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Wolfspeed prepares to file for bankruptcy within weeks, WSJ reports
May 20 (Reuters) - Semiconductor supplier Wolfspeed Inc WOLF.N is preparing to file for bankruptcy within weeks, as it struggles to address its debt pile, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter.Reuters
Tue, May 20
Stocks
Why Agilysys Stock Triumphed on Tuesday
Agilysis (NASDAQ: AGYS), a developer of software solutions for the hospitality industry, was a welcome guest in many portfolios Tuesday. That's because the company delivered quarterly results that blew past analyst expectations; as a result, its share price rose a mighty 22% on the day. That was so ...The Motley Fool
Tue, May 20
Commodities
US natgas prices jump 10% on lower output, higher demand and technical buying
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavinoMay 20 (Reuters) - U.S. natural gas futures soared about 10% on Tuesday on a decline in daily output, forecasts for more demand next week, long-term forec...Reuters
Tue, May 20
Other
Ultra High Point Holdings Ltd Files For U.S. IPO Of Up To 2.2 Million Ordinary Shares - SEC Filing
ULTRA HIGH POINT HOLDINGS LTD FILES FOR U.S. IPO OF UP TO 2.2 MILLION ORDINARY SHARES - SEC FILINGULTRA HIGH POINT HOLDINGS LTD - IPO PRICE EXPECTED BETWEEN $4.00 AND $5.00 PER SHARE - SEC FILINGULTRA HIGH POINT HOLDINGS LTD SAYS BANCROFT CAPITAL, LLC IS UNDERWRITER TO IPOULTRA HIGH POINT HOLDINGS L...Reuters
Tue, May 20
Stocks
GLOBAL MARKETS-Stocks dip, Treasury yields gain; investors weigh US fiscal concerns
US stocks end lower; S&P 500 snaps 6-day streak of gainsDollar declines while gold rises more than 1%Super-long Japanese government bond prices fall sharplyBy Caroline Valetkevitch NEW YORK, May 20 (Reuters) - Major stock indexes eased while longer-dated U.S. Treasury yields inched higher on ...Reuters
Tue, May 20
Other
James Hardie Industries Posts Q4 Sales Of $972 Million
May 21 (Reuters) - James Hardie Industries PLC JHX.AX:Q4 SALES USD 972 MILLIONQ4 ADJUSTED NET INCOME USD 156 MILLIONQ4 ADJUSTED EBIT USD 209.2 MILLIONQ4 ADJUSTED EBIT MARGIN 21.5%SEES FY26 NORTH AMERICA EBITDA MARGIN: AROUND 35.0%SEES FY26 TOTAL ADJUSTED EBITDA GROWTH: UP LOW SINGLE-DIGITSReuters
Tue, May 20
Commodities
US oil futures ease after API reports surprise increase in domestic crude stocks
Investing.com -- U.S. crude oil futures slipped below post-settlement levels Tuesday after the American Petroleum Institute reported an unexpected increase in weekly domestic crude stockpiles.Crude OiInvesting.com
Tue, May 20
Stocks
Why Mind Medicine Stock Vaulted More Than 8% Higher Today
Investors had a good mind to plow money into Mind Medicine (NASDAQ: MNMD) stock on Tuesday. Shares of the psychedelic-focused biotech, which also goes by the name of MindMed, provided a nice high by rising more than 8% in price on a legislative development. That performance contrasted well with the ...The Motley Fool
Tue, May 20
Stocks
QXO falls after $1 bln stock deals unveiled
** Shares of building-products distributor QXO QXO.N down 11.4% at $16.25 after hours as it seeks additional capital** Greenwich, Connecticut-based QXO launches concurrent offerings of common stock and 3-yr mandatory convertible preferred stock for expected $1 bln gross proceeds** Co says intends t...Reuters
Tue, May 20
Commodities
LIVESTOCK-CME cattle futures mixed as US supply report looms
CHICAGO, May 20 (Reuters) - Chicago Mercantile Exchange live and feeder cattle were mixed on Tuesday, as market participants adjusted their positions ahead of a monthly government report that is expected to show fewer cattle in U.S. feedlots compared to a year ago, traders said.CME August live cattl...Reuters
Tue, May 20
Stocks
Keysight beats second-quarter estimates on strong demand in its communication business
May 20 (Reuters) - Electronic equipment maker Keysight Technologies KEYS.N beat Wall Street expectations for second-quarter revenue and profit on Tuesday, driven by strong sales in its communications segment, sending its shares up 5% after the bell.Keysight, is a provider of electronic design, testi...Reuters
Tue, May 20
Stocks
Why Pony AI Trounced the Market on Tuesday With a Nearly 6% Gain
The U.S.-listed equity of Chinese autonomous-vehicle developer Pony AI (NASDAQ: PONY) accelerated well higher on Tuesday. Following the company's unveiling of its latest quarterly results, investors in this country sent its American depositary receipts (ADRs) almost 6% higher. That was miles ahead o...The Motley Fool
Tue, May 20
Stocks
Carter's shares slump in late trade on dividend cut
** Shares in Carter's Inc CRI.N down 8.6% in late trade after the children's clothing co announced cutting its quarterly dividend to 25 cents/shr from 80 cents/shr in the first quarter blaming profit levels, challenging environment, likely cost hike from proposed U.S. tariffs** Stock last tr...Reuters
Tue, May 20
Other
Kraft Heinz looking at M&A opportunities as packaged foods demand slows
May 20 (Reuters) - Packaged foods giant Kraft Heinz KHC.N said it was looking at strategic transactions as consumer demand for its pricey snacks and ready-to-eat meals weakens due to an uncertain economic environment and high inflation.The company has been looking for potential merger and acquisitio...Reuters
Tue, May 20
Other
REFILE-Former Progressive CEO and chairman Glenn Renwick dies at 69
By Isha MaratheMay 20 - (The Insurer) - Former Progressive Corporation CEO and chairman Glenn Renwick has died at the age of 69 following a car accident.Renwick spent over three decades at Progressive, beginning his career with the personal lines giant in 1986 and stepping down in 2016 following a ...Reuters
Tue, May 20
Other
Kevin Spacey 'glad to be working' as he is feted in Cannes
CANNES, France, May 20 (Reuters) - Oscar-winning U.S. actor Kevin Spacey said that "it was nice to be back" at an awards ceremony on the sidelines of the Cannes Film Festival on Tuesday evening.Spacey, who won Oscars for "American Beauty" and "The Usual Suspects", was one of ...Reuters
Tue, May 20
