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VCI Global signs binding term sheet to invest in Brazilian gold mining asset with 59.9 tons estimated gold resource.
VCI Global Limited has signed a binding term sheet to strategically invest in a mature gold mining asset in Brazil, estimated to contain about 59.9 tons of gold. The investment aligns with the company's strategy to integrate physical gold into its re...
Gaia, Inc. faces fraud investigation after missing Q1 revenue estimates and stock drop.
The Schall Law Firm is investigating Gaia, Inc. for potential securities law violations following the company's Q1 2026 financial results announcement. Gaia missed revenue estimates, and its CEO cited strategic changes expected to slow near-term reve...
76% of firms appoint chief AI officers amid AI-driven shifts in workforce and leadership roles
A recent IBM report reveals that 76% of surveyed companies have created the role of chief AI officer (CAIO) to lead AI transformations, up significantly from 26% in 2025. This shift reflects AI's growing impact on corporate strategy and workforce dyn...
Golub Capital BDC holds steady despite rising credit stress and portfolio challenges.
Golub Capital BDC remains a Hold as its portfolio quality shows signs of deterioration, with nonaccrual loans rising to 1.4% and payment-in-kind (PIK) income increasing to 9%, indicating some credit stress. The fund’s software sector exposure is most...
China's inflation rises more than expected in April amid Middle East conflict impact
In April, China's consumer prices rose 1.2% year-on-year, surpassing forecasts of 0.9%, while producer prices jumped 2.8%, exceeding the expected 1.6%. This inflation surge is driven by higher global commodity costs due to the ongoing Middle East con...
Crude oil prices drop sharply as US-Iran peace talks spark long liquidation amid Strait of Hormuz tensions.
Crude oil prices, including June WTI and Spot Brent, fell sharply last week following peace headlines between the US and Iran, triggering a rapid sell-off from a crowded bullish market. Despite the decline, geopolitical risks remain as Iran has not a...
US mandates federal agencies to prioritize American-made products and tighten 'Buy American' enforcement.
President Donald Trump ordered all federal agencies to prioritize purchasing American-made products, eliminating waiver loopholes that allow buying foreign goods. This move aims to strengthen U.S. manufacturing, protect American workers, and ensure t...
Skyworks fraud lawsuit survives dismissal, shareholders can seek reforms and compensation.
A federal securities fraud class action against Skyworks Solutions and some of its officers has survived a motion to dismiss. The lawsuit alleges that Skyworks misled investors about its revenue prospects for 2025, including overstating its relations...
Nike sued by customers seeking refunds for tariff-related price hikes
Nike faces a class action lawsuit from customers demanding refunds for tariff-related costs passed on through higher prices during the Trump administration's tariffs. Plaintiffs argue Nike should not keep the tariff refunds it expects to receive afte...
US Senate to discuss stalled crypto bill CLARITY Act, aiming to clarify crypto rules and stablecoin rewards.
The US Senate is set to address the long-delayed CLARITY Act, a bill that would create a regulatory framework for cryptocurrencies. The legislation aims to define when crypto tokens are securities or commodities, providing legal clarity for the indus...