(RTTNews) - Indian shares traded lower in early trade on Thursday, extending losses from the previous session as continued hostilities between the United States and Iran kept oil prices elevated.
(RTTNews) - Indian shares traded lower in early trade on Thursday, extending losses from the previous session as continued hostilities between the United States and Iran kept oil prices elevated.
AlexSecret Honeywell’s ( HON ) Quantinuum on Wednesday said it has raised $1.68B in its U.S. initial public offering after pricing shares at $60 apiece. Broomfield, Colorado-based Quantinuum sold 28 million shares in the offering. Earlier this week, the company increased the price range to $53-$55 per share and boosted the number of shares on offer to 26.5 million, typically a sign of strong inves...
AlexSecret Honeywell’s ( HON ) Quantinuum on Wednesday said it has raised $1.68B in its U.S. initial public offering after pricing shares at $60 apiece. Broomfield, Colorado-based Quantinuum sold 28 million shares in the offering. Earlier this week, the company increased the price range to $53-$55 per share and boosted the number of shares on offer to 26.5 million, typically a sign of strong investor demand. Quantinuum will begin trading on the Nasdaq on Thursday, under the ticker symbol “QNT.” J.P. Morgan and Morgan Stanley are the lead underwriters of the offering. More on Honeywell International, Quantinuum Inc. Quantinuum: Is This IPO Poised To Make A Quantum Leap? Wall Street Brunch: Schrodinger's IPO Honeywell International Inc. (HON) Presents at Wolfe Research 19th Annual Global Transportation & Industrials Conference Transcript Honeywell Aerospace targets $6.5B in earnings by 2030 Quantum computing stocks tumble ahead of Quantinuum IPO
Fluence Energy (FLNC) is back on investor radar after a sharp share price move triggered by its new three way partnership with Nvidia and Siemens to supply battery storage for AI focused data centers. See our latest analysis for Fluence Energy. The stock’s recent enthusiasm around AI data centers has been volatile, with a 1 day share price return that fell 10.96% after a 30 day share price return ...
Fluence Energy (FLNC) is back on investor radar after a sharp share price move triggered by its new three way partnership with Nvidia and Siemens to supply battery storage for AI focused data centers. See our latest analysis for Fluence Energy. The stock’s recent enthusiasm around AI data centers has been volatile, with a 1 day share price return that fell 10.96% after a 30 day share price return of 101.54%. Its 1 year total shareholder return of 412.37% contrasts with a 3 year total...
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: Military action is picking up again in Iran, and the effects on prices are spreading. Vanguard now has the world’s first trillion-dollar exchange-traded fund. Tariffs are ba-a-a-ack. The new justification is forced labor . The yen is again through 160 per dollar even though the BOJ sounds hawkish . AND...
To get John Authers’ newsletter delivered directly to your inbox, sign up here . Today’s Points: Military action is picking up again in Iran, and the effects on prices are spreading. Vanguard now has the world’s first trillion-dollar exchange-traded fund. Tariffs are ba-a-a-ack. The new justification is forced labor . The yen is again through 160 per dollar even though the BOJ sounds hawkish . AND: Some more shy violet songs . VOOmmmmmm! The world has its first-ever trillion-dollar exchange-traded fund: Vanguard’s S&P 500 fund, ticker symbol VOO . Trends in fund management had pointed to this. Vanguard pioneered and now dominates passive investing, the preferred vehicle is the ETF, the economics of such funds improve with scale as costs can be defrayed , and the base of any sensible asset allocation should be a broad exposure to the US. No wonder VOO got to the landmark first. Except this comes as quite a surprise. The late Jack Bogle, Vanguard’s legendary founder, disliked the ETF format , arguing that the ability to trade during the day should be irrelevant for the buy-and-hold investors the company existed to serve. Vanguard resisted offering ETFs until well after they had become established. If there was a most likely candidate to break the trillion-dollar landmark first, it was State Street’s ETF tracking the S&P 500, known as SPY , which evangelized the entire sector. It was launched in 1993, and had already topped $100 billion in assets before VOO was even launched. The Vanguard fund only overhauled SPY’s assets for the first time early last year. But brand and distribution power won out: What of the future? The tale of the race to become the first $100 billion fund is instructive. It pitted Fidelity’s Magellan, an active mutual fund managed for many years by the great Peter Lynch , against Vanguard’s S&P 500 offering, which was basically SPY in mutual fund form. In the 1990s, it was regarded as the proof of concept for the whole discipline of passive investi...
peshkov/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy and Ewa Manthey , Commodities Strategist Energy - US crude inventories continue to decline Re-escalation in the Persian Gulf pushed oil prices higher yesterday, with fresh attacks once again casting doubt over a resumption of energy flows through the Strait of Hormuz. There also appear to be mixed messages about the...
peshkov/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy and Ewa Manthey , Commodities Strategist Energy - US crude inventories continue to decline Re-escalation in the Persian Gulf pushed oil prices higher yesterday, with fresh attacks once again casting doubt over a resumption of energy flows through the Strait of Hormuz. There also appear to be mixed messages about the progress in negotiations between the US and Iran. President Trump says talks are moving in the right direction; Iranian media reports that no tangible progress has been made. News that Israel and Lebanon agreed on a ceasefire could potentially open the door for talks to advance. Iran has been adamant that any ceasefire with the US is dependent on a halt in fighting in Lebanon. Every day that passes without a resumption of oil flows leaves the market increasingly vulnerable. This increases the pressure to strike a deal. Inventories have provided a cushion for the oil market. However, even if we see an imminent restart of oil flows through the Strait of Hormuz, the recovery will be slow and gradual. This suggests inventories are likely to continue to tighten into the third quarter, leaving upside risk to prices. This ties in with comments from Kuwait Petroleum, which said it would take 6-8 weeks to get Kuwaiti output back to 70% of normal levels once the strait reopens. Then, it would take another month for output to return to normal. Weekly inventory numbers from the EIA show that US commercial crude oil inventories fell by 7.97m barrels over the last week. This leaves the total inventory draw over the last month and a half at 32m barrels. While inventories do fall seasonally as refiners ramp up operating rates, the pace of decline has been faster than usual. When taking into consideration releases from the strategic petroleum reserve, total crude inventories fell by 15.97m barrels over the last week. Refined product inventories increased over the week, with gasoline and di...
Meta Platforms won a partial legal victory in the EU as regulators dropped the "gatekeeper" label from its Marketplace service while keeping it on Messenger. The ruling adjusts how EU rules apply to key Meta products, affecting oversight, data use, and potential monetization options. Separately, Meta launched Meta Business Agent globally, offering an AI customer service tool to enterprises and exp...
Meta Platforms won a partial legal victory in the EU as regulators dropped the "gatekeeper" label from its Marketplace service while keeping it on Messenger. The ruling adjusts how EU rules apply to key Meta products, affecting oversight, data use, and potential monetization options. Separately, Meta launched Meta Business Agent globally, offering an AI customer service tool to enterprises and expanding its commercial AI efforts beyond advertising. For investors watching NasdaqGS:META, the...
The nine-metre southern right whale, or tohorā in Māori, is the first of the species to have been recorded entangled in New Zealand waters A whale that became entangled in a large fishing net and was dragging four buoys and 100 metres of rope behind its tail has been cut free after a complex multi-day rescue operation off the southern coast of New Zealand. The nine-metre-long southern right whale,...
The nine-metre southern right whale, or tohorā in Māori, is the first of the species to have been recorded entangled in New Zealand waters A whale that became entangled in a large fishing net and was dragging four buoys and 100 metres of rope behind its tail has been cut free after a complex multi-day rescue operation off the southern coast of New Zealand. The nine-metre-long southern right whale, or tohorā in Māori, was first spotted by fishers on Saturday morning near the country’s southern island, Rakiura. Continue reading...
claudiodivizia/iStock Editorial via Getty Images Investment Action I had a buy rating for Victoria 's Secret & Co. ( VSXY ) previously, as I thought the turnaround was moving very nicely, in that we could see the core intimates business scaling well, the customer file getting better, and the international playbook playing out nicely. VSXY 's Q1 results strengthened the fundamental turnaround thesi...
claudiodivizia/iStock Editorial via Getty Images Investment Action I had a buy rating for Victoria 's Secret & Co. ( VSXY ) previously, as I thought the turnaround was moving very nicely, in that we could see the core intimates business scaling well, the customer file getting better, and the international playbook playing out nicely. VSXY 's Q1 results strengthened the fundamental turnaround thesis, with core intimates still working, PINK showing better momentum, Beauty growing, and international scaling well. Margins also improved, helped by stronger regular-price selling. The issue is valuation and expectations. After the stock 's move, I think a lot of the good news has already been rewarded. I still like the operating story, but the risk/reward is no longer as attractive as before. Q1 2026 Results VSXY came through with a strong performance again in Q1 2026 . Net sales grew 15% y/y, with comparable sales growth [CSG] of 13%, while comparable store sales growth [CSSG] saw 10%. Note that this was the 4th straight quarter of positive CSG, and encouragingly, the strength was not isolated to one product or one channel. Victoria 's Secret, PINK, and Beauty all delivered double-digit sales growth, and VSXY saw growth across categories, channels, and geographies. By channel, North America store sales were up 11% y/y, with direct sales up 8.4% y/y. International sales were up significantly, at 44.9% y/y, as they benefited from the shift of European Union direct sales into the International channel. But even still, international sales grew 36% after adjusting for that shift. In North America, the intimates business across Victoria 's Secret and PINK grew low double digits. The bra business also grew low double digits, while panties and sleep were both up mid-teens. PINK also delivered low double-digit growth, with demand seen in core apparel, intimates, and stronger regular-price selling. Lastly, Beauty also grew in low double digits. Strong revenue performance drove very...