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Steel rebar futures slipped below CNY 3,090 per ton, reaching their lowest level in four weeks as Chinese markets reopened following a week-long holiday, with the industry continuing to grapple with deteriorating steel margins. Industry data showed that only 6.9% of Chinese steelmakers were profitable by the end of Sep
Carnival (+13.7%), Bloom Energy (+11%) and Royal Caribbean (+7.5%) topped S&P 500 gainers, while Fair Isaac (-27.7%) and Equifax (-3.9%) were among the biggest decliners as the index was 0.11% lower at 7,675.00 at 3:30 p.m. EDT.
Alliance Entertainment said fiscal 2026 revenue rose 8% to $1.15 billion, while adjusted EBITDA increased 14% to $41.5 million. The company also said fourth-quarter revenue climbed 18% year over year to $268.1 million.