U.S. Treasury Doubles Size of Longer-Dated Bond Buybacks
The U.S. Treasury Department will double the size of its liquidity-support buyback operations for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation. The increase will cover the 10-...
Lyntris IPO Raises $297.5 Million
Lyntris raised $297.5 million in a downsized U.S. initial public offering after pricing its shares below the marketed range, highlighting continued investor caution despite renewed interest in defense stocks. The Falls Church, Virginia-based defense...
SK Hynix Unveils $28.6 Billion Share Buyback
SK Hynix will buy back and cancel up to 40 trillion won ($28.61 billion) in treasury shares and allocate more than 50% of its free cash flow from 2025–2027 toward shareholder returns. The move...
Estée Lauder Forecasts Stronger Profit on Luxury Beauty Demand
Estée Lauder expects fiscal 2027 adjusted earnings to beat Wall Street estimates, supported by resilient demand for premium fragrances and skincare, particularly in China. Shares rose nearly 8% in premarket trading after the cosmetics...
U.S. Stock Futures Steady as Investors Weigh Inflation and Middle East Tensions
U.S. stock index futures were largely steady on Wednesday after a technology-led selloff rattled Wall Street in the previous session, as investors assessed the inflation outlook and rising geopolitical tensions in the Middle East....
Disney and ABC Sue FCC Over Early License Reviews
Disney and its ABC unit sued the Federal Communications Commission on Tuesday to block an early review of licenses for eight ABC stations, arguing the Trump administration is retaliating against the network over its...
OpenAI Unveils ChatGPT for Teens With Stronger Safeguards
OpenAI on Tuesday introduced “ChatGPT for Teens,” a version of its AI chatbot designed for users aged 13 to 17, featuring enhanced security measures and parental controls. The new system automatically activates when a...
AI App Helps Blind Egyptian Teenagers Experience the World Anew
Sixteen-year-old Cairo schoolgirl Karen Morad, who lost her sight five years ago, experienced a safari in Kenya as if she could see again after using ScribeMe, an AI-assisted app developed by her blind brother,...
Prosecutor Says Former Gang Leader Orchestrated Tupac Shakur Killing
A prosecutor told jurors that former street gang leader Duane “Keffe D” Davis orchestrated the 1996 drive-by shooting that killed hip-hop star Tupac Shakur in Las Vegas. Davis, 63, is accused of arranging the...
Meta Faces Major Youth Safety Trial
A coalition of 29 U.S. states will begin presenting its case against Meta Platforms in federal court in California on Tuesday, accusing the company of designing Facebook and Instagram in ways that harmed the...