US Politics & Business News
Read the latest business news today at Congress.net
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…
UBS Group has reduced its price target on lululemon athletica (NASDAQ: LULU) shares from $176.00 down to $153.00, according to a Monday research report. The revised target represents a significant reduction of $23.00 from the firm’s previously held price objective on the athletic apparel retailer. Alongside the price target cut, UBS Group maintained a “neutral”…
Samsung, SK Hynix, and Micron have each crossed the $1 trillion market capitalization threshold, driven by surging demand for AI memory chips. The milestone for all three companies comes as the global semiconductor industry faces a significant supply deficit in AI memory chip production. Analysts indicate the memory chip shortage fueling these valuations is not…
Sage Investment Advisers LLC established a brand new position in Visa Inc. (NYSE: V) during the fourth quarter, according to a recent SEC disclosure filed by the firm. The investment firm purchased 16,228 shares of the credit-card processor’s stock as part of the newly initiated stake. The total value of the acquired shares came in…
Norges Bank purchased a new stake in CoStar Group, Inc. (NASDAQ: CSGP) during the fourth quarter, according to a recent disclosure with the Securities and Exchange Commission. The fund acquired 7,090,495 shares of the technology company’s stock, valued at approximately $476,765,000. The purchase represents a brand-new position for Norges Bank in the NASDAQ-listed technology firm….