Reported 2 months ago
Money transfer company Wise announced its plan to relocate its primary listing from London to the U.S., marking yet another blow to the UK capital's stock market ambitions. Wise, which debuted on the London market in 2021, cited the deeper and more liquid capital markets in the U.S. as a key reason for this shift. The decision comes amid a trend of British companies seeking greater valuations abroad, with Wise's shares spiking over 8% following the announcement. Despite the move, Wise will retain a secondary listing in London and continue investing in the UK.
Source: YAHOO
Reported 2 months ago
Didi Global, the Chinese ride-hailing giant, reported an 8.5% increase in Q1 2025 revenue, reaching 53.3 billion yuan ($7.42 billion) as it recovers from regulatory challenges. The company achieved a net income of 2.4 billion yuan, recovering from a loss a year prior. Despite facing intensified competition from super-apps like Alibaba and Meituan, Didi completed 3.3 billion transactions, reflecting growing travel demand in China. Its international revenue also rose, contributing to its overall recovery strategy.
Source: YAHOO
Reported 2 months ago
WeRide Inc. (WRD) saw its stock price decrease by 4.63% to $9.16 on Wednesday as investors reacted to rising trade tensions between the US and China, particularly following comments from President Trump expressing frustration with Chinese negotiations. The concerns over US delistings of Chinese companies further fueled investor anxiety, contributing to WRD's decline.
Source: YAHOO
Reported 2 months ago
On Wednesday, Algonquin Power & Utilities Corp. (NYSE:AQN) saw its stock price fall by 4.82% to close at $5.92 after being downgraded by National Bank from 'outperform' to 'sector perform'. The downgrade followed a reset of the company's earnings per share projections for the coming years, attributed to increasing capital expenditures and rate case awards. Despite budgeting $2.5 billion into regulated assets and increasing its rate base to $9.1 billion by 2027, the concerns over its future financial performance led to the decline.
Source: YAHOO
Reported 2 months ago
Lumen Technologies, Inc. (LUMN) witnessed a 4.87% decline in share prices on Wednesday, closing at $3.91, following a drop of 33 spots in the Fortune 500 rankings. The company reported revenues of $13.1 billion, a decrease of 9.6% from the previous year. Despite this downturn, Lumen announced their plans to enhance connectivity for the JUNO Trans-Pacific Cable System, which is crucial for supporting advancements in AI and data innovation.
Source: YAHOO
Reported 2 months ago
Pony AI Inc. (NASDAQ:PONY) saw its stock price fall by 5.06% to $13.14 on Wednesday as investors reacted negatively to escalating tensions in US-China trade talks and growing calls from US officials to delist Chinese firms. President Trump's recent remarks on the difficulty of negotiating with China heightened fears, leading to a significant sell-off of shares in companies like Pony AI.
Source: YAHOO
Reported 2 months ago
Summit Therapeutics Inc. (SMMT) saw its stock price fall by 5.14% on Wednesday, closing at $19.56, as investors took profits following prior gains. Despite a 'buy' recommendation from Zacks Equity Research, which noted the stock's potential for a turnaround, the lack of significant new developments regarding its treatment progress left investors unimpressed, leading to increased selling pressure.
Source: YAHOO
Reported 2 months ago
CrowdStrike Holdings, Inc. (CRWD) experienced a 5.77% decline in its stock price to $460.56 amid disappointing earnings results for Q1 FY2026, reporting a net loss of $110 million compared to a net income of $42.8 million in the previous year. Despite a revenue increase of 19.76% to $1.1 billion, investors reacted negatively to the earnings performance, leading to a significant sell-off.
Source: YAHOO
Reported 2 months ago
Flowserve Corporation's shares fell by 6.16% to $47.41 on Wednesday, following the announcement of a $19 billion merger with Chart Industries, Inc. This merger will result in Chart shareholders owning approximately 53.5% of the new entity, while Flowserve shareholders will hold about 46.5%. Despite the drop, Flowserve's CEO emphasized that the merger will enhance their market position and foster innovation.
Source: YAHOO
Reported 2 months ago
Merus N.V. (NASDAQ: MRUS) experienced a 7.75% decline in stock price on Wednesday, ending at $57.58, as the company announced a $300-million follow-on offering. This move raised concerns among investors about potential dilution of existing shares. The funds raised will support the clinical development of its product candidates and general corporate purposes.
Source: YAHOO
Reported 2 months ago
On Wednesday, Dollar Tree, Inc. (DLTR) experienced an 8.37% decline in share prices, ending at $88.62, after investors took profits following previous gains. The drop came despite the company reporting a 14.4% increase in net income and a 10% rise in revenues, as market reactions were influenced by comments from a competitor about attracting higher-income customers.
Source: YAHOO
Reported 2 months ago
On June 5, 2025, Asana, Inc. (ASAN) experienced a significant drop of 20.47%, ending the day at $15.11 per share, following a warning from CFO Sonalee Parekh about potential declines in net retention rates for the second quarter. Despite a narrower net loss in Q1 and an increase in revenue, the company faces pressing challenges in its enterprise and middle-market segments.
Source: YAHOO
Reported 2 months ago
Dr Martens has projected a return to profit growth this financial year, fueled by CEO Ije Nwokorie's strategy to diversify into shoes, sandals, and bags, alongside their iconic boots. Following positive financial results that exceeded market expectations, the company's shares soared by 17%. Despite tariffs and a shift in consumer preference from boots, Dr Martens plans to focus on broader product offerings and minimize discounting in key markets, as they expand production in Vietnam and Laos.
Source: YAHOO
Reported 2 months ago
JPMorgan Chase is optimistic about the growth prospects in the Asia-Pacific private credit market, particularly in regions like Australia and India. The bank aims to strengthen its private credit business targeting mid-sized companies with robust fundamentals since 2019. As global market conditions drive demand for flexible funding solutions, the private credit industry is on the rise, and with Asia contributing significantly to global GDP growth, JPMorgan sees considerable opportunities in this sector.
Source: YAHOO
Reported 2 months ago
South Korea's Hanwha Systems has completely divested its 5.4% stake in Eutelsat for €77.6 million ($88.5 million) as the satellite operator seeks fresh investments to compete with SpaceX's Starlink. The move reflects Hanwha's strategic shift towards defense-related satellite operations, following significant losses in Eutelsat's video business and challenges with its OneWeb acquisition. Eutelsat is also undergoing management changes and exploring options to raise capital while facing upcoming competition in the satellite internet market.
Source: YAHOO
Reported 2 months ago
Sudhanshu Priyadarshi, CFO of Keurig Dr Pepper, draws from extensive experience at companies like PepsiCo and Walmart to navigate the complexities of finance and operations in a rapidly changing environment. He emphasizes the importance of finance professionals acting as business 'co-pilots' rather than merely gatekeepers, stressing agility in decision-making and the integration of AI and digital tools to optimize operations. Priyadarshi also prioritizes work-life harmony, balancing his demanding role with family commitments.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Small-cap stocks in the US are entering a historically favorable period, raising hopes for a recovery after a poor start to 2025. Historically, these stocks have outperformed larger counterparts in June, especially after disappointing performance. Despite increased bearish bets against small-caps, positive market movements and potential favorable economic developments could reverse investor sentiment, creating opportunities for a rebound in the Russell 2000 Index.
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Wizz Air has reported a significant drop in annual profits, with a 61.7% decrease to €167.5 million attributed to 37 grounded aircraft awaiting engine repairs. This situation has led to a 23% decrease in share value and raises concerns about the airline's capacity to meet demand. Chief Executive Jozsef Varadi highlighted ongoing difficulties in the aviation supply chain and predicted that the airline would face these engine issues for another two to three years. As a result, Wizz Air will not provide guidance for 2026 amid uncertainty in delivery schedules and rising operational costs.
Source: YAHOO
Reported 2 months ago
More Americans are turning to 401(k) hardship withdrawals due to rising living costs, with recent data showing an increase in requests for these funds. While these withdrawals can help meet immediate financial needs, they often come with significant penalties and tax implications. Financial experts urge individuals to consider other options, such as building an emergency savings fund or utilizing home equity, before tapping into retirement assets.
Source: YAHOO
Reported 2 months ago
The online payments company Wise has announced its decision to shift its main share listing to the US, marking another setback for London's struggling stock market. CEO Kristo Käärmann stated that this move aims to enhance the company's visibility in the US, which presents the largest market opportunity for their products. Wise, which has been listed in London since 2021, intends to dual list its shares in both the US and UK to attract more investors and increase its valuation. This follows a trend of high-profile companies relocating to New York for better liquidity and valuations.
Source: YAHOO
Reported 2 months ago
Doug New, the Chief Information Officer of Nouria, will retire on June 6, 2025, after serving since 2020. Under his leadership, he implemented a company-wide enterprise resource plan and facilitated the integration of Enmarket's stores into Nouria's network. Previously, New held executive IT roles in the c-store and finance sectors and contributed to the nonprofit Connexus, enhancing Nouria's technological standing. The company expressed deep gratitude for his impactful service and dedication.
Source: YAHOO
Reported 2 months ago
Prada Group has acquired a 10 percent stake in the Rino Mastrotto Group, a leading tannery, as part of its strategy to strengthen vertical integration and control over its production processes. The deal includes full control of Conceria Superior SpA and Tannerie Limoges S.A.S., and a cash investment aimed at fostering efficiency and sustainability in luxury production. This strategic partnership is set to enhance the collaboration between both companies and supports Prada's ongoing commitment to investing in the luxury market.
Source: YAHOO