Chinese skincare company Yatsen Holding completed the first tranche of a $120 million convertible note issue, potentially to fund the acquisition of U.S. skincare brand Erno Laszlo, recently bought by a Chinese investment group. Yatsen, facing losses in its core cosmetics business, is shifting focus to skincare, which shows strong growth. The deal could help Yatsen expand globally and revive the struggling Erno Laszlo brand using its marketing and manufacturing expertise. Investors reacted positively, with Yatsen's stock rising 57% since the fundraising announcement.
Northrim BanCorp announced a quarterly cash dividend of $0.16 per share, payable on June 18, 2026, to shareholders recorded by June 11, 2026. At the current stock price of $24.74, this dividend represents an annual yield of 2.59%. The company recentl...
Burford Capital Limited announced a final dividend of 6.25 US cents per ordinary share for the year ended December 31, 2025. The dividend will be paid on June 12, 2026, to shareholders recorded as of May 22, 2026. The company also disclosed the pound...
Jeffrey Schmid, President of the Federal Reserve Bank of Kansas City, warned that inflation is still too high and the current energy shock might not be temporary. Speaking at a conference, he expressed concern that inflation has been above the Fed's ...
Buckle, Inc. reported strong quarterly results, surpassing Wall Street's earnings estimate of $0.74 per share with actual earnings of $0.92 per diluted share. The company's net sales rose 6.1% to $288.7 million, aided by a 5.1% increase in comparable...
Dell Technologies revealed that many of its largest customers are signing multi-year contracts for AI servers without guaranteed prices, prioritizing access over cost amid high demand and supply shortages. The company faces challenges in predicting c...
