Honda reported an operating loss of 414.3 billion yen ($2.61 billion) for the fiscal year ending March, its first annual loss in nearly 70 years, due to challenges in its electric vehicle business, competition from Chinese rivals, and U.S. tariffs. The company is restructuring its EV plans, canceling some North American models, and expects over $9 billion in related costs. Despite setbacks including engine recalls and lawsuits, analysts from Citi and Nomura remain optimistic, highlighting Honda's strategic shift towards China and India markets and potential recovery by 2028. Shares rose over 7% following the announcement.
Berto Acquisition Corp. II priced its upsized initial public offering at $274 million, selling 27.4 million units at $10 each. The SPAC, led by veteran sponsor Harry You, aims to merge with companies in technology, AI, and related sectors. Trading un...
Duke Robotics Corp. announced a $9.2 million underwritten public offering of 1,125,000 units priced at $8.20 each, including common stock and warrants. The company plans to use the proceeds for R&D, sales expansion, marketing, business development, p...
GoldMining Inc. held its 2026 annual meeting on May 14, where a quorum of 27.04% of shares voted. All six director nominees proposed by management were elected with strong majority support, each receiving over 90% of votes. Shareholders also approved...
Weyerhaeuser Company announced a quarterly base cash dividend of $0.21 per common share, payable on June 22, 2026, to shareholders of record as of June 5, 2026. The company aims to return 75-80% of its annual Adjusted Funds Available for Distribution...
Data from Deribit reveals Ethereum and Solana options traders are leaning bullish, with Ethereum showing strong call option interest and Solana displaying balanced but call-favored volume. In contrast, XRP options traders are more defensive, with a h...
