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Pacific Mercantile Bancorp to Participate in D.A. Davidson 19th Annual FIG Summit & Financial Institutions Conference

May 05, 2017 12:01 pm UTC| Business

COSTA MESA, Calif., May 05, 2017 -- Pacific Mercantile Bancorp (NASDAQ:PMBC), the holding company of Pacific Mercantile Bank (the “Bank”), a wholly owned banking subsidiary, and PM Asset Resolution, Inc. ("PMAR"), a...

Aclaris Therapeutics Completes Phase 1 Clinical Trial of ATI-50001 for the Treatment of Alopecia Universalis and Alopecia Totalis

May 05, 2017 12:01 pm UTC| Business

MALVERN, Pa., May 05, 2017 -- Aclaris Therapeutics, Inc. (NASDAQ:ACRS), a dermatologist-led biotechnology company focused on identifying, developing and commercializing innovative and differentiated therapies to address...

Gencor Releases Second Quarter Fiscal 2017 Results

May 05, 2017 12:01 pm UTC| Business

ORLANDO, Fla., May 05, 2017 -- Gencor Industries, Inc. (Nasdaq:GENC) announced today net revenue for the quarter ended March 31, 2017 increased $448,000 to $22.5 million from $22.1 million for the quarter ended March...

Security Bancorp, Inc. Announces First Quarter Earnings

May 05, 2017 12:01 pm UTC| Business

MCMINNVILLE, Tenn., May 05, 2017 -- Security Bancorp, Inc. (OTCBB:SCYT) (“Company”) today announced consolidated earnings for the first quarter of its fiscal year ended December 31, 2017. The Company is the holding...

Security Bancorp, Inc. Announces First Quarter Earnings

May 05, 2017 12:01 pm UTC| Business

Twin Disc, Inc. Announces Fiscal 2017 Third Quarter Financial Results

May 05, 2017 12:00 pm UTC| Business

Third Quarter Sales Increased 8.8% to Highest Level in Two YearsGross Profit Percent Improves 630 Basis Points to 29.5% in Third Quarter$1,597,000 of Operating Cash Flow Generated in Third QuarterSix Month Backlog Improved...

Arbor Realty Trust Reports First Quarter 2017 Results and Increases Quarterly Dividend to $0.18 per Share

May 05, 2017 12:00 pm UTC| Business

Company Highlights: Net income of $15.6 million, or $0.30 per diluted common shareAFFO of $24.7 million, or $0.33 per diluted common share1Declares a cash dividend on common stock of $0.18 per share, our third increase...

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Economy

Iraq Reaffirms Commitment to OPEC as UAE Exits Amid Global Energy Tensions

Iraq has confirmed it has no intention of leaving OPEC or OPEC+, according to a Reuters report citing two Iraqi oil officials. The statement comes shortly after the United Arab Emirates (UAE) announced its decision to...

US Sanctions Target Iran’s Shadow Banking Network and Terror Financing

The United States government has announced a new wave of sanctions targeting 35 individuals and entities accused of supporting Irans shadow banking system. According to officials, these networks have been instrumental in...

Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting

The Japanese yen strengthened on Tuesday after the Bank of Japan (BOJ) maintained its interest rates but hinted at potential rate hikes amid rising inflation risks. The USD/JPY pair declined by 0.2%, hovering near the 159...

Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets

Asian stock markets delivered a mixed performance on Tuesday as investors reacted to elevated oil prices, ongoing geopolitical tensions, and the Bank of Japans decision to keep interest rates unchanged. Market sentiment...

Oil Prices Rise Amid U.S.-Iran Tensions and Strait of Hormuz Deadlock

Oil prices moved higher during Asian trading on Tuesday as geopolitical tensions between the United States and Iran continued to weigh on global energy markets. The ongoing stalemate over the Strait of Hormuz, a critical...

Politics

Former FBI Director James Comey Charged Over Alleged Threat Against President

Former FBI Director James Comey has been charged in connection with allegedly threatening the life of the President of the United States, according to a federal indictment filed on Tuesday. The charges also include making...

Ghana Rejects U.S. Health Deal Over Data Sharing Concerns Amid Foreign Aid Shift

Ghana has declined to sign a proposed bilateral health agreement with the United States, citing concerns over sensitive health data sharing, according to a source familiar with the negotiations. The decision marks another...

US Ties UN Funding to Reforms and Efforts to Counter China’s Influence

The United States is reportedly linking the release of billions of dollars in unpaid contributions to the United Nations (UN) to a set of reform conditions aimed at improving efficiency and reducing costs, while also...

Russia Reports Rising Drone Attacks on Civilian Infrastructure, Putin Says

Russian President Vladimir Putin has claimed that Ukraine is increasing its attacks on civilian infrastructure within Russian territory, pointing to a recent drone strike targeting an oil refinery in the southern city of...

King Charles Addresses U.S. Congress, Emphasizes UK-US Alliance Amid Political Tensions

Britains King Charles III is set to deliver a historic address to the U.S. Congress on Tuesday, reinforcing the long-standing special relationship between the United Kingdom and the United States. The speech comes at a...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...

OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO

OpenAI is reportedly facing mounting pressure after missing key internal targets for both user growth and revenue, raising concerns about its ability to sustain aggressive spending plans. According to a Wall Street Journal...

Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results

Shares of Advantest Corp (TYO:6857) declined on Tuesday after the semiconductor equipment maker issued an annual outlook that fell short of market expectations, overshadowing its strong financial performance driven by...

DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals

Chinese artificial intelligence startup DeepSeek has significantly reduced pricing for its latest AI models, signaling a more aggressive push in the rapidly evolving AI services market. The company announced that it has...