The move comes after Prosus sold around 4.5% of its stake in the German delivery company to Uber as part of remedies tied to its acquisition of Just Eat Takeaway.
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Devon Energy (NYSE:DVN) stockholders approved two proposals tied to the company’s planned merger with Coterra Energy Inc. during a virtual-only special stockholders meeting, according to preliminary voting results announced at the meeting. John Bethancourt, chair of Devon Energy’s board of director
KKR & Co. Inc. (NYSE:KKR) reported higher first-quarter earnings and said fundraising, monetization activity and management fee growth remained strong despite market volatility, while management signaled that its prior $7-plus adjusted net income target for 2026 is now less likely to be reached
There are a bunch of space-themed ETFs, a mix of actively managed and index funds. But just one has access to SpaceX ahead of its eagerly awaited debut.
May 11 (Reuters) - Goldman Sachs has pushed back its forecast of U.S.
Asian stocks were mixed Monday after Wall Street set more records, and oil surged more than 4% following U.S. President Donald Trump’s rejection of Tehran’s response to the latest U.S. proposal on ending the war in Iran. Tokyo’s Nikkei 225 fell 0.4% to 62,486.84 after briefing reaching another record high in intraday trading at above 63,300. Technology-related stocks and growing artificial intelligence-related interest have supported markets in Japan and South Korea despite the Iran war, with the Nikkei 225 and Kospi rising more than 10% and 30%, respectively, over the past month.
Kyndryl (NYSE:KD) reported flat full-year fiscal 2026 revenue on a reported basis and outlined a fiscal 2027 outlook that reflects continued pressure from longer sales cycles and changes in how customers buy IBM-related technology, while management emphasized margin expansion, cash generation and gr
A stronger-than-expected April jobs report gave investors a second straight upside surprise, a welcome development after an uneven stretch for the labor market. Payrolls rose while the unemployment rate held steady at 4.3%, although average hourly earnings were a bit light, writes Bret Kenwell, US investment analyst at eToro US.
By Aditya Kalra and Vibhuti Sharma MUMBAI, May 11 (Reuters) - Mukesh Ambani's Reliance Jio Platforms has pivoted to a pure fundraising for its planned Mumbai listing, selling a 2.5% stake in the
A look at the day ahead in European and global markets from Tom Westbrook Markets still want to believe that neither the U.S. nor Iran is aiming to escalate their conflict.
By Rhea Rose Abraham May 10 (Reuters) - British pop star Dua Lipa has filed a lawsuit against Samsung Electronics seeking at least $15 million in damages, accusing the South Korean tech giant of using her image without permission to market its television sets. The lawsuit alleges that Samsung featured a copyrighted image of the pop star on the front of cardboard boxes containing televisions for retail sale, enabling the company to benefit from what seemed like her endorsement of the product.
(Bloomberg) -- Alphabet Inc. is planning to issue yen bonds for the first time in a move that may help fund investments as artificial intelligence competition intensifies.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyDrone Hits Ship Near Qatar as US Awaits Iran Peace Plan ResponseJudge to Review Musk, SEC Settlement Deal in Twitter Stak
Joby Aviation (NYSE:JOBY) reported what executives described as another quarter of progress toward commercial electric air taxi operations, highlighting new U.S. demonstration opportunities, certification milestones, manufacturing expansion and a stronger cash position following recent capital raise
Johnson Controls International (NYSE:JCI) reported stronger fiscal second-quarter results and raised its full-year earnings outlook, citing sustained demand for applied HVAC systems, data center projects and improving execution across the business. Chief Executive Officer Joakim Weidemanis said dem
IRSA Inversiones Y Representaciones (NYSE:IRS) reported a sharply higher net result for the first nine months of fiscal 2026, supported by stronger performance across its rental businesses and positive accounting impacts tied to inflation and currency movements in Argentina, executives said on the c
(Bloomberg) -- Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyDrone Hits Ship Near Qatar as US Awaits Iran Peace Plan ResponseJudge to Review Musk,
Microchip Technology (MCHP) is back in focus after reporting fourth quarter and full year results that beat expectations, issuing upbeat guidance, and combining this with product launches, expansion projects, and a fresh quarterly dividend. See our latest analysis for Microchip Technology. The latest earnings beat and guidance appear to have reset expectations, with a 30 day share price return of 50.47% and a 1 year total shareholder return of 112.90% suggesting strong momentum after a weaker...
eMemory Technology Inc (ROCO:3529) achieves a 20% revenue increase and expands into AI and high-speed interface applications, despite facing challenges in royalty revenue.
The decline in returns is due to the Federal Reserve’s rate cuts and rising defaults on their loans, firms say.
(Bloomberg) -- President Donald Trump and Iran rejected each other’s latest peace proposals to end the 10-week conflict as the two sides struggle to maintain a fragile ceasefire. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyDrone Hits Ship Near Qatar as US Awaits Iran Peace Plan ResponseJudge to Review Musk, SEC Settlement Deal in Twit
IonQ (NYSE:IONQ) reported what executives described as the strongest quarter in the company’s history, citing record revenue, a sharply higher backlog metric and continued demand across its quantum computing, networking, sensing and security products. On the company’s first-quarter 2026 earnings ca
Ibotta (NYSE:IBTA) reported first-quarter results ahead of its prior guidance and said it still expects to return to year-over-year revenue growth in the third quarter of fiscal 2026, as the digital promotions company points to improving offer supply, growing third-party publisher activity and new p
While Disney first entered the cruise world in 1998 with the maiden voyage of the Magic ship, the theme park and entertainment giant has, in recent years, been making significant strides to expand its cruising footprint. The currently-expressed plan is to nearly double its fleet from seven to 13 ...
Howmet Aerospace (NYSE:HWM) reported a stronger-than-expected first quarter of 2026, with management citing broad demand across commercial aerospace, defense aerospace and industrial gas turbines, along with continued growth in higher-margin spares revenue. Executive Chairman and Chief Executive Of
(Bloomberg) -- Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysDrone Hits Ship Near Qatar as US Awaits Iran Peace Plan ResponseJudge to Review Musk, SEC Settlement Deal in Twitter Stake CaseOnline Mob Fuels 6,000% Stock Rally in Obscure SpaceX RivalTrump Wants to Make H-1B
Cathie Wood, chief of Ark Investment Management, is known for making bold bets on fast-moving tech stocks. Sometimes her trades move just as quickly as the stocks themselves. In the week that began on May 3, Wood sold millions of dollars worth of shares in one high-flying AI company near recent ...
(Bloomberg) -- President Donald Trump and Iran rejected each other’s latest peace proposals to end the 10-week conflict as the two sides struggle to maintain a fragile ceasefire. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Drone Hits Ship Near Qatar as US Awaits Iran Peace Plan ResponseJudge to Review Musk, SEC Settlement Deal in Twitter Stake CaseOnline Mob Fuels 6,000% Stock Rally in Obscure Spac
IBM (NYSE:IBM) is facing a lawsuit that accuses the company of racially discriminatory layoffs targeting Black executives. The suit alleges a pattern of race based terminations tied to shifts in regulatory and compliance priorities. The case raises questions about IBM's diversity, equity, and inclusion practices and its internal governance controls. For investors following NYSE:IBM as a large enterprise technology and services provider, this case adds a social and governance angle to the...
As retail media networks overtake television in ad revenue, they are also taking a page from the way TV pitches itself to marketers.
Circle Internet Group’s earnings report could offer insight into whether AI-driven stablecoin adoption can offset weaker crypto trading activity.