Lumentum’s stock surges, giving a further boost to the optical-networking trade
Excitement is building for Coherent’s earnings report after upbeat results from Lumentum.
Excitement is building for Coherent’s earnings report after upbeat results from Lumentum.
Swiss Re AG’s first-half profit beat estimates as the reinsurer saw all key business units perform in line with targets, while the firm announced a fresh round of cost cuts. Profit for the second quarter was $1.3 billion, resulting in net income of $2.8 billion for the six months to June, the Zurich-based company said…
Ares Capital (ARCC -1.73%) just reported its second-quarter financial results and declared its latest dividend payment. The business development company (BDC) maintained its current quarterly rate of $0.48 per share. That officially extended its streak to 17 years of dividend stability and growth. It’s one of the few BDCs that hasn’t cut its dividend over…
Anthropic’s Mythos model created fake online identities as it looked to pressure humans into approving malicious code updates to an open source project, marking yet another cyber incident carried out by a frontier AI system. The incident happened during a cyber evaluation where the U.K.-based AI Security Institute (AISI), a research body, had removed safeguards,…
The US just sweltered through the warmest month ever recorded. The average temperature for the US mainland reached 76.9F (24.9C) in July, the National Oceanic and Atmospheric Administration said on Monday. The US government has been tracking temperatures for 132 years. July’s average was around three degrees higher than the 20th-century average. It also exceeded…
Blackstone’s assets under management climbed to $1.35tn in the second quarter as strong fundraising and gains from artificial intelligence-related investments helped the alternative asset manager outperform earnings expectations, according to a report by Reuters. Distributable earnings rose 26% year-on-year on a per-share basis to $1.52, beating the $1.35 consensus estimate compiled by LSEG. The results…
London equity markets registered immediate gains across defence and aerospace contractors after Prime Minister Andy Burnham appointed former Defence Secretary John Healey as Chancellor of the Exchequer. Shares in major prime contractors advanced as institutional investors priced in expectations of an accelerated timeline for UK defence capital allocation. Healey’s transition to Number 11 Downing Street…