Owens Corning Expands U.S. Footprint With Prattville Roofing Plant
ZACKS· 2025-09-22 18:06
Key Takeaways OC will build a 250,000-square-foot shingle facility in Prattville, with production starting in 2027.The new plant will produce six million square feet of laminate shingles annually, mainly premium Duration.The Prattville facility will create nearly 100 skilled jobs and leverage advanced automation for efficiency.Owens Corning (OC) has announced plans to build a new shingle manufacturing facility in Prattville, AZ. The investment reflects the global building products leader's strategic commitm ...
Rocket Lab's Surge Defies Gravity
Seeking Alpha· 2025-09-22 18:06
Rocket Lab (NASDAQ: RKLB ) the stock has rallied 115% since I called the inflection point with another 34% gain since my last coverage , evidence that markets are recognizing its structural advantages. The company’s vertical integration, spanning launch, spacecraft, components, and payloads, creates aHi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accounta ...
NX Investors Have Opportunity to Lead Quanex Building Products Corporation Securities Fraud Lawsuit
Prnewswire· 2025-09-22 18:05
NEW YORK , Sept. 22, 2025 /PRNewswire/ --Â Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Quanex Building Products Corporation (NYSE: NX) between December 12, 2024 and September 5, 2025, both dates inclusive (the "Class Period"). ...
Pennsylvania-Based Institutional and Wealth Firms Combine to Form $9B Shop
Yahoo Finance· 2025-09-22 18:04
You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletters. Two Pennsylvania-based registered investment advisors are merging to create a $9 billion RIA combining an institutional-focused firm with a predominantly wealth management business. BilkeyKatz Investment Consultants, which works with institutional clients with assets ranging from $20 million to $1 billion, and Oakmont Capital Management, which has about $650 million in assets under man ...
Walmart to offer delivery on refrigerated presciption drugs - report (WMT:NYSE)
Seeking Alpha· 2025-09-22 18:04
Walmart (NYSE:WMT) is expanding its pharmacy delivery services to include medications that require refrigeration, including insulin, weight loss medications like Ozempic, and specific hormone therapies. The medications will be delivered in special insulated packages in as little as 30 ...
Roche Targets Top Spot In Weight Loss Drug Market
Benzinga· 2025-09-22 18:04
Roche Holdings AG RHHBY on Monday outlined its plan to become a leading player in the surging weight-loss drug market, pushing its obesity pipeline farther into late-stage development as it eyes competition with Eli Lilly And Co. LLY and Novo Nordisk A/S NVO.The company announced it had advanced CT-388, its experimental obesity treatment, into a Phase 3 trial.The therapy entered Roche's pipeline through its 2023 acquisition of Carmot Therapeutics.RHHBY is demonstrating bullish strength. Follow the breaking ...
Teradyne Stock Is the Best Performer in the S&P 500. This Might Be Why.
Barrons· 2025-09-22 18:04
Core Viewpoint - The semiconductor test equipment manufacturer is positioned to gain market share according to analysts [1] Group 1 - Analysts believe the company has a better chance to capture market share in the semiconductor industry [1]
Governments Pour Billions Into Chips And AI Infrastructure To Fuel Arms Race
Forbes· 2025-09-22 18:03
Group 1: Importance of Compute Power - Compute power is becoming a critical resource in 2025, akin to oil refineries and power plants in the 21st century [2] - Governments worldwide are investing billions in semiconductors and cloud infrastructure to gain economic advantages and lead in artificial intelligence (AI) [3] Group 2: Major Investments and Contracts - OpenAI signed a historic cloud contract with Oracle worth $300 billion over five years, requiring 4.5 gigawatts of power capacity [4] - Since the launch of ChatGPT in late 2022, the market capitalizations of major tech companies like Nvidia, Microsoft, Oracle, and Broadcom have increased by $8 trillion [5] - Construction spending on U.S. data centers reached an all-time high of $40 billion in June, a 30% increase from the previous year, following a 50% surge in 2024 [5] Group 3: Government Support and Strategic Assets - The U.S. government is actively supporting semiconductor companies, exemplified by Intel receiving an $8.9 billion equity stake and additional CHIPS Act grants [7] - The UK is also increasing AI investments, with Microsoft planning to invest $30 billion by 2028 to build a supercomputer, contributing to over $40 billion in total commitments from tech giants [9] Group 4: Industry Dynamics and Energy Demand - Nvidia is projected to lead the AI semiconductor market, with revenue expected to quadruple in the coming years, while Broadcom and AMD are also competing for market share [10] - The Department of Energy forecasts that AI-specific electricity use will grow by 33% annually, highlighting the need for sufficient energy supply to support the AI ecosystem [11] Group 5: Defense Spending and High-Tech Applications - Global defense budgets are rapidly increasing, with military spending projected to rise from just under $3 trillion in 2024 to potentially $4 trillion by 2030, focusing on high-tech systems [12] - The connection between semiconductors and defense is strengthening, as more military budgets are allocated to advanced technologies [12] Group 6: Labor Market and Automation - The labor market is showing signs of softening, with declining job openings and reduced wage hikes, coinciding with increased investment in AI [13][14] - The paradox of AI being marketed as a productivity booster during a moderating economy suggests a trend towards automation amid labor demand weakness [14] Group 7: Future Outlook - Compute power is viewed as the new energy, with nations stockpiling it and companies monetizing it, indicating its significance in defining the 21st century [15]
‘Oracle of Wall Street’ says boomers control the housing market, and their enormous equity will keep them in place — ‘There will be no quick fixes’
Yahoo Finance· 2025-09-22 18:03
Baby boomers now own a majority of U.S. homes and have the financial means to stay where they are, keeping the housing market stuck for the foreseeable future, according to top Wall Street analyst Meredith Whitney. The CEO of Meredith Whitney Advisory Group, whose prediction of the Great Financial Crisis earned her the moniker “Oracle of Wall Street,” pointed out in a Financial Times op-ed that more than 54% of homes are owned by seniors, up from 44% in 2008. She added that 79% of seniors own their homes ...
Steve Jobs’ intern went on to sell his company to Google for $625 million—he now advises grads to pay to work for impressive people
Yahoo Finance· 2025-09-22 18:03
Growing up in the city of Kolkata in India, a young Chet Kapoor, now the CEO of data and AI company DataStax, would often turn to the pages of A Little Kingdom, a book about the meteoric rise of Steve Jobs and his enterprise Apple, and dream big. “I was fascinated. I wanted to work for Steve Jobs,” Kapoor tells Fortune—and that’s exactly what he did. His first order of business was moving from India to the States in 1983 before taking on “a bunch of computer classes” to prime himself for any role in the ...