The electric vehicle aftermarket is set for significant growth, with the market projected to reach $272.5 billion by 2030. This expansion is driven by the aging electric vehicle fleet and a rise in battery-centric maintenance and digital service ecosystems. Regulatory changes are improving access for independent repair shops, while technological innovations like AI diagnostics enhance service effi...
The electric vehicle aftermarket is set for significant growth, with the market projected to reach $272.5 billion by 2030. This expansion is driven by the aging electric vehicle fleet and a rise in battery-centric maintenance and digital service ecosystems. Regulatory changes are improving access for independent repair shops, while technological innovations like AI diagnostics enhance service efficiency. New business models are emerging around battery diagnostics, software updates, and...
Schroptschop March International Trade in Goods (Advance) balance came in at -$87.9B , compared with the -$83.5B shortfall in February, according to data released by the Census Bureau on Thursday. Exports of goods for March were $211.5 billion, $5.2 billion more than February exports. Imports of goods for March were $299.3 billion, $9.6 billion more than February imports. More on U.S. Markets Oil ...
Schroptschop March International Trade in Goods (Advance) balance came in at -$87.9B , compared with the -$83.5B shortfall in February, according to data released by the Census Bureau on Thursday. Exports of goods for March were $211.5 billion, $5.2 billion more than February exports. Imports of goods for March were $299.3 billion, $9.6 billion more than February imports. More on U.S. Markets Oil Prices Advance Ahead Of What Will Likely Be Powell's Last FOMC Meeting (As Chair) Chart Of The Day: Expanding Margins Help Fuel S&P Run Iran: The Economic Damage Is Cumulative AM Markets Need to Know: Musk vs. OpenAI, extended Iran port blockade, and more 3 things to look out for on Wednesday
(RTTNews) - New orders for U.S. manufactured durable goods rebounded by more than expected in the month of March, according to a report released by the Commerce Department on Wednesday.
(RTTNews) - New orders for U.S. manufactured durable goods rebounded by more than expected in the month of March, according to a report released by the Commerce Department on Wednesday.
OxyContin maker to be replaced by new company aiming to combat opioid crisis as legal settlement takes effect Purdue Pharma, which makes OxyContin, is set to be dissolved and replaced by a company focused on the public good by the week’s end, as a sweeping legal settlement resolving thousands of lawsuits takes effect. A federal judge on Tuesday delivered a criminal sentence to the company to resol...
OxyContin maker to be replaced by new company aiming to combat opioid crisis as legal settlement takes effect Purdue Pharma, which makes OxyContin, is set to be dissolved and replaced by a company focused on the public good by the week’s end, as a sweeping legal settlement resolving thousands of lawsuits takes effect. A federal judge on Tuesday delivered a criminal sentence to the company to resolve a US Department of Justice investigation – a last necessary step to clear the way for the settlement. Continue reading...
Boarding1Now/iStock Editorial via Getty Images General Dynamics ( GD ) up 6.8% pre-market Wednesday after comfortably beating estimates for Q1 earnings and revenue , driven by continued strength in its marine and aerospace segments. Q1 profit rose to $1.13B, or $4.10/share, from $994M, or $3.66/share, in the year-earlier quarter, while revenue jumped 10% Y/Y to $13.48B, led by a 21% increase in s...
Boarding1Now/iStock Editorial via Getty Images General Dynamics ( GD ) up 6.8% pre-market Wednesday after comfortably beating estimates for Q1 earnings and revenue , driven by continued strength in its marine and aerospace segments. Q1 profit rose to $1.13B, or $4.10/share, from $994M, or $3.66/share, in the year-earlier quarter, while revenue jumped 10% Y/Y to $13.48B, led by a 21% increase in sales in the Marine Systems segment to $4.34B on continued growth in productivity as the business recovers from supply chain disruptions and labor shortages. The segment is expected to further benefit from President Trump's $1.5T defense budget request for FY 2027, which includes ~$65B to procure 18 warships and 16 support ships made by General Dynamics ( GD ) and Huntington Ingalls. In the aerospace segment, which makes Gulfstream business jets, revenue rose 8.4% to $3.28B, as quarterly deliveries rose to 38 aircraft from 36 in the same period last year. Additionally, sales in the combat systems and technologies increased 4.9% to $2.28B and 4.2% to $3.57B, respectively. Total orders totaled $26.6B in Q1, and the total estimated contract value was $188.4B at the end of the quarter, including a backlog of $130.8B and estimated potential contract value of $57.6B. Q1 free cash flow totaled $1.95B, compared to negative $290M in the year-ago quarter. More on General Dynamics General Dynamics: Poised To Benefit From High Volume Of Government Contracts General Dynamics: Inexpensive Defense Leader General Dynamics Looks Undervalued As Submarines And Business Jets Ramp
Willow Lane Acquisition ( WLAC ) on Wednesday said that none of its shareholders opted to redeem their shares ahead of its proposed business combination with Boost Run Holdings, leaving about $133.8 million in its trust account available for the deal. The special purpose acquisition company said the full amount, as of March 12, 2026, is expected to be delivered to the combined company at closing, ...
Willow Lane Acquisition ( WLAC ) on Wednesday said that none of its shareholders opted to redeem their shares ahead of its proposed business combination with Boost Run Holdings, leaving about $133.8 million in its trust account available for the deal. The special purpose acquisition company said the full amount, as of March 12, 2026, is expected to be delivered to the combined company at closing, reflecting what it described as strong shareholder support. An extraordinary general meeting is scheduled for April 30, 2026, where shareholders will vote on proposals related to the transaction. The deal is expected to close shortly after the meeting, subject to shareholder and regulatory approvals and other customary conditions. Source: Press Release More on Willow Lane Acquisition Corp. Financial information for Willow Lane Acquisition Corp.
Bill Ackman ’s Pershing Square is finally going public after years of social media-hyping about building an empire modeled on Warren Buffett ’s, and even after raising $5 billion for his vision, the hedge-fund billionaire faces another test. As the New York Stock Exchange readies the opening trades following the combined initial public offering of his closed-end fund and his asset manager, the 59-...
Bill Ackman ’s Pershing Square is finally going public after years of social media-hyping about building an empire modeled on Warren Buffett ’s, and even after raising $5 billion for his vision, the hedge-fund billionaire faces another test. As the New York Stock Exchange readies the opening trades following the combined initial public offering of his closed-end fund and his asset manager, the 59-year-old’s latest venture isn’t out of the woods. The funds raised for Pershing Square USA Ltd. came at the low end of a fundraising target of as much as $10 billion, and the majority of the cash was already spoken for before the process began. The $5 billion haul was the bare minimum to keep the early investors who signed up to buy $2.8 billion locked into the deal, and fell well short of the lofty $25 billion that Pershing Square sought to bring in about two years ago. Sweeteners including free shares of asset manager Pershing Square Inc. and no performance fee for Pershing USA increased interest from investors but didn’t do enough to stoke pandemonium. “The gift of shares in the management company needed to overcome the divide that is the potential discount that this fund may trade at,” said Kim Flynn , president at Chicago-based XA Investments. “But that creates the question as to what will drive demand in the secondary market and make people buy this in six or 12 months?” Read More: Ackman’s Fund IPO Raises $5 Billion for Permanent Capital Plan Pershing Square changed tack in the wake of its first closed-end fund flop, pivoting last year to boost its Howard Hughes Holdings Inc. stake to use as a vehicle for taking majority ownership of other firms. It now raised the largest closed-end fund listing in the US, data compiled by Bloomberg show. Now, after initially setting out for a closed-end fund IPO as an appetizer to taking Pershing Square proper public, they’ll both debut today after the combination deal. “It’s a bit of an experiment,” Flynn said. The deal is certainl...
March U.S. Housing Starts: +10.8% M/M to 1.502M seasonal annual rate, vs. 1.356M prior, according to data released by the U.S. Census Bureau on Wednesday. Building permits: -10.8% M/M to 1.372M annual rate vs. 1.538M in February. Developing… Check back for updates. More on Housing Chicago rents surge as housing shortage deepens, construction stalls
March U.S. Housing Starts: +10.8% M/M to 1.502M seasonal annual rate, vs. 1.356M prior, according to data released by the U.S. Census Bureau on Wednesday. Building permits: -10.8% M/M to 1.372M annual rate vs. 1.538M in February. Developing… Check back for updates. More on Housing Chicago rents surge as housing shortage deepens, construction stalls
Bellarmine Chatunga Mugabe fined and deported after pleading guilty to immigration and firearms-related offences unrelated to recent shooting Three months after an employee was shot in the back at the Mugabe family home in a wealthy suburb of Johannesburg, Robert Mugabe’s youngest son has been fined and ordered to leave South Africa after pleading guilty to two unrelated charges. Bellarmine Chatun...
Bellarmine Chatunga Mugabe fined and deported after pleading guilty to immigration and firearms-related offences unrelated to recent shooting Three months after an employee was shot in the back at the Mugabe family home in a wealthy suburb of Johannesburg, Robert Mugabe’s youngest son has been fined and ordered to leave South Africa after pleading guilty to two unrelated charges. Bellarmine Chatunga Mugabe, 28, and his cousin Tobias Mugabe Matonhodze, 33, were initially both charged with attempted murder after the incident on 19 February. Continue reading...
A Hong Kong government-funded online portal that provides resources for teachers and school students has failed to meet its user number target, with thousands of items never being downloaded, viewed or used, according to an audit report. The Audit Commission report, which was released on Wednesday, also cited remarks from the executive director of Hong Kong Education City (EdCity) that the platfor...
A Hong Kong government-funded online portal that provides resources for teachers and school students has failed to meet its user number target, with thousands of items never being downloaded, viewed or used, according to an audit report. The Audit Commission report, which was released on Wednesday, also cited remarks from the executive director of Hong Kong Education City (EdCity) that the platform’s low usage was due to the city’s shrinking student population. The report found that the portal’s...
美国石油及天然气开采设备研发商Forum Energy Technologies（FET）推出了其水下处理设备系列的最新解决方案——Model 6000（M6000）布放与回收系统（LARS）。 作为FET旗下Dynacon产品线的一部分，M6000为检测和轻型工作级ROV作业提供了一套紧凑的一体化解决方案。它集A型架、绞车和液压动力单元于一个撬装组件中，实现单点吊装，无需额外的电缆或软管连接，简...
美国石油及天然气开采设备研发商Forum Energy Technologies（FET）推出了其水下处理设备系列的最新解决方案——Model 6000（M6000）布放与回收系统（LARS）。 作为FET旗下Dynacon产品线的一部分，M6000为检测和轻型工作级ROV作业提供了一套紧凑的一体化解决方案。它集A型架、绞车和液压动力单元于一个撬装组件中，实现单点吊装，无需额外的电缆或软管连接，简化了动员和复员过程，减少了船舶界面时间和占用空间。 首套M6000系统已配备Perry Super Mohawk ROV，并于今年交付给一家美国客户，现已投入运营。该系统在FET位于德克萨斯州布莱恩的美国制造工厂制造并完成测试，客户可在制造过程中进行对接和见证。 该系统专为与检测及小型工作级ROV（如FET的Comanche和Super Mohawk）配合部署而开发，在检验、维护和修理、电缆铺设以及管道或结构检测等方面提供卓越性能。其应用领域广泛，涵盖风电场、大坝调查、预调查及轻型施工任务。 主要特点包括具备摆动和摇晃功能的万向节对接头、紧凑的占地面积以及预接线、即插即用的电气集成。这些特性通过减少设置时间并提高现场可靠性，增强了安全性和效率。 M6000的设计已获得DNV认证，并采用了最新的液压和控制技术。其安全工作载荷高达5200公斤，脐带缆容量为3300米，在缩小占地面积的同时提供了强大的操作性能。该型号于2025年投入生产，此前已于今年早些时候与客户成功完成现场部署。 责任编辑：张俊 SF065
kadmy Following three straight months of decreases, new orders for manufactured durable goods bounced up 0.8% M/M to $ 318.9B in March, the U.S. Census Bureau said Wednesday. The topline beat the +0.5% consensus. The February print was revised to -1.2% from the initial estimate of -1.4%. Defense capital goods orders jumped 18% M/M to $19.5B after rising 2.3% in the previous month. New orders, excl...
kadmy Following three straight months of decreases, new orders for manufactured durable goods bounced up 0.8% M/M to $ 318.9B in March, the U.S. Census Bureau said Wednesday. The topline beat the +0.5% consensus. The February print was revised to -1.2% from the initial estimate of -1.4%. Defense capital goods orders jumped 18% M/M to $19.5B after rising 2.3% in the previous month. New orders, excluding defense, declined 0.3% M/M following a 1.2% dip in February. New orders, excluding transportation, climbed 0.9% M/M to $212.2B vs. +0.4% consensus and +1.2% prior (revised from +0.8%). Durable goods shipments increased 0.7% in March to $322.2B, after rising 1.6% M/M in February, the U.S. Census Bureau said. More on the US Economy The New Economic Law: Lower Interest Rates When Inflation Rises Consumer confidence ticks up further in April, Conference Board says Home price growth cools more than expected in March: S&P Cotality Case-Shiller Home Price Index