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Bradesco Shares Dip Amid Capital Hike, Brazil Rate Outlook
Banco Bradesco's U.S.-listed shares declined following a formal capital increase and a scheduled shareholder vote on spinning off its healthcare unit. The moves come as Brazil's central bank adjusts monetary policy amid shifting inflation expectations.
Oil Surge, Fed Outlook Sink Major Indexes
U.S. equities declined sharply, with the Dow dropping roughly 460 points, following a spike in oil prices and a more cautious Federal Reserve stance on inflation and rate cuts.
Eight States Sue to Block Nexstar's $6.2 Billion Tegna Acquisition
A coalition of eight states has filed an antitrust lawsuit seeking to halt Nexstar Media Group's proposed $6.2 billion acquisition of Tegna, arguing the deal would harm competition and raise costs for consumers.
Nebius Secures $4B in Convertible Debt to Fuel AI Expansion
Nebius Group has priced a $4 billion convertible notes offering, with proceeds earmarked for AI infrastructure expansion. The move follows a $12 billion computing agreement with Meta and comes as the company reports significant quarterly losses amid heavy investment.
Blue Owl Shares Dip as BofA Calls Private Credit Fears Excessive
Blue Owl Capital shares declined slightly on Thursday following a Bank of America research note stating concerns around private credit managers are exaggerated. The stock has fallen nearly 40% year-to-date amid broader sector strain.
Tencent Music Shares Rebound Slightly After Steep Guidance-Driven Plunge
Tencent Music Entertainment shares edged higher Thursday, recovering a fraction of their 25% Tuesday plunge triggered by disappointing financial guidance and a decision to stop reporting quarterly user data. Several analysts cut ratings, citing reduced visibility.
Micron Shares Dip on Capex Surge Despite Record AI-Driven Results
Micron Technology shares declined despite posting record quarterly revenue and a robust outlook, as investors focused on a significant increase in planned capital expenditures. The memory chipmaker now expects to spend over $25 billion in fiscal 2026.
SanDisk Retreats Despite Bullish Citi Target as AI Memory Rally Cools
SanDisk shares declined 1.5% to $742.50, even after Citi lifted its price target to $875. The pullback highlights growing valuation concerns amid a surge fueled by AI data center demand for NAND flash memory.
Ford Shares Slide Amid Oil Spike, Tariff Pressures, and Supply Chain Concerns
Ford Motor shares declined 2.2% in Thursday trading, pressured by surging oil prices, significant tariff expenses, and ongoing aluminum supply issues from key supplier Novelis.
Markets Retreat as Middle East Conflict Sparks Oil Surge, Fed Inflation Fears
U.S. equity markets opened lower Thursday following a spike in oil prices after Iranian military action targeted key Gulf energy infrastructure. The Federal Reserve held interest rates steady but warned the conflict complicates the inflation outlook.
Accenture Shares Gain on Strong Q2, Yet Cautious Outlook Weighs on IT Sector
Accenture posted better-than-expected fiscal second-quarter results and lifted its full-year revenue guidance. However, its third-quarter forecast fell short of analyst expectations, reflecting ongoing client caution on large-scale IT investments.