Convenience store operator 7-Eleven on Thursday disclosed a $349 million profit from the surge in gasoline prices during the last quarter, even as fewer Americans filled their tanks.
Convenience store operator 7-Eleven on Thursday disclosed a $349 million profit from the surge in gasoline prices during the last quarter, even as fewer Americans filled their tanks.
Lakeside Holding ( LSH ) filed a Form S-3 shelf registration statement with the SEC to offer up to $120M of common stock, preferred stock, debt securities, warrants, rights, and units from time to time. The company had 34.43M common shares outstanding as of the prospectus date. The company said the timing, size and pricing of any securities issuance will depend on market conditions and its capital...
Lakeside Holding ( LSH ) filed a Form S-3 shelf registration statement with the SEC to offer up to $120M of common stock, preferred stock, debt securities, warrants, rights, and units from time to time. The company had 34.43M common shares outstanding as of the prospectus date. The company said the timing, size and pricing of any securities issuance will depend on market conditions and its capital requirements. The stock price traded about 2.3% higher on Thursday during pre-market hours. More on Lakeside Holding Financial information for Lakeside Holding
Capita Plc tumbled after it said profit and cash flow will be hit by its failure to deliver on a contract to manage Britain’s civil service pension plan. Shares of the London-based outsourcing company fell as much as 20%, touching their lowest intraday level in more than a year after it warned of an expected up to £40 million ($54 million) impact on operating profit and a potential £50 million fre...
Capita Plc tumbled after it said profit and cash flow will be hit by its failure to deliver on a contract to manage Britain’s civil service pension plan. Shares of the London-based outsourcing company fell as much as 20%, touching their lowest intraday level in more than a year after it warned of an expected up to £40 million ($54 million) impact on operating profit and a potential £50 million free cash flow deficit. Capita’s service has “not been good enough, particularly for members waiting on bereavement, retirement, and quotation cases,” the company said in a statement Thursday. “We continue to work at pace to resolve the operational issues in collaboration with the Cabinet Office.” Capita was awarded the £239 million, 10-year contract to manage the Civil Service Pension Scheme in November 2023. On July 6, Cabinet Minister Nick Thomas-Symonds issued a statement saying the the firm was “completely unprepared and its system was overwhelmed, which resulted in a backlog that skyrocketed to a staggering 120,000 unresolved cases.” Restoring service to contracted levels will add to costs this year, Capita Chief Executive Officer Adolfo Hernandez said in the statement. “We now expect the Group to be free cash flow positive for the full year 2027.”
Oil swung as traders assessed the outlook for Middle Eastern crude supplies after US forces conducted a second day of strikes against Iran. Vessel-tracking data on Thursday showed a drop-off in transits through the Strait of Hormuz. Bloomberg's Stephen Stapczynski reports. (Source: Bloomberg)
Oil swung as traders assessed the outlook for Middle Eastern crude supplies after US forces conducted a second day of strikes against Iran. Vessel-tracking data on Thursday showed a drop-off in transits through the Strait of Hormuz. Bloomberg's Stephen Stapczynski reports. (Source: Bloomberg)
Dozens of outbound flights from Hong Kong to Taiwan, mainland China and Japan originally scheduled for later this week have been cancelled due to Super Typhoon Bavi, with some local carriers offering special arrangements for affected passengers. A South China Morning Post check found that more than 40 flights – operated by Cathay Pacific Airways, HK Express, Hong Kong Airlines and Greater Bay Airl...
Dozens of outbound flights from Hong Kong to Taiwan, mainland China and Japan originally scheduled for later this week have been cancelled due to Super Typhoon Bavi, with some local carriers offering special arrangements for affected passengers. A South China Morning Post check found that more than 40 flights – operated by Cathay Pacific Airways, HK Express, Hong Kong Airlines and Greater Bay Airlines – had been cancelled and 10 delayed to Sunday. The affected routes span destinations ranging...
Ninety-nine players at the tournament were born in France. Six of them could line up for Morocco in the quarter-final By Get French Football News When Ayyoub Bouaddi steps on to the pitch in Boston for the World Cup quarter-final on Thursday, he will do so in a Morocco shirt. Just 101 days prior, he was wearing a France kit as he captained the under-21 side to a 2-1 win over Iceland in a European ...
Ninety-nine players at the tournament were born in France. Six of them could line up for Morocco in the quarter-final By Get French Football News When Ayyoub Bouaddi steps on to the pitch in Boston for the World Cup quarter-final on Thursday, he will do so in a Morocco shirt. Just 101 days prior, he was wearing a France kit as he captained the under-21 side to a 2-1 win over Iceland in a European Championship qualifier. Bouaddi had been coveted by Morocco and, speaking before that game, he said he needed some time to consider his international future. “I don’t want to rush things,” added the Lille midfielder. Six weeks later, he was named in the Morocco squad for the World Cup. “A big loss,” is how Hubert Fournier, the technical director of the French national team, described it. “A lost treasure,” said L’Équipe. Continue reading...
Tesla investors will need to be patient with the robotaxi rollout, but better-than-expected deliveries are bolstering the investment case for the stock.
Tesla investors will need to be patient with the robotaxi rollout, but better-than-expected deliveries are bolstering the investment case for the stock.
primeimages Stock futures edged up Thursday morning as markets showed resilience despite a spike in energy prices following President Donald Trump's declaration that the brief ceasefire with Iran is “over.” Here are some of Thursday's biggest stock movers: Biggest stock gainers Ampco-Pittsburgh ( AP ) +14% - Shares jumped after the company reported H1 2026 customer orders rose 32% Y/Y to $268M, dr...
primeimages Stock futures edged up Thursday morning as markets showed resilience despite a spike in energy prices following President Donald Trump's declaration that the brief ceasefire with Iran is “over.” Here are some of Thursday's biggest stock movers: Biggest stock gainers Ampco-Pittsburgh ( AP ) +14% - Shares jumped after the company reported H1 2026 customer orders rose 32% Y/Y to $268M, driven by strength across both operating segments. Orders in Forged & Cast Engineered Products increased 25% to $153M, supported by improving North American roll demand and solid specialty forged products, while Air & Liquid Processing orders surged 42% to $116M on strong demand for commercial pumps, U.S. Navy programs, and air handling systems. The company also said Buffalo Air Handling secured the largest air handling equipment order in its history. Biggest stock losers AstraZeneca ( AZN ) -9% - Shares tumbled after the company's Phase 3 CARDIO-TTRansform trial evaluating Wainua (eplontersen), developed with Ionis Pharmaceuticals ( IONS ), failed to meet its primary endpoint in patients with transthyretin-mediated amyloid cardiomyopathy (ATTR-CM). The study did not demonstrate a significant improvement in the composite of cardiovascular mortality and recurrent cardiovascular events versus placebo through 140 weeks. AstraZeneca and Ionis said they will further analyze the data, with full results expected to be presented at the European Society of Cardiology Congress in August. Following this news, shares of Ionis Pharmaceuticals ( IONS ) declined by 8%. Levi Strauss ( LEVI ) -6% - Shares fell despite the apparel maker reporting better-than-expected Q2 revenue and earnings, as investors focused on a cautious full-year outlook that continues to reflect tariff headwinds. Revenue rose 7.6% Y/Y to $1.56B, driven by an 11% increase in direct-to-consumer sales, while adjusted EPS of $0.28 beat estimates and gross margin expanded to 62.7%. Although Levi raised its FY2026 guidance, i...
Tom Werner The recent rally in biotechnology stocks is being driven by improving fundamentals and a resurgence in merger activity rather than speculative excess, according to Jonathan Faison, founder of ROTY Biotech Community. M&A fuels sector optimism Faison, speaking on Seeking Alpha's Investing Experts Podcast , said the current market differs markedly from the biotech boom of 2021, when many e...
Tom Werner The recent rally in biotechnology stocks is being driven by improving fundamentals and a resurgence in merger activity rather than speculative excess, according to Jonathan Faison, founder of ROTY Biotech Community. M&A fuels sector optimism Faison, speaking on Seeking Alpha's Investing Experts Podcast , said the current market differs markedly from the biotech boom of 2021, when many early-stage companies came to market with highly speculative drug candidates. This time, he said, optimism is being driven by fundamentals, robust merger-and-acquisition activity, and stronger performance from recent biotech IPOs. He pointed to three biotechnology acquisitions valued at more than $10B over the past month involving Nuvalent ( NUVL ), Apogee ( APGE ), and Crinetics ( CRNX ), saying the deals underscored continued demand for high-quality assets. He added that stronger performance from several recent biotech IPOs has also reinforced investor confidence by rewarding shareholders rather than leaving them with steep losses. Focus on commercial-stage companies Faison said his investment approach favored companies with approved products or late-stage drug candidates rather than early-stage "science projects." He looks for businesses with clear commercialization paths, durable intellectual property, and strategic value that could appeal to larger pharmaceutical companies. While buyouts remained a potential upside catalyst, Faison said they are not the primary reason for investing. Instead, he preferred companies capable of generating sustained revenue growth independently, arguing that acquisitions should be viewed as an added benefit rather than the core investment thesis. ETFs offer diversified exposure For investors seeking broader exposure to biotechnology, Faison pointed to the SPDR S&P Biotech ETF ( XBI ) and the Virtus LifeSci Biotech Clinical Trials ETF ( BBC ). He said combining an ETF allocation with a small portfolio of individual biotech stocks can provide...
Germany agreed with the US to purchase long-range, subsonic Tomahawk cruise missile to close a dangerous gap with Russia — although numbers and delivery timelines are unclear, and Europe is developing such missiles itself. The US and Germany had planned to station US-owned BGM-109 Tomahawk cruise missiles in Germany temporarily to deter Russia from using its Iskander missiles in Kaliningrad agains...
Germany agreed with the US to purchase long-range, subsonic Tomahawk cruise missile to close a dangerous gap with Russia — although numbers and delivery timelines are unclear, and Europe is developing such missiles itself. The US and Germany had planned to station US-owned BGM-109 Tomahawk cruise missiles in Germany temporarily to deter Russia from using its Iskander missiles in Kaliningrad against Berlin and other capitals in Europe. But US President Donald Trump shelved the Biden-era plan this year after a spat with German Chancellor Friedrich Merz about the US strategy in the Iran war. The German leader said the idea was revived this week. “On the sidelines of the NATO meeting in Ankara, we agreed with the US government that we would acquire American Tomahawk missiles and station them in Germany,” Merz told lawmakers in Berlin on Thursday. “In doing so, we are closing a significant strategic gap in our defense, while simultaneously working to develop and deploy our own European systems within Europe,” he said. The price and delivery timeline of the cruise missiles remained unclear. The unit cost of a Tomahawk is about $1.7 million. It is unlikely the US has many to spare . It fired hundreds in the conflict with Iran, and US defense company Raytheon, a division of RTX Corp. made fewer than 100 in 2025, although the US is pushing to speed up production of many critical munitions. Nearly all the Tomahawks in the US inventory are meant to be launched from ships. Some have been converted to fit in the land-based Typhon battery , which also fires Raytheon SM-6 multipurpose missiles. Tomahawks can fly about 1,500 kilometers (1,000 miles), giving them far more range than Germany’s Taurus cruise missiles, or the French and British Storm Shadow/SCALP missiles. NATO countries this week pledged $50 billion to develop European long-range strike weapons outside the US supply chain.