Articles by Daniel Marsh
ASX 200 sinks 1.4% as Middle East strife fuels oil surge, banks and tech slide
Australian shares fell sharply Thursday, with the S&P/ASX 200 down 1.4% to 8,592.90 as renewed fighting near the Strait of Hormuz drove oil prices higher. Banks, miners, and tech stocks each lost over 2%, while gold miners dropped 7.1%.
Wall Street Ends at Records, After-Hours Signals Mixed
The Dow, S&P 500, and Nasdaq finished at record highs Wednesday, but after-hours trading showed mixed signals with Snowflake surging and Salesforce falling. Oil prices rebounded on U.S.-Iran tensions.
Alaska-Hawaiian Merger Hits Turbulence Over Flight Attendant Uniforms
Alaska Air Group's merger with Hawaiian Airlines faces a cultural clash as flight attendants protest new uniform rules banning leis and aloha shirts on certain flights.
Nebius Surges 11.5% After AI Fund Discloses 5.6% Stake
Nebius Group shares surged 11.47% after-hours Wednesday after a filing showed Situational Awareness LP took a 5.6% stake. The AI cloud firm reported Q1 revenue of $399M, up 684%.
Nu Holdings Edges Up on Nubank's $130 Million Colombia Expansion
Nu Holdings shares edged up 0.4% to $13.03 after Nubank's $130 million Colombia investment and 5 million customer milestone, though the stock is down 22% YTD amid credit quality concerns.
Ambev Stock Near Multi-Year Highs as Analyst Views Diverge Sharply
Ambev shares hover near multi-year highs as analysts split on the brewer's pricing power and volume outlook after Q1 earnings.
Independent Bank Corp Stock Dips on HCB Buyout Prospectus Release
Independent Bank Corporation shares slipped 0.8% after releasing a prospectus for its $70.2 million acquisition of HCB Financial Corp, with a shareholder vote scheduled for June 17.
Dow Hits Record High as Oil Plunges; AI Stocks Take a Breather
The Dow Jones Industrial Average closed at a record high of 50,650.76 on Wednesday, lifted by healthcare and consumer stocks, as oil prices tumbled and AI-related shares cooled.
Dow Jones Industrial Average Reaches New All-Time High as AI Rally Pauses
The Dow Jones Industrial Average hit a record close of 50,650.76 on Wednesday, driven by healthcare and consumer stocks, while the broader market paused after an AI-led surge. Chip stocks cooled, and energy shares fell with crude oil.