Quadrise, a London-listed energy technology company, has announced that its partner, Valkor Technologies, is expected to receive a drilling permit from Utah's Department of Oil, Gas & Mining in early September. The drilling is scheduled to commence in October. With the drilling permit condition now secured, Quadrise and Valkor have agreed that the site license agreement … [Read more...] about Quadrise to Begin Drilling in Utah with Valkor Technologies
Country Garden Holdings to Report Earnings Amidst Turbulence
Country Garden Holdings, one of China's largest property developers, is set to release its earnings report for the first half of the year. This comes after the company missed interest payments on its bonds earlier this month, raising concerns about the state of China's property market. The sector has been greatly impacted by falling prices and plummeting sales, causing ripple … [Read more...] about Country Garden Holdings to Report Earnings Amidst Turbulence
Oil Prices Rise as Hurricane Idalia Threatens Gulf of Mexico Production
Crude prices edged higher on Wednesday as Hurricane Idalia approached Florida, posing a risk to oil production in the Gulf of Mexico. Concerns Over Hurricane Idalia Continuous-contract futures for benchmark West Texas Intermediate crude increased by 0.8%, reaching $81.80 a barrel, which is the highest level seen since mid-August. Idalia has intensified into a Category 4 … [Read more...] about Oil Prices Rise as Hurricane Idalia Threatens Gulf of Mexico Production
Zoom Exceeds Expectations with Strong Q2 Results
Zoom Video Communications Inc.'s stock surged in extended trading on Monday after the company surpassed expectations with its financial results and forecasts. Impressive Q2 Performance In the fiscal second quarter, Zoom reported a net income of $182 million, or 59 cents per share, on revenue of $1.14 billion. This marked substantial growth compared to the previous year's … [Read more...] about Zoom Exceeds Expectations with Strong Q2 Results
Fabrinet Surges 13% After Forecasting Strong First-Quarter Results
Shares of tech manufacturer Fabrinet (FN) soared 13% in after-hours trading on Monday following the company's impressive forecast for the first quarter. The strong results were driven by the success of their new AI products and data-communications sales during the previous quarter. Forecasted Sales Exceed Expectations Fabrinet, which specializes in providing high-tech … [Read more...] about Fabrinet Surges 13% After Forecasting Strong First-Quarter Results
