Latest News
Hologic Completes $17.3B Private Equity Buyout, Almeida Named CEO
Blackstone and TPG have closed their $17.3 billion acquisition of Hologic, taking the company private. José Almeida succeeds Steve MacMillan as CEO, with former shareholders receiving $76 per share plus potential earnout.
Gas Price Relief Stalls as Strait of Hormuz Blockade Persists
A recent U.S.-Iran ceasefire has failed to quickly reopen the vital Strait of Hormuz, keeping oil supply constrained and gasoline prices elevated. Brent crude rebounded 3% on Thursday, signaling a persistent risk premium in the market.
Indian Equities Retreat on Geopolitical Tensions and Oil Price Surge
Indian benchmark indices fell sharply on Thursday, with the Sensex dropping 1.20%, as escalating oil prices and doubts over a U.S.-Iran ceasefire prompted a broad sell-off. Banking stocks were the hardest hit.
CoreWeave Secures $21B AI Cloud Expansion with Meta, Shares Rise
CoreWeave shares advanced following news of a roughly $21 billion AI cloud capacity agreement with Meta Platforms, set to run through December 2032. The deal comes alongside recent debt financing moves.
Intel Buys Back $14.2B Stake in Irish Fab, Bolstering AI Strategy Ahead of Earnings
Intel has regained full ownership of its Fab 34 facility in Ireland through a $14.2 billion buyback of Apollo's stake. The move strengthens Intel's manufacturing control as it prepares to report quarterly results and advance its AI initiatives.
Cramer Sees Relief Rally Highlighting Institutional Favorites
Jim Cramer highlighted stocks like Sherwin-Williams, Caterpillar, Home Depot, and Goldman Sachs as potential institutional favorites following Wednesday's market surge. Futures slipped Thursday as oil rose on ceasefire doubts.
FTSE 100 Steady Near 10,600 as Oil Rebound Threatens Ceasefire Gains
The FTSE 100 held steady near 10,600 on Thursday, consolidating after a sharp rally, as renewed doubts over a U.S.-Iran ceasefire sent oil prices climbing. The Bank of England anticipates a rise in mortgage demand for Q2.
Markets React to Geopolitical Tensions and Corporate Governance Moves
Global equities faced pressure Thursday as renewed geopolitical worries in West Asia rattled Indian and Asian benchmarks. Meanwhile, corporate news centered on governance shifts at Obayashi and valuation reviews for Rio Tinto and AtriCure.
