Latest News
Fidelity Cuts FEPY Monthly Payout to C$0.21966
FEPY will pay C$0.21966 per unit on September 30, a 1.3% decline from August. The fund's trailing yield stands at 9.19%.
Wabtec Lands $700M Guinea Rail Deal After Hours
Wabtec signed a $700M+ rail-services agreement for Guinea's Simandou iron-ore project after Monday's close, equal to 2.3% of its June backlog.
Samsung Electro-Mechanics Rallies 4% but KB's Target Still 102% Away
Samsung Electro-Mechanics closed 4% higher at KRW1.486m after an 8.3% intraday jump faded. KB Securities forecasts record Q3 operating profit of KRW660.1bn, but its KRW3m target implies 102% upside and hinges on a 17.2% margin.
Alibaba's 20-GW AI Ambition Tests Cash Flow as Shares Climb
Alibaba shares gained 2.3% after unveiling a 20-GW cloud capacity target by 2032, but heavy capex and negative free cash flow raise concerns about the cost of AI expansion.
Titan's A$1.15 Bid Sends Global Lithium Up 50%, Spread at 15%
Global Lithium (ASX:GL1) jumped 49.9% to A$0.997 after Titan Australia offered A$1.15 per share, leaving a 15.3% spread as investors weigh deal risks.
Tencent Jumps 5.5% as AI Capex Hits Record; Buyback Lags
Tencent shares surged 5.5% in Hong Kong, outperforming the Hang Seng, as AI-driven capital spending hit RMB52.8B in Q2. Analysts remain divided on valuation.
Nine Entertainment Hits 52-Week Low Amid Debt and Ad Woes
Nine Entertainment shares touched a 52-week low of A$0.735, recovering to A$0.747. Publishing margins remain strong, but debt and TV advertising weakness pressure the stock.
WBD Jumps 10.8% on State Antitrust Settlement, Narrows Paramount Deal Spread
WBD closed at $30.80, up 10.79%, after a 12-state antitrust settlement. The $31 Paramount cash offer now sits just 20 cents above the stock, tightening the deal spread.
Ryan Cohen Boosts GameStop Stake with $26.4 Million Share Purchase
GameStop CEO Ryan Cohen purchased 1,150,680 shares for $26.39 million, increasing his beneficial stake to 8.7%. The stock rose 3.21% in after-hours trading.
Robinhood Rallies 2.9% as Bernstein's $160 Target Defies 54.5x P/E
Robinhood rose 2.9% to $123.30, extending a two-day gain of 12.3%. Bernstein's $160 target implies 29.8% upside, but the stock trades at 54.5x trailing earnings.
AMC Stock Jumps 7% on $3.97B Refinancing, but High-Cost Loan Raises Concerns
AMC shares climbed 7% after unveiling a $3.97 billion refinancing, but the package includes a pricey $1.12 billion loan at 11.25% fixed interest.
Wendy's Shares Dip 0.6% as $146.9M Franchise Dispute Threatens 314 Locations
Wendy's shares slid 0.6% to $6.70 after a $146.9 million franchise dispute with Meritage, which operates 314 stores (5.5% of U.S. locations), entered bankruptcy.