Gold and silver prices fell significantly on Thursday, with gold dropping over 2% below the $4,000 mark and silver declining nearly 4%. This decline was driven by strong U.S. economic data, including rising retail sales and lower jobless claims, which boosted Treasury yields and the U.S. dollar, overshadowing softer inflation reports and tensions in the Strait of Hormuz. The market now anticipates a possible Fed rate hike in September, while geopolitical risks keep oil prices elevated. Investors are watching if gold can hold key support levels amid these mixed signals and ongoing geopolitical tensions affecting energy prices.
IPG Photonics announced a binding offer to acquire Lumibird Medical for €300 million, with an additional earnout of up to €50 million based on performance. This acquisition will expand IPG's Advanced Solutions portfolio in medical lasers, particularl...
Constellation Software Inc. announced it will hold a conference call and live webcast on August 12, 2026, at 8:00 a.m. ET to discuss its second quarter results. The company will release its quarterly earnings after the Toronto Stock Exchange closes o...
Morgan Stanley increased its price target for United Airlines to $190, suggesting nearly 60% upside from the current price of $118.81. The airline's stock has surged 235% since October 2023, driven by a strong rebound in international travel and rais...
Citizens Financial Group reported a strong Q2 performance with earnings per share of $1.30, surpassing estimates by 4% and marking a 41% increase year-over-year. The bank also posted revenue of $2.28 billion, beating expectations and continuing a fou...
Yara International ASA is set to release its Q2 2026 earnings on July 17, with analysts expecting an EPS of $1.19 and revenue of $5.14 billion. The fertilizer industry faces challenges from rising raw material costs and potential demand decline due t...
