UK outsourcing firm Capita plc warned that issues with a major pension contract will significantly impact its 2026 profit and cash flow, overshadowing modest revenue growth and strong contract wins in the first half of the year.
U.S. Treasury yields rose on Tuesday as investors braced for the release of the Federal Reserve's June meeting minutes, anticipating a hawkish tone from policymakers. The increase occurred despite recent data showing weaker-than-expected job growth.
Meta has broken ground on its first Canadian data center in Sturgeon County, Alberta, a CAD $13 billion facility optimized for AI workloads. The project is expected to create thousands of construction jobs and over 300 permanent positions upon completion.
Russian markets finished Wednesday's trading session on a positive note, with the MOEX Russia Index climbing 1.46%. The gains were largely driven by strong performance in the oil and gas, power, and manufacturing sectors.
The COLCAP index in Colombia finished Wednesday's trading session up by 0.81%, driven by gains in the Industrials, Services, and Agriculture sectors.
Shares of GoPro Inc. rose 5% in after-hours trading Wednesday after the company announced its founder and CEO, Nicholas Woodman, will provide $20 million in financing.
S&P Global Ratings has lowered the credit rating for homebuilder Century Communities from 'BB' to 'BB-', citing concerns over elevated mortgage rates and consumer hesitancy impacting profitability.
Famed investor Michael Burry has purchased shares in sports-betting companies Flutter Entertainment and DraftKings, wagering that the competitive threat from lightly regulated prediction markets will fade under future government scrutiny.
The U.S. Senate Commerce Committee is set to vote on bipartisan legislation aimed at reinforcing the ban on Chinese automakers selling passenger vehicles in the American market. The vote is scheduled for July 15.
