$10.53
+0.10 (+0.96%)
KRSP News30 articles
Energy Price Surge Eases, Yet Core Inflation Remains Sticky at 0.3%
October CPI rose 0.4% as energy inflation slowed sharply, but core prices held at 0.3%, keeping Fed rate hike prospects alive. Shelter and food costs stay elevated.
SOXX 3-for-1 Split: Price Reset and Options Adjustments
SOXX begins trading on a 3-for-1 split basis, with the closing reference reset from $450.41 to $150.14. Options contracts are adjusted, and MIAX cancels resting orders.
Oil Prices Slide Despite Sharp Drop in U.S. Distillate Inventories
Oil prices fell Wednesday despite a U.S. inventory report showing a sharp draw in distillate supplies. WTI dropped $2.19 to $93.90, while distillate stocks fell 3.6 million barrels.
Stocks Rebound as Oil Prices Slide; Manufacturing Costs Still Climb
U.S. stocks rebounded Monday as oil prices plunged, but a factory survey revealed widespread cost increases, casting doubt on the relief rally.
Marvell's $115B Lumentum Buy Priced at 22.8x Sales
Marvell Technology acquires Lumentum in a $115 billion all-stock deal, valuing the optical firm at 22.8 times its latest annualized revenue. The deal is set to close in the first half of 2028.
Exxon Fuel Unit Outearns Upstream as Pump Prices Hold Above $4
ExxonMobil's fuel unit outearned its upstream business in Q3, with adjusted profits leading by $1.745B. U.S. gas prices remain above $4 per gallon.
Moonshot AI's Kimi K3.1 Pro: Lower Token Prices, Flat Task Costs
Moonshot AI's Kimi K3.1 Pro cuts token prices by a third, but total benchmark task costs remain flat at $1.98 due to higher output. The model shows major gains in autonomous computer use.
Mixed Open as ISM Price Surge Caps Nasdaq Rally
U.S. stocks opened mixed Monday as a 5.30% 10-year yield and rising ISM prices tempered gains. Nasdaq rose 0.5%, while Dow slipped. PTC surged 34.8% on Schneider's $22.6B bid.
Australian Fuel Prices Surge: Diesel Up A$9.45 Per Fill
Australian diesel prices surged A$9.45 per 50-litre fill in a week, hitting 286.8c/L. Qantas (ASX:QAN) faces A$3.6B fuel bill. Petrol also rose 6%.
Warner Bros. Discovery Stock Inches Closer to Paramount Buyout Price
WBD shares closed at $30.76, 0.78% below Paramount's $31 base offer. The studio delayed 'Gremlins 3' by 321 days to October 2028, as Q2 Studios revenue fell 39%.
Bitcoin ETFs Attract $1.36B But Price Lags Below $87K
Despite $1.36B in ETF inflows, Bitcoin price stalled below $87K, trading near $85,800. A $15.9B options expiry Friday adds uncertainty.
OpenAI Prices GPT-6 Sol at $2 per Million Tokens, Pressuring Microsoft's Cloud Margins
OpenAI's new GPT-6 Sol model costs $2 per million input tokens and $10 per million output tokens, 80% less than Astra. Microsoft shares fell 0.72% to $498.00.
Newfoundland Fuel Prices Mixed as Stingray Radio Revenue Drops 6.5%
VOCM reports gasoline up 1.5 cents and diesel down 5 cents in Newfoundland, while Stingray's radio revenue fell 6.5% to C$32 million last quarter.
AMD Rally on Unverified Price Hike Speculation
AMD closed at $615.52, up 9.95%, but no confirmation of a reported 10% Q4 price hike. Analysts' average target implies 4.7% upside, with data center growth driving sentiment.
GRAIL Soars 35% Ahead of FDA Panel, Topping All Analyst Price Targets
GRAIL shares surge 34.7% to $108.78 two days before FDA panel review of Galleri test, outpacing all analyst price targets as investors price in approval.
UK Food Price Surge Forecast as El Niño Threatens Supply Chains
The FDF predicts UK food inflation will climb to 6.4% by July 2027, driven by El Niño and other cost pressures, testing major grocers.
WBD Stock Surges to Within 1.4% of Paramount's $31 Buyout Price
WBD stock rallied 9.95% to $30.565, leaving just 1.4% upside to Paramount's $31 cash offer. California settlement talks and a ticking fee support merger optimism.
Motio Surges 13.5% on IVE Cash Offer; Stock Nears Bid Price
Motio shares jumped 13.5% after accepting IVE's cash takeover, closing at A$0.059, just below the A$0.060 offer. The deal awaits shareholder and court approval.
RVNL Shares Dip Despite ₹404.88 Crore Rail Order; Market Cites Priced-In Award
RVNL shares slipped 1.37% despite a ₹404.88 crore rail order, as the award was already disclosed and represents a small fraction of its backlog.
Lloyds' Valuation Priced for 18% Returns: Can It Deliver?
Lloyds shares trade at 1.91x tangible book, implying an 18.3% sustainable return on equity—well above its 2026 guidance. The market is pricing in near-term targets, leaving little room for error.
OilPrice.com Remains Private: Advanced Media Solutions Holds No Public Equity
OilPrice.com is a private media site owned by Advanced Media Solutions, with no public stock. Unlike OPIS (Dow Jones), it offers no financial disclosures, making equity valuation impossible.
Trucker Strike Rumors Debunked as Diesel Prices Hit Record $6.285
No verified nationwide trucker strike is scheduled for Oct. 1, despite social media claims. Diesel prices hit a record $6.285, but J.B. Hunt (JBHT) shares showed no panic.
Apeing Token Sale Hits 445M, But Listing Price Is Just a Target
Apeing reports 445M tokens sold in presale, raising $92K, but the $0.01 listing price is a target, not a market quote. Audits don't guarantee liquidity.
Ontario Gas Price Drop Forecast for Friday, But Relief May Be Short-Lived
En-Pro forecasts a 9-cent drop in Ontario gas prices Friday, but futures point to a potential rebound. Suncor (SU) and Imperial Oil (IMO) shares show little movement.
Nebius Shares Jump 9% on Cloud Price Hikes; Revenue Impact Uncertain
Nebius stock climbed 9% after announcing cloud price hikes of up to 25%, but analysts question whether higher list prices will survive discounts and heavy data center spending.
IXI ETF Offers Defense but at a Premium Price
IXI's low beta offers shelter from market swings, but a 23.8x earnings multiple means investors are paying a premium for that safety.
GAO Puts $6.7B Price Tag on Deferred Resignation Leave
The GAO estimates $6.7B in paid leave costs for the deferred resignation program, but cannot confirm net savings. OPM projects $20B annual savings.
Toronto Gas Prices Set to Spike Again as Winter-Blend Relief Fades
Toronto's brief winter-blend discount is set to vanish Thursday as prices are forecast to jump six cents to 189.9¢ per litre, erasing most recent savings.
Furnace Oil Prices Soar 84% in PEI Amid Refinery Shutdown
PEI furnace oil prices have jumped 84% year-over-year, reaching C$2.159/L, driven by soaring crude costs and a 75-day refinery turnaround at Irving Oil's Saint John facility.
Australia's Diesel Price Surge: Supply Is Secure, but Costs Bite
Australia's diesel supply is secure with 32 days of stock, but record prices are fueling inflation and an expected RBA rate hike. ASX 200 fell 1% as energy costs hit miners.