Chinese food and on-demand delivery giant Meituan reported on Thursday its second consecutive quarterly loss since 2022, as intense competition and a prolonged price war with Alibaba Group Holding and JD.com last year squeezed margins. The company reported a 15 billion yuan (US$2.2 billion) adjusted net loss – worse than the 12.9 billion yuan average estimate by analysts – for the fourth quarter e...
Chinese food and on-demand delivery giant Meituan reported on Thursday its second consecutive quarterly loss since 2022, as intense competition and a prolonged price war with Alibaba Group Holding and JD.com last year squeezed margins. The company reported a 15 billion yuan (US$2.2 billion) adjusted net loss – worse than the 12.9 billion yuan average estimate by analysts – for the fourth quarter ended December 31, compared with adjusted net profit of 9.8 billion yuan a year earlier. Its...
Zscaler (NASDAQ: ZS) is one of the most misunderstood stocks in the cybersecurity space. Though it has maintained a consensus buy rating from the Wall Street analysts who cover it, the stock is down by more than 36% so far in 2026. The median analyst price target for the stock is $220, implying an upside of more than 52% from where it was trading Wednesday morning. The most bullish 12-month target...
Zscaler (NASDAQ: ZS) is one of the most misunderstood stocks in the cybersecurity space. Though it has maintained a consensus buy rating from the Wall Street analysts who cover it, the stock is down by more than 36% so far in 2026. The median analyst price target for the stock is $220, implying an upside of more than 52% from where it was trading Wednesday morning. The most bullish 12-month target price is $335, implying an upside of almost 133%. While these growth estimates may appear aggressive, they do not require extraordinary assumptions. A shift in narrative could be enough. Right now, what is driving the stock is the fear that artificial intelligence (AI) tools will disrupt Zscalar's business. But I suspect that those fears will fade and be replaced by recognition of AI-driven demand for its services, and as that occurs, the combination of continued earnings growth and valuation expansion could push the stock toward even the most bullish analyst target. Image source: Getty Images. Continue reading
Stocks and bonds fell across the world as Iran’s persistent rejection of the Trump administration’s push for talks to end the war in the Middle East sent oil prices higher. The wrangle over a de-escalation in the Middle East has seen Iran rebuff the White House’s insistence that peace talks are ongoing and issue conditions of its own. Iran’s parliament has meanwhile begun drafting legislation to i...
Stocks and bonds fell across the world as Iran’s persistent rejection of the Trump administration’s push for talks to end the war in the Middle East sent oil prices higher. The wrangle over a de-escalation in the Middle East has seen Iran rebuff the White House’s insistence that peace talks are ongoing and issue conditions of its own. Iran’s parliament has meanwhile begun drafting legislation to impose a fee on vessels seeking passage through the Strait of Hormuz, a key artery for crude that has effectively been shut since the conflict began. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Lizzy Burden and Tom Mackenzie. (Source: Bloomberg)
Good morning . Military strikes continue as the US and Iran wrangle over talks. The Trump administration is said to be examining what a major spike in oil would mean. And on Wall Street, bankers are coming off a bumper year with a surge in bonuses. Listen to the day’s top stories . — Marc Perrier Market Snapshot S&P 500 Futures 6,595.75 -0.7% Nasdaq 100 Futures 24,178.25 -0.8% Bloomberg Dollar Spo...
Good morning . Military strikes continue as the US and Iran wrangle over talks. The Trump administration is said to be examining what a major spike in oil would mean. And on Wall Street, bankers are coming off a bumper year with a surge in bonuses. Listen to the day’s top stories . — Marc Perrier Market Snapshot S&P 500 Futures 6,595.75 -0.7% Nasdaq 100 Futures 24,178.25 -0.8% Bloomberg Dollar Spot Index 1,212.11 +0.1% Market data as of 06:20 AM ET. Data is subject to provider delays. Oil climbed as persistent Middle East tensions, coupled with conflicting signals from Washington and Tehran over ceasefire talks, fueled fears of a global energy shock . While Donald Trump has pushed for negotiations to end the war, the US has also ordered thousands of troops to the region, fanning fears of a risky ground invasion . As military strikes continue in the region, keep up with the latest developments with our blog. Iran is working on a draft bill that would impose a fee on vessels seeking safe passage through the Strait of Hormuz, according to the semi-official Fars news agency. The narrow waterway has been all but closed since US and Israeli strikes on Iran began almost a month ago. Here’s an explainer on what it would take to reopen it . BlackRock President Rob Kapito said investors may be underestimating the risks stemming from the Iran war, warning growth may be hit by as much as two percentage points and oil could spike to $150 a barrel. Check out the latest on what’s happening in the markets. Wall Street bonuses jumped last year, with the total pool rising to $49.2 billion —the largest in records going back to 1987. The average bonus rose 6% to $246,900, New York State Comptroller estimates show. Bankers started 2026 on a high after a windfall last year that included a record $134 billion of trading revenue and an upswing in dealmaking. Not as rosy. Former Goldman chief Lloyd Blankfein warned of a “fire” risk in private assets , saying a spark may trigger a widespread...
Evgeniia Medvedeva/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Olaplex ( OLPX ) to be acquired by Henkel ( HENKY ) for $1.4B; stock surges 49% premarket. (00:14) JetBlue ( JBLU ) jumps on report it's exploring potential sale . (01:14) LA jury finds Meta, Google liable for inducing social media addiction in young woman. (02:05) This is an abridged transcript. Ol...
Evgeniia Medvedeva/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify Olaplex ( OLPX ) to be acquired by Henkel ( HENKY ) for $1.4B; stock surges 49% premarket. (00:14) JetBlue ( JBLU ) jumps on report it's exploring potential sale . (01:14) LA jury finds Meta, Google liable for inducing social media addiction in young woman. (02:05) This is an abridged transcript. Olaplex Holdings ( OLPX ) is up 49% in premarket action. Olaplex agreed to be acquired by German consumer giant Henkel AG & Co. KGaA ( HENKY ) ( HELKF ) ( HENOY ). The all-cash transaction is valued at $1.4B . The $2.06 per share cash offer represents a massive 55% premium over Olaplex’s March 25 closing price, and a premium of approximately 45% over the volume weighted average price for the last 30 trading days. Upon completion of the deal, expected in the second half of 2026, Olaplex will be delisted from the Nasdaq but will continue to operate as a standalone brand within Henkel’s professional hair care portfolio. Notably, Advent International, which holds a majority of the voting power in Olaplex, has already provided written consent for the transaction, so no further action is needed from other stockholders. Advent will fully exit its investment upon closing. JetBlue ( JBLU ) closed the day Wednesday up 13% on a report that it's evaluating plans to sell itself to a rival airline . According to a Semafor report on Wednesday, which cited people familiar with the matter, JetBlue ( JBLU ) has tapped advisers to see how a deal with United Airlines ( UAL ), Alaska Airlines ( ALK ) or Southwest Airlines ( LUV ) might be perceived in Washington. According to the report, this is preliminary, and the airline may decide to keep the status quo and not try to sell itself. It wasn't known whether JetBlue ( JBLU ) had held any talks or received indications of interest. JetBlue declined to comment on internal talks to Semafor. United ( UAL ) and Southwest ( LUV ) also declined to commen...
Weeks of unrelenting US and Israeli strikes have severely weakened Iran — so why are its missiles still such a threat? Gerry Doyle explains why Tehran's longer-range weapons are harder to hit. (Source: Bloomberg)
Weeks of unrelenting US and Israeli strikes have severely weakened Iran — so why are its missiles still such a threat? Gerry Doyle explains why Tehran's longer-range weapons are harder to hit. (Source: Bloomberg)