Summary: FedEx will use 100% hydrotreated vegetable oil in 170 trucks in the UK after signing a new supply deal.
Full articleSummary: Memphis basketball coach Penny Hardaway had 14 pairs of exclusive Nike Foamposites stolen from his home, valued at $2,100.
Full articleSummary: Nike has been continuously refining and updating their existing technology for both lifestyle and performance footwear, despite criticism of not introducing new technology.
Full articleSummary: Penn State football is aiming to recruit 2025 wide receiver Taz Williams Jr., who has garnered significant attention and offers. They are vying with Michigan for his commitment, with signs pointing towards a potential late momentum swing in Penn State's favor. Additionally, July is anticipated to be a crucial month for Nittany Lions' wide receiver recruiting efforts.
Full articleSummary: Microsoft has linked a North Korean hacking group Moonstone Sleet to FakePenny ransomware attacks demanding $6.6 million in BTC, primarily motivated by financial gain. The group targets various industry verticals using novel attack methods and custom infrastructure.
Full articleSummary: Comcast is launching a bundle called StreamSaver, combining NBCUniversal’s Peacock Premium, Netflix Basic, and Apple TV+ at a discounted price for TV and broadband customers. The package aims to enhance customers' entertainment experience and save money on streaming services.
Full articleSummary: PennantPark Floating Rate Capital Ltd. announced the refinancing of a $300.7 million debt securitization in the form of a collateralized loan obligation, extending the maturity to April 2036.
Full articleSummary: PennantPark Floating Rate Capital Ltd. announced the refinancing of a $300.7 million debt securitization in the form of a collateralized loan obligation (CLO) with an extended maturity to April 2036. The Company's CEO highlighted the market-leading cost of capital and lower cost of debt capital for PFLT and PSSL.
Full articleSummary: FedEx is downsizing by moving its supply chain division office from one building in Cranberry Township to another smaller office space nearby.
Full articleSummary: Bank dividend stocks like JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Citigroup Inc. (NYSE:C) are in the limelight as central banks support markets by allowing bank reserves to grow, enabling banks to have more capital for investments and lending. Banco Bradesco SA (NYSE:BBD), a Brazilian financial services company, is highlighted for its over 8% dividend yield and low PE ratio.
Full articleSummary: Penn Entertainment (PENN) stocks nudged slightly higher despite being downgraded by Bank of America analyst Shaun Kelley to 'neutral' from 'buy', with a reduced price target of $17.50 from $28. This downgrade was prompted by concerns over ESPN Bet's profitability taking longer to materialize.
Full articleSummary: Top Wall Street analysts changed their outlook on several top names, including Texas Instruments, SolarEdge Technologies, PENN Entertainment, Morgan Stanley Direct, and PlayAGS, with downgrades in ratings and price target cuts.
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