Indian Markets Edge Higher as Banking Gains Counter Oil and Rupee Risks
Markets Daniel Marsh

Indian Markets Edge Higher as Banking Gains Counter Oil and Rupee Risks

Indian shares rose Friday, led by private banks, as the Nifty 50 gained 0.69% to 23,818.25. Gains were capped by high oil prices and a weak rupee.

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Lloyds, SpaceX IPO, and Market Divergence Lead Today's Financial News
Markets Daniel Marsh

Lloyds, SpaceX IPO, and Market Divergence Lead Today's Financial News

Lloyds Banking Group shares have risen 22% in the past year, showcasing strong dividend power. SpaceX files for a landmark IPO, while market divergence highlights tech optimism versus inflation concerns.

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Dow Closes at Record High Amid Late-Session Tech Buying
Markets Daniel Marsh

Dow Closes at Record High Amid Late-Session Tech Buying

The Dow closed at a record 50,285.66, rising 0.55%, with the S&P 500 and Nasdaq also higher. Nvidia slipped despite record revenue, as oil and inflation concerns linger before the holiday weekend.

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OpenAI Nears Public Debut, IPO Filing Imminent
IPO Michael Okonkwo

OpenAI Nears Public Debut, IPO Filing Imminent

OpenAI is set to confidentially file for an IPO, aiming for a September listing. A recent court victory removes a major hurdle, boosting its private market value.

MSFT DELL
Estée Lauder Shares Jump After Merger Talks Collapse
Markets Daniel Marsh

Estée Lauder Shares Jump After Merger Talks Collapse

Estée Lauder shares rose about 10% in extended trading after ending merger discussions with Spain's Puig, shifting focus to its standalone turnaround strategy.

EL
WhiteFiber Soars 22% on $160M AI Deal; Funding Test Looms in July
Technology Sarah Chen

WhiteFiber Soars 22% on $160M AI Deal; Funding Test Looms in July

WhiteFiber shares surged 22% on a $160M AI compute deal for a Paris deployment. The contract uses NVIDIA GPUs, but execution and financing remain key hurdles ahead of a July service launch.

NVDA
Spirit's Collapse Looms Over Summer Travel, Airfares Set to Rise
Markets Daniel Marsh

Spirit's Collapse Looms Over Summer Travel, Airfares Set to Rise

Spirit Airlines' May 2 shutdown, driven by rising fuel costs and funding gaps, is pressuring summer airfares as competitors scramble to fill routes.

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Lockheed Martin Starts $9B Alabama Missile Plant as Pentagon Urges Stockpile Rebuild
Markets Daniel Marsh

Lockheed Martin Starts $9B Alabama Missile Plant as Pentagon Urges Stockpile Rebuild

Lockheed Martin began construction on a new munitions facility in Troy, Alabama, to expand THAAD interceptor production and prepare for the Next Generation Interceptor, part of a $9 billion investment to ramp up missile output.

LMT
Grab Holdings Gains on Superbank Consolidation in Indonesia
Markets Daniel Marsh

Grab Holdings Gains on Superbank Consolidation in Indonesia

Grab's stock climbed 1.6% to $3.56 after it consolidated Superbank in Indonesia, raising its stake above 50% and folding the lender's results into its financial-services segment from May 2026.

GRAB
Blue Owl Capital Gains 5% as Private-Credit Demand Holds Steady
Markets Daniel Marsh

Blue Owl Capital Gains 5% as Private-Credit Demand Holds Steady

Blue Owl Capital shares jumped nearly 5% on Thursday, outpacing peers as private-credit demand remains steady despite ongoing sector concerns.

OWL
Deckers Outdoor shares swing after earnings beat, margin guidance disappoints
Earnings James Calloway

Deckers Outdoor shares swing after earnings beat, margin guidance disappoints

Deckers Outdoor shares closed up 4.5% after beating quarterly expectations, but retreated in after-hours trading as the company's lower-margin outlook for fiscal 2027 tempered investor enthusiasm.

DECK
Ackman Shifts from Alphabet to Microsoft as AI Bets Diverge
Markets Daniel Marsh

Ackman Shifts from Alphabet to Microsoft as AI Bets Diverge

Bill Ackman's Pershing Square sold nearly all its Alphabet shares and bought a $2.09 billion Microsoft stake, while Daniel Loeb's Third Point made opposite moves, highlighting a divide in AI investment strategies.

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