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1 day ago | 
benzinga.com | Akanksha Bakshi
Kraft Heinz KHC is investing $3 billion to modernize its U.S. factories. According to Reuters, which first broke the news, this is the company’s largest domestic investment in a decade. Kraft Heinz aims to cut costs amid weakening consumer sentiment and lowered financial forecasts. According to Pedro Navio, president of Kraft Heinz North America, the upgrades are designed to improve plant efficiency and help offset the impact of tariffs implemented by the Trump administration.
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1 day ago | 
es.benzinga.com | Akanksha Bakshi
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1 day ago | 
benzinga.com | Akanksha Bakshi
Ford Motor Co. F recalls nearly 274,000 SUVs in the U.S. due to a brake line defect. The recall affects certain Ford Expedition and Lincoln Navigator models built between 2022 and 2024. According to the National Highway Traffic Safety Administration, front brake lines in some vehicles may have been bent during assembly. This could cause them to contact the engine air cleaner outlet pipe and increase the crash risk.
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1 day ago | 
benzinga.com | Akanksha Bakshi
FirstCash Holdings, Inc. FCFS is expanding into the U.K. with the acquisition of H&T Group plc, the country’s largest pawnbroker chain. The Texas-based pawnshop operator announced on Wednesday it will purchase all outstanding H&T shares through its U.K. subsidiary, Chess Bidco Limited, in an all-cash deal valued at approximately $394 million. The agreement includes a payment of 650 pence per share and a final dividend of 11 pence per share, payable in late June.
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1 day ago | 
benzinga.com | Akanksha Bakshi
On Tuesday, May 13th, U.S. markets closed mixed; the S&P 500 and Nasdaq closed higher for a second day as cooling April inflation and a U.S.-China trade truce boosted investor confidence. The Dow slipped, weighed down by a steep drop in UnitedHealth shares. Traders expect the Fed to hold off on rate cuts until later this year, as recession concerns eased.
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1 day ago | 
benzinga.com | Akanksha Bakshi
Aemetis, Inc. AMTX on Tuesday announced a $27 million equipment agreement with Centuri Holdings, Inc. CTRI, marking a significant step forward in its renewable natural gas (RNG) infrastructure strategy. The agreement, made through Aemetis' subsidiary, Aemetis Biogas, will support the deployment of biogas cleanup systems across 15 dairy digesters in California's Central Valley. These installations are part of a larger initiative to produce RNG from 50 dairies already under contract.
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2 days ago | 
benzinga.com | Akanksha Bakshi
Flex Ltd. FLEX is expanding its European footprint to meet the rising energy demands of AI-powered data centers. On Tuesday, the company's Anord Mardix division opened a 600,000-square-foot manufacturing facility in Bielsko-Biała, Poland, doubling its critical power production capacity in Europe. The move supports Flex's long-term strategy to scale infrastructure for artificial intelligence workloads.
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2 days ago | 
benzinga.com | Akanksha Bakshi
Paysafe Limited PSFE stock declined in premarket trading on Tuesday after it reported first-quarter 2025 results. The company reported quarterly adjusted earnings per share of 34 cents, missing the Street view of 41 cents. Quarterly sales stood at $401 million, a decrease of 4% year over year, below the analyst consensus of $404.56 million. Organic revenue rose 5%. Merchant Solutions’ revenue fell 6% due to business disposal but grew 6% organically.
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2 days ago | 
benzinga.com | Akanksha Bakshi
On Monday, May 12, U.S. markets closed sharply higher after the U.S. and China agreed to a 90-day temporary tariff reduction, easing trade tensions that had escalated since April. The S&P 500 reached its highest level since early March. Investors shifted toward riskier assets, prompting a relief rally, though analysts warned of potential long-term complications. In economic news, the U.S. government reported a $258 billion budget surplus for April, marking a 23% increase from last year.
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2 days ago | 
finance.yahoo.com | Akanksha Bakshi
United Parks & Resorts Inc. (NYSE:PRKS) on Monday reported worse-than-expected first-quarter 2025 results. The company reported a loss per share of 29 cents, missing the analyst consensus estimate of 21 cents loss. Quarterly sales stood at $286.9 million (down 3.5% year-over-year), missed the analyst view of $294 million. Total revenue per capita fell 1.8% to $84.62; admissions dropped 4.2% to $46.04, while in-park spending rose 1.1% to a record $38.58.
