The communications services sector climbed on Monday as investors regained their appetite for riskier assets, fueled by a sharp recovery in AppLovin shares after a financial publisher retracted explosive allegations linking the firm to international crime.
Trans Mountain Pipeline ULC has applied for regulatory approval to increase the capacity of its 890,000 barrel-per-day system by 10% through the use of chemical additives. The C$9 million proposal, filed with the Canada Energy Regulator last week, aims to optimize the 715-mile artery from Alberta to the Pacific Coast, further easing the transport bottlenecks that have historically plagued Canadian crude producers.
Amkor Technology reported a sharp increase in fourth-quarter profit and revenue on Monday, outperforming Wall Street expectations as demand for semiconductor services remains robust. The company posted a net income of $171.8 million, or 69 cents per share, significantly higher than the $105.6 million recorded during the same period last year.
Parsons Corp. has secured a $91 million contract extension from the U.S. State Department to continue safeguarding diplomatic missions worldwide. The award marks the seventh option year of a decade-long, $1.12 billion agreement focused on protecting personnel and infrastructure at hundreds of international sites.
Forrester Research is slashing approximately 8% of its workforce and shuttering several smaller offices as part of a broad restructuring effort. The research and advisory firm disclosed the plan in a Monday filing with the Securities and Exchange Commission, marking its second significant round of layoffs in less than two years.
The U.S. Food and Drug Administration has declined to approve Regenxbio’s gene therapy for Hunter syndrome, a rare and fatal neurodegenerative disease, citing concerns over trial data and patient selection.
Baltimore-based asset manager T. Rowe Price Group Inc. announced a 2.4% increase to its quarterly dividend on Monday, raising the payout to $1.30 per share. The move extends the firm’s four-decade streak of annual dividend hikes, signaling continued financial resilience in a competitive investment landscape.
Quince Therapeutics has appointed LifeSci Capital as its financial adviser to explore a range of strategic alternatives, including a potential sale, merger, or corporate restructuring. The biotechnology company announced the move on Monday, signaling a formal pivot toward evaluating external transactions to maximize shareholder value.
Apartment Investment and Management Co. (Aimco) will return $1.45 per share to investors following shareholder approval of a sweeping divestment strategy that includes the liquidation of several high-profile real estate holdings.
Warby Parker has appointed Adrian Mitchell as its new chief financial officer, tapping a retail veteran to steer its financial strategy as the eyewear disruptor continues its expansion. Mitchell, who most recently served as the finance chief and operations head at Macy’s, officially assumes the role this Tuesday.
Fox Factory Holding Corp. has reached a cooperation agreement with activist investor Engine Capital LP, triggering a strategic board reshuffle and the creation of a new committee focused on operational efficiency. The specialty sports products manufacturer will appoint two new independent directors as part of the deal, aiming to address profitability concerns following private discussions with the hedge fund.
Phillips 66’s Bayway Refinery in Linden, New Jersey, experienced an operational disruption on Sunday after extreme cold temperatures triggered an equipment malfunction at the 272,135 barrel-per-day facility.
Jack in the Box Inc. shares plummeted on Monday after proxy advisory firm Egan-Jones urged investors to withhold support for several board nominees, citing "severe and sustained" value destruction. The recommendation intensifies pressure on the fast-food chain as it battles operational headwinds and an escalating activist campaign led by Sardar Biglari.
Modveon, a Palo Alto-based startup developing identity-first operating systems for public sector infrastructure, has raised $10 million in a funding round featuring Coinbase and several venture capital firms. The capital injection aims to modernize digital interactions between governments and citizens through verified, closed-loop systems.
Edgewell Personal Care shares fell 6% on Monday after the consumer goods manufacturer reported a significantly wider first-quarter loss and slashed its full-year earnings outlook. Despite a slight beat on adjusted earnings, the company struggled with missed revenue targets and a strategic pivot regarding its feminine care business.
Ford Motor is expected to report a significant year-over-year decline in fourth-quarter earnings and revenue on Tuesday, as the Dearborn-based automaker grapples with a cooling electric vehicle market and supply chain disruptions.
Teledyne Technologies has secured multiple contracts to supply infrared focal plane modules for the Space Development Agency, supporting the Pentagon’s efforts to modernize its orbital defense infrastructure. The sensors will be integrated into satellites operating in low Earth orbit as part of a tiered network designed to enhance global missile tracking and defense capabilities.
Advanced Micro Devices (AMD) has appointed Ariel Kelman as its new Chief Marketing Officer and Senior Vice President, effective immediately. Reporting to Chief Administrative Officer Ruth Cotter, Kelman joins the semiconductor giant to lead its global marketing strategy as the company intensifies its focus on high-performance computing and artificial intelligence.
Cuba has suspended jet fuel availability at all nine of its international airports for one month starting February 11, forcing global airlines to carry extra reserves or reroute flights through third countries. The restriction, announced by Havana’s José Martí International Airport, is scheduled to remain in effect until midnight on March 10, signaling a deepening energy crisis for the island nation.
Shares of Richmond-based tobacco supplier Universal tumbled on Monday after the company reported a significant decline in third-quarter profit and revenue, coupled with the announcement of a leadership change in its finance department.
U.S. wheat export inspections climbed significantly during the week ended Feb. 5, surpassing both prior-week and year-over-year levels as robust demand from Southeast Asia bolstered shipping volumes.
Toy giants Mattel and Hasbro are set to release fourth-quarter results this Tuesday, offering a definitive look at how consumer spending weathered a volatile holiday season. Following a sluggish third quarter marked by retail delays and macroeconomic headwinds, the reports will reveal whether price hikes and seasonal demand were enough to drive significant year-over-year growth.
Heineken is set to report nearly flat annual growth on Wednesday as the Dutch brewer navigates a cooling European market and the unexpected departure of its chief executive. With revenue projected at 28.74 billion euros, the results will likely underscore the headwinds facing the global beer industry and the uncertainty surrounding the company’s future leadership.
Toronto’s benchmark index climbed on Monday as a rebound in commodity and tech sectors outweighed a tragic development for Vizsla Silver, which saw its shares plunge following reports that 10 workers abducted in Mexico were found dead.
Imperial Petroleum shares jumped Monday after the shipping operator authorized a new $10 million share-repurchase program, marking the company’s second major capital return initiative in two years.
Gasoline and crude oil futures climbed during midday trading on Monday, bolstered by shifting supply dynamics in West Africa and broader market momentum, even as distillate contracts struggled against high inventory levels. While RBOB and WTI saw gains of over $1, ultra-low sulfur diesel remained in the red, pressured by a slump in natural gas prices.
Waters Corp shares tumbled 11% on Monday after the laboratory technology firm issued first-quarter earnings guidance that trailed Wall Street estimates, overshadowing the finalization of its acquisition of a major Becton Dickinson business unit.
Coca-Cola is projected to report higher fourth-quarter revenue and earnings on Tuesday as the beverage giant navigates a leadership transition and shifting consumer spending habits. Analysts expect the company to leverage pricing power and organic growth to offset inflationary pressures ahead of the market open.
Air Canada is suspending all scheduled service to Cuba starting Monday as a worsening aviation fuel crisis threatens to strand travelers. The flag carrier will operate a series of rescue flights to repatriate approximately 3,000 passengers currently on the island before commercial fuel supplies are expected to vanish entirely by Tuesday.
Global agricultural markets are entering a pivotal week as traders await U.S. labor and inflation data to gauge the Federal Reserve's next move on interest rates. The focus remains locked on Washington’s trade strategy after the USDA confirmed a fresh soybean sale to China, following President Trump’s demand for a massive increase in Beijing's purchasing volume.
