Angi reported a 10% decline in fourth-quarter revenue to $240.8 million, missing analyst expectations and sending shares tumbling 16% in after-hours trading. Despite the slump and a recent workforce reduction of 350 employees, CEO Jeff Kip remains optimistic that the home-services platform will return to revenue growth by 2026 as it pivots its business model.
U.S. commercial crude oil inventories jumped by 8.5 million barrels last week, defying analyst expectations as domestic production recovered from recent winter storm disruptions. Data released Wednesday by the U.S. Energy Information Administration (EIA) shows a sharp reversal from predicted draws, driven by a surge in output and rising imports.
Koppers Holdings Inc. has announced a roughly 13% increase to its quarterly dividend, raising the payout to 9 cents per share as the company signals confidence in its long-term financial trajectory. The supplier of treated wood products and carbon compounds will distribute the new dividend on March 23 to shareholders of record as of March 6.
Terex Corp. shares surged 15% to a new annual high after the industrial manufacturer reported a swing to fourth-quarter profitability and revenue that outpaced market expectations.
Stellantis’s FCA US division has issued an urgent “do not drive” warning for approximately 225,000 Chrysler, Dodge, Jeep, and Ram vehicles equipped with defective Takata airbag inflators. The National Highway Traffic Safety Administration (NHTSA) announced the advisory on Wednesday, emphasizing that owners should ground their vehicles immediately until free repairs are completed.
Marula Mining has entered a joint venture to acquire an initial 50% interest in the Derdepoort manganese mine in South Africa, a deal valued at approximately £1 million ($1.4 million). The Kenya-based miner, operating through its subsidiary Muchai Mining, secured the stake from Infinity Resource Group to consolidate its footprint in the region’s mineral-rich Northern Cape.
Centrus Energy shares tumbled 20% on Wednesday after the nuclear fuel supplier reported fourth-quarter earnings and revenue that failed to meet Wall Street expectations. The company, which specializes in low enriched uranium (LEU), also issued a 2024 revenue forecast that trailed analyst estimates, overshadowing a new strategic partnership aimed at expanding its domestic enrichment capacity.
Phillips 66 announced a 5.8% increase to its quarterly dividend on Wednesday, raising the payout to $1.27 per share from the previous $1.20. The move, which brings the annualized distribution to $5.08, signals management's confidence in the company's ability to maintain strong capital returns despite broader market volatility.
Toronto’s main stock index retreated on Wednesday as a sharp decline in Shopify shares overshadowed a robust report on Canadian construction activity. By midday, the S&P/TSX Composite Index fell 0.4% to 33127.18, reversing earlier gains as investors weighed cautious tech guidance against broader economic signals.
Petroleum futures rallied Wednesday as escalating tensions between the U.S. and Iran eclipsed a significant rise in domestic crude inventories. Despite an 8.5 million-barrel surge in stockpiles reported by the Energy Information Administration, markets focused on geopolitical risks and a sharp decline in distillate supplies following a recent cold snap.
Diodes Inc. shares reached a near 52-week high on Wednesday after the semiconductor manufacturer reported fourth-quarter earnings that surpassed Wall Street expectations, fueled by surging demand for artificial intelligence infrastructure and automotive components.
BorgWarner shares soared to a record high Wednesday after the automotive supplier announced a strategic entry into the booming data center market through a major supply agreement for modular turbine-generator systems.
Criteo SA shares tumbled to a one-year low on Wednesday after the ad-tech firm posted fourth-quarter results that trailed analyst estimates and warned of a near-term revenue hit from key retail media clients.
Tractor Supply's board of directors has approved a 4.3% increase in its quarterly cash dividend, raising the payout to 24 cents per share from the previous 23 cents. The Brentwood, Tennessee-based retailer announced the move on Wednesday, signaling a commitment to returning value to shareholders amid steady performance in the rural lifestyle market.
Unity Software shares tumbled 23% in premarket trading Wednesday, despite reporting fourth-quarter earnings and revenue that exceeded Wall Street estimates. The selloff followed rising investor anxiety that emerging generative artificial intelligence models, such as Google’s Project Genie, could eventually displace traditional game development engines.
Chevron is set to establish a significant footprint in Libya after emerging as a winning bidder in the nation’s 2025 licensing round. The U.S. energy giant secured rights to Contract Area 106 in the prolific Sirte Basin, marking a strategic expansion into North Africa as the country seeks to revitalize its oil sector through foreign investment.
Siemens is set to report its first-quarter results this Thursday, with analysts forecasting a significant decline in net profit despite a modest rise in revenue. While the German industrial giant continues to benefit from robust demand in data centers and power grids, investors are closely monitoring the pace of recovery in the Chinese market and the resilience of its software division against artificial intelligence disruptions.
GlobalFoundries shares climbed 6% in premarket trading Wednesday after the contract chipmaker reported a return to profitability in the fourth quarter. The company posted revenue of $1.83 billion, edging past Wall Street expectations as demand for specialized semiconductors in the automotive sector stabilized.
Insight Molecular Diagnostics shares tumbled 23% on Thursday after the company priced a $26 million registered direct offering. The capital raise, priced at $5.75 per share, is designed to fund the expansion of the firm’s transplant rejection testing technology into new clinical categories.
Alimentation Couche-Tard is shifting its focus toward organic growth and disciplined investment under a new five-year strategic plan, following its failed $47 billion attempt to acquire 7-Eleven parent Seven & i. The Canadian retail giant unveiled its "Core + More" initiative on Wednesday, setting aggressive financial targets through 2030 to leverage its global network of more than 17,000 locations.
GlobalFoundries shares climbed Wednesday after the contract chipmaker swung to a fourth-quarter profit and reported revenue that exceeded Wall Street targets. While the company issued a conservative earnings outlook for the upcoming quarter, its core performance in automotive and specialized semiconductors provided a strong finish to the fiscal year.
The New York State Common Retirement Fund reported a 2.44% investment return for its fiscal third quarter ended Dec. 31, as steady market gains pushed the fund’s total value toward the $300 billion milestone.
Humanoid robotics firm Apptronik has raised $520 million in a funding round backed by Google and Mercedes-Benz, signaling a significant shift toward the commercialization of general-purpose robots. The investment brings the company’s total Series A funding to more than $935 million as it prepares to move from prototype to industrial-scale deployment.
Parsons Corp. shares tumbled 10% after the technology and engineering firm reported fourth-quarter earnings and revenue that failed to meet analyst expectations. The miss was largely driven by a sharp contraction in the company's federal solutions business, alongside a slight decline in its total project backlog.
Hinge Health shares climbed 10% in premarket trading Wednesday after the digital physical therapy provider reported a 46% revenue surge for the fourth quarter. The company paired its robust earnings with an optimistic long-term outlook, signaling sustained demand for its virtual musculoskeletal care platform through 2026.
TerraVest Industries reported a significant rise in quarterly earnings and a 74% leap in revenue, driven by a series of strategic acquisitions and robust demand for infrastructure equipment. The Canadian manufacturer posted a net income of C$35.2 million for the quarter, up from C$30.4 million a year earlier, as it integrates new assets into its energy and transport portfolio.
Penske Automotive Group announced a 1.4% increase to its quarterly cash dividend on Wednesday, marking the 21st consecutive period of payout growth for the Michigan-based transportation services firm.
Penske Automotive Group reported a sharp decline in fourth-quarter profit on Wednesday, missing analyst earnings estimates as a cooling freight market and the expiration of electric vehicle incentives weighed on its core business segments.
Mexico’s industrial production climbed for a third consecutive month in December, driven by gains in construction and energy that outweighed a slight contraction in manufacturing. According to data from the national statistics institute, Inegi, seasonally adjusted output rose 0.2% from the previous month, signaling a modest recovery in industrial activity toward the end of the year.
Martin Marietta Materials reported a decline in fourth-quarter earnings and issued a 2026 revenue forecast that fell short of Wall Street expectations. The North Carolina-based building materials producer is grappling with a cooling construction market, marked by a slowdown in residential and commercial projects.
