CommScope rallies on deal to sell units to Amphenol for $2.1 billion

by OverviewFX | Jul 18, 2024 | Stocks

CommScope Holding Co. Inc.’s stock jumped more than 11% on Thursday after the networking technology company said it agreed to sell two business units with a combined 4,000 employees to Amphenol Corp. for $2.1 billion.

Infosys sales edge past consensus as it nudges up outlook

by OverviewFX | Jul 18, 2024 | Stocks

Indian outsourcing giant Infosys reported growing profits as it forecast a slight pickup in sales growth for the year.

Meta in talks to buy a near $5 billion stake in Ray-Ban sunglasses parent: WSJ

by OverviewFX | Jul 18, 2024 | Stocks

Meta Platforms is in talks to pay nearly $5 billion for a 5% stake in France-based eyeglass giant and Ray-Ban parent EssilorLuxottica SA, according to a report in The Wall Street Journal.

Nearly 50 million people play pickleball. Will they also try this pickleball videogame?

by OverviewFX | Jul 18, 2024 | Stocks

PPA Pickleball Tour 2025, a game that launches this week, aims to expand the audience for the sport.

Philadelphia Fed’s factory gauge improves markedly in July

by OverviewFX | Jul 18, 2024 | Stocks

The Philadelphia Fed said Thursday its gauge of regional business activity rose to 13.9 in July from 1.3 in the prior month.

Jobless claims jump t0 243,000 and match nearly one-year high

by OverviewFX | Jul 18, 2024 | Stocks

The number of Americans who applied for unemployment benefits last week shot up to 243,000 and matched a nearly one-year high, driven by a spike in new job less claims in Texas after hurricane Beryl.