Shares of Kongsberg Gruppen rallied on Wednesday as the Norwegian maker of defense systems and marine equipment said it benefited both from increased defense spending and the green energy transition.
Wednesday’s figures came as no surprise for many economists, who expect inflation to stay low throughout the year as a drawn-out property slump continues to dent consumer confidence and spending.
LegalZoom said now is the right time for the move as it “increases its focus on shifting towards subscription-based revenue to drive long-term profitable growth.”
Chipotle Mexican Grill on Tuesday said that Chief Financial Officer Jack Hartung will retire from the fast-casual chain on March 31, capping a more than two-decade career in the company’s top financial role.