Latest News
Hot PPI Data Rattles Markets Ahead of Fed Decision; Micron Earnings in Focus
U.S. stock futures declined Wednesday following a hotter-than-expected Producer Price Index report for February, casting doubt on the Federal Reserve's rate cut timeline. Investors are focused on the Fed's policy decision and updated projections, with Micron Technology's earnings due after the close.
Ondas Secures $140M Military Deal with INDO Acquisition, Stock Holds Gains
Ondas Holdings completed the acquisition of INDO Earth Moving Ltd., a transaction tied to a $140 million military engineering contract. The company's stock maintained its recent gains in premarket trading following the announcement.
Mastercard's $1.8B BVNK Acquisition Accelerates Corporate Blockchain Adoption
Mastercard has agreed to purchase BVNK for as much as $1.8 billion, marking a major push into stablecoin and blockchain payment infrastructure. The deal coincides with corporate pilots by Citi and Aon using tokenization for trade finance and insurance payments.
U.S. Fuel Prices Surge Despite Crude Oil Retreat
U.S. gasoline and diesel prices climbed sharply this week despite falling crude oil prices, highlighting severe refined product shortages. China's fuel export ban is exacerbating global supply constraints.
SGX Cash-Rich Trio's Dividend Outlook Amid Asian Market Gains
Three Singapore-listed firms with strong balance sheets face questions over future dividend growth. Meanwhile, Asian equities advanced on robust export figures and easing oil prices, with Indian indices showing resilience.
Mortgage Rates Climb, Threatening Spring Housing Momentum
U.S. mortgage rates increased to 6.29% this week, reversing a brief dip below 6% and threatening the spring housing market's early momentum. California's median home price reached $830,370 in February, with sales remaining below 300,000 for the 41st consecutive month.
Bank of America Gains as Fed Outlook Firms, Legal Settlement Looms
Bank of America shares advanced 0.5% to $47.28, stabilizing after a sector selloff. Investors now anticipate only one Fed rate cut this year, impacting bank profit models. The bank also reached a settlement in principle over Jeffrey Epstein-related claims.
Oklo Shares Gain Despite Widening Loss, Fueled by Regulatory Milestones
Oklo's 2025 net loss expanded to $105.7 million, yet its stock climbed 1.4% following critical U.S. regulatory approvals for its nuclear reactor and isotope initiatives. The company holds $1.41 billion in liquidity.
Lululemon Shares Slide on Subdued 2026 Forecast Despite Q4 Beat
Lululemon's stock declined following a 2026 outlook that fell short of Wall Street expectations, despite the company reporting better-than-anticipated fourth-quarter results. The apparel retailer also announced the appointment of former Levi's CEO Chip Bergh to its board.
