US Politics & Business News
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U.S. Central Command announced Tuesday that it had defeated multiple Iranian ballistic missiles and drones and launched defensive strikes against what it described as “attempted attacks” by Iran. The latest exchange of fire has further threatened a fragile ceasefire between the two nations, deepening a conflict now three months old with no resolution in sight….
Strategy (NASDAQ: MSTR) investors are “deeply concerned” by the market’s reaction to the company selling Bitcoin this week, sources told Congress.net on Tuesday. Sources told Congress.net that large institutional investors holding various MSTR products, including ordinary shares and preferred shares, are concerned that “Strategy could be forced to sell more Bitcoin” and “inadvertently cause Bitcoin’s…
Job openings climbed to their highest level in nearly two years during April, while hiring fell sharply in the same period. The Bureau of Labor Statistics reported that available employment reached 7.6 million for April, a surge of 731,000 from the prior month and the highest level since May 2024. Economists surveyed by Dow Jones…
Citigroup has raised its price objective on Seagate Technology (NASDAQ: STX) from $740.00 to $1,150.00, a substantial increase reflecting renewed analyst confidence in the stock. The Wall Street bank accompanied the upgraded price target with a “buy” rating on the data storage company, signaling a bullish outlook. The new target of $1,150.00 represents a significant…
Euro zone inflation rose to an estimated 3.2% in May, driven by double-digit energy price growth, according to official data released Tuesday. The figure climbed from 3% in April and came in line with forecasts in a Reuters poll of economists, landing well above the European Central Bank’s 2% target. Energy costs represented the highest…
Shares of ADMA Biologics Inc (NASDAQ: ADMA) have received an average recommendation of “Hold” from the five ratings firms currently covering the stock, according to MarketBeat Ratings. The breakdown of analyst opinions shows a divided view, with one investment analyst rating the stock with a sell recommendation. Two analysts have assigned a hold recommendation to…
AMC Entertainment Holdings, Inc. (NYSE: AMC) recorded a dramatic drop in short interest during the month of May, signaling a notable shift in bearish sentiment toward the stock. As of May 15th, short interest in the company totaled 63,294,412 shares, reflecting a steep decline from earlier in the month. That figure represents a 40.4% decrease…
Mercer International (NASDAQ: MERC) shareholders approved every proposal put forward at the company’s 2026 annual meeting, with management painting a challenging picture of recent business conditions. Chairperson William McCartney confirmed that shareholders elected all nine members of the board during the annual meeting proceedings. Management outlined what it described as a difficult 2025 period, characterized…
Alphabet Inc. (NASDAQ: GOOGL) Director Frances Arnold sold 102 shares of the company’s stock in a transaction completed on Friday, May 29th. The shares were sold at an average price of $381.00 per share, bringing the total value of the transaction to $38,862.00. The sale represents a 0.54% decrease in Arnold’s overall ownership stake in…
Penguin Solutions (NASDAQ: PENG) has issued updated earnings guidance for fiscal year 2026, setting expectations above what analysts had previously forecast. The company provided earnings per share guidance of $2.30, compared to the consensus analyst estimate of $2.08. That represents a meaningful beat above Wall Street expectations, signaling management’s confidence in the company’s financial trajectory…