Tower Semiconductor announced a multi-year agreement with IQE plc to supply Indium Phosphide (InP) epiwafers, enhancing its silicon photonics capabilities crucial for AI-driven data centers. This deal includes minimum purchase commitments and reciprocal supply terms, strengthening Tower's position in advanced optical connectivity. The stock surged over 5% in premarket trading, nearing its 52-week high, supported by strong growth, momentum, and a bullish technical outlook. Tower Semiconductor is expected to release its next earnings update on August 3, 2026, with analysts maintaining a Buy rating and an average price target of $276.75.
The 48th Annual NYU International Hospitality Investment Forum (NYU IHIF) in June 2026 attracted over 2,500 attendees, including equity investors managing $723 billion in hotel assets. Industry leaders from major hotel brands and investment firms dis...
The global fire stopping materials market is projected to grow from $1.87 billion in 2025 to $2.47 billion by 2030, at a CAGR of 5.7%. Growth is fueled by increasing awareness of building safety and stricter fire safety regulations, especially in Nor...
Amazon is testing a new system called Full Facility Load Balancing (FFLB) to optimize worker movement in its robot-assisted warehouses. The system reallocates staff every three minutes based on workload changes, potentially saving nearly 7 million la...
Kroger reported Q1 adjusted earnings of $1.58 per share, slightly below the $1.59 consensus, while revenue rose to $46.12 billion, beating expectations. Despite revenue growth, gross margin narrowed due to higher fuel sales mix, rising transportation...
Goldman Sachs warns that the $770 billion capital expenditure planned by major tech companies for AI in 2026 will increase their asset intensity and depreciation costs, squeezing profit margins. This surge in spending forces traditionally asset-light...
