Latest News
Anthropic's IPO Roadshow Pushed to Mid-October as $2T Valuation Hangs in Balance
Anthropic's IPO roadshow has slipped to mid-October, intensifying scrutiny of its reported $2 trillion valuation. Investors await the S-1 filing for details on revenue recognition and compute costs.
Home Depot's Labor Day Hours Vary Across Canada; U.S. Markets Closed
Home Depot's Canadian stores have differing Labor Day hours: Toronto and Montreal are closed, while Vancouver and Calgary remain open. U.S. markets are closed for the holiday, with HD stock at $321.05.
KOSPI Nears 7,000 as Chip Stocks Fuel Late Surge
South Korea's KOSPI surged 4.61% to 6,995.39, just shy of 7,000, powered by chip giants Samsung and SK hynix. Late buying from foreign and institutional investors drove the rally, though market breadth remains narrow.
Tesco and Waitrose Issue Allergy Alerts on Mislabeled Products
Tesco and Waitrose have issued recalls for mislabeled products, citing undeclared allergens. Tesco shares rose 0.8% despite the news.
ANZ Begins Suncorp Customer Migration, Synergy Targets Under Scrutiny
ANZ has begun notifying Suncorp Bank customers about their migration to ANZ, with transfers set for 2027. The bank targets AUD 500 million in annual synergies by fiscal 2029.
Manchester United's Transfer Gap Widens as Overy Departs
Manchester United (NYSE:MANU) confirmed James Overy's exit to Sydney FC, leaving the club's £110.4M summer transfer gap unchanged. The move is a development deal, not a cash boost.
Starbucks Holiday Hours Vary; Q4 Sales Test Looms
Starbucks (SBUX) kept many stores open on Labor Day with varied hours, but the real test is Q4 comparable sales growth of at least 6.5%. Traffic data will be key.
Gilt Yields Climb Past 5.15% as Curve Steepens on Supply and Oil
UK 10-year gilt yield hit 5.15%, while 30-year reached 5.79%. Curve steepens as oil prices surge and supply looms ahead of BoE decision.
Strait of Hormuz Ship Traffic Dips to May Low as Brent Holds Near $97
Ship traffic through the Strait of Hormuz hit a May low, while Brent crude held near $97 as markets assess supply risks and a delayed recovery.
Apple's NAND Deal Eases Supply Worries but Margin Risks Linger
Apple's reported NAND deal with Kioxia could secure memory supply for the iPhone 18, but margin risks remain as costs surge. Terms undisclosed.
AT&T's Columbus Outage Contained, Cash Flow Focus Remains
AT&T's 911 outage in Columbus was resolved Friday, with no disclosed financial impact. The company's cash flow guidance and churn metrics remain the focus.