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REA Group Shares Tumble on Mixed Earnings, $200M Buyback Plan
REA Group shares fell sharply after reporting a 24% drop in net profit, despite growth in core earnings. The company announced a $200 million share buyback and an interim dividend.
S&P 500 Trims Losses as Late Treasury Auction Relief Lifts Markets
The S&P 500 pared a 0.71% intraday slide to close 0.22% lower, aided by strong 10-year Treasury demand. Small caps fell 1.31% as defensive rotation persisted.
S&P 500 Retreats from Record as Treasury Yields Climb Past 5.36%
The S&P 500 slipped 0.62% from its record as the 10-year Treasury yield touched 5.36% and oil prices firmed, with investors awaiting the Fed minutes and a 10-year auction.
S&P 500 Hits Record, Then Retreats Ahead of Fed Minutes
The S&P 500 set a record close Tuesday but slipped from its peak as yields stay elevated. Investors eye Fed minutes and Q3 earnings.
Nasdaq Hits Record High as Megacap Gains Mask Weak Breadth
Nasdaq closed at a record 27,477.31, but only 50.58% of stocks advanced, highlighting narrow leadership from megacaps. S&P 500, Dow, and Russell 2000 also posted gains.
M&A Surge Broadens S&P 500 Rally Despite 5.33% Treasury Yield
Software stocks rallied on PTC's $22.6B acquisition, lifting the S&P 500 within 0.6% of its record. Treasury yields hit 5.33%, but oil's decline eased inflation fears.
NASA Dual-Mode CubeSat Propulsion Test Reaches Orbit
NASA's ASCENT Dual Mode CubeSat launched on SpaceX's Transporter-18 mission to test a combined chemical and electrospray propulsion system in orbit, potentially improving small satellite maneuvering.
OpenAI Thwarts Coordinated Attack Targeting Hidden AI Reasoning
OpenAI reported a coordinated effort to extract hidden reasoning from its models, peaking with 16,000 requests from 4,000 users. The company has since tightened security measures.
Canada's OAS October Boost: 1.4% Increase, But Final Rates Pending
Canada's Old Age Security (OAS) will rise 1.4% in October, pushing estimated maximum monthly payments to C$762.50 for ages 65-74 and C$838.75 for 75+. Official rate card still pending.
Mortgage Rates Surpass 7%: The Real Cost for Homebuyers
Freddie Mac's average 30-year fixed mortgage rate reached 7.03%, up from 6.95% last week and 6.30% a year ago. For a $400,000 loan, that's about $193 more per month than a year ago.
Manchester City's Abu Dhabi Realty Push Faces Scrutiny Over $8B Valuation
Manchester City's revenue dipped 2.9% in FY2025, and its Abu Dhabi real estate project highlights a gap between parent CFG's $8B valuation claim and independent estimates of €5.102B.
Meta's $1,300 VR Glasses Debut in 2027 Amid Deep Reality Labs Losses
Meta priced its 100-gram VR glasses at $1,299.99, launching spring 2027, while Reality Labs posted a $4.6B Q2 loss. META closed up 1.02% at $744.10.
DoorDash Settlement Already Reserved; Shares Dip Slightly
DoorDash's $131.5 million NYC settlement was fully reserved earlier. Shares dipped 0.8%. Over 264,000 workers to receive payments.
OpenAI's Math Breakthrough Lacks Proof; MSFT Needs Revenue
OpenAI says its AI solved 100+ math problems, but no proof was released. Microsoft shares fell 0.9% as investors weigh the lack of monetization.
Take-Two Dips as NBA 2K Currency Lawsuit Threatens 84% Recurrent Revenue
Take-Two Interactive (TTWO) slid 1.75% as unsealed testimony in a lawsuit over NBA 2K virtual currency highlighted that recurrent spending drives 84% of its bookings.
Radisson Mining's 68.24 g/t Gold Hit Lacks Market Reaction
Radisson Mining's shares barely moved after a headline 68.24 g/t gold intercept, as concentration in two one-metre samples and thin trading volume left investors cautious.
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.
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.
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.
Nasdaq Hits Record as Tech Soars, Oil Retreats
The Nasdaq Composite surged to a record close, up 2.3%, while the S&P 500 finished just shy of its peak. Oil prices fell sharply, easing inflation worries.
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.
Stock Futures Rally as Oil Slump Offsets Treasury Yield Pressure
US stock futures advanced Monday as lower oil prices and constructive US-China talks improved risk appetite, with Nasdaq-100 futures up 1.09% despite the 10-year Treasury yield hovering near 5%.
Boustead Singapore Shares Ease 1.1% on Cyber Breach; Key Details Omitted
Boustead Singapore shares slipped 1.1% after a cyber incident at an overseas unit. Critical systems were restored, but key details like the unit and costs remain undisclosed.
KOSPI Climbs Above 7,000 Before Retreating; Brokerage Targets Signal Modest Upside
KOSPI briefly reclaimed 7,000 on Samsung-led gains, but broker targets suggest limited upside. Samsung shares rose 3.26%, while SK hynix added 0.27%.
Gold Climbs to $4,379 as 5% Treasury Yield Stirs Central Bank Demand
Gold gained 0.9% to $4,379 amid 5% Treasury yields, with central bank buying slowing but still supportive. Analyst targets range from $4,350 to $6,000.
Bitdeer's AI Ambitions: Pipeline or Pipe Dream?
Bitdeer (BTDR) shares surged 15% after expanding AI capacity, but the growth narrative hinges on unsecured contracts. Q2 revenue rose 47% to $228.8M, though gross profit turned negative.
Salesforce Stock Slips 8.3% During Dreamforce as Investors Seek New Growth Signals
Salesforce (CRM) dropped 8.3% during Dreamforce week, closing at $237.92. Despite product launches, the reiteration of the $63B revenue target failed to excite investors, with volume surging.
10-Year Treasury Yield Holds Above 5% Ahead of $183B Auction
The 10-year Treasury yield closed at 5.01% on Friday, up 5 basis points on the week, as the market braces for $183B in note auctions and digests the Fed's rate hike.
Overbrook Fire Coverage Highlights Bell Media's Local Reach as BCE Margins Tighten
Bell Media's Q2 revenue rose 8.9% to C$918M, but margin slipped to 26.6% due to higher costs. The Overbrook fire report highlights local news' role in BCE's digital shift.
Iridium's LEO Network: Balancing Global Reach with Bandwidth Limits
Iridium's LEO constellation provides global coverage and reliability, but bandwidth limitations make it unsuitable for data-heavy applications. Here's what investors should know.