Flex announced a plan to spin off its Power and Cloud portfolio into a new independent company, SpinCo, focused on digital infrastructure for AI data centers, while Flex will continue as a global advanced manufacturing firm. The spin-off aims to sharpen strategic focus, improve financial clarity, and create shareholder value, with SpinCo targeting rapid revenue growth and Flex focusing on manufacturing solutions across diverse industries. Leadership changes include Revathi Advaithi as SpinCo CEO and Michael Hartung as Flex CEO. The transaction is expected to be tax-free and close in the first quarter of 2027.
The global aerospace materials market is projected to grow from $60.38 billion in 2026 to $89.58 billion by 2031, at a CAGR of 8.21%. Growth is fueled by rising demand for lightweight composite materials that improve fuel efficiency, increased satell...
State Street Global Advisors & Affiliates disclosed a sale of 1,250 ordinary shares of DCC plc on May 22, 2026, at a price of €61.55 per share. Following this transaction, their total holding in DCC plc stands at 1,189,951 shares, representing 1.3929...
NevGold Corp. reported that all 17 drillholes at its Limousine Butte project in Nevada returned consistent oxide antimony and gold mineralization, with notable grades such as 0.32% antimony over 14.9 meters. This brownfield site contains historic cru...
TransMedics saw its stock drop nearly 50% in 2026 after missing Q1 earnings estimates despite 21% revenue growth to $174 million, driven by strong liver segment sales. Higher costs squeezed margins and net income, but management maintains 2026 revenu...
Bitcoin peaked at $126,000 in October 2025 but fell sharply due to a tech stock selloff, leveraged position liquidations, and over $3 billion in ETF outflows by January 2026. The price dropped below $60,000 in early 2026 but has since recovered to ar...
