Cheetah Net Supply Chain Service Inc. (CTNT) shares surged 71.04% in after-hours trading following the completion of its acquisition of Super International Trading Limited, a Hong Kong-based industrial equipment trading company. The deal, valued at approximately $4.98 million in cash, was finalized on May 27, making Super International a wholly owned subsidiary. Despite recent quarterly losses, this strategic acquisition could enhance CTNT's market position in logistics and supply chain services. The stock closed the regular session up 9.64% at $1.82 but remains near its 52-week low amid a challenging year.
Virginia Governor Abigail Spanberger signed House Bill 655 and Senate Bill 346, reforming zoning laws to allow manufactured homes in areas where site-built homes are permitted. The laws prevent local governments from imposing stricter rules on manufa...
Unifi, Inc. is recovering from a multi-year restructuring by expanding margins and nearing breakeven despite lower revenues. The company has cut costs, consolidated plants, and lowered its break-even revenue target, positioning it well for modest dem...
SEALSQ has acquired Miraex, a Swiss photonics company, to complete its Quantum Sovereign Vertical Stack, integrating quantum computing hardware with communication networks. This acquisition enhances SEALSQ's Quantum Orbital Space Cloud (QOSC) program...
SSSTC, a subsidiary of Kioxia Corporation, unveiled new SSDs designed for immersion cooling at Computex 2026, targeting AI data centers facing thermal management challenges. These SSDs use specialized materials and designs to resist corrosion and opt...
Coherent reported 21% year-over-year revenue growth and 55% EPS growth in Q3, with expanding profit margins fueled by high data center demand. The company projects even stronger Q4 results, anticipating 29% revenue growth and 62% EPS growth, supporte...
