Shares of the boat manufacturer surged after it announced a complex deal to merge with a USFM Corporation subsidiary while spinning off its core marine operations into a private trust for existing shareholders.
London's benchmark stock index fell on Monday as fresh U.S. military strikes against Iran and comments from President Trump about the Strait of Hormuz fueled a surge in crude oil prices, dampening investor risk appetite.
Shares of CACI International gained after the national security technology firm announced a U.S. government contract to deploy its SkyValor drone defense system at the southern border.
Shares of the expense management firm (NASDAQ:EXFY) climbed after it unveiled a new feature allowing U.S. businesses to centralize payments for flights, hotels, and cars into a single monthly bill.
Major global carriers, including Lufthansa Group, IAG, and Delta, are pushing back the resumption of key routes to destinations like Dubai and Tel Aviv, with many suspensions now lasting into late 2026 due to ongoing security concerns.
The London-listed luxury retailer has reportedly engaged in discussions in recent months regarding potential offers to take the company private, driven by a belief that its stock is undervalued.
Global smartphone shipments fell 11% in the second quarter, hitting their lowest level for the period since 2013, as a memory chip shortage drove up prices and dampened consumer demand, according to data from Counterpoint Research. Apple bucked the trend with shipment growth, while Samsung reclaimed the top market position.
The U.S. dollar stabilized on Monday following its largest one-day decline since late April, with currency markets focused on upcoming Federal Reserve minutes for clues on future interest rate policy. The Japanese yen remained under pressure near a 40-year low, keeping intervention risks elevated.
The Japanese yen weakened past 162 per dollar, approaching historic lows as traders test the resolve of Japanese authorities to intervene in currency markets.
