BREAKING: Quanex Building Products Sued For Securities Fraud; Investors Should Contact Block & Leviton to Potentially Recover Losses
Globenewswire· 2025-09-19 19:11
Core Viewpoint - A securities fraud lawsuit has been filed against Quanex Building Products Corporation and certain executives following disappointing financial results and allegations of misleading investors regarding operational issues at its Tyman facility [1][2][3]. Financial Performance - On September 4, 2025, Quanex reported a diluted EPS of ($6.04), a significant decline from $0.77 in the same quarter the previous year, attributed to ongoing operational issues at the Tyman hardware facility in Mexico [2]. - The company's stock price fell over 23% in two trading days following the earnings announcement [2]. Allegations - The lawsuit claims that Quanex misled investors by not disclosing the poor condition of the Tyman facility, the associated risks, and the negative impact on expected cost savings and integration benefits [3]. Eligibility for Lawsuit - Investors who purchased Quanex common stock between December 12, 2024, and September 5, 2025, and experienced a decline in share value may be eligible to participate in the lawsuit [4]. Next Steps for Investors - The deadline to seek appointment as lead plaintiff is November 18, 2025, and a class has not yet been certified [5]. Whistleblower Information - Individuals with non-public information about Quanex are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [6]. Firm Background - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
Travel tech firm Navan makes US IPO filing public
Reuters· 2025-09-19 19:09
Corporate travel and expense company Navan on Friday made public its paperwork for an initial public offering in the U.S. ...
Q2 Earnings Review: An 'Expensive' Quarter For WhiteFiber (NASDAQ:WYFI)
Seeking Alpha· 2025-09-19 19:08
Back in August, Bit Digital ( BTBT ) spun out its HPC/AI subsidiary business, WhiteFiber (NASDAQ: WYFI ), through an IPO at $17 per share. The company recently released its first quarterly report as a standalone public entityFormer media research analyst. Main coverage areas are crypto, BTC miners, metal, and media equities. I'm not an investment advisor. I just share what I do with my own capital and why. Outside of Seeking Alpha, I also write the Heretic Speculator newsletter over at Substack.Analyst’s Di ...
Q2 Earnings Review: An 'Expensive' Quarter For WhiteFiber
Seeking Alpha· 2025-09-19 19:08
Core Insights - Bit Digital (BTBT) spun out its HPC/AI subsidiary, WhiteFiber (NASDAQ: WYFI), through an IPO at $17 per share in August [1] - WhiteFiber has recently released its first quarterly report as a standalone public entity [1] Company Overview - Bit Digital is involved in the cryptocurrency sector, particularly focusing on Bitcoin miners and related equities [1] - The company has transitioned its HPC/AI business into a separate entity, indicating a strategic move to enhance focus and potentially unlock value [1] Financial Performance - The quarterly report from WhiteFiber marks its initial financial disclosure as an independent company, which is crucial for assessing its market performance and growth trajectory [1]
Grayscale Officially Launches First Multi-Crypto ETP
Etftrends· 2025-09-19 19:07
Grayscale Investments launched the first multi-asset crypto exchange-traded product (ETP) today that provides exposure to the top five largest and most liquid coins: the Grayscale CoinDesk Crypto 5 ET... ...
A High Yield Muni ETF to Ponder After a Rate Cut
Etftrends· 2025-09-19 19:07
Core Viewpoint - The Federal Reserve's recent rate cut of 25 basis points was largely anticipated by capital markets, but it has introduced uncertainty regarding the future direction of monetary policy [1] Group 1 - The rate cut of 25 basis points indicates a shift in the Federal Reserve's approach to interest rates, reflecting current economic conditions [1] - The decision to cut rates may influence borrowing costs and consumer spending, potentially impacting various sectors of the economy [1] - Market participants are left speculating on the aggressiveness of future rate adjustments, which could affect investment strategies [1]
IPX1031 Executive Craig Brown, Esq. Named President of the Federation of Exchange Accommodators
Globenewswire· 2025-09-19 19:05
Group 1 - IPX1031 announces Craig Brown as the new President of the Federation of Exchange Accommodators (FEA), starting his term on September 17, 2025 [1][3] - The FEA is the only national trade association representing 1031 professionals, focusing on ethical standards, education, and advocacy for Section 1031 [2] - Craig Brown emphasizes the importance of protecting and advancing 1031 Exchanges for economic growth and job creation [3][4] Group 2 - Craig Brown has over 25 years of experience in Tax-Deferred Exchanges and has held multiple leadership roles within IPX1031 and the FEA [4] - IPX1031 is the largest and most secure Qualified Intermediary in the U.S., providing unmatched service and expertise in facilitating 1031 Tax-Deferred Exchanges [6] - The company is a subsidiary of Fidelity National Financial, offering financial strength and advanced technology to protect Exchange funds [6]
Equinor's Orsted Investment Is Intelligent (NYSE:EQNR)
Seeking Alpha· 2025-09-19 19:03
Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Equinor ASA (NYSE: NYSE: EQNR ) is a major oil company that has been a prominent investor in renewable power. The company has seen its share since we reco ...
Andrew Peller Limited Announces the Final 2025 Annual General and Special Meeting Voting Results
Globenewswire· 2025-09-19 19:03
Core Points - Andrew Peller Limited announced the final voting results from its 2025 annual general meeting held on September 17, 2025, with 76.82% of the voting shares represented [1] - The company is a leading producer and marketer of quality wines and craft beverage alcohol products in Canada, with a portfolio of premium brands [2] Group 1: Election of Directors - Six nominees were elected as directors with high approval rates, including Brian J. Bidulka (99.72%), Daniel J. Cicerchi (99.80%), and Paul Dubkowski (99.72%) [2] - R. Bruce McDonald and W. James Westlake received 98.49% approval, while Chris Tsiofas received 98.73% [2] Group 2: Appointment of Auditors - PricewaterhouseCoopers LLP was reappointed as the auditor with 98.51% of votes in favor [2] Group 3: Company Overview - Andrew Peller Limited operates 101 independent retail locations in Ontario and is involved in the importation and marketing of premium wines globally [2] - The company also produces and markets personal winemaking products through its subsidiary, Global Vintners Inc. [2]
Equinor's Orsted Investment Is Intelligent
Seeking Alpha· 2025-09-19 19:03
Group 1 - Equinor ASA is a major oil company that has made significant investments in renewable power [2] - The company has experienced an increase in its share price since being recommended for investment [2] - The Value Portfolio focuses on building retirement portfolios using a fact-based research strategy, which includes analyzing 10Ks, market reports, and investor presentations [2]