The United States must ensure the next chapter of responsible innovation is written in America, not in China, lawmakers and witnesses told a congressional hearing on Thursday as they sounded the alarm over US-China competition for global supremacy in artificial intelligence (AI). “Cyber security and national security must be taken seriously. The United States cannot afford to let China or any othe...
The United States must ensure the next chapter of responsible innovation is written in America, not in China, lawmakers and witnesses told a congressional hearing on Thursday as they sounded the alarm over US-China competition for global supremacy in artificial intelligence (AI). “Cyber security and national security must be taken seriously. The United States cannot afford to let China or any other adversary gain a technological edge in artificial intelligence,” said Tim Scott, chairman of the...
A Toronto police officer was shot and killed Thursday by a suspect in the investigation into a shooting attack that damaged the facade of the US consulate in the Canadian city in March, police said. One 19-year-old suspect was in custody at a hospital in critical condition while officers searched for a second suspect, who was identified as 19-year-old Zara Jabbi and was considered armed and danger...
A Toronto police officer was shot and killed Thursday by a suspect in the investigation into a shooting attack that damaged the facade of the US consulate in the Canadian city in March, police said. One 19-year-old suspect was in custody at a hospital in critical condition while officers searched for a second suspect, who was identified as 19-year-old Zara Jabbi and was considered armed and dangerous, Toronto Police Chief Myron Demkiw said at a news conference. “I urge you to turn yourself in,”...
The Chicago Mercantile Group announced plans to offer 24-hour, seven-days-a-week trading in new, smaller crude oil futures and its existing gold contract, the exchange said Thursday. The new oil-linked contract, set to be one-tenth the size of the existing Micro WTI futures contract, will debut Aug. 30, according to the release. 24/7 trading in 1-ounce gold futures will begin July 26. The oil and ...
The Chicago Mercantile Group announced plans to offer 24-hour, seven-days-a-week trading in new, smaller crude oil futures and its existing gold contract, the exchange said Thursday. The new oil-linked contract, set to be one-tenth the size of the existing Micro WTI futures contract, will debut Aug. 30, according to the release. 24/7 trading in 1-ounce gold futures will begin July 26. The oil and gold contracts, which are still pending regulatory review, will be cash-settled and listed on NYMEX and COMEX, respectively. The move comes amid the growing popularity of 24/7 trading in venues such as Hyperliquid, where volumes in oil-linked products have surged as the Iran war whipsaws energy markets. Bloomberg reported earlier that Intercontinental Exchange Inc. and the CME were pressing US regulators to rein in the offshore venue. Binance, another platform that operates outside the US, also recently began to offer around-the-clock commodity trading. Read More: CME, ICE Push US to Curb Crypto’s Oil Trading Upstart
Belden ( BDC ) on Thursday said it priced a new $1.85 billion senior secured term loan B due 2033. The company said the loans will be issued at 99.75% of face value and will bear interest at SOFR plus 2.25%. Belden said the facility is expected to close concurrently with, and is subject to, the completion of its previously announced acquisition of RUCKUS Networks and customary closing conditions. ...
Belden ( BDC ) on Thursday said it priced a new $1.85 billion senior secured term loan B due 2033. The company said the loans will be issued at 99.75% of face value and will bear interest at SOFR plus 2.25%. Belden said the facility is expected to close concurrently with, and is subject to, the completion of its previously announced acquisition of RUCKUS Networks and customary closing conditions. The company plans to use the proceeds from the term loan, together with cash on hand, to fund the acquisition and related fees and expenses. Source: Press Release More on Belden Belden: Investors Have Some Questions On The Ruckus Deal Belden forecasts Q2 revenue of $735M-$750M as it plans to acquire Ruckus for $1.85B Vistance Networks to sell its unit to Belden for $1.85B
AMC Entertainment (NYSE:AMC) , which operates movie theaters worldwide, closed Thursday at $2.29, up 9.86%. The stock moved higher after news broke that AMC completed a $150 million at-the-market equity offering. Investors are watching to see whether stronger box-office trends sustain the turnaround narrative. Trading volume reached 58.4 million shares, about 85% above its three-month average of 3...
AMC Entertainment (NYSE:AMC) , which operates movie theaters worldwide, closed Thursday at $2.29, up 9.86%. The stock moved higher after news broke that AMC completed a $150 million at-the-market equity offering. Investors are watching to see whether stronger box-office trends sustain the turnaround narrative. Trading volume reached 58.4 million shares, about 85% above its three-month average of 31.5 million shares. AMC Entertainment IPO'd in 2013 and has fallen 99% since going public. The S&P 500 rose 1.73% to 7,393, while the Nasdaq Composite gained 2.54% to finish at 25,810. Within the entertainment space, industry peers Cinemark closed at $34.00 (+2.87%), and IMAX ended at $42.12 (-0.14%), underscoring mixed moves across theater-focused names. While most equity offerings prompt a share price decline, AMC rose 10% today after completing a $150 million at-the-market equity offering. This raise added financial flexibility for the company, as it could play a small role in whittling down its $3.9 billion in long-term debt and funding its $3.4 billion in leases. Continue reading