News

Micron Technology Inc. (MU) surpassed analyst expectations in its second-quarter financial results, reporting revenue of $8.05 billion and adjusted earnings per share of $1.56, driven by strong demand and technology leadership. The company anticipates record revenue in the third quarter and expects to achieve record revenue and significantly improved profitability in fiscal 2025.

J.P. Morgan analyst John Ivankoe's forum highlighted a shared focus on streamlining operations and reinvesting in customer and employee experiences among restaurant companies. The analyst recommended fresh investments in Dutch Bros, Starbucks, and CAVA, while upgrading CAVA to Overweight and reiterating a Neutral rating on Chipotle and EAT.

Signet Jewelers received a price target increase from Telsey Advisory Group, with the analyst citing better-than-expected sales and tighter expense control. The company is implementing a "Grow Brand Love" strategy and focusing on increasing its share in core categories like gold and bridal, while expanding into adjacent markets like self-purchase and gifting.

At the Naruse Dam construction site in Japan, autonomous bulldozers and rollers operate tirelessly, driven by AI that optimizes workflow and addresses the industry's labor shortage. This technological revolution promises to revolutionize construction, ensuring efficient infrastructure development and maintenance.

Russia has permanently banned nine Japanese citizens, including Foreign Minister Takeshi Iwaya, from entering the country in retaliation for Japan's sanctions related to the Ukraine conflict. This follows similar bans on 13 other Japanese nationals in July 2024, highlighting the ongoing tensions between the two countries.