Luxembourg-based stainless steel company, Aperam, has announced a fourth-quarter net profit despite a decline in sales. The company attributes this decline to ongoing margin pressures and a reflection of an industrial recession in Europe. Q4 Profit and Sales Figures Aperam recorded a net profit of €70 million ($75.4 million) for the quarter ending December 31, compared to a … [Read more...] about Aperam Reports Q4 Net Profit Amid Sales Decline
Forex News
Lantronix Stock Plummets Amid Disappointed Fiscal Outlook
Shares of Lantronix, a leading provider of Internet-of-Things solutions, took a hit following the company's revised full-year guidance and lower-than-expected second-quarter results. Dismal Performance in Q2 and Reduced Revenue Outlook Lantronix, based in Irvine, California, announced on Thursday that it now anticipates fiscal 2024 revenue between $155 million and $165 million, … [Read more...] about Lantronix Stock Plummets Amid Disappointed Fiscal Outlook
Social Security and Medicare Facing Funding Shortfalls
Social Security and Medicare, two significant government programs that provide benefits to retirees, are currently experiencing funding shortfalls and concerns about their future solvency. Many advisors have been receiving questions from their clients regarding these issues, prompting us to investigate their responses. Advisors have been reassuring their clients that these … [Read more...] about Social Security and Medicare Facing Funding Shortfalls
AN2 Therapeutics Pauses Phase 3 Enrollment in Clinical Trial
AN2 Therapeutics, a biopharmaceutical company, has made the decision to voluntarily pause Phase 3 enrollment in its Phase 2/3 clinical trial for the treatment-refractory MAC lung disease. This pause is pending further data review. Trial Details The double-blind trial consists of two arms. One arm compares epetraborole plus optimized background regimen (OBR), while the other arm … [Read more...] about AN2 Therapeutics Pauses Phase 3 Enrollment in Clinical Trial
Mixed Performance in the Cryptocurrency Market
Mixed Performance in the Crypto Market Large cryptocurrencies experienced a mixed performance during morning trading on Monday. Among the major moves, Uniswap (UNIUSD) saw the biggest decline, falling by 1.93% to $6.60. On the other hand, Polygon (MATICUSD) led the increases with a climb of 1.50% to 85 cents. Decreases in Dogecoin and Solana Three other currencies posted … [Read more...] about Mixed Performance in the Cryptocurrency Market
