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The Timken Company Reports Third-Quarter 2026 Results

1 week 1 day ago
The Timken Company reported third-quarter 2026 results. The company delivered sales in the third quarter of $1.21 billion, up 4.7 percent from the same period a year ago. The company posted net income in the third quarter of $93.8 million or $1.34 per diluted share. This compares

ANC faces anger over poor services as South Africans vote in local elections

1 week 1 day ago

Party expected to get less than a third of the vote amid frustration over water outages and power cuts

The African National Congress is on course for a bruising result in South Africa’s local elections on Wednesday as voters go to the polls amid deep discontent over water outages, power cuts and crumbling infrastructure.

The former liberation movement, which Nelson Mandela led to power in 1994 at the end of apartheid as South Africa’s first black president, is still likely to be the largest party. However, polls showed it getting less than a third of the vote, down from 45.6% at the last municipal elections in 2021 and 40.2% in 2024’s national elections.

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Musk's Tesla and SpaceX Slide on Midterm Results

1 week 1 day ago
Shares of Elon Musk’s Tesla and SpaceX fell ahead of Wednesday’s US stock-market opening as Democrats swept to control of Congress. The so-called blue wave in the midterm elections will fan concerns about tighter regulations around AI. Max Chafkin has more on "Bloomberg Open Interest." (Source: Bloomberg)

Sources: Singapore-based, Nigeria-focused payments startup OPay halts its $300M US IPO just hours after pricing it due to inquiries from a Chinese regulator (Bloomberg)

1 week 1 day ago

Bloomberg:
Sources: Singapore-based, Nigeria-focused payments startup OPay halts its $300M US IPO just hours after pricing it due to inquiries from a Chinese regulator  —  China made eleventh-hour inquiries into OPay Ltd., prompting the Nigeria-focused payments company to halt its $300 million initial public offering …

Stocks Finished Mostly Higher on Chipmaker Strength

1 week 1 day ago
The S&P 500 Index ($SPX ) (SPY ) closed up +0.36% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.68%. December E-mini S&P futures (ESZ26 ) rose +0.36%, and December E-mini Nasdaq futures...

Stocks Finished Mostly Higher on Chipmaker Strength

1 week 1 day ago
The S&P 500 Index ($SPX ) (SPY ) closed up +0.36% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.68%. December E-mini S&P futures (ESZ26 ) rose +0.36%, and December E-mini Nasdaq futures...

Datadog Earnings Up In Q3

1 week 1 day ago
(RTTNews) - Datadog, Inc. (DDOG), an AI-powered observability and security platform, on Wednesday reported higher net income in the third quarter of 2026 compared with the previous year. The company raised its full-year 2026 outlook.