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Siemens Energy has begun preparations to separate its Transformation of Industry division, a unit employing 17,000 people and generating €5.7 billion in revenue, as part of a strategic reshaping toward faster-growing power businesses.
Hyundai Motor Group has grown its U.S. market share more than any major automaker this decade, increasing from 8.4% in 2020 to 11.8% through mid-year, and plans further expansion through a $26 billion investment.
Anthropic reported an annualized revenue run rate of $65 billion in July, representing sevenfold growth year-over-year, as the AI company prepares for an anticipated IPO filing.
Home Depot beat earnings expectations and reaffirmed full-year guidance, citing market share gains despite what its CFO called ‘frozen housing market conditions’ limiting consumer spending.
Target posted stronger quarterly sales and raised full-year guidance, supported by a $752 million tariff refund boost. The retailer’s comparable sales exceeded Wall Street expectations as its turnaround strategy gains momentum.
BMO’s transportation unit, being sold to Stonepeak, showed strengthening trucking credit conditions in third-quarter earnings, with provisions for credit losses hitting their lowest level since early 2023.
