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20,613 total articles
India's benchmark indices closed slightly lower on Thursday as declines in Fast Moving Consumer Goods, Healthcare and Technology stocks offset gains elsewhere. The Nifty 50 finished down 0.02% while the BSE Sensex 30 slipped 0.18%. Several large-cap names registered notable moves, with two stocks reaching all-time highs during the session.
The U.S. government is moving to allocate $2 billion in grants to nine companies working on quantum computing, with some awards structured to give the government equity positions. The Commerce Department provided the award breakdown, with $1 billion slated for IBM, $375 million for GlobalFoundries and several other companies receiving roughly $100 …
Kroger is preparing broad price reductions across many product categories under new CEO Greg Foran, who intends to regain market share from competitors such as Walmart, Costco and Amazon. The company plans to fund cuts by importing merchandise directly and leveraging technology to lower costs, while also expanding its store footprint and refining i…
SpaceX’s proposed initial public offering values the company near $2 trillion and asks investors to accept a chain of interdependent outcomes: Starlink must produce substantial cash, that cash must fund Starship development, Starship must lower launch costs and expand market opportunity, and that larger market must sustain a capital-intensive AI bu…
IBM shares jumped sharply in pre-market trading after the Commerce Department announced a $1 billion award to support the company’s quantum computing efforts. The grant is part of a larger $2 billion package for nine firms. The move came as IBM reported better-than-expected first-quarter fiscal 2026 results, strong free cash flow, growing consultin…
Nvidia reported a blowout quarter with revenue and adjusted EPS ahead of analyst consensus, a bullish revenue guide for the next quarter, and fresh capital returns that include an $80 billion share repurchase and a materially higher dividend. CEO Jensen Huang emphasized a broadening customer base and new product families - notably the Vera CPU line…
IBM stock climbed sharply after the U.S. Commerce Department announced a $1 billion grant to the company to advance quantum computing. The award is part of a $2 billion program allocated across nine quantum-focused firms, with several recipients slated to receive equity stakes from the U.S. government and targeted support for chip development.
SUMCO Corp. shares climbed nearly 2% to ¥3,078 after UBS upgraded the wafer maker from Sell to Neutral and lifted its price target sharply to JPY 3,100 from JPY 1,050. The move came despite a weak Q1 FY2026 report, with EPS at -24.22 missing estimates and revenue of JPY 101.4 billion marginally under expectations. UBS also raised its FY2027-28 earn…
Vitol has engaged service providers and is pursuing government permits to operate the Rio Bravo fuel storage terminal near Matamoros, Tamaulipas, a facility it completed in 2020 but has kept idle. The Geneva-based trader is lining up testing, certification and documentation services required before filing for operational permits, and has discussed …
ConvaTec Group PLC shares fell sharply after a four-month trading update showed organic revenue growth of 1.6% including InnovaMatrix, below Visible Alpha consensus for the first half of 2026. Excluding InnovaMatrix, organic growth was 4.8%, still short of the companys 5-7% full-year guidance range. Management kept its full-year targets intact whi…
Auto Trader Group Plc shares fell sharply after the company posted full-year results for the year ended 31 March 2026 that missed analyst expectations. Group revenue and operating profit rose 4% to £624.3 million and £392.7 million respectively, yet both were below consensus. Management set a FY2027 operating profit guide of £395 million to £415 mi…
Federal AI inventory data compiled by the Office of Management and Budget show minimal adoption of xAI’s Grok chatbot across civilian agencies, with just three identified uses out of more than 400 vendor-specific entries. By contrast, OpenAI-based tools account for 234 entries and Alphabet and Anthropic products for dozens. The limited federal upta…
Target is concentrating on young families as a route to rebuild a durable customer base, expanding baby and family-focused assortments while investing in product mix, store remodels and payroll. The retailer reported its first strong quarter in a year, raised its net sales growth outlook and has introduced in-store baby boutiques and thousands of n…
Physicians report that lower-cost oral versions of GLP-1 weight-loss drugs from Novo Nordisk and Eli Lilly are encouraging patients who had been using compounded formulations to move to branded Wegovy and Foundayo. While the pills offer price parity with many compounded options and have attracted new patients, physicians say insurance coverage and …
Anthropic, the U.S. artificial intelligence startup founded by Dario and Daniela Amodei in 2021, will open an office in Milan this month. The move follows recent openings in Paris and Munich and is part of a push to expand its international workforce and meet growing demand for its Claude large language models across Europe. The company already mai…
Goldman Sachs cut its rating on Eiffage from Buy to Neutral and reduced its 12-month sum-of-the-parts price target to €148 from €157. The bank trimmed 2026-29 EBIT and EPS estimates amid softer French construction activity and weaker toll-road traffic, while noting political and fiscal uncertainty ahead of France's 2027 presidential election.
Manus' three co-founders are exploring a plan to raise roughly $1 billion from outside investors to buy back the AI startup after Chinese authorities ordered Meta to reverse its acquisition. The founders are discussing a financing round that would value Manus at or near the price Meta paid, may contribute their own capital if needed, and could resu…
Taiwan's central bank intends to require foreign investors who receive U.S. dollar-denominated dividends from local companies, including TSMC, to maintain a single currency selection rather than switch frequently. Authorities are reportedly leaning toward permitting changes only once a year. Implementation is expected next year as foreign custodian…
Intuit reported fiscal Q3 FY2026 results that beat expectations and raised full-year guidance, yet announced a large restructuring that will eliminate roughly 17% of its full-time staff and incur $300 million to $340 million in charges. Investors sold shares heavily in pre-market trading, citing fears about the company’s transition to an AI-driven …
A last-minute pay agreement at Samsung Electronics’ Pyeongtaek semiconductor campus has prevented a strike, easing alarm among local firms and residents. The deal, driven by the memory division’s outsized performance payments, has also exposed divisions among employees and prompted worries that gains will not be evenly distributed across the plant’…
JPMorgan’s Global Chair of Investment Banking, Anu Aiyengar, says multinational companies are increasingly seeking alliances, partnerships and acquisitions with Chinese innovators as economic and geopolitical risks mount. CEOs are prioritizing scale to manage volatility, contributing to a surge in cross-border deal activity and record-sized transac…
A Bank of America survey found more than half of respondents believe the Federal Reserve would raise interest rates either because the conditions are already satisfied or if core inflation continues to climb, regardless of labor market readings. Fourteen percent said the threshold for hikes has already been reached, while a further 38% tied a move …
InvestingPro’s limited-time Flash Sale ends today, offering a 55% discount that brings subscription cost to under $7 per month. The platform’s ProPicks AI, which analyzes extensive fundamental data and scans tens of thousands of stocks, claims long-term outperformance versus the S&P 500, and its Tech portfolio is reported up 192.66% since November …
Alfen's shares jumped 23.5% to €15.76 after Jefferies upgraded the stock from Hold to Buy and doubled its price target from EUR9 to EUR18. The upgrade leaned on Q1 2026 results showing 25% revenue growth led by Energy Storage Systems and Smart Grid Solutions, and an almost 50% increase in adjusted EBITDA. Jefferies raised its EBITDA estimates and p…
JPMorgan CEO Jamie Dimon told Bloomberg Television that the bank expects to hire more artificial intelligence specialists and fewer traditional bankers in some roles. He said automation and AI adoption will likely reduce jobs over time, but the bank plans to use normal attrition, retraining, redeployment and early retirement to manage changes rathe…
