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UniCredit (BIT:CRDI) has launched a surprise €10.5bn all-share bid for its domestic rival Banco BPM (BIT:BAMI), sparking political backlash and concerns about the impact on Italy’s broader banking strategy. The move could disrupt government plans to consolidate Banco BPM with the state-owned Monte dei Paschi di Siena (MPS), creating a third major player in Italy’s […]

Macy’s (NYSE: M) has delayed its fiscal third-quarter earnings release after discovering that an employee hid between $132m and $154m in delivery expenses over several years. The retailer announced on Monday that the employee responsible for small-package delivery expense accounting made “erroneous accounting accrual entries” from late 2021 through the quarter ending 2 November 2024.

The Russell 2000 index reached an all-time high on Monday, buoyed by expectations of tax cuts under a second Donald Trump administration and optimism over further Federal Reserve rate cuts. The index represents the performance of about 2,000 small-cap companies in the US. It’s a subset of the Russell 3000 Index, which includes the 3,000

Archer Materials (ASX:AXE) is leveraging innovative carbon-based materials to solve high-value problems in quantum technology and bio-sensing. The company is exploring the use of carbon nanomaterials, like “nano onions”, for quantum applications due to their long spin coherence times. The company is also developing a graphene-based bio-chip aimed at addressing chronic kidney disease, which affects

Silex Systems (ASX:SLX) specialises in laser isotope enrichment technology. The company has a market cap of approximately $1.2bn and is headquartered in Lucas Heights, Australia, where it also operates its major projects. Silex’s flagship initiative focuses on enriching uranium for nuclear fuel production, essential for the operation of today’s nuclear reactors. Amid geopolitical disruptions, such

Weebit Nano (ASX:WBT), a leader in non-volatile memory technology, is at the forefront of the rapidly growing semiconductor industry, which is expected to reach a trillion dollars by the end of the decade. The company specialises in Resistive RAM (ReRAM), a promising replacement for flash memory, with applications across AI, power management and IoT. Despite

2D Generation, which Adisyn (ASX:AI1) has entered into a binding agreement to acquire, is revolutionising semiconductor technology by integrating graphene into chip design. The company focuses on using graphene, a two-dimensional material, to solve the interconnect problem in advanced semiconductors. Graphene, known for its extraordinary conductivity and strength, is ideal for replacing traditional copper and aluminium

BluGlass (ASX:BLG) focuses on gallium nitride (GaN) semiconductors, which emit visible light, unlike traditional semiconductors. These GaN lasers enable advancements in various sectors, including quantum computing, biotech and defence, by leveraging visible light for data transmission. Recent successes include securing a $1.2m agreement for single-frequency laser development, contributing to a projected $5bn market by 2030.

Air New Zealand (ASX:AIZ) has forecast pre-tax earnings for the first half of FY25 to be between NZ$120m and NZ$160m, down from NZ$185m during the same period last year. Despite the decline, the guidance significantly exceeds the NZ$37m pre-tax earnings reported in the second half of FY24, signalling a potential recovery from recent challenges. The

Bell Financial Group (ASX:BFG) has announced a $58m proposal to acquire 100% of Selfwealth (ASX:SWF) through a scheme of arrangement. The offer includes $0.25 per share, representing a 108% premium to Selfwealth’s last closing price of $0.12 prior to initial negotiations. Bell Financial Group is a diversified financial services and wealth management business. Headquartered in