Latest News
HSBC Sells Singapore Insurance Unit at 23x Earnings; Buyback Decision Looms
HSBC has agreed to sell its Singapore insurance business to Allianz for S$2.7 billion, representing 22.9 times projected 2025 earnings, as the bank nears a key capital return decision.
TeraWulf Stock Edges Up Following Lucrative Anthropic AI Lease Deal
TeraWulf closed Friday at $18.46, down 7.9% on the day but up 1.7% for the week, buoyed by a $19 billion AI lease with Anthropic.
Nokia Stock Tumbles 10% Despite AI Order Surge and Profit Beat
Nokia shares fell 10.3% over Thursday and Friday, closing at €8.222, despite Q2 comparable operating profit exceeding expectations by 13.6% and AI/cloud orders reaching €2.8 billion.
SELLAS Life Sciences Stock Tumbles 14% on REGAL Trial Uncertainty
SELLAS Life Sciences shares dropped 14% on Friday amid investor caution over the REGAL Phase 3 trial timeline, testing the company's $2.2 billion market cap.
Cisco Surges Past Nasdaq Despite Light Volume
Cisco (CSCO) closed at $114.17, up 1.25% on Friday and 2.0% for the week, outperforming the Nasdaq by 4.1 points. However, trading volume was 33% below average, questioning the rally's sustainability.
NuScale Power Stock Edges Higher on Week After $260M Cash Injection
NuScale Power (SMR) shares advanced 4.8% over the week, closing at $8.09 on Friday. The company raised $250.8M from share offerings, covering 96.5% of a $259.9M payment from ENTRA1.
Walmart's Valuation Test: Private-Label Push Faces Scrutiny After 4% Weekly Drop
Walmart shares fell 4.2% for the week, raising questions about its premium valuation. The retailer's private-label growth strategy faces a key test.
United Airlines Shares Flat Despite Bullish 2026 Guidance: No Premium Yet
United Airlines (UAL) shares rose 2.5% on Friday but remain flat on the week after updating 2026 guidance. The stock trades at 11.8x EPS midpoint, below Delta and Southwest.
Rivian Stock Hovers Near Offering Price Ahead of Q2 Earnings
Rivian (RIVN) shares closed Friday at $15.84, only 2.2% above the recent $15.50 offering price, as the market awaits Q2 earnings with key focus on R2 production and cash burn.
