Minneapolis Fed President Neel Kashkari emphasized that inflation remains the Federal Reserve's main concern, despite a healthy labor market. He warned that persistent high inflation risks unanchoring consumer expectations, which could force the Fed to take more aggressive measures. Key drivers of current inflation include rising energy and fertilizer costs, influenced by global events like the pandemic, tariffs, and geopolitical conflicts. Kashkari affirmed the Fed's commitment to balancing price stability with full employment while closely monitoring inflation's broader economic impact.
The US Surface Transportation Board (STB) has suspended its review of the proposed merger between Union Pacific (UP) and Norfolk Southern (NS), requiring the companies to provide additional detailed information. The STB and Canadian National Railway ...
Meta Platforms announced a quarterly cash dividend of $0.525 per share for its Class A and Class B common stock. The dividend will be paid on June 25, 2026, to shareholders recorded as of June 15, 2026. This move reflects Meta's ongoing commitment to...
Virgin Galactic's stock surged after a U.S. federal court granted preliminary approval for a settlement resolving two long-running shareholder derivative lawsuits. The settlement involves a $2.75 million payment from the company's insurers, with Virg...
At its 2026 Annual General Meeting, Alamos Gold shareholders voted with 78.39% turnout to re-elect all nominated directors and reappoint KPMG LLP as auditor. The meeting also saw approval of the company's executive compensation approach through a non...
Mercury Systems secured a multi-year contract to deliver 1,000 RTBX06 BuiltSECURE™ servers to Blue Raven, a key defense industry distributor. These servers offer advanced security for mission-critical defense applications, featuring U.S.-made compone...
