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Nordic American Tankers Limited (NYSE:NAT) - Shareholder letter of January 2, 2018 and analysis on NAT of January 5, 2018

Jan 08, 2018 11:41 am UTC| Business

Hamilton, Bermuda, January 8, 2018 Dear Sirs, During the Holiday Season and at the turn of the year we all receive a lot of information that may be overlooked. Therefore, we resend the NAT Shareholder letter of...

DPW Holdings Makes Investment in Sandstone Diagnostics

Jan 08, 2018 11:30 am UTC| Business

FREMONT, Calif., Jan. 08, 2018 -- DPW Holdings, Inc. (NYSE American: DPW) ("DPW" or the "Company"), a diversified holding company, announced today that it has provided, through a preferred investment with certain...

The Bon-Ton Stores, Inc. Provides Holiday Sales Update

Jan 08, 2018 11:30 am UTC| Business

YORK, Pa., Jan. 08, 2018 -- The Bon-Ton Stores, Inc. (OTCQX:BONT) today announced that its comparable store sales for the nine-week holiday period ended December 30, 2017 decreased 2.9%. Total sales for the nine-week...

Emergent BioSolutions Announces Preliminary 2017 Financial Results and Provides 2018 Financial Outlook

Jan 08, 2018 11:30 am UTC| Business

GAITHERSBURG, Md., Jan. 08, 2018 -- Emergent BioSolutions Inc. (NYSE:EBS) today announced preliminary unaudited 2017 financial results and guidance for 2018. Daniel J. Abdun-Nabi, president and chief executive officer...

Denbury Announces Results of Exchange Offers

Jan 08, 2018 11:30 am UTC| Business

PLANO, Texas, Jan. 08, 2018 -- Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”) announced that upon the January 5, 2018 expiration of its previously announced private exchange offers (the “Exchange...

Integra LifeSciences Announces Preliminary Fourth Quarter 2017 Financial Results

Jan 08, 2018 11:30 am UTC| Business

Preliminary Fourth Quarter Highlights: Fourth quarter 2017 reported revenue is expected to be approximately $365 million, exceeding the high-end of the company’s previous implied guidance range of $345 million to $355...

WestRock Completes Acquisition of Plymouth Packaging

Jan 08, 2018 11:30 am UTC| Business

ATLANTA, Jan. 08, 2018 -- WestRock Company (NYSE:WRK) today announced that it has completed its previously announced acquisition of substantially all of the assets of Plymouth Packaging, Inc. (“Plymouth”). Plymouth is a...

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Economy

Gold and Silver Prices Slip After Strong U.S. Jobs Data, Fed Rate Cut Bets Fade

Gold and silver prices edged lower in Asian trading on Thursday after stronger-than-expected U.S. nonfarm payrolls data reduced expectations of aggressive Federal Reserve interest rate cuts. However, ongoing geopolitical...

Asian Stocks Hit Record High as Strong U.S. Jobs Data Tempers Fed Rate Cut Hopes

Asian stocks surged to fresh record highs on Thursday, supported by a rally in technology shares and renewed investor confidence across the region. South Korean and Japanese equities led gains in early trading, pushing...

RBA Signals Further Interest Rate Hikes if Inflation Persists, Says Governor Michele Bullock

Reserve Bank of Australia (RBA) Governor Michele Bullock has warned that additional interest rate hikes remain possible if inflation in Australia becomes entrenched, underscoring the central banks firm commitment to...

U.S. Stock Futures Steady as Strong Jobs Data Clouds Fed Rate Cut Outlook

U.S. stock futures were little changed Wednesday evening following a muted session on Wall Street, as investors weighed a stronger-than-expected jobs report that dampened expectations for near-term Federal Reserve rate...

Japan Warns on Yen Volatility as Currency Surges Against Dollar

Japans top currency diplomat, Atsushi Mimura, reaffirmed Tokyos vigilance over foreign exchange markets, warning that authorities remain on high alert despite the recent surge in the yen against the U.S. dollar. Speaking...

Politics

House Votes to End Trump’s Canada Tariff Emergency, Senate Showdown Looms

The U.S. House of Representatives voted Wednesday evening to terminate the national emergency declared by President Donald Trump to impose tariffs on Canada, marking a significant development in the ongoing debate over...

Pentagon Seeks Broader Access to AI Tools on Classified Military Networks

The Pentagon is accelerating efforts to deploy advanced artificial intelligence tools across both unclassified and classified military networks, signaling a major shift in how the U.S. Department of Defense plans to...

Trump to Host Governors at White House Amid Dispute Over Democratic Invitations

President Donald Trump plans to host a bipartisan group of U.S. governors at the White House on February 20, according to National Governors Association (NGA) Chairman Kevin Stitt. The annual NGA meeting in Washington...

U.S. Offers Payments to Afghans in Qatar as Camp As Sayliyah Closure Nears

The U.S. State Department has begun offering financial incentives to Afghans stranded in Qatar to encourage voluntary repatriation, as officials move to shut down Camp As Sayliyah (CAS) by the end of March. The facility, a...

Angus Taylor Challenges Sussan Ley as Liberal Party Leadership Tensions Escalate

Australias opposition leader Sussan Ley is facing mounting pressure within the Liberal Party after senior frontbencher Angus Taylor resigned from his role as shadow defence minister, signaling a potential leadership...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App

Russia has reportedly attempted to fully block WhatsApp, the popular messaging service owned by Meta Platforms, as part of its broader efforts to tighten control over the countrys digital space. According to a company...

Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims

Adam Mosseri, head of Meta Platforms Instagram, defended the companys product decisions during a high-profile trial in Los Angeles centered on allegations that social media addiction has contributed to a youth mental...

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...

ByteDance Advances AI Chip Development With Samsung Manufacturing Talks

Chinas ByteDance is accelerating its push into artificial intelligence hardware, reportedly developing its own AI chip while holding discussions with Samsung Electronics for manufacturing support. The TikTok parent company...

SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms

Shares of Semiconductor Manufacturing International Corp (HK:0981), Chinas largest contract chipmaker, declined 3.6% to HK$68.95 in Hong Kong trading on Wednesday, underperforming the Hang Seng Index, which edged up 0.4%....
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