Top After-Hours Stock Moves: Chesapeake Energy, F5, Lattice Semiconductor & More
Business

Top After-Hours Stock Moves: Chesapeake Energy, F5, Lattice Semiconductor & More

Related media - Breaking news After the close, several stocks experienced significant movements, catching the attention of investors and market analysts. Among the most notable were Chesapeake Energy, F5, and Lattice Semiconductor, among others. Here, we delve into the details of these post-market swings and what they could mean for the future. Chesapeake Energy Chesapeake Energy saw a substantial increase in its stock price after hours. The surge can be attributed to the company's recent announcement of better-than-expected quarterly earnings. Chesapeake's strong performance in its natural gas and oil segments has reassured investors about its long-term growth potential. Analysts have revised their price targets upward, reflecting increased confidence in the company's strat...
Philips shares rise 10.5% on strong second-quarter sales despite weakness in China
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Philips shares rise 10.5% on strong second-quarter sales despite weakness in China

More news - Latest news Shares in Dutch company Philips rose more than 10.5% on Monday morning after it reported second-quarter earnings that beat analysts' expectations. As of 9.32am London time, the stock had seen a slight decline, up 10.45%. Philips reported a 2% increase in group comparable sales to €4.5 billion ($4.88 billion), mainly driven by strong demand in North America, while sales in China declined. The company, known for its medical devices and personal care products such as electronic toothbrushes, also saw a 9% increase in comparable orders during the quarter. Philips attributed the muted demand in China to the country’s push for self-sufficiency in critical technologies, including healthcare, amid rising tensions with the United States. Nonetheless, the company said C...
Legendary Father-Son Duos in Sports: A Legacy of Excellence
Sports

Legendary Father-Son Duos in Sports: A Legacy of Excellence

Related media - Recent news The world of sports has seen many extraordinary father-son pairs, each leaving an indelible mark on their respective fields. From basketball to football, baseball to racing, these pairs have not only displayed individual brilliance, but also a shared legacy of excellence. Let's explore some of the most iconic father-son pairs in sports history. LeBron and Bronny James LeBron James has cemented his status as an NBA legend, recently becoming the league's all-time leading scorer. With 20 All-Star selections, four MVP awards and four Finals MVP titles, his career spans 21 seasons, including six with the Lakers. His son, Bronny, was drafted 55th overall by the Lakers this year, becoming the first father-son duo to play on the same NBA team at the same time. Arc...
GM Launches Most Powerful Chevy Corvette Ever: The 2025 ZR1
Business

GM Launches Most Powerful Chevy Corvette Ever: The 2025 ZR1

More news - News 24 hours DETROIT — General Motors has unveiled the latest version of its iconic sports car, the Chevrolet Corvette, set to become the most powerful model in the brand’s history. The 2025 Chevy Corvette ZR1 will feature a 5.5-liter twin-turbo V8 engine that produces over 1,000 horsepower and 828 pound-feet of torque. This significant increase in power positions the ZR1 among the elite supercars, typically priced in the hundreds of thousands of dollars. “This car accelerates like a freight train,” noted Tadge Juechter, Corvette’s executive chief engineer since 2006, at a recent media event. “We expect this to be the fastest car we’ve ever built, by a considerable margin.” The previous record holder for most powerful Corvette was the 2019 ZR1, which boasted 755 horsepow...
UK regulator fines Coinbase’s UK arm .5 million for high-risk customer breaches
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UK regulator fines Coinbase’s UK arm $4.5 million for high-risk customer breaches

Related media - Latest news Coinbase’s UK subsidiary has been fined £3.5 million ($4.5 million) by British regulators for breaching an agreement aimed at preventing the cryptocurrency exchange from taking on high-risk customers. The Financial Conduct Authority (FCA) has imposed the fine on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, which operates a global cryptocurrency trading platform. The fine comes after CBPL breached a voluntary agreement it entered into in October 2020 to avoid taking on and offering services to high-risk clients. The FCA reported that CBPL served 13,416 high-risk customers despite the settlement, with 31% of those customers depositing approximately $24.9 million. Those funds were used to make withdrawals and conduct cryptocurrency transactions...
Warner Bros. Discovery Sues NBA Over Media Rights Dispute With Amazon
Business

Warner Bros. Discovery Sues NBA Over Media Rights Dispute With Amazon

Related media - Recent news Warner Bros. Discovery has filed a lawsuit against the NBA to secure the rights to broadcast a package of live games, challenging the league’s decision to award those rights to Amazon. “Due to the NBA’s unjustified rejection of our game against a third-party offer, we have initiated legal proceedings to enforce our rights,” said TNT Sports, a unit of Warner Bros. Discovery. “We firmly believe this is not only our contractual right, but also the best service for fans who prefer our flexible and widely accessible platforms, including TNT and Max.” The media company seeks to block the NBA from finalizing the deal with Amazon or seeking monetary damages for the infringement. Earlier this week, the NBA announced deals with Disney, ComcastNBCUniversal and Amazon...