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WASHINGTON (dpa-AFX) - After an early advance, the major U.S. stock indexes moved in opposite directions over the course of the trading session on Monday.

The tech-heavy Nasdaq added to last week's strong gains, reaching a new record closing high, while the Dow gave back ground after closing above 40,000 for the first time last Friday.

The Nasdaq ended the day up 108.91 points or 0.7 percent at 16,794.87. The S&P 500 also crept up 4.86 points or 0.1 percent to 5,308.13, but the Dow fell 196.82 points or 0.5 percent at 39,806.77.

The advance by the Nasdaq reflected strength in the tech sector, with semiconductor stocks turning in a particularly strong performance on the day.

Reflecting the strength among semiconductor stocks, the Philadelphia Semiconductor Index jumped by 2.2 percent to a two-month closing high.

Chipmaker Micron Technology (MU) helped lead the way higher, surging by 3.0 percent after Morgan Stanley upgraded its rating on the company's stock to Equal Weight from Underweight.

Ai darling Nvidia (NVDA) also shot up by 2.5 percent ahead of the release of its fiscal first quarter results after the close of trading on Wednesday.

Gold stocks also saw notable strength on the day, as the price of the precious metal reached a new record high, while banking stocks and telecom stocks moved to the downside.

A steep drop by shares of JPMorgan Chase (JPM) weighed on the Dow, with the financial giant tumbling by 4.5 percent after ending last Friday's trading at a record closing high.

The pullback by JPMorgan came after CEO Jamie Dimon implied during remarks at the company's annual investor day that he may retire in fewer than five years.

Overall trading remained somewhat subdued, however, as traders seemed reluctant to make more significant bets amid a lack of major U.S. economic data on the day.

The economic calendar remains relatively quiet throughout the week, although reports on durable goods orders and new and existing home sales may attract some attention along with the minutes of the latest Fed meeting.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Monday. Japan's Nikkei 225 Index advanced by 0.7 percent, while China's Shanghai Composite Index rose by 0.5 percent.

The major European markets also moved to the upside on the day. While the U.K.'s FTSE 100 Index inched up by 0.1 percent, the German DAX Index and the French CAC 40 Index both climbed by 0.4 percent.

In the bond market, treasuries saw modest weakness, extending the pullback seen over the two previous sessions. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, inched up 1.7 basis points to 4.437 percent.

Looking Ahead

Amid another quiet day in terms of U.S. economic data, trading on Tuesday may be impacted by reaction to remarks by several Fed officials.

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WASHINGTON (dpa-AFX) - After moving mostly higher early in the session, stocks have given back ground in recent trading on Monday. The major averages have pulled back off their highs of the session, with the Dow dipping into negative territory.

Currently, the major averages are turning in a mixed performance. While the Dow is down 112.15 points or 0.3 percent at 39,891.44, the S&P 500 is up 9.54 points or 0.2 percent at 5,312.81 and the Nasdaq is up 101.78 points or 0.6 percent at 16,787.74.

Considerable strength remains also visible among semiconductor stocks, resulting in a 2.1 percent jump by the Philadelphia Semiconductor Index.

Chipmaker Micron Technology (MU) has helped lead the way higher, surging by 3.1 percent after Morgan Stanley upgraded its rating on the company's stock to Equal Weight from Underweight.

Ai darling Nvidia (NVDA) has also shot up by 2.5 percent ahead of the release of its fiscal first quarter results after the close of trading on Wednesday.

Gold stocks are also turning in a strong performance on the day, as reflected by the 1.8 percent gain being posted by the NYSE Arca Gold Bugs Index. The strength among gold stocks comes amid an increase by the price of the precious metal.

Software and computer hardware stocks are also seeing some strength on the day, contributing to the advance by the tech-heavy Nasdaq, while oil producer stocks have moved lower along with the price of crude oil.

Most of the major sectors are showing only modest moves, as traders seem reluctant to make more significant bets amid a lack of major U.S. economic data on the day.

The economic calendar remains relatively quiet throughout the week, although reports on durable goods orders and new and existing home sales may attract some attention along with the minutes of the latest Fed meeting.

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Monday. Japan's Nikkei 225 Index advanced by 0.7 percent, while China's Shanghai Composite Index rose by 0.5 percent.

The major European markets also moved to the upside on the day. While the U.K.'s FTSE 100 Index inched up by 0.1 percent, the German DAX Index and the French CAC 40 Index both climbed by 0.4 percent.

In the bond market, treasuries are extending the pullback seen over the two previous sessions. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 1.6 basis points at 4.436 percent.

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BRUSSELS (dpa-AFX) - The Switzerland market ended on a firm note on Monday, extending its long winning streak, as the mood continued to remain positive thanks to strong quarterly earnings, and expectations of interest rate cuts.

The benchmark SMI ended with a gain of 91.33 points or 0.76% at 12,037.99. The index touched a high of 12,046.39, a new 52-week high.

Richemont rallied 5.31% following a rating upgrade of the stock. Analysts at Jefferies raised their target price on the stock to 165 Swiss francs from 155 francs. A few others including UBS, Telsey Advisory Group and Bryan, Garnier & Co have also raised their targets on Richemont.

Swatch Group and Swiss Re gained 2.57% and 2.28%, respectively. Givaudan climbed 1.78%, and Nestle ended 1.26% up.

Roche Holdings, Logitech International, Lindt & Spruengli, Zurich Insurance Group and UBS Group posted moderate gains. ams OSRAM, Georg Fischer, Flughafen Zurich and Helvetia also closed higher.

Swiss Life Holdings dropped 5.43%. Sonova, Straumann Holdings, VAT Group, Partners Group, Kuehne & Nagel, Alcon, Schindler Ps, Sandoz Group and Geberit lost 0.7 to 2%.

Meyer Burger Tech tumbled 6.5%. Tecan Group ended lower by about 3%. BKW, Adecco, SGS and Julius Baer also closed weak, albeit with less pronounced losses.

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks closed a bit higher on Monday, edging up slightly after turning in a somewhat weak performance in the previous session.

Expectations that the stimulus measures announced by China last week will help revive the property sector in the world's second largest economy, and optimism about interest rate cuts in the coming months helped underpin sentiment in European markets.

European sovereign bond yields edged up after ECB Governing Council member Martins Kazaks indicated in a Bloomberg Adria interview that June seems the right moment to start lowering borrowing costs, but future moves will be largely determined by incoming data.

Kazaks emphasized that any reduction in rates should be 'cautious' and 'gradual,' and that the process should not be rushed.

Separately, ECB executive board member Isabel Schnabel also warned against back-to-back interest-rate cuts in June and July.

'Based on current data, a rate cut in July does not seem warranted as there is a risk of easing prematurely,' she told the Nikkei newspaper.

Bank of England's Deputy Governor Ben Broadbent said the interest rate could be cut some time over the summer.

The outgoing deputy governor said if things continue to evolve as expected, then the policy will have to become less restrictive at some time.

Elsewhere, U.S. Fed Governor Michelle Bowman said on Friday that she has seen no progress in inflation this year and remains willing to hike rates should progress stall or reverse.

The pan European Stoxx 600 ended higher by 0.8%. The U.K.'s FTSE 100 edged up 0.05%, Germany's DAX and France's CAC 40 both ended up by 0.35%, while Switzerland's SMI climbed 0.76%, extending gains to a third straight session.

Among other markets in Europe, Austria, Belgium, Finland, Greece, Netherlands, Poland, Portugal, Spain, Sweden and Turkiye closed higher, while Russie ended weak.

In the UK market, Rolls-Royce Holdings rallied nearly 4.5%. Fresnillo, Weir Group, Entain and Airtel Africa gained 2.4 to 4%.

Ashtead Group, JD Sports Fashion, Melrose Industries, RightMove, ICG, Kingfisher, IMI, Lloyds Banking Group, Antofagasta, Centrica, Smiths Group, Admiral Group and IHG ended higher by 1 to 2%.

Shares of Keywords Studios soared about 61% after the company said that it is in talks with European private equity company EQT Group over a possible cash offer worth 2,550 pence a share.

EasyJet, Burberry Group, Ocado Group, Sage Group, Prudential, Beazley, BT Group, Frasers Group, Imperial Brands, Natwest Group and Reckitt Benckiser lost 1 to 3.2%.

In the German market, Covestro gained more than 2%. MTU Aero Engines, SAP, Infineon, Deutsche Telekom, Commerzbank, BASF and Henkel also posted notable gains.

Siemens Energy drifted down more than 2.5%. Porsche, Puma, Mercdes-Benz, BMW and Volkswagen lost 1 to 2%.

In the French market, Teleperformance climbed about 3%. Societe Generale, Safran, Airbus Group, Schneider Electric, Thales and Kering gained 1 to 2.3%.

Carrefour, STMicroElectronics, Engie, Renault and Pernod Ricard closed weak.

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WASHINGTON (dpa-AFX) - Stocks have moved mostly higher during trading on Monday, adding to the strong gains posted last week. With the upward move, the Nasdaq and the Dow have reached new record intraday highs.

Currently, the major averages are all in positive territory, with the tech-heavy Nasdaq leading the way higher. The Nasdaq is up 108.35 points or 0.7 percent at 16,794.32, the S&P 500 is up 19.40 points or 0.4 percent at 5,322.67 and the Dow is up 43.27 points or 0.1 percent at 40,046.86.

Technology stocks are turning in some of the market's performances on the day, as reflected by the notable advance by the Nasdaq.

Considerable strength is also visible among semiconductor stocks, resulting in a 1.8 percent jump by the Philadelphia Semiconductor Index.

Chipmaker Micron Technology (MU) has helped lead the way higher, surging by 3.9 percent after Morgan Stanley upgraded its rating on the company's stock to Equal Weight from Underweight.

Ai darling Nvidia (NVDA) has also shot up by 2.3 percent ahead of the release of its fiscal first quarter results after the close of trading on Wednesday.

Commodities stocks are also seeing some strength on the day, while most of the major sectors are showing more modest moves.

Traders may be reluctant to make more significant moves amid a lack of major U.S. economic data on the day.

The economic calendar remains relatively quiet throughout the week, although reports on durable goods orders and new and existing home sales may attract some attention along with the minutes of the latest Fed meeting.

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Monday. Japan's Nikkei 225 Index climbed by 0.7 percent, while China's Shanghai Composite Index rose by 0.5 percent.

The major European markets have also moved to the upside on the day. While the U.K.'s FTSE 100 Index is up by 0.1 percent, the German DAX Index and the French CAC 40 Index are both up by 0.3 percent.

In the bond market, treasuries are extending the pullback seen over the two previous sessions. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 2.3 basis points at 4.443 percent.

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WASHINGTON (dpa-AFX) - Stocks may move to the upside in early trading on Monday, adding to the strong gains posted last week. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.1 percent.

The markets may continue to benefit from recent upward momentum, which lifted the major averages to new record highs last week.

The Dow closed above 40,000 for the first time last Friday amid renewed optimism about the outlook for interest rates.

While the Federal Reserve is widely expected to leave interest rates unchanged next, CME Group's FedWatch Tool is currently indicating a 74.3 percent chance rates will be a quarter point lower by September.

Overall trading activity is likely to be somewhat subdued, however, with a lack of major U.S. economic data keeping some traders on the sidelines.

The economic calendar remains relatively quiet throughout the week, although reports on durable goods orders and new and existing home sales may attract some attention.

Traders may also be reluctant to make significant moves ahead of the release of quarterly results from AI darling Nvidia (NVDA) after the close of trading on Wednesday.

Following the modest pullback seen over the course of Thursday's session, stocks showed a lack of direction during trading on Friday. The major average spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed.

Despite the choppy trading, the Dow closed above 40,000 for the first time, rising 134.21 points or 0.3 percent to 40,003.59.

The S&P 500 also crept up 6.17 points or 0.1 percent to 5,303.27, while the tech-heavy Nasdaq edged down 12.35 points or 0.1 percent at 16,685.97.

For the week, the Nasdaq surged by 2.1 percent, while the S&P 500 jumped by 1.5 percent and the Dow shot up by 1.2 percent.

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Monday. Japan's Nikkei 225 Index climbed by 0.7 percent, while China's Shanghai Composite Index rose by 0.5 percent.

The major European markets have also moved to the upside on the day. While the French CAC 40 Index is up by 0.6 percent, the German DAX Index is up by 0.5 percent and the U.K.'s FTSE 100 Index is up by 0.1 percent.

In commodities trading, crude oil futures are falling $0.60 to $79.46 a barrel after climbing $0.83 to $80.06 a barrel last Friday. Meanwhile, after surging $31.90 to $2,417.40 an ounce in the previous session, gold futures are inching up $6.60 to $2,424 an ounce.

On the currency front, the U.S. dollar is trading at 156.18 yen versus the 155.65 yen it fetched at the close of New York trading on Friday. Against the euro, the dollar is trading at $1.0857 compared to last Friday's $1.0869.

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The geopolitical developments and the Fed speeches might influence Monday's market sentiments. The U.S. economic calendar this week is relatively quiet.

In the Asian session, oil prices saw modest gains.

Early signs from the U.S. Futures Index suggest that Wall Street might open moderately higher.

Asian shares finished positive, while European shares are trading mostly up.

As of 7.55 am ET, the Dow futures were up 31.00 points, the S&P 500 futures were adding 8.75 points and the Nasdaq 100 futures were progressing 46.75 points.

The U.S. major averages finished mostly up on Friday. The Dow closed above 40,000 for the first time, rising 134.21 points or 0.3 percent to 40,003.59. The S&P 500 also increased 6.17 points or 0.1 percent to 5,303.27, while the tech-heavy Nasdaq edged down 12.35 points or 0.1 percent at 16,685.97.

On the economic front, the six-month Treasury Bill auction will be held at 11.30 am ET.

The Fed Vice Chair Philip Jefferson will speak on 'The U.S. Economy and Housing Price Dynamics' before the Mortgage Bankers Association (MBA) Secondary and Capital Markets Conference 10.30 am ET.

Atlanta Fed President Raphael Bostic is a moderator at dinner session before the 2024 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta at 8.45 am ET. He will also address at 7.00 pm ET.

Fed Vice Chair for Supervision Michael Barr to speak on'Bank Supervision and Regulation' before the 2024 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta at 9.00 am ET.

Fed Governor Christopher Waller will give welcome remarks before the Third Conference on the International Roles of the U.S. Dollar hosted by the Federal Reserve.

Asian stocks advanced on Monday. China's Shanghai Composite index rose 0.54 percent to 3,171.14. Hong Kong's Hang Seng index inched up 0.42 percent to 19,636.22.

Japanese markets rose notably. The Nikkei average climbed 0.73 percent to 39,069.68, hitting the 39,000 mark. The broader Topix index settled 0.82 percent higher at 2,768.04.

Australian markets closed higher. The benchmark S&P ASX 200 rose 0.63 percent to 7,863.70. The broader All Ordinaries index gained 0.62 percent to end at 8,132.10.

European shares are trading mostly higher. CAC 40 of France is gaining 42.21points or 0.53 percent. DAX of Germany is adding 84.99 points or 0.45 percent. FTSE 100 of England is progressing 17.07 points or 0.20 percent. The Swiss Market Index is up 91.33 points or 0.76 percent.

Euro Stoxx 50 which provides a Blue-chip representation of supersector leaders in the Eurozone, is up 0.20 percent.

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks edged up slightly on Friday as investors welcomed stimulus measures in China to support the country's property sector and pondered the outlook for rates.

European sovereign bond yields edged up after ECB Governing Council member Martins Kazaks indicated in a Bloomberg Adria interview that June seems the right moment to start lowering borrowing costs, but future moves will be largely determined by incoming data.

He emphasized that any reduction in rates should be 'cautious' and 'gradual,' and that the process should not be rushed.

Separately, ECB executive board member Isabel Schnabel also warned against back-to-back interest-rate cuts in June and July.

'Based on current data, a rate cut in July does not seem warranted as there is a risk of easing prematurely,' she told the Nikkei newspaper.

Elsewhere, U.S. Fed Governor Michelle Bowman said on Friday that she has seen no progress in inflation this year and remains willing to hike rates should progress stall or reverse.

The pan European STOXX 600 inched up 0.1 percent to 523.50 after closing down 0.1 percent on Friday.

The German DAX rose 0.3 percent, while France's CAC 40 and the U.K.'s FTSE 100 both added around 0.2 percent.

Miner Antofagasta rose half a percent in London and Glencore added 1.3 percent as copper prices surged to record highs in the wake of fresh Chinese stimulus measures to help boost the country's property market.

Oil & gas giant BP Plc climbed 0.8 percent and Shell added half a percent as oil prices rose amid uncertainty in major producing countries.

Shares of Keywords Studios jumped 62 percent after the company said that it is in talks with European private equity company EQT Group over a possible cash offer worth 2,550 pence a share.

British Land fell about 1 percent after selling its stake in the Meadowhall Shopping Centre in Sheffield, U.K. for 360 million pounds to Norges Bank Investment Management.

No-frills airline Ryanair Holdings shed 0.8 percent despite posting a 34 percent year-on-year rise in annual profit.

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks advanced on Monday as higher commodity prices lifted mining and energy stocks.

The benchmark FTSE 100 was up 19 points, or 0.2 percent, at 8,439 after losing 0.2 percent on Friday.

Miner Antofagasta rose half a percent and Glencore added 1.3 percent as copper prices surged to record highs in the wake of fresh Chinese stimulus measures to help boost the country's property market.

Oil & gas giant BP Plc climbed 0.8 percent and Shell added half a percent as oil prices rose amid uncertainty in major producing countries.

Shares of Keywords Studios jumped 62 percent after the company said that it is in talks with European private equity company EQT Group over a possible cash offer worth 2,550 pence a share.

British Land fell about 1 percent after selling its stake in the Meadowhall Shopping Centre in Sheffield, U.K. for 360 million pounds to Norges Bank Investment Management.

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks eked out modest gains on Monday while European sovereign bond yields edged up as investors reacted to the latest comments from Fed and ECB officials.

The benchmark CAC 40 was up 22 points, or 0.3 percent, at 8,189 after falling 0.3 percent on Friday.

ECB Governing Council member Martins Kazaks indicated in a Bloomberg Adria interview that June seems the right moment to start lowering borrowing costs, but future moves will be largely determined by incoming data.

He emphasized that any reduction in rates should be 'cautious' and 'gradual,' and that the process should not be rushed.

Separately, ECB executive board member Isabel Schnabel also warned against back-to-back interest-rate cuts in June and July.

'Based on current data, a rate cut in July does not seem warranted as there is a risk of easing prematurely,' she told the Nikkei newspaper.

Elsewhere, U.S. Fed Governor Michelle Bowman said on Friday that she has seen no progress in inflation this year and remains willing to hike rates should progress stall or reverse.

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BEIJING (dpa-AFX) - Trip.com Group Limited (TCOM) reported earnings for first quarter that decreased from the same period last year

The company's bottom line came in at RMB3.37 billion, or RMB5.02 per share. This compares with RMB4.32 billion, or RMB6.38 per share, in last year's first quarter.

Excluding items, Trip.com Group Limited reported adjusted earnings of RMB2.07 billion or RMB3.07 per share for the period.

The company's revenue for the quarter fell 22.7% to RMB9.21 billion from RMB11.92 billion last year.

Trip.com Group Limited earnings at a glance (GAAP) :

-Earnings (Q1): RMB3.37 Bln. vs. RMB4.32 Bln. last year.

-EPS (Q1): RMB5.02 vs. RMB6.38 last year.

-Revenue (Q1): RMB9.21 Bln vs. RMB11.92 Bln last year.

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WASHINGTON (dpa-AFX) - Jabil Inc. (JBL) announced Monday it is confirming the previously provided third-quarter guidance for net revenue of $6.2 billion to $6.8 billion, earnings of $0.82 to $1.38 per share and core earnings of $1.65 to $2.05 per share.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $2.21 per share on revenues of $6.83 billion for the third quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2025, the the Company is withdrawing its previously provided guidance, given the current visibility in certain end markets, along with the unanticipated CEO transition.

Separately, Jabil announced the appointment of Michael Dastoor, who has been serving as Chief Financial Officer and Interim CEO, as Chief Executive Officer. He succeeds Kenneth Wilson, who will no longer serve as Chief Executive Officer or on Jabil's Board of Directors.

Gregory Hebard, most recently Senior Vice President, Treasurer, has been appointed Chief Financial Officer.

These actions follow the completion of the investigation related to corporate policies, which Jabil initially disclosed on April 18, 2024.

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WASHINGTON (dpa-AFX) - Norwegian Cruise Line Holdings Ltd. (NCLH) said, based on strong demand and an improved outlook, the company is increasing full year 2024 guidance, raising expectations for net yield growth from 6.4% to 7.2%, increasing adjusted EBITDA from $2.25 billion to $2.30 billion and lifting adjusted EPS from $1.32 to $1.42.

Norwegian Cruise Line also announced its Charting the Course strategy and new 2026 financial targets. By the end of 2026, the company targets: adjusted operational EBITDA margin of approximately 39%, adjusted EPS of approximately $2.45, representing a 2-year CAGR from 2024 to 2026 of over 30%, a reduction of net leverage to the mid-four turn levels; and record adjusted ROIC of 12% exceeding pre-2020 levels.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

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WASHINGTON (dpa-AFX) - Textron Systems Corp., affiliated to Textron Inc. (TXT) company, announced Monday a collaboration with Kodiak Robotics, Inc., a self-driving technology developer for the trucking and defense markets, to develop an uncrewed military ground vehicle specifically designed for driverless operations.

In pre-market activity on the NYSE, Textron shares were losing around 2.2 percent to trade at $87.17.

The vehicle, intended for advanced terrain environments, will be designed without space for a driver.

Under the deal, Kodiak will integrate its autonomous system, the Kodiak Driver, into a Textron Systems prototype, purpose-built uncrewed military vehicle. The firms expect to demonstrate driverless operations later in 2024.

The companies expect to bring cutting-edge artificial intelligence or AI powered, autonomous technologies to military customers.

The system being developed by the companies will operate using the same core technology that's embedded within Kodiak's autonomous long-haul trucks, which have been validated across nearly 3 million miles of real-world operations.

The vehicle will also feature Kodiak DefensePods, an adapted version of Kodiak's modular, swappable SensorPods, designed for military use.

Afterwards, Textron Systems and Kodiak intend to jointly explore future opportunities with both the U.S. DoD and the militaries of other allied nations.

In December 2023, Kodiak launched its first autonomous test vehicle designed specifically for the DoD, a Ford F-150 upfit with Kodiak's autonomous technology.

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WASHINGTON (dpa-AFX) - OSI Systems, Inc. (OSIS) Monday announced that its Optoelectronics and Manufacturing division has received an order worth around $7 million for portable health monitoring devices.

The company has not revealed the client. OSI said it is committed to continuing support for demands in the growing area of consumer health diagnostic solutions to its long-standing customer.

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WASHINGTON (dpa-AFX) - Overseas Shipholding Group, Inc. (OSG), a provider of liquid bulk transportation services for crude oil and petroleum products, and Saltchuk Resources, Inc., a privately held multi-purpose company, announced on Monday that they inked a merger deal to allow Saltchuk to acquire OSG for $950 million.

Under the terms, Saltchuk will commence a tender offer to acquire all shares of OSG for $8.50 per share in cash. The acquisition will be funded through a combination of debt and cash on hand.

The purchase price represents a 61 percent premium to OSG's 30-day volume-weighted average price on January 26, as well as a 44 percent premium to the January 26 closing price of OSG's stock, and a 36 percent premium to Saltchuk's initial indicative price of $6.25 per share.

Post transaction, OSG will operate as a standalone business unit within Saltchuk.

OSG was trading up by 20.26 percent at $8.25 in the pre-market trade on the New York Stock Exchange.

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WASHINGTON (dpa-AFX) - Dyne Therapeutics, Inc. (DYN) Monday announced positive data from its Phase 1/2 ACHIEVE study of DYNE-101 in patients with myotonic dystrophy type 1 (DM1) and Phase 1/2 DELIVER study of DYNE-251 in patients with Duchenne muscular dystrophy (DMD).

In the ACHIEVE trial, DYNE-101 showed robust muscle delivery and dose-dependent, consistent splicing correction while also showing improvement in multiple functional endpoints and patient reported outcomes. Additionally, DYNE-101 demonstrated a favorable safety profile with no serious treatment emergent adverse events.

In DELIVER study in patients with Duchenne muscular dystrophy who are amenable to exon 51 skipping, 3.2 percent mean unadjusted dystrophin expression was observed at 6 Months in patients who received DYNE-251 once every four weeks for 6 months. This is 10 times higher level of dystrophin than reported for weekly administered standard of care. Also, DYNE-251 demonstrated trends in functional improvement in North Star Ambulatory Assessment (NSAA), time to rise from floor, 10-meter walk/run time, and stride velocity 95th centile (SV95C).

Dyne said it plans to continue to pursue expedited approvals for both DYNE-101 and DYNE-251 with update on registrational pathways expected by year-end.

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WASHINGTON (dpa-AFX) - Biopharmaceutical company ANI Pharmaceuticals, Inc. (ANIP) announced Monday the launch of Kionex (Sodium Polystyrene Sulfonate Suspension USP) for Oral or Rectal use.

Kionex Suspension is the only commercially available therapeutically equivalent to the reference listed drug (RLD) SPS Suspension for Oral or Rectal use.

The U.S. annual sales for Sodium Polystyrene Sulfonate Oral / Rectal Suspension total approximately $30.3 million, based on March 2024 moving annual total (MAT) IQVIA data.

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MINNEAPOLIS (dpa-AFX) - Retail major Target Corp. announced its plans to lower everyday regular prices on around 5,000 frequently shopped items across its assortment during summer.

The reduced prices will be offered on everyday items needed to run consumers' households and maximize their budgets as they await Memorial Day and Fourth of July holidays as well as back-to-school and back-to-college season.

The retailer, which operates nearly 2,000 stores and online, said it has just reduced prices on about 1,500 items, and expects thousands more price cuts to take effect over the course of the summer, helping consumers save millions of dollars.

The daily items under the offer include milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper towels, pet food and more. Target said these new price reductions are on top of the retailer's everyday low prices.

The Minneapolis-based company noted that price reductions are already in place at many Target locations and online ahead of Memorial Day for Good & Gather Frozen Chicken Breast, Prime Hydration Ice Pop Sports Drinks, Johnsonville Cheddar Smoked Sausages and Good & Gather Shredded Cheese.

There will also be separate Memorial Day discounts across dozens of national brands to help consumers celebrate the holiday. Additional price reductions will be there across popular Target owned brands like Good & Gather and Everspring in major departments of food and beverage, household essentials, health and beauty products and others.

New prices will be reflected in-store with easy-to-see red tags, as well as online at Target.com and the Target app.

The products with price cuts include, among other things, Good & Gather Unsalted Butter and Organic Baby Spinach; Prime Hydration Sports Drinks; Jack's Frozen Pepperoni Pizza; Thomas' Plain Bagels; Pepperidge Farm Goldfish Cheddar Flavor Blasted Crackers; Good & Gather Sea Salt Roasted Nuts; Clorox Scented Wipes; Huggies Baby Wipes; Aveeno SPF 50 Sunscreen; Persil Liquid Laundry Detergent; and Purina One Chicken & Gravy Cat Food.

Consumers will get an extra 5% savings if they pay with Target Circle Card.

Rick Gomez, executive vice president and chief food, essentials and beauty officer, Target, said, 'We know consumers are feeling pressured to make the most of their budget, and Target is here to help them save more. ... and these new lower prices across thousands of items will add up to additional big savings for the millions of consumers that shop Target each week for their everyday needs.'

The retailer recently reintroduced Target Circle, its free-to-join membership program, which now applies deals automatically at checkout, and features member-exclusive sales throughout the year.

Target in February unveiled its new low-price owned brand Dealworthy, which includes everyday basics, with prices starting at less than $1 and most items under $10.

The company relaunched and expanded its everyday essentials brand up&up recently that includes more than 2,000 items, most under $15. Earlier in January, the company had unveiled more than 1000 wellness products that start at just $1.99.

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SOUTH SAN FRANCISCO (dpa-AFX) - The UK's Competition and Markets Authority or CMA said on Monday that it decided to investigate the planned acquisition by Roche Diagnostics Limited ((RHHBY)) of certain entities held by LumiraDx Group Limited (LMDX) and LumiraDx International Limited.

The market regulator intends to find whether the deal may result in lessening of completion in the UK and other markets for goods and services.

As part of the move, the market regulator has issued a preliminary 'invitation to comment' to allow interested parties to submit their views on the impact that the transaction that could have on competition in the UK.

'The CMA has not yet launched its formal investigation into this transaction. This invitation to comment is the first part of the CMA's information-gathering process,' CMA said in a statement.

Last year, LumiraDx had announced it plans sell certain companies related to LumiraDx's innovative point-of-care technology to Roche.

Under the terms of the deal, Roche will pay a purchase price of $295 million and an additional payment of up to $55 million for the reimbursement of amounts to fund the point of care diagnostics platform business until the closing of the acquisition.

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LONDON (dpa-AFX) - Bank of England's Deputy Governor Ben Broadbent said the interest rate could be cut some time over the summer.

The outgoing deputy governor said if things continue to evolve as expected, then the policy will have to become less restrictive at some time.

He observed that the direct effect on inflation of the pandemic and the Ukraine war has faded. The economy is undergoing more persistent, second-round effects of earlier surge on domestic inflation, Broadbent noted.

'However, how long these persist is unclear,' said Broadbent.

The unwinding of the inflationary shock is likely to be asymmetric and it means that second-round effects in domestic prices and wages will take longer to unwind that they did to emerge, the banker added.

Bank's agents reported that firms fell less able than they did last year to pass through in full higher wage costs.

'And if the origin of these second-round effects is the squeeze in real incomes in 2022, their recovery this year may matter,' Broadbent said. 'The more that's regained, the less ground, relative to some notional 'norm', there is to make up,' he added.

At the May monetary policy committee meeting, policymakers left the key rate unchanged for the sixth consecutive meeting and signaled that the first rate cut since 2020 is on the horizon.

The bank rate currently stands at 5.25 percent, the highest since early 2008.

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PRAG (dpa-AFX) - The Czech Republic's industrial producer prices increased for the first time in four months in April, figures from the Czech Statistical Office showed on Monday.

The industrial producer price index rose 1.4 percent year-on-year in April, following a flat change in the previous month.

Among the main industrial groupings, prices for energy goods increased the most by 5.7 percent from last year, and those for capital goods were 4.1 percent more expensive. Meanwhile, prices for intermediate goods dropped 3.6 percent.

Excluding energy, industrial producer prices declined 0.4 percent at the start of the second quarter.

On a monthly basis, producer prices edged up 0.2 percent in April, reversing a 0.1 percent fall in March.

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ROME (dpa-AFX) - Italy's construction output decreased for the second straight month in March, according to the provisional data released by the statistical office Istat on Monday.

Construction production declined 1.9 percent month-on-month in March, though slower than the 3.0 percent decrease in the previous month.

The annual growth in construction output moderated a 10-month low of 3.8 percent in March from 7.4 percent a month ago.

On an unadjusted basis, construction production declined 5.1 percent from last year, versus a 12.4 percent surge in February. Further, this was the first fall in almost a year.

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BEIJING (dpa-AFX) - China central bank retained its benchmark lending rates as expected on Monday after the government rolled out measures to support the property market.

The People's Bank of China left the one-year loan prime rate unchanged at 3.45 percent.

Likewise, the five-year LPR, the benchmark for mortgage rates, was maintained at 3.95 percent. The five-year LPR was last lowered by 5 basis points in February to support the property market.

The PBoC fixes the LPR monthly based on the submission of 18 designated banks. However, Beijing has influence over the fixing. The LPR replaced the traditional benchmark lending rate in August 2019.

The interest rate decision came in line with expectations as the medium-term lending facility, which acts as a guide to loan prime rates, was left unchanged last week. The bank had conducted the CNY 125 billion of one-year MLF facility at an interest rate of 2.5 percent.

Last week, China also started a CNY 1 trillion special long term government bonds issuance that is intended to fund strategic projects.

Official data showed that China's industrial output growth accelerated to 6.7 percent in April driven by robust exports. However, growth in retail sales softened to 2.3 percent reflecting an uneven economic recovery necessitating more efforts from the part of the government to achieve the official growth target.

The recent projections from the Organization for Economic and Co-operation and Development revealed that Beijing is likely to miss the official target of about 5 percent growth this year. The second-largest economy is forecast to grow 4.9 percent this year and 4.5 percent in 2025.

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TOKYO (dpa-AFX) - Japan's tertiary activity index decreased unexpectedly in March after rebounding in the previous month, according to data from the Ministry of Economy, Trade, and Industry on Monday.

The seasonally adjusted tertiary activity index dropped 2.4 percent month-on-month in March, reversing a 2.2 percent rise in December. Meanwhile, economists had expected a 0.1 percent increase.

Among the individual components, transport and postal activities, wholesale trade, information and communications, retail trade, finance and insurance, living and amusement-related services, goods rental and leasing, medical, and health care decreased in March.

On the other side, electricity, gas, heat supply and water, business-related services, and real estate increased.

On a yearly basis, the tertiary activity index declined 0.6 percent in March, in contrast to a 3.2 percent gain in the previous month.

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HONG KONG (dpa-AFX) - Malaysia will on Monday release April figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to climb 16.4 percent on year, up from 12.5 percent in March. Exports are called higher by an annual 13.4 percent following the 0.8 percent contraction in the previous month. The trade surplus is pegged at MYR11.70 billion, down from MYR12.80 billion a month earlier.

Thailand is scheduled to release Q1 figures for GDP, with forecasts suggesting an increase of 0.6 percent on quarter and 0.8 percent on year. Thet follows the 0.6 percent quarterly contraction and the 1.7 percent yearly gain in the three months prior.

Japan will see March results for its tertiary industry activity index; in February, the index rose 1.5 percent on month to a reading of 0.60.

Taiwan will provide April data for export orders and Q1 numbers for current account. Export orders are expected to rise 4.5 percent on year, up from 1.2 percent in March. The current account surplus in the three months prior came in at $34.84 billion.

Hong Kong will see unemployment figures for April, with the jobless rate expected to hold steady at 3.0 percent.

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WASHINGTON (dpa-AFX) - Suggesting softer economic conditions lay ahead, the Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of April.

The Conference Board said its leading economic index fell by 0.6 percent in April after dipping by 0.3 percent in March. Economists had expected the index to decrease by another 0.3 percent.

'Deterioration in consumers' outlook on business conditions, weaker new orders, a negative yield spread, and a drop in new building permits fueled April's decline,' said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. 'In addition, stock prices contributed negatively for the first time since October of last year.'

The report said the leading economic index contracted by 1.9 percent over the six-month period between October 2023 and April 2024, a smaller decrease than the 3.5 percent decline over the previous six months.

'While the LEI's six-month and annual growth rates no longer signal a forthcoming recession, they still point to serious headwinds to growth ahead. Indeed, elevated inflation, high interest rates, rising household debt, and depleted pandemic savings are all expected to continue weighing on the US economy in 2024,' said Zabinska-La Monica.

She added, 'As a result, we project that real GDP growth will slow to under 1 percent over the Q2 to Q3 2024 period.'

The Conference Board said the coincident economic index rose by 0.2 percent in April, matching the uptick seen in March, while the lagging economic index increased by 0.4 percent in April after remaining unchanged in March.

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