Beijing, China, July 08, 2025 (GLOBE NEWSWIRE) -- Elong Power Holding Limited (“Elong Power” or the “Company”) (Nasdaq: ELPW), a Nasdaq-listed company engaged in both high-power battery and energy storage system sectors, today announced that it has entered into a strategic cooperation agreement with the Consumer Protection Agency of the Republic of Indonesia (BPKN). The agreement aims to address electricity access issues in Indonesia and promote the development of the country’s new energy industry. The agre ...

Core Insights - Lam Research Corporation is positioned to benefit from increased capital expenditures driven by the generative AI industry, contrasting with the soaring valuations of companies like Nvidia [2] - The global capital expenditure on advanced chip-making equipment is expected to nearly double from 2023 to 2028, with spending anticipated to exceed $100 billion in 2025 [3] - Lam's primary clients include major players like TSMC, Samsung, and Intel, and the company is expanding its focus from memory chips to advanced logic chips and packaging technologies [3] Financial Performance - Lam's stock has decreased by approximately 9% over the past 12 months, trading at around 24 times forward earnings, compared to Nvidia's 35 times [4] - Revenue growth for Lam is projected at around 22% for FY25, but is expected to cool to roughly 2% in FY26 due to challenges related to the Chinese market [4] - If demand related to AI continues and export restrictions to China are relaxed, Lam's revenue could increase by approximately 1.8 times over the next three years [5] Market Dynamics - The U.S. and China have established a trade framework that may lead to a relaxation of technology restrictions, potentially benefiting companies like Lam [6] - The chip manufacturing process is becoming more capital-intensive, which favors companies that produce manufacturing equipment like Lam [6] - Advanced packaging methods for AI tasks are expected to boost demand for Lam's high-end machinery [7] Competitive Landscape - Lam faces competition from companies like Applied Materials and Tokyo Electron, but the long-term outlook for the semiconductor market remains strong, with forecasts suggesting it will surpass $1 trillion in annual revenue by 2030 [8] - The demand for sophisticated manufacturing tools is likely to remain high as chip manufacturers adopt next-generation technologies to enable AI [8]

The U.S. Dollar Index is down 10% in the first half of 2025. That’s the weakest year-to-date performance since 1972, when the United States moved away from the gold standard. Several interrelated factors are dragging the dollar down. A major one is a chaotic trade and tariff policy that is still a work in progress. At the same time, there are growing concerns about the country’s public debt—concerns that will only get stronger if Congress passes the Trump administration’s “big, beautiful bill,” which will, ...

Core Viewpoint - AGCO Corporation has reached a comprehensive agreement with Tractors and Farm Equipment Limited (TAFE) to resolve all outstanding disputes and governance issues, including shareholding and brand ownership matters related to the Massey Ferguson brand in India and other countries [1][3]. Commercial Terms - All commercial agreements between AGCO and TAFE will be terminated with agreed wind-down provisions [6]. - TAFE will repurchase AGCO's current shareholding in TAFE for an aggregate amount of $260 million, subject to compliance with applicable law [6]. Governance and Shareholding Terms - Ownership of the "Massey Ferguson" brand will rest exclusively with TAFE in India, Nepal, and Bhutan [6]. - TAFE retains the right to maintain its current ownership level of 16.3% but will participate in future share repurchase programs executed by AGCO [6]. - TAFE will no longer have the right to nominate a representative to the AGCO Board of Directors, and AGCO's Director on TAFE's Board will step down [6]. - The parties have agreed to mutual non-disparagement and TAFE will not engage in public activism [6]. Company Background - AGCO is a global leader in agricultural machinery and precision ag technology, with net sales of approximately $11.7 billion in 2024 [5].

LEHIGH VALLEY, Pa., June 30, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will hold a conference call to discuss its fiscal 2025 third quarter financial results on Thursday, July 31, 2025 at 8:00 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast.APD Q3FY25 live teleconference: 720-543-0220Passcode: 3763258Internet broadcast/slides: Available on the Event Details page on Air Products' Investor Relations website.Internet replay: Availa ...

Core Insights - Deere & Company (DE) and CNH Industrial N.V. (CNH) are leading global players in agricultural machinery, with Deere holding the top position [1] - Both companies are significantly impacted by ongoing weaknesses in agricultural and construction markets, raising questions about investment choices [2] Company Overview - Deere has a market capitalization of $139 billion and specializes in agricultural, forestry, and turf equipment, with a strong presence in precision farming technology [3] - CNH Industrial has a market capitalization of approximately $16 billion and operates well-known agricultural equipment brands such as New Holland and Case IH [8] Financial Performance - Both DE and CNH have faced revenue declines for seven consecutive quarters, with DE's earnings slipping in the last six quarters due to lower volumes in agriculture and construction [4][9] - DE anticipates a 30% decline in large agriculture equipment sales in fiscal 2025, while CNH expects total net sales to decline between 11% and 19% compared to 2024 [5][10] Market Outlook - The agricultural equipment market in the U.S. and Canada is projected to decline by 10-15% for small equipment, while European markets are expected to decline approximately 5% [5] - Construction equipment demand is also under pressure, with DE expecting a 10% drop in U.S. and Canadian construction equipment sales [6] Innovation and Growth Prospects - Both companies are ramping up innovation capabilities, with DE focusing on advanced technologies and geographic expansion to drive long-term growth [7][11] - CNH is making strategic strides in automation and digital integration, with 80% of its precision components developed internally in 2024 [12] Earnings Estimates - The Zacks Consensus Estimate for DE's fiscal 2025 earnings is $18.82 per share, indicating a year-over-year fall of 26.54% [13] - CNH's 2025 earnings estimate is 62 cents per share, indicating a year-over-year decline of 41% [14] Stock Performance and Valuation - Year-to-date, DE stock has gained 21.2%, outperforming the Zacks manufacturing - farm equipment industry's growth of 19.7%, while CNH has lagged at 15% [16] - DE is trading at a forward 12-month earnings multiple of 24.49X, while CNH is at 17.71X, with CNH trading at a discount to industry averages [18] Investment Considerations - Both companies face near-term headwinds, but are fundamentally tied to long-term megatrends such as rising food demand and advancements in agricultural technology [20] - From a valuation standpoint, CNH appears more attractive currently, with a Value Score of B compared to DE's D [21]

24 June 2025 ab Global Research First Read China Construction Machinery Sector Takeaways from expert meeting: domestic excavator demand under pressure in off-season, but expect DD growth in FY25E Domestic demand may fluctuate in the short term, but upward trajectory of the industry remains intact We invited a construction machinery expert to review the sales performance in 5M25 and provide a future outlook. Key takeaways include: 1) domestic excavators sales in May did not sustain the high growth seen in 4M ...

ORLANDO, Fla., June 27, 2025 (GLOBE NEWSWIRE) -- Gencor Industries, Inc. (the “Company” or “Gencor”) (NYSE American: GENC) announced today that NYSE American LLC (“NYSE American”) notified the Company that NYSE Regulation (“NYSE”) accepted the Company’s request for an extension to regain compliance with Sections 134 and 1101 of the NYSE American’s continued listing standards, granting the Company a plan period through August 19, 2025 (the “New Cure Deadline”) to submit its delinquent reports. The Company re ...

Two leaders in the industrials sector just significantly increased their dividends, while another behemoth is very likely gearing up to do the same. The industrial sector has been resilient so far in 2025, even as the returns of the general market have been disappointing. As of the June 20 close, the S&P 500 industrials sector is the best-performing among all 11 in index tracks. S&P 500 Industrials performance is most easily tracked using the Industrial Select Sector SPDR Fund NYSEARCA: XLI. The fund has pr ...

The bulls have held their ground in June after the furious rally off the stock market’s April lows.It’s difficult to know what, if anything, will shake the Nasdaq and the S&P 500 out of their recent holding patterns until the start of the second quarter earnings season in the middle of July.Thankfully, the bullish backdrop appears to remain intact as long as trade war progress continues, inflation remains in check, and corporate earnings grow.The last several months also highlight why investors must stay co ...