Otto Aviation incentives approved at Jacksonville City Council
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Bloomberg
26 minutes ago
- Bloomberg
Stock Movers: Chipotle, GE Vernova, Texas Instruments
On this episode of Stock Movers: - Chipotle (CMG) shares plunged after cutting its annual outlook for the second time this year, suggesting that honey chicken and burrito giveaways haven't been enough to offset a traffic slump that the company attributed to economic anxiety. Sales at established restaurants are now expected to be about flat for the full year, the company said Wednesday. It previously forecast the metric would expand by a low-single digit. The shares tumbled as much as 14% during trading on Thursday, their biggest intraday drop since March 2020. The stock was down 12% this year through Wednesday's close, among the worst performers in US restaurants. - GE Vernova (GEV) shares rose on new it increased its sales of transformers and other electrical equipment to big tech firms building large data centers. That's helped the company boost its total sales of electrical equipment to about $500 million in the first half of the year, compared with $600 million for all of 2024, Chief Executive Officer Scott Strazik said in an interview on Wednesday. 'We're accelerating our direct selling with the hyperscalers,' he said. The demand for power is surging to levels not seen in decades, driven by data centers, new factories and the overall electrification of the economy. That has increased investor interest in everything to do with electricity and has bolstered GE Vernova, which raised its 2025 guidance on Wednesday as it reported second-quarter earnings. - Texas Instruments (TXN), a key chipmaker for producers of cars and factory equipment, tumbled after stoking fears that a tariff-fueled surge in demand will be short-lived. Though the company issued a third-quarter forecast on Tuesday that beat most estimates, the outlook was more guarded than some investors had anticipated. The stock fell further during a conference call, when executives struggled to win over analysts who said the company's tone had become increasingly negative. The main concern is whether tariffs and trade disputes will hurt a sales resurgence that's still in the early stages. While revenue jumped 16% last quarter, executives acknowledged that they didn't know how much of that came from tariff-related 'pull in' — customers making purchases to get out ahead of the levies.
Hamilton Spectator
40 minutes ago
- Hamilton Spectator
Kinross announces sale of shares of White Gold
(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, July 25, 2025 (GLOBE NEWSWIRE) — Kinross Gold Corporation ('Kinross' or the 'Company') (TSX: K, NYSE: KGC) announced today that it has sold an aggregate of 23,681,160 common shares of White Gold Corp. ('White Gold') representing all of the common shares held by Kinross. The shares represent approximately 12% of the outstanding White Gold common shares. The shares were sold at an average sales price of $0.29 (excluding commission), representing an aggregate sale price of $6,869,905.51. A copy of the early warning report filed by Kinross in connection with the investment will be available on White Gold's profile on SEDAR+ at . Alternatively, you may contact Luke Crosby, Senior Vice President, General Counsel and Corporate Secretary at 647-788-4478 to obtain a copy of the report. Kinross is organized under the laws of the Province of Ontario and its head office is located at 25 York Street, 17th Floor, Toronto, Ontario M5J 2V5. White Gold's head office is located at 82 Richmond Street East, Toronto, Ontario, M5C 1P1. About Kinross Gold Corporation Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC). Media Contact Samantha Sheffield Director, Corporate Communications phone: 416-365-3034 Investor Relations Contact David Shaver Senior Vice-President, Investor Relations & Communications phone: 647-365-2854 investorrelations@ Source: Kinross Gold Corporation
Yahoo
40 minutes ago
- Yahoo
PAMT: Q2 Earnings Snapshot
TONTITOWN, Ark. (AP) — TONTITOWN, Ark. (AP) — PAMT CORP (PAMT) on Friday reported a loss of $9.6 million in its second quarter. On a per-share basis, the Tontitown, Arkansas-based company said it had a loss of 46 cents. The trucking company posted revenue of $151.1 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PAMT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
