Shares in British low-cost airline easyJet moved higher on Thursday as investors assessed progress toward a proposed £5.7 billion takeover by US investment firm Apollo Global Management. The airline’s shares rose approximately 1.1% to 683.8 pence in morning trading, outperforming the broader FTSE 100, which gained around 0.2%. The advance followed the publication of a
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British e-commerce group THG has raised its full-year profit forecast after stronger performance from its sports nutrition business helped lift investor confidence, sending its shares sharply higher on Thursday. The company now expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of £103 million for 2026, above its previous expectations and market consensus. Shares
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Four of the largest U.S. banks are reporting third-quarter results as investors assess whether resilient consumer spending and strong capital markets can offset rising borrowing costs, elevated energy prices and growing economic uncertainty. JPMorgan Chase, Wells Fargo, Goldman Sachs and Citigroup are reporting on Tuesday, October 13, while Bank of America and Morgan Stanley are
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Wall Street’s latest earnings season is becoming a critical test for artificial intelligence stocks as investors demand stronger evidence that rapid profit growth can justify the sector’s valuations. Despite robust earnings expectations, some of the market’s most expensive AI-related companies have experienced sharp valuation declines. Rising US Treasury yields, enormous infrastructure spending and uncertainty over
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Delta Air Lines reported record third-quarter revenue as strong travel demand helped offset a sharp increase in jet fuel costs. However, higher expenses are squeezing profitability and forcing the US airline to lower its full-year earnings outlook. For the September quarter, Delta generated $20.2 billion in revenue under generally accepted accounting principles (GAAP). Adjusted operating
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China’s ChangXin Memory Technologies (CXMT) surged nearly 470% in its Shanghai stock market debut, reaching a reported market valuation of about 3.3 trillion yuan ($487 billion) as investors backed Beijing’s push to build a self-reliant semiconductor industry. The rally made CXMT one of the most valuable listed companies in mainland China, despite a broader sell-off
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Micron Technology shares fell on Monday as investors reassessed the competitive threat posed by China’s ChangXin Memory Technologies (CXMT), which is advancing its memory-chip technology amid a global boom in demand from artificial intelligence data centers. Micron dropped 4.1% to $987.06 in early trading, despite having gained 261% for the year through Friday’s close. South
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SpaceX has regained more than $750 billion in market value since its August low, as shares in Elon Musk’s aerospace and artificial intelligence company recover from a turbulent start as a publicly traded business. The stock climbed above $160 during the week ending October 9, returning to levels last seen in early July. Shares have
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OPay Digital Services has secured a strategic investment of approximately $185 million from Standard Bank Group as the Nigeria-focused fintech prepares for a potential listing on the New York Stock Exchange. The investment will give Africa’s largest bank by assets a stake in OPay, with its ownership capped at 4.99%, according to the companies’ disclosures
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Nvidia is reportedly exploring options to deepen its relationship with Reflection AI, an artificial intelligence startup developing open-weight models for coding and autonomous AI applications. The discussions could involve additional investment, computing resources or a potential acquisition. The talks remain at an early stage, with no agreed terms. Potential arrangements could also include an acqui-hire,
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Amazon.com is reportedly in talks to acquire AI startup Decart in a deal valued at around $7 billion, potentially strengthening its position in the race to build more efficient artificial intelligence infrastructure. The reported price would exceed Decart’s nearly $4 billion valuation in May, when the company raised $300 million in a funding round led
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Tesla shares are approaching a closely watched technical threshold as traders assess whether the electric-vehicle maker can break above $400 and extend its recent recovery. The stock traded around $383 on October 12, with resistance near $388 emerging as the immediate hurdle. A sustained move above that area could bring the psychologically important $400 level
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