European Luxury Sector Loses $350 Billion as China Weakness Persists
European luxury companies have lost approximately $350 billion in combined market capitalisation since the beginning of 2026, as hopes of a sector recovery fade amid persistent weakness in China. The downturn has weighed on...
JPMorgan Misses Profit Estimates as IPO Market Slows
JPMorgan Chase reported its first quarterly profit miss in nearly three years on October 13, as market volatility, economic uncertainty and slowing dealmaking weighed on its investment banking and trading businesses. The banking giant...
European Shares Rise as Investors Focus on Earnings and US Inflation Data
European shares rose on Monday, while US stock futures remained broadly steady as investors looked beyond surging oil prices to the start of the third-quarter earnings season and key US inflation data. The pan-European...
Wall Street Futures Steady as Investors Eye Bank Earnings, Inflation Data
Wall Street futures were little changed on Monday as investors monitored oil prices and geopolitical developments ahead of key US bank earnings and inflation data due this week. At 5:36 a.m. ET, Dow E-minis...
Telecom Stocks Slide as SpaceX Spectrum Deal Sparks Competition Fears
US and European telecommunications stocks tumbled on Friday after SpaceX’s acquisition of low-band spectrum intensified concerns over competition from satellite-based mobile services. T-Mobile US, Verizon and AT&T fell between 5.5% and 7.4% in premarket...
PepsiCo Faces Pressure to Deliver Growth as GLP-1 Threat Intensifies
PepsiCo is running out of time to deliver the growth and margin improvements promised after activist investor Elliott Investment Management took a roughly $4 billion stake in the company a year ago. The company’s...
US Securities Industry Profits Surge to $45.9 Billion in First Half of 2026
Profits across the US securities industry reached $45.9 billion in the first half of 2026, putting Wall Street on track to set a new annual record, according to a report released by New York...
Nvidia Boosts Buyback Plan by $150 Billion, Setting Record
Nvidia has increased its share repurchase authorization by $150 billion, surpassing Apple’s $110 billion approval in 2024 and marking the largest-ever increase in a stock buyback programme. The additional authorization takes Nvidia’s remaining buyback...
ADARx Pharmaceuticals Raises $446.3 Million in Upsized US IPO
ADARx Pharmaceuticals raised $446.3 million in an upsized US initial public offering, pricing 26.3 million shares at $17 each, the top end of its marketed range. The San Diego-based biotech had initially planned to...
MGM Resorts Shares Plunge 10% as Barry Diller Withdraws $18 Billion Buyout Bid
Shares of MGM Resorts International plunged 10% on Thursday after media mogul Barry Diller’s People Inc withdrew its more than $18 billion proposal to acquire the casino operator. MGM shares fell to $33.90, their...