S&P 500 Index futures rise 0.3% as of 7:35 a.m. in New York as optimism around artificial intelligence, lower oil prices and easing bond yields drives bullishness. Nasdaq 100 futures are up 0.7% Dow Jones Industrial Average futures are up 0.2% The MSCI World Index is little changed Here are some of the biggest US movers today: Magnificent Seven stocks are mixed early Wednesday: Tesla (TSLA) +2.3%,...
S&P 500 Index futures rise 0.3% as of 7:35 a.m. in New York as optimism around artificial intelligence, lower oil prices and easing bond yields drives bullishness. Nasdaq 100 futures are up 0.7% Dow Jones Industrial Average futures are up 0.2% The MSCI World Index is little changed Here are some of the biggest US movers today: Magnificent Seven stocks are mixed early Wednesday: Tesla (TSLA) +2.3%, Nvidia (NVDA) +0.7%, Apple (AAPL) +0.1%, Amazon (AMZN) -0.2%, Alphabet (GOOGL) -0.6%, Microsoft (MSFT) -0.7%, Meta Platforms (META) -0.7% Bath & Body Works (BBWI) rises 12% after it reaffirmed its adjusted earnings per share forecast for the full year and said CFO Eva Boratto will step down from her role effective June 12. Dycom Industries (DY) rises 21% after it reported contract revenue for the first quarter that beat the average analyst estimate. Energy stocks (KOS -2.1%, DINO -0.9%) received mixed rating changes at Mizuho as it sees oil prices taking until 2027 to normalize even if the Middle East conflict is resolved in June, while gas prices aren’t expected to see as much of a lasting uplift. FedEx Corp. shares (FDX) rise 1.6% after JPMorgan raised its recommendation to overweight from neutral as it sees improvements at FedEx’s legacy business ahead of a separation from freight. GXO Logistics Inc. (GXO) rises 2.2% after Barclays raised its recommendation to overweight from equal-weight on improving margins. PDD ADRs (PDD) fall 8% after it reported revenue for the first quarter that missed the average analyst estimate. Semtech shares (SMTC) are up 10% after the semiconductor device company reported first-quarter results that beat expectations and gave an outlook that is seen as positive. Shares in rocket, space and satellite communications companies (RDW +14%, LUNR +13%) are rallying, set to extend recent gains as the sector has advanced since SpaceX filed publicly for what stands to be the largest-ever initial public offering. Shares in semiconductor and chip equipme...
Barcelona have joined Bayern Munich in the race to sign Newcastle United forward Anthony Gordon. The La Liga champions hold an interest in the England international and are in talks with Newcastle over a potential deal. Although Barca have had financial restrictions in recent years, the club are understood to have the ability to spend whatever is generated from player sales. Bayern Munich have als...
Barcelona have joined Bayern Munich in the race to sign Newcastle United forward Anthony Gordon. The La Liga champions hold an interest in the England international and are in talks with Newcastle over a potential deal. Although Barca have had financial restrictions in recent years, the club are understood to have the ability to spend whatever is generated from player sales. Bayern Munich have also held formal discussions with Newcastle, but BBC Sport previously reported there was a gap in valuation between the two clubs. Newcastle chief executive David Hopkinson made it clear they will only sell players on "our terms" in March. The club are in a relatively strong position to command a minimum of £70m for Gordon, whose contract does not expire until 2030. Newcastle will ultimately need to trade to rebuild this summer, particularly after a disappointing 12th-place finish in the Premier League. Gordon, who has previously played for Everton, looks the likeliest of Newcastle's key players to depart and the club's top-scorer was even left on the bench for the final four games of the campaign because head coach Eddie Howe had an eye on the future. Supporters in the away end briefly sang Gordon's name following the 2-0 defeat at Fulham on the final day in what felt like a farewell. Howe was asked afterwards if the 25-year-old had played his last game for the club. "I don't know, as I said in the build up to the game," he said. "You can never predict what's going to happen. "He obviously goes to the World Cup now so we wish him well." Barcelona also hold an interest in Atletico Madrid forward Julian Alvarez and Chelsea striker Joao Pedro. Hansi Flick's side have the option of signing Marcus Rashford, Gordon's international team-mate, on a permanent basis for £26m following his loan from Manchester United.
Key Points Interactive Brokers has been growing rapidly -- and in multiple ways. Its stock isn't cheap, but for the right investor, it might be worth considering. 10 stocks we like better than Interactive Brokers Group › If you're not familiar with Interactive Brokers (NASDAQ: IBKR), you might want to be. It has been delivering outsize gains to its investors -- thanks to its impressive results. He...
Key Points Interactive Brokers has been growing rapidly -- and in multiple ways. Its stock isn't cheap, but for the right investor, it might be worth considering. 10 stocks we like better than Interactive Brokers Group › If you're not familiar with Interactive Brokers (NASDAQ: IBKR), you might want to be. It has been delivering outsize gains to its investors -- thanks to its impressive results. Here's a look at the company and the many things it's doing right -- along with some thoughts on whether you should consider it for your long-term portfolio. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Meet Interactive Brokers Let's start with what is arguably the most tantalizing thing about the company -- its stock performance. Wow, right? Time Period Interactive Brokers Year to date 30.42% Past 1 year 59.95% Past 3 years (annualized) 64.84% Past 5 years (annualized) 38.37% Past 10 years (annualized) 24.64% Past 15 years (annualized) 22.31% You may not be familiar with Interactive Brokers, but it's in its 49th year as a broker/dealer, with the following mission: "Create technology to provide liquidity on better terms. Compete on price, speed, size, diversity of global products and advanced trading tools." It employs more than 3,000 people in offices around the world, executing (with its affiliates) around 4.4 million trades daily. The company boasted a million client accounts in 2020, two million in 2022, and four million in 2025. It's growing quickly! A look at Interactive Brokers' business Here are some impressive numbers for April -- supplied by the company, which reports important metrics monthly: Daily average revenue trades numbered 4.2 million, up 11% year over year Client equity of $871 billion, up 48% year over year Client margin loan balances of $91 billion, up 57% year over year Client acco...
(RTTNews) - While reporting financial results for the first quarter on Wednesday, luxury watch maker Movado Group, Inc. (MOV) again said it has elected not to provide financial guidance for the full-year 2027 at this time, given the current economic and geopolitical uncertainty, including the unpredictable impact of the current Middle East conflict. As such, the Company added that it expects net s...
(RTTNews) - While reporting financial results for the first quarter on Wednesday, luxury watch maker Movado Group, Inc. (MOV) again said it has elected not to provide financial guidance for the full-year 2027 at this time, given the current economic and geopolitical uncertainty, including the unpredictable impact of the current Middle East conflict. As such, the Company added that it expects net sales growth to moderate in the second quarter. The Company also announced that the Board of Directors approved a $0.05 increase in the regular quarterly dividend to $0.40 per share, payable on June 24, 2026, for each share of the Company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on June 10, 2026. In Wednesday's pre-market trading, MOV is trading on the NYSE at $30.35, up $0.55 or 1.85 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Luis de Guindos, vice president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Jan. 30, 2025. Alex Kraus/Bloomberg via Getty Images There is an "elevated" risk of a market correction, European Central Bank vice president Luis De Guindos told CNBC on Wednesday, as stock indices notch fresh record highs despite a combination of geopolitica...
Luis de Guindos, vice president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Jan. 30, 2025. Alex Kraus/Bloomberg via Getty Images There is an "elevated" risk of a market correction, European Central Bank vice president Luis De Guindos told CNBC on Wednesday, as stock indices notch fresh record highs despite a combination of geopolitical turmoil, fiscal challenges and outsized valuations. "There is a risk of a correction because valuations in markets are quite high, quite elevated and ... the main element of concern, from our standpoint, is geopolitical risk," the senior ECB official told CNBC's Annette Weisbach. "On top of that, we have the fiscal situation in Europe, we have the situation of non-banks, mainly private credit and private equity institutions, and the interconnection of these non-banks with the banking system. So it's a combination of elements," he noted. The duration of the war in Iran could prove pivotal to the degree of risk markets face, De Guindos said, amid continued market confidence in a quick resolution. "Markets discount that the conflict will be over shortly and if that's not the situation, that could trigger a modification in the perception of markets. That, in combination with other elements ... might trigger a correction in markets," he said. watch now VIDEO 13:02 13:02 Geopolitics is main financial stability risk, ECB's De Guindos tells CNBC Squawk Box Europe 'Geoeconomic stress' The ECB's latest Financial Stability Review, also published on Wednesday, assessed that the outlook for euro area financial stability was "being shaped by geoeconomic stress and energy supply disruptions." "Prolonged geopolitical stress and lingering fiscal challenges could test financial market sentiment," the review noted, warning that this could deteriorate "as downside risks related to geopolitical, fiscal and macro-financial developments appear underestimated." "Fiscal expansion in a challenging...
straga/iStock via Getty Images CVC Capital Partners sold its stake in Spanish energy company Naturgy ( GASNF ) ( GASNY ), raising € 3.07B ($3.57B), weeks after BlackRock ( BLK ) exited its entire investment in the company, The Wall Street Journal reported Wednesday. CVC's Rioja Acquisition sold shares representing an 11.08% stake in Naturgy ( GASNF ) ( GASNY ) at €28.55/share, representing a 4.6% ...
straga/iStock via Getty Images CVC Capital Partners sold its stake in Spanish energy company Naturgy ( GASNF ) ( GASNY ), raising € 3.07B ($3.57B), weeks after BlackRock ( BLK ) exited its entire investment in the company, The Wall Street Journal reported Wednesday. CVC's Rioja Acquisition sold shares representing an 11.08% stake in Naturgy ( GASNF ) ( GASNY ) at €28.55/share, representing a 4.6% discount to Naturgy’s closing price on Tuesday. The sale means CVC has divested its entire 13.8% stake in Naturgy ( GASNF ) ( GASNY ), and Goldman Sachs Bank Europe said CVC settled certain financial contracts with the bank, resulting in the sale of an additional 2.72% stake in Naturgy. The move comes after a BlackRock-owned ( BLK ) fund in March sold its entire 11.4% stake in Naturgy ( GASNF ) ( GASNY ), raising $3.3B. More on Naturgy Energy Naturgy Energy Q1 2026 Earnings Call Transcript Naturgy Energy Shareholder/Analyst Call Transcript Dividend scorecard for Naturgy Energy
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(RTTNews) - Global pharmaceutical solutions provider Cencora, Inc. (COR) Wednesday announced the appointment of Eva Boratto as executive vice president and chief financial officer, effective June 29, 2026. Boratto will succeed James Cleary, who will be retiring as previously announced and will serve in an advisory capacity through the end of 2026. Boratto has been serving as CFO of Bath & Body Wor...
(RTTNews) - Global pharmaceutical solutions provider Cencora, Inc. (COR) Wednesday announced the appointment of Eva Boratto as executive vice president and chief financial officer, effective June 29, 2026. Boratto will succeed James Cleary, who will be retiring as previously announced and will serve in an advisory capacity through the end of 2026. Boratto has been serving as CFO of Bath & Body Works, Inc., where she played a key leadership role in the company's multi-year transformation strategy. Further, Cencora reaffirmed its previously issued adjusted diluted earnings per share guidance range of $17.70 to $17.90 for fiscal year 2026. On May 21, 2026, Cencora had updated adjusted diluted earnings per share from a previous range of $17.65 to $17.90. The company also reaffirmed its long-term guidance for adjusted operating income growth of 7% to 10% and adjusted diluted earnings per share growth of 10% to 14%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Jensen Huang, chief executive and founder of Nvidia, has pledged tens of billions more in investment for Taiwan, as the semiconductor giant expands its corporate footprint in the region. At a launch event for Nvidia’s new Taiwan headquarters in Taipei, Huang said: "Four years ago, five years ago, Nvidia was spending about 10, 15 billion dollars a year in Taiwan. Now we're spending 100, going to 15...
Jensen Huang, chief executive and founder of Nvidia, has pledged tens of billions more in investment for Taiwan, as the semiconductor giant expands its corporate footprint in the region. At a launch event for Nvidia’s new Taiwan headquarters in Taipei, Huang said: "Four years ago, five years ago, Nvidia was spending about 10, 15 billion dollars a year in Taiwan. Now we're spending 100, going to 150 billion dollars in Taiwan each year.” Later this year, Nvidia will break ground on Constellation, its new four-hectare Taipei headquarters. More than 4,000 Nvidia employees will work at the office complex when it is complete, with Nvidia targeting an opening date of 2030. To invest $150 billion in Taiwan annually, Nvidia would have to dedicate more than an entire quarter’s revenue to the region. In the financial quarter ending April 2026, Nvidia reported $81.6 billion in revenue, up 85 per cent year-on-year. The firm projects $91 billion in revenue for the current financial quarter, plus or minus 2 per cent. "Taiwan is the epicentre of the AI revolution,” Huang added. “This is where the chips come, packaging comes, this is where the systems are made, this is where AI supercomputers were created. The number of partners we work with here in Taiwan, incredible." Taiwan is a major hub for semiconductor manufacturing, with approximately 90 per cent of the world’s advanced chips – including graphics processing units (GPUs) and central processing units (CPUs) – produced in the region. The majority of Nvidia’s chips, as well as those of competitors such as AMD, are manufactured by Taiwan Semiconductor Manufacturing Company (TSMC).AMD is also investing heavily in Taiwan as firms look to secure advanced semiconductor manufacturing capacity to support demand from data centre operators. Last week Lisa Su, chief executive of AMD, visited Taipei and committed to expanding manufacturing capacity in the region to meet rising demand, Reuters reported. Share Story:
claffra/iStock via Getty Images So far, my bullish thesis hasn't played out. Now, FinVolution Group ( FINV ) is down 4% since my last piece , while the benchmark rallied 9% over the same period. But I am not throwing in the towel just yet. If anything, there are several important tailwinds developing favorably for my bullish thesis. FINV: The Stock Is Down 4% Since My Last Piece (Seeking Alpha) On...
claffra/iStock via Getty Images So far, my bullish thesis hasn't played out. Now, FinVolution Group ( FINV ) is down 4% since my last piece , while the benchmark rallied 9% over the same period. But I am not throwing in the towel just yet. If anything, there are several important tailwinds developing favorably for my bullish thesis. FINV: The Stock Is Down 4% Since My Last Piece (Seeking Alpha) On top of this, yesterday, the Chinese fintech announced earnings . It wasn't an ideal one. But the company reiterated guidance for the remainder of the year. And also authorized a $150 million share repurchase program. In my opinion, this strengthens confidence in management, although it surely has been a challenging hold. Now, FINV is trading at a low single-digit earnings multiple . And I think that the majority of the worries may already be priced in. So, I maintained my rating as a Buy. Shaky Performance, But Guidance Reiterated I view the recent quarterly performance as a bump in the road. I don't see any significant structural issues. If anything, I am fascinated by international growth. And I think that's the key tailwind for the years to come. FINV: Q1 2026 Results (FinVolution Investor Relations) Now, obviously, performance in China has dramatically weakened. The fintech experienced a decline in transaction volume and outstanding loan balance. But, quite frankly, I think this was expected. We could've told this from the stock price, too. It has dropped 43% over the past 12 months. And I argue that the majority of the concerns could already be priced in. But what happened in China? To be fair, it's not FINV's structural issues. It's all about regulatory changes made by the authorities for fintechs and lending. Now, it means that FinVolution will have to adjust. Chinese authorities capped interest rates, and I think the company may undergo margin shrinkage in the short term just because of it. On top of this, Article 31 drafted new requirements for financial instituti...