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Morgan Stanley Enforces China-Only Devices for Hong Kong Staff Amid Data Concerns
Morgan Stanley mandates Hong Kong-based bankers to use separate, restricted devices for mainland China trips, affecting over 300 staff. The move reflects growing data security concerns.
BofA Boosts Snowflake Price Target to $205 Ahead of Q1 Earnings
Bank of America Securities raised Snowflake's price target from $195 to $205, signaling about 20% upside before its May 27 earnings report, citing growing AI business intelligence momentum.
London Stocks Dip as BT Stalls, Sage Shines, and Oil Jitters Return
The FTSE 100 fell 0.34% on Thursday as BT's flat core earnings, easyJet's loss warning, and oil above $106 weighed on the index, though Sage's raised outlook provided a bright spot.
Fed Officials Signal Possible Rate Hikes Amid Sticky Inflation
Fed minutes show most officials may hike rates if inflation stays above 2%, shifting market expectations from cuts to possible increases.
Indian Stocks Hold Gains on Lower Oil, Rupee Recovery
Indian stocks traded higher on Thursday, supported by a drop in oil prices and a rebound in the rupee after RBI intervention, with Apollo Hospitals and Lenskart gaining on strong earnings.
SPCK ETF Rises as SpaceX Files for $75B IPO Under Former Ticker
SPCK closed up 0.64% at $22.09 after SpaceX filed for a $75 billion IPO under the fund's former ticker SPCX, amid a busy new-issue calendar.
EnerSys Surges After Hours on Earnings Beat and Strong Guidance
EnerSys shares rose 5.8% in after-hours trading after reporting Q4 adjusted EPS of $3.19 on $988M revenue, both above estimates, and Q1 guidance above consensus.
Silexion Rockets 97% on Cancer Trial News, Nasdaq Compliance and Cash Concerns Remain
Silexion Therapeutics shares surged 97% on Wednesday following Israeli approval for a Phase 2/3 trial of its pancreatic cancer drug SIL204, but the company still grapples with cash burn, dilution risks, and Nasdaq compliance.
AEVEX Soars on Q1 Profit, Revenue Surge and Air Force Deal
AEVEX shares jumped 10% after hours after reporting a Q1 profit of $21M, revenue of $216.7M, and new Air Force contracts worth $15.6M, prompting a raised full-year outlook.