Airline’s shares hit highest level in three months as investment group Castlelake says it is considering offer Business live – latest updates EasyJet has called a potential £3bn bid by a US investment group “highly opportunistic”, as shares in the budget airline shot up to their highest level in three months on the takeover interest. The US private credit firm Castlelake said on Friday it was cons...
Airline’s shares hit highest level in three months as investment group Castlelake says it is considering offer Business live – latest updates EasyJet has called a potential £3bn bid by a US investment group “highly opportunistic”, as shares in the budget airline shot up to their highest level in three months on the takeover interest. The US private credit firm Castlelake said on Friday it was considering a takeover offer for the airline. On Monday, it said it had already bought a 2.14% stake in the business and its offer would value easyJet at least at 403p a share, or about £3bn overall. Continue reading...
Lucid Group ( LCID ) has announced that Silvio Napoli is now the CEO, effective immediately. Napoli was previously announced as the incoming CEO on April 14 and has extensive global leadership experience, having served as Chairman and CEO of Schindler Group. Marc Winterhoff, who was interim CEO, will return to his role as COO and report to Napoli. More on Lucid Lucid Group, Inc. 2026 Q1 - Results ...
Lucid Group ( LCID ) has announced that Silvio Napoli is now the CEO, effective immediately. Napoli was previously announced as the incoming CEO on April 14 and has extensive global leadership experience, having served as Chairman and CEO of Schindler Group. Marc Winterhoff, who was interim CEO, will return to his role as COO and report to Napoli. More on Lucid Lucid Group, Inc. 2026 Q1 - Results - Earnings Call Presentation Lucid Group, Inc. (LCID) Q1 2026 Earnings Call Transcript Lucid: Robotaxi Deal And BOM Cost Reductions To Drive Upside Mid-cap consumer discretionary stocks ranked by quant ratings after earnings season Saudi fund PIF value declined by 7.3% in Q1
deepblue4you Brazil's state-controlled oil company Petrobras ( PBR ) is cutting domestic diesel prices starting Monday under a government-backed program aimed at protecting consumers from the economic impact of the Middle East conflict. The company said it will lower the average diesel price charged to distributors by R$0.3515 per liter, or 9.6%, to R$3.30 per liter, effective June 1. Petrobras sa...
deepblue4you Brazil's state-controlled oil company Petrobras ( PBR ) is cutting domestic diesel prices starting Monday under a government-backed program aimed at protecting consumers from the economic impact of the Middle East conflict. The company said it will lower the average diesel price charged to distributors by R$0.3515 per liter, or 9.6%, to R$3.30 per liter, effective June 1. Petrobras said the reduction is linked to a federal subsidy program intended to neutralize the reinstatement of the PIS and Cofins fuel taxes, which will also take effect from June 1st. The move marks Petrobras' first diesel price cut since it raised distributor prices to R$3.65 per liter in March and comes just days after the company increased domestic gasoline prices. More on Petrobras Petrobras: Why I Disagree With Wall Street Petrobras: Cheap Oil Stock With High Yield Potential Petrobras: Q2 FY 2026/H2 FY 2026 Dividend Tailwinds, Maintain Buy SBM Offshore awarded multibillion-dollar FPSO contracts for Petrobras project Petrobras sees potential for Pemex partnership to develop Mexico's deep waters
Key PointsAlthough the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite just hit all-time highs, inflation looms large as a serious threat to Wall Street's bull market.
Key PointsAlthough the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite just hit all-time highs, inflation looms large as a serious threat to Wall Street's bull market.
Kakao Corp. ’s labor union called for a four-hour strike next week, escalating a dispute with South Korea’s biggest messaging service after negotiations over compensation and job security broke down last month. Unionized workers at Kakao as well as four company affiliates plan to stage a walkout on June 10 in Pangyo, a technology hub south of Seoul, according to a statement from the labor organiza...
Kakao Corp. ’s labor union called for a four-hour strike next week, escalating a dispute with South Korea’s biggest messaging service after negotiations over compensation and job security broke down last month. Unionized workers at Kakao as well as four company affiliates plan to stage a walkout on June 10 in Pangyo, a technology hub south of Seoul, according to a statement from the labor organization. Union officials said the action is intended as an initial warning rather than a full-blown strike. They called it a “partial” strike, acknowledging concerns about disruptions to the KakaoTalk messaging app that most residents rely on daily. The union said it may look to expand the action if future negotiations fail to yield meaningful progress. The dispute mirrors a broader debate now gripping South Korea’s technology sector. Workers are demanding a greater share of earnings from an AI boom that’s benefited hardware firms in particular. Samsung Electronics Co. , South Korea’s largest company, agreed last month to allocate 10.5% of its operating profit as bonus in stock, with a further 1.5% in cash. Kakao workers are protesting a compensation structure they say rewards senior management while rank-and-file employees face uncertainty from asset divestments and spinoffs. The union is demanding stronger job security and a revamped bonus system, arguing that executives receive outsized payouts despite management scandals . Kakao has said in a statement that some of the union’s proposals, such as profit-sharing, creates a burden during a period of intense global competition in AI, and that it will “keep the door open for dialogue until the very end.” The confrontation follows the collapse of a second round of government-mediated wage talks last month. If it goes ahead, the planned strike at Kakao would mark the first large-scale test case for how a consumer AI platform balances employee demands against the growing capital required to stay ahead in the AI era. Kakao is plann...
Hedge funds purchased US equities at the fastest pace in six months last week, as the S&P 500 Index extended its historic winning streak, according to Goldman Sachs Group Inc.’s prime brokerage desk. Trading flows were driven by long buys and short covering in a combination of index and exchange-traded fund products, the Goldman traders said in a client note. Short positions in US-listed ETFs drop...
Hedge funds purchased US equities at the fastest pace in six months last week, as the S&P 500 Index extended its historic winning streak, according to Goldman Sachs Group Inc.’s prime brokerage desk. Trading flows were driven by long buys and short covering in a combination of index and exchange-traded fund products, the Goldman traders said in a client note. Short positions in US-listed ETFs dropped for a second week as they declined 0.6%. Sustained investor enthusiasm around artificial intelligence infrastructure spending and a stronger-than-expected earnings season have powered a relentless rally in US stocks. The S&P 500 has posted nine weeks of consecutive gains, the longest such streak since 2023. The tech-dominated Nasdaq 100 Index, meanwhile, is up more than 20% this year. The latest hedge fund positioning data marks a notable shift from the more defensive posture that the Goldman desk noted two-thirds of the way through May. The traders reported then that the funds had taken profit on chip stocks and added macro shorts amid rising bond yields and above-consensus inflation prints. Read more: Goldman Says Hedge Funds Took Profit on Huge Chip-Stock Rally Financial stocks were the clearest beneficiary of last week’s rotation, attracting the largest net buying in almost six months, the Goldman traders said. Long purchases outpaced short sales by roughly 6.5 to one, led by payment stocks and, to a lesser extent, banks. This was partially offset by selling in consumer finance and capital markets. Even with the latest inflows to financials, allocations to the sector remain deeply depressed, the Goldman team noted. “Gross and net allocations in financials as a percentage of total US Prime book are still essentially at their respective 5-year lows in the 1st percentiles,” the desk wrote. The push into financials contrasted sharply with continued pressure on industrials, which were net sold for seven of the last eight weeks. Short exposure in the sector has reached th...