials Have A Negative Impact on Axis Real Estate Investment Trust's 's (KLSE:AXREIT) Current Price Momentum?

    Most readers would already know that Axis Real Estate Investment Trust's (KLSE:AXREIT) stock increased by 1.1% over the...

  • Bloomberg

    Hurricane Beryl Lashes Jamaica With Tree-Snapping Winds

    (Bloomberg) -- Hurricane Beryl’s worst winds and ocean surge are smashing Jamaica’s south coast as the deadly storm stays just offshore on its way toward the Cayman Islands overnight. Most Read from BloombergHouse Democrats Consider Demanding Biden Withdraw From RaceBiden Struggles to Contain Mounting Pressure to Drop Out of RaceChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysUS Allies Say China Is Developing Attack Drones for RussiaZelenskiy Challenges Trump to Reveal Pla

  • Business Wire

    KB Home Announces the Grand Opening of Its Newest Community in Farmlore, a Premier New Master Plan in Brighton, Colorado

    BRIGHTON, Colo., July 03, 2024--KB Home (NYSE: KBH) today announced the grand opening of its newest community, Farmlore Reserve, in a premier new master plan located in Brighton, Colorado. The new homes at Farmlore Reserve are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. The one- and two-story floor plans offer up to seven bedrooms and five-and-a-half baths.