Investment Thesis Modine Manufacturing Company (NYSE:MOD) designs and manufactures engineered heat transfer systems and components for use in on- and off-highway original equipment manufacturer (OEM) automotive applications. Over the last year, the company has seen exemplary performance as marked by record financial performance both in Q4 and 2023 FY, with…

The Federal Reserve signalled its support for two more interest rate rises this year, including one that could be implemented at its next meeting in July, even as it skipped an increase for the first time in more than a year. At the end of its two-day gathering on Wednesday,…

A Senate panel on Wednesday zeroed in on a Democratic-led bill that would implement a range of ethics and transparency reforms at the Supreme Court, with a pair of experts urging passage of the legislation to address a “crisis” at the high court. “If the Supreme Court isn’t going to…

Odds of a “hard landing” in the U.S. are rising, warns Campbell Harvey of Research Affiliates. That’s because the Federal Reserve has this year continued battling inflation with interest-rate increases, on top of aggressive rate hikes over the past year, to compensate for being too slow to realize the surge…

By Stuart Condie SYDNEY–Baby Bunting Group shares tumbled more than 20% to a five-year low after the Australian baby-goods retailer slashed its annual profit guidance on weak sales. Investors sold after Baby Bunting said its annual promotion delivered what it called unprecedentedly low sales. As a result, the company cut…

It’s certainly a bad time to refinance your mortgage. Rates for 30-year-mortgages are the highest they’ve been in decades. But not too long ago, during the 2020 pandemic, rates dropped to below 3%, and it was a good time to refinance. About $14 trillion of outstanding mortgages were refinanced then.…

Former President Donald Trump is due to surrender Tuesday in Miami after his indictment last week in a classified-documents case. What does this case mean for the 2024 White House race, where Trump has a big lead in polls for the Republican primary? Analysts are predicting that it could help…

© Reuters. FILE PHOTO: A view shows a stop sign at a security gate to the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/ NEW YORK (Reuters) – Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to refill its depleted…

By Leah Douglas WASHINGTON (Reuters) – The U.S. Department of Agriculture will temporarily close a damaged laboratory building at its flagship Maryland research site, a spokesperson told Reuters, shortly after employees filed a federal complaint alleging unsafe work conditions there. Reuters exclusively reported on May 19 that employees at the…

By Dhara Ranasinghe LONDON (Reuters) – The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback’s safe-haven appeal. U.S. President Joe Biden on Sunday finalised a budget agreement with House…