Latest News
Apple's iPhone 18 Launch Phasing Could Reshape Quarterly Revenue Mix
Reports suggest Apple will launch premium iPhone 18 models in fall 2026, with base models in early 2027, potentially shifting revenue timing and testing margins.
Evergrande Founder Gets Life Sentence; Creditors Face 99% Loss
Hui Ka Yan's life sentence underscores the massive shortfall for Evergrande creditors, who face a 99% loss as asset recoveries remain minimal.
Global Markets Update: SEBI Bars JPMorgan Arm, WSP Pursues Arcadis, and More
India's SEBI bars JPMorgan entity over auction manipulation; WSP presses Arcadis bid; German PPI accelerates; Skanska wins data center deal; IDP plunges; China holds rates.
easyJet Axes Leeds Operations Amid Apollo Takeover Pressure
easyJet is exiting Leeds Bradford Airport entirely, dropping six routes by January 2027. The move, representing less than 0.6% of its network, underscores capacity discipline as Apollo's £7.15/share takeover offer progresses.
DraftKings Rises 5% as MLB Promo Costs Cloud Margin Outlook
DraftKings stock climbed 5.3% as MLB promotions boosted interest, but Q2 results reveal declining revenue per user and compressed margins. Analysts see upside despite lowered targets.
Gold Miners Outperform Bullion as Prices Near $4,500
Gold nears $4,500 as mining stocks rally over 9%, doubling bullion gains. ETF inflows and falling yields support the precious metal.
CBA Shares Slide 8.8% Despite Record Profit as Valuation Premium Persists
Commonwealth Bank shares tumbled 8.8% over the past week even after posting a record annual profit, as its rich valuation and rising credit concerns weigh on investor sentiment.
AgBank Leads Big Four with 4.5% Profit Gain, But Margin Squeeze Lingers
Agricultural Bank of China outpaced its Big Four peers with 4.52% first-quarter profit growth, though its net interest margin slipped to 1.26%. Shares rose 2.58%.
CSL Surges Past Analyst Targets After Robust Two-Day Rally
CSL shares soared 23.7% in two sessions, surpassing pre-results analyst targets. The biotech's underlying profit stability and A$1.1 billion buyback fueled investor optimism.
SpaceX Shares Slide 2.6% as 319 Million-Share Lockup Expiry Looms
SpaceX shares dropped 2.6% to $139.65 as a 319 million-share lockup expiry approaches, representing 4.4 times Wednesday's volume. The stock remains 3.4% above its IPO price.
HSBC's Modest Buyback Signals Caution Amid Thin Capital Buffer
HSBC's $1B buyback is more signal than support, as its CET1 ratio sits near the lower end of its target range, prompting caution despite strong earnings.