The memory interface chip designer reported second-quarter results that surpassed analyst estimates for profit and sales, driven by record product revenue and strong demand for its AI-related technology.
Mexico's benchmark stock index closed higher on Monday, lifted by strong performance in the consumer staples, services, and industrial sectors. The gains were led by beverage giants Coca-Cola Femsa and Fomento Económico Mexicano.
A U.S. Commodity Futures Trading Commission proposal to regulate event contracts on prediction markets is facing significant pushback, with critics including a former agency chair and a key Dodd-Frank Act author arguing the CFTC is overstepping its authority.
Colombia's benchmark COLCAP stock index closed 0.37% higher on Monday, lifted by positive performance in the industrials, services, and agriculture sectors. Telecommunications firm Etb was the day's top gainer.
Attorneys for Tennessee argued in court that Meta Platforms prioritized profit over teen safety by disregarding internal warnings about Instagram's harmful features. The trial is part of a wave of litigation against the social media company over its platforms' impact on youth mental health.
The steel manufacturer reported adjusted EPS of $4.84 and revenue of $10.4 billion, beating analyst expectations, as its steel mills segment profit surged nearly 85%.
Clinical-stage biotechnology firm Scribe Therapeutics has completed its initial public offering, raising approximately $155.51 million in gross proceeds. The company also finalized a concurrent private placement with pharmaceutical major Sanofi.
Shares of Cadence Design Systems and F5 Networks gained in late trading after both companies beat earnings estimates and raised their forecasts. Conversely, Sanmina's stock declined despite a quarterly beat, pressured by a soft revenue outlook.
Canada's benchmark stock index reached a new record on Monday, lifted by a strong rally in technology and consumer-focused stocks, even as commodity prices saw significant declines.
