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IESC News30 articles
IES Holdings Surges 33% as Data Center Arm Drives Profits
IES Holdings (IESC) shares surged 33% after reporting Q3 results, with data center segments generating 92% of segment operating income.
US Sanctions 8 Canadian Money Services Firms Over Iran Ties
The US sanctioned eight Canadian money-services firms for alleged Iran-linked deals, listing six crypto addresses on TRON. Half of the firms have no wallet identifiers.
Gold Surpasses $4,000 as Central Bank Buying and Fiscal Worries Fuel Rally
Gold surged past $4,000 an ounce on Wednesday, fueled by a weaker dollar and fiscal worries, while a new report shows central bank buying remains robust.
Oil Prices Slide Despite Sharp Drop in U.S. Distillate Inventories
Oil prices fell Wednesday despite a U.S. inventory report showing a sharp draw in distillate supplies. WTI dropped $2.19 to $93.90, while distillate stocks fell 3.6 million barrels.
Dow Rallies 1,325 Points as Election Results Boost Markets
The Dow surged 1,325 points Wednesday morning, 6.7 times Tuesday's decline, as election results suggested Democratic control of Congress. Treasury refunding and yield moves also drew attention.
SpaceX Secures $40B GPU Debt for Q1-Q2 AI Deliveries
SpaceX has closed $40 billion in debt financing for GPU purchases, with deliveries slated for Q1 and Q2, according to Elon Musk. The AI buildout continues to dominate capital spending.
S&P 500 Gains Mask Weak Breadth as Yields Pressurize Equities
S&P 500 up 0.59% but equal-weight index down 0.28%; tech and consumer discretionary lead, utilities and real estate fall as 10-year yield hits 5.148%.
Tech Selloff Defies Falling Yields; AI Capex Scrutiny Looms
The Nasdaq fell 4.5% even as yields declined, signaling a shift from rate concerns to earnings quality. AI spending and margins will be tested as major tech earnings arrive.
Bank Earnings Propel Dow, Tech Slumps on AI Credit Worries
Dow outperforms Nasdaq as bank earnings lift financials, while AI credit worries pressure tech. S&P 500 flat, yields rise.
S&P 500 Rallies as Broad Gains Offset Telecom Rout
U.S. stocks closed higher Friday, with the S&P 500 up 0.59% to 7,811.54, just shy of its record, as broad participation outweighed a sharp drop in telecom stocks.
Utilities Rally Powers S&P 500 to New Heights as Small Caps Lag
The S&P 500 rose to a record close as utilities led gains on a nuclear power deal, while small caps fell and oil rebounded above $100.
UK Diesel Hits Fresh Peak at 199.18p, Nearing £2 Mark
UK diesel prices reached a new record high of 199.18p per litre, just below the £2 mark, as supply concerns and refinery closures push costs up.
Australian Fuel Prices Surge: Diesel Up A$9.45 Per Fill
Australian diesel prices surged A$9.45 per 50-litre fill in a week, hitting 286.8c/L. Qantas (ASX:QAN) faces A$3.6B fuel bill. Petrol also rose 6%.
Winning Over Wealth: Sports Owners Prioritize Trophies, Says Rubenstein
David Rubenstein says sports owners prioritize winning over profit. Listed teams like BATRK, MSGS, and MANU trade at rich multiples but show mixed cash generation.
Refiners Rally as Trump Weighs Diesel Export Limits
Valero and Marathon Petroleum shares advanced as traders downplay the likelihood of a full diesel export ban, despite record U.S. pump prices and tight distillate inventories.
Micron Rallies 3.2% Ahead of Earnings, 86% Margin in Focus
Micron shares gained 3.2% to $1,076.98 on Tuesday, eight days before fiscal Q4 results. The company's 86% gross margin and $50 billion revenue guidance face a critical test on September 30.
Samsung Electro-Mechanics Rallies 4% but KB's Target Still 102% Away
Samsung Electro-Mechanics closed 4% higher at KRW1.486m after an 8.3% intraday jump faded. KB Securities forecasts record Q3 operating profit of KRW660.1bn, but its KRW3m target implies 102% upside and hinges on a 17.2% margin.
Robinhood Rallies 2.9% as Bernstein's $160 Target Defies 54.5x P/E
Robinhood rose 2.9% to $123.30, extending a two-day gain of 12.3%. Bernstein's $160 target implies 29.8% upside, but the stock trades at 54.5x trailing earnings.
Porsche Shares Slide as CEO Denies Additional Job Cuts
Porsche shares dropped 2% as CEO Leiters refuted reports of further job cuts, but Volkswagen's €6B impairment keeps profitability concerns alive.
Nu Holdings Stock Split: 33% ROE vs Rising Delinquencies
Nu Holdings (NU) closed at $13.65 Friday, down 1.37%. With 33% ROE but rising delinquencies, investors weigh growth against credit risk.
Beats Studio Pro Hits $149 at Walmart, Signaling Accessories Recovery
Walmart slashed Beats Studio Pro to $149, 57.4% off list. Apple's accessories growth is uneven, raising questions about pricing power.
Industries Qatar Drops 3.7% as Gulf Tensions Resurface
Industries Qatar shares fell 3.7% on Sunday as Gulf tensions resurfaced, erasing most of Thursday's gains. First-half sales volume dropped 46% despite higher prices.
Oracle's $18B Data-Center Debt Stirs Financing Worries
Oracle's $18B data-center loans for Project Jupiter are quoted at 89-91 cents, raising financing concerns as shares fell 1.98% to $147.61.
Bitcoin Steadies Above $81K; Friday ETF Inflow Masks Flat Weekly Performance
Bitcoin trades above $81,000 after a volatile week. Friday's $433 million ETF inflow, concentrated in Fidelity's FBTC, barely offset midweek outflows, leaving weekly net flows nearly flat.
Australia's Diesel Stockpile Dips as Fuel Costs Escalate
Australia has 31 days of diesel supply, but prices are soaring. The government extends stockholding relief, while Ampol and Viva Energy face mixed impacts.
Boeing 787-9 Back in Service as United Jet Returns to Skies
A United Airlines 787-9 that faced early maintenance issues is back in service, with no fleet-wide grounding. Boeing and United shares show no market shock.
MSTR Surges 15.8% as Leverage Amplifies Bitcoin Rally
Strategy (MSTR) rallies 15.8% as Bitcoin gains 6.35%, but the move reflects leverage, not new purchases. Investors should focus on net asset value after senior claims.
BrewDog Creditors Face Pennies on the Pound After Tilray Acquisition
BrewDog plc unsecured creditors are set to recover under 1p per pound, while bar business creditors get nothing. Tilray's £33M acquisition leaves old shareholders empty-handed.
Christmas Central Parent Gordon Companies Files Chapter 11
Gordon Companies, parent of Christmas Central, filed Chapter 11 amid seasonal peak, with liabilities up to $50M, planning to continue operations.
Apple Launches AirPods 5 at $129 with ANC, Aiming to Revive Accessories Growth
Apple's AirPods 5 hit stores Friday at $129, featuring active noise cancellation. The launch tests the company's slow-growing accessories segment, with shares flat in premarket.