03:23 PM EDT, 07/18/2024 (MT Newswires) -- Consumer stocks were falling late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.2%. In corporate news, D.R. Horton ( DHI ) shares surged 10% after its fiscal Q3 results unexpectedly advanced year over year, while the company...

Some European cannabis companies are already planning initial public offerings (IPOs) on the Nasdaq, encouraged by the prospect of a less restrictive regulatory environment. The potential rescheduling of cannabis to Schedule III of the Controlled Substances Act and Germany's recent decriminalization have ignited optimism within the sector. Grow Group, a UK-based medical cannabis distributor, is spearheading this movement with a planned Nasdaq IPO...

Shares of Super Micro Computer, Inc. ( SMCI ) are trading lower on Thursday. The decline is part of a broader selloff in the semiconductor and hardware sectors, which have been experiencing volatility despite gaining momentum earlier this year due to advancements in AI technology. What’s Going On: Super Micro Computer ( SMCI ) gained attention earlier this week following...

LONDON, July 18 (Reuters) - Senior executives from British defence firms including BAE and Babcock met Ukrainian President Volodymyr Zelenskiy on Thursday to discuss the need to boost military support for the country in its conflict with Russia. Zelenskiy was in Britain for a summit of the European Political Community (EPC) and the meeting in London also included representatives from...