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Credo shares surge after 64% jump in revenue, narrowed quarterly loss

-- Credo Technology Group Holding Ltd (NASDAQ:CRDO) on Monday reported a 64% surge in second-quarter revenue, driven by robust demand for its connectivity solutions...

Canada stocks lower at close of trade; S&P/TSX Composite down 0.22%

– Canada stocks were lower after the close on Monday, as losses in the Healthcare, Materials and Energy sectors led shares lower. At the close in Toronto, the...

Zscaler soft guidance overshadows Q1 earnings, revenue beat

-- Zscaler reported Monday softer current-quarter guidance that overshadowed better-than-expected fiscal first-quarter results and a lift to annual guidance. Zscaler...

Brazil stocks lower at close of trade; Bovespa down 0.09%

– Brazil stocks were lower after the close on Monday, as losses in the Real Estate, Electric Power and Public Utilities sectors led shares lower. At the close in Sao...

GM to sell Lansing battery plant stake to LG Energy Solution

General Motors (NYSE:GM) announced on Monday that it will sell its share of the joint venture battery plant in Lansing, Michigan, to its partner LG Energy Solution. The automaker...

Microchip Technology revises revenue outlook, plans fab closure; shares drop

Microchip Technology (NASDAQ:MCHP) has announced a revision to its revenue guidance for the December 2024 quarter, projecting figures closer to the lower end of its original...

Russia stocks higher at close of trade; MOEX Russia Index up 0.30%

– Russia stocks were higher after the close on Monday, as gains in the Mining, Power and Oil & Gas sectors led shares higher. At the close in Moscow, the MOEX Russia...

Tyson Foods to shut down Kansas meat plant, over 800 jobs affected

Tyson Foods Inc (NYSE:TSN), the largest U.S. meat company by sales, is set to permanently close its meat plant in Emporia, Kansas. This closure will impact more than 800...

J&J baby powder lawsuits stay paused amid bankruptcy trial plans

Litigation alleging that Johnson & Johnson (NYSE:JNJ)'s baby powder is linked to ovarian cancer will continue to be suspended at least until mid-March. This decision comes as a...

Fidelity fund boosts stake in Musk's X Holdings by 32% in October

Fidelity Investments' Blue Chip Growth Fund has increased the valuation of its equity stake in X Holdings Corp., the parent company of the social network, by over 32% for the month...

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