📊 James Hardie faces fraud lawsuit

Author

Ryan Serkes
November 06, 2025

Hi everyone, here is your 📊 Daily Trade.

Here's what's happening today:

📊 US services sector sees growth amid weak employment
📈 Iron Mountain projects strong data center growth
⚖️ James Hardie faces lawsuit over inventory misstatements
💰 Gevo sells $30M in production tax credits
🏙️ Seattle business tax rewrite gains voter support
🎁 +8 more stories you might like
📊 US Services Sector Grows Despite Employment Challenges Link
  • The US services sector reached an eight-month high in October, driven by strong new orders.
  • Despite this growth, employment in the sector remains weak, reflecting broader economic uncertainties.
  • Trade tensions and tariffs continue to impact export orders and business sentiment.
📈 Iron Mountain Expects Robust Data Center Growth Through 2026 Link
  • Iron Mountain reported record financial performance with significant revenue and EBITDA growth.
  • The company anticipates over 25% data center revenue growth in 2026, driven by strong leasing momentum.
  • A new Treasury contract is set to contribute significantly to future revenue and dividend growth.
⚖ James Hardie Faces Securities Fraud Lawsuit Over Inventory Claims Link
  • James Hardie Industries is accused of misleading investors about inventory levels and demand.
  • The lawsuit claims the company concealed weak demand in its North American segment, leading to a stock drop.
  • Hagens Berman is investigating the claims and seeking damages for affected investors.
💰 Gevo Sells $30 Million in Clean Fuel Tax Credits Link
  • Gevo sold its remaining 2025 Section 45Z Clean Fuel Production Credits for $30 million.
  • The sales support Gevo's cash flow and enable reinvestment in its ethanol and carbon businesses.
  • These credits are part of a federal incentive to boost domestic biofuel production and agriculture.
🏙 Seattle Voters Support Business Tax Overhaul Link
  • Seattle's proposed business tax rewrite, which lowers taxes for small businesses, is gaining voter approval.
  • The measure would increase taxes for large companies, impacting those with over $5.7 million in revenue.
  • Another measure, Proposition 1, aims to expand education and child care programs, also received strong support.

Other news & articles you might like

  • 🚗 Lucid misses expectations amid SUV launch issues (Link)
  • 💼 Silver Point leads Goodyear Chemical acquisition financing (Link)
  • ⛳ Acushnet stock rises despite earnings miss (Link)
  • 🚁 Bristow projects strong EBITDA growth for 2026 (Link)
  • 🔍 Fiserv under investigation for potential securities fraud (Link)
  • ⚠️ KBR faces lawsuit over military contract termination (Link)
  • 🏦 REFI margin miss highlights cautious outlook (Link)
  • 📊 Jackson Financial beats Q3 earnings estimates (Link)

You might also like…

We’re always looking for opportunities to bring our readers more value so we’ve partnered with a handful of companies that we think you might enjoy.

How would you rate today's newsletter?

If there's anything I can do better, please reply to this email and let me know!

Login or Subscribe to participate in polls.