TikTok reached a deal with a group of investors to form a new joint venture for its US business, according to an internal memo viewed by Business Insider. The deal comes more than a year after Congress passed a law that forced its owner, ByteDance, to divest from its US operations or face a ban, because TikTok was deemed a "foreign adversary-controlled" company.The new US joint venture will operate independently in areas like US data protection and training its content recommendation algorithm while still ...

Bridgeline Digital, Inc. (BLIN) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to a loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.07, delivering a surprise of -40%.Over the last four quarters, the company ha ...

FedEx (FDX) came out with quarterly earnings of $4.82 per share, beating the Zacks Consensus Estimate of $4.07 per share. This compares to earnings of $4.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +18.43%. A quarter ago, it was expected that this package delivery company would post earnings of $3.65 per share when it actually produced earnings of $3.83, delivering a surprise of +4.93%.Over the last four quarters, the c ...

BlackBerry on Thursday raised the lower end of its fiscal 2026 revenue forecast, signalling strong demand for its cybersecurity software as companies ramp up spending to counter increasingly sophistic... ...

US stock futures edged higher on Friday after snapping a recent losing streak, as signs of cooling inflation and waning AI worries buoyed Wall Street optimism toward the tail end of a topsy-turvy week. S&P 500 futures (ES=F) put on 0.1%, and contracts on the Nasdaq 100 (NQ=F) gained roughly 0.2%, looking to build on Thursday's roaring rally. Meanwhile, Dow Jones Industrial Average futures (YM=F) clung to the flatline. Investors have gotten through a catch-up week for economic data with next year's rate- ...

US stocks rose on Friday after snapping a recent losing streak, as signs of cooling inflation and waning AI worries buoyed Wall Street optimism toward the tail end of a topsy-turvy week. The S&P 500 (^GSPC) put nearly 0.4%, and the Nasdaq Composite (^IXIC) gained roughly 0.5%, looking to build on Thursday's roaring rally. The Dow Jones Industrial Average (^DJI) ticked up 0.3%. The inflation data on Thursday provided the latest spark Wall Street had been searching for, as the Consumer Price Index found infla ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

FRANKLIN, Tenn.--(BUSINESS WIRE)--Kaiser Aluminum Corporation (NASDAQ: KALU) (the "Company" or "Kaiser Aluminum") today announced that Hugh (Jack) J. Barger, III has been appointed as the Company's Executive Vice President – Sales and Marketing, effective January 1, 2026. This transition is part of the Company's succession planning with Mr. Barger assuming the role and responsibilities of Blain A. Tiffany, the Company's current Executive Vice President – Sales and Marketing in connection with h. ...

Core Insights - Scholastic reported quarterly earnings of $2.57 per share, exceeding the Zacks Consensus Estimate of $2.07 per share, and showing an increase from $1.82 per share a year ago, resulting in an earnings surprise of +24.15% [1] - The company posted revenues of $551.1 million for the quarter ended November 2025, which was slightly below the Zacks Consensus Estimate by 1.01%, but an increase from $544.6 million year-over-year [2] - Scholastic's stock has increased by approximately 34.3% since the beginning of the year, outperforming the S&P 500's gain of 14.3% [3] Earnings Outlook - The future performance of Scholastic's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is -$0.55 on revenues of $347.27 million, and for the current fiscal year, it is $0.91 on revenues of $1.65 billion [7] Industry Context - The Publishing - Books industry, to which Scholastic belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, indicating potential challenges ahead [8]

Core Viewpoint - The company experienced a significant drop in stock price after discontinuing the development of a drug for chronic sinusitis, which failed to meet trial endpoints, despite a year-to-date increase of 141% and a market cap exceeding $35 billion [1][2]. Group 1: Drug Development and Market Impact - The discontinued drug was expected to generate sales of approximately $3 to $5 billion, with some estimates as high as $5 billion [3][4]. - The company still holds optimism for another drug, Brenzo, which is projected to achieve close to $10 billion in sales despite the recent setback [7]. - The probability of success for the next indication, a rare skin disease, is considered low, below 30% [6]. Group 2: Acquisition and Future Prospects - The recent acquisition of an antibody was seen as an attempt to bolster the pipeline, although it raised questions due to the timing of the announcement [8][9]. - Analysts suggest that the current stock price pullback to $165 presents a potential buying opportunity, with models indicating that the valuation is not excessive [10]. - Future growth is anticipated to be more modest, with expectations of a 20% to 30% increase rather than the previous year's 140% [11].