
Student Arrivals to US Continue to Plummet, With Asia Hit Especially Hard
The declines were most pronounced from Asia, the largest international education market, as the Trump administration's immigration policies created bottlenecks and a chilling effect on prospective students.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Lowe's to buy Foundation Building Materials for $8.8 billion to boost contractor business
(Reuters) -Lowe's Cos said on Wednesday it has agreed to buy interior building products distributor Foundation Building Materials for nearly $8.8 billion, stepping up its expansion into the professional builder market. Shares of the home improvement chain rose 4.3% in premarket trading as the company also beat second-quarter profit estimates. Lowe's and rival Home Depot are leaning on deals to bolster their businesses that serve contractors and builders, a key growth area, amid softness in the do-it-yourself segment. Lowe's acquired Artisan Design for $1.33 billion in April, while Home Depot in late June decided to buy specialty building products distributor GMS for about $4.3 billion. The company raised its total annual sales forecast to a range of $84.5 billion to $85.5 billion, compared to its prior expectation of $83.5 to $84.5 billion. It earned $4.33 per share on an adjusted basis in the quarter, exceeding estimates of $4.24, according to data compiled by LSEG. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
FlexGen completes Powin assets acquisition, enhancing storage support
Energy storage technology provider FlexGen Power Systems has closed the acquisition of assets and intellectual property (IP) from Powin. The move positions FlexGen as a major supporter of more than 25 gigawatt hours (GWh) of battery energy storage systems (BESS) across more than 200 sites in ten countries with its software and services. In early August 2025, the company received approval from the US Bankruptcy Court for the District of New Jersey for the acquisition. The acquisition enhances FlexGen's international standing within grid-scale storage solutions. It comes at a crucial time when energy infrastructures globally face increased demand for reliable performance. FlexGen CEO Kelcy Pegler stated: 'Batteries are critical to meeting the world's growing demand for affordable, reliable electricity. This is more than an acquisition – it's a reflection of FlexGen's commitment to immediate continuity and the future of grid-scale storage. 'FlexGen's proven operational excellence, hardware-agnostic software and commitment to innovation uniquely position us to maximise the value of these Powin assets today, while enhancing the reliability and performance of energy grids worldwide for years to come.' FlexGen has also strengthened its workforce by integrating former Powin team members. This ensures that customers experience seamless service continuity and retain critical technical knowledge for the supported systems. Existing clients of Powin will continue to receive consistent support without interruption, and have the opportunity to improve system uptime and longevity by transitioning to FlexGen's proprietary HybridOS platform alongside their comprehensive lifecycle services. Powin CEO Brian Kane stated: "Powin is proud of the technology and projects we've delivered. The goal was to ensure that those systems and customers are supported by an industry leader that provides the support and services enabling reliable, long-term operation. 'Based on their experience and reputation, and having collaborated with their team in recent days, we have full confidence that FlexGen is that leader.' In April 2025, Trina Storage partnered FlexGen to implement a 371 megawatt hour energy storage system in the US state of Texas. The project, developed by SMT Energy, showcases Trina Storage's cutting-edge Elementa 2 solution. "FlexGen completes Powin assets acquisition, enhancing storage support" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
Target beat low earnings expectations as sales continue to fall
Target (TGT) continues to miss the mark on earnings day. The results on Wednesday morning aren't as shockingly bad as the first quarter, but the retailer is still struggling to find its place in the new economic norm of more discerning shoppers. Target's second quarter earnings narrowly surpassed consensus forecasts as it wrung out cost savings. The company also maintained the full-year outlook it slashed three months ago. But headwinds from a pressured US consumer, an influx of tariffs from the Trump administration, market-share loss to rival Walmart (WMT), and operational challenges were apparent. Target's comparable sales fell 1.9% from a year ago, led by a 3.2% drop at its stores. Comparable digital sales increased 4.3%. Gross profit margins declined to 29% from 30% a year ago. "While we're not pleased with the results, we're encouraged by the improved performance as we go into the third quarter of the year," Target chair and CEO Brian Cornell told me by video call. Target's stock is down 23% in 2025, compared to Walmart's 13% gain. Fixing what ails Target is about to be someone else's responsibility. Target is tapping a homegrown talent as its next CEO at one of the most pivotal moments in the company's 63-year history. The discounter announced that longtime CEO Cornell's heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026. Cornell, who has been CEO of Target since August 2014, will slide into the executive chair position for an undetermined period of time. Fiddelke joined Target in 2003 as an intern and rose through the ranks to CFO and then COO. Earnings analysis Second quarter net sales: -0.9% year over year to $25.2 billion, vs. estimates for $24.53 billion Gross profit margin: 29% vs. 30% a year ago, vs. estimates for 28.08% Diluted earnings per share: -20.2% year over year to $2.05, vs. estimates for $2.01 Comparable sales: -1.9% year over year, vs. -3.14% estimate (Last year, comparable sales rose 2%.) Digital comparable sales: +4.3% What else caught our attention Inventory rose +2.2% from the year-ago period (estimates: +3.44%). The company didn't repurchase any stock in the quarter; $8.4 billion remains available to repurchase under a prior authorization. The number of transactions fell 1.3% in the quarter, and the average transaction amount dropped 0.6%. Full-year earnings per share are projected to be $7 to $9 (fiscal year 2024: $8.86), compared to estimates of $7.28. Comparable sales down by a low-single-digit percentage. Previous guidance (May): $7 to $9; low-single-digit percentage drop in comp sales. Original 2025 guidance: $8.80 to $9.80. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data