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ZIM surges 34% on $4.2 billion all-cash takeover by Hapag-Lloyd
ZIM Integrated Shipping Services (NYSE:ZIM) soared 33.6% in premarket trading Tuesday after agreeing to a $35-per-share cash acquisition by Hapag-Lloyd, valuing the Israeli carrier at approximately $4.2 billion. The agreed price marks a 58% premium to ZIM’s closing level on February 13, 2026, and a 126% premium to the unaffected share price of $15.50 recorded…
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Eli Lilly to invest $1 billion in India to boost export capacity
Eli Lilly and Company (NYSE:LLY) is set to channel $1 billion into expanding contract manufacturing operations in India, with the goal of supplying medicines produced in the country to international markets. The U.S. drugmaker plans to position India as a key manufacturing base within its global supply network, according to details released Tuesday. In addition…
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Louisiana-Pacific tops EPS forecasts but misses on revenue; shares slip
Louisiana-Pacific Corporation (NYSE:LPX) released fourth-quarter results Tuesday showing a slight earnings beat but weaker-than-expected revenue, as solid momentum in its Siding division helped cushion a sharp downturn in its OSB business. Shares fell 1.73% in pre-market trading following the update. The company posted adjusted earnings of $0.03 per share, edging past consensus expectations of $0.00.…
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Builders FirstSource falls short in Q4; stock edges lower
Builders FirstSource (NYSE:BLDR) posted fourth-quarter results on Tuesday that came in below Wall Street expectations, sending shares modestly lower in pre-market trade. Adjusted earnings per share were $1.12, $0.15 under consensus estimates, while revenue of $3.4 billion trailed the $3.46 billion forecast. The stock declined 1.07% ahead of the open following the release. Net sales…
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Tech Sector Drag Could Pressure Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures are signaling a weaker start to Tuesday’s session, with equities poised to decline as markets reopen after the extended Presidents’ Day holiday weekend. Technology shares are expected to remain a source of pressure, highlighted by a 0.9% drop in Nasdaq 100 futures. Investor unease surrounding the rapid expansion of artificial intelligence infrastructure…
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Oil slips modestly as markets await U.S.–Iran negotiations
Crude prices moved slightly lower on Tuesday in subdued, holiday-affected trading, as attention centered on imminent diplomatic talks between Washington and Tehran. A firmer U.S. dollar ahead of several key economic releases and Federal Reserve signals later this week also weighed on energy markets. Brent futures for April delivery declined 0.3% to $68.45 per barrel,…
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Gold slips under $4,900/oz as U.S.–Iran negotiations and key data loom
Gold and silver extended their declines on Tuesday, building on the previous session’s weakness as investors stayed cautious ahead of important U.S. economic releases scheduled for later this week. Market nerves were also heightened by impending talks between Washington and Tehran regarding Iran’s nuclear program. At the same time, public holidays in both China and…
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U.S.-Iran talks loom; Palo Alto Networks earnings ahead – what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures fluctuated on Tuesday as investors looked ahead to fresh economic data and another round of corporate earnings. A continued rotation out of technology stocks and into more defensive sectors remains a key theme, amid renewed debate about the impact of artificial intelligence developments and heavy capital spending on long-term profitability. Meanwhile, Brent…
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Five key themes for markets in the coming week
Investors are heading into a shortened U.S. trading week with a packed agenda. A slate of economic reports — spanning inflation and growth — will command attention, alongside minutes from the Federal Reserve’s latest meeting. On the corporate front, results from Walmart (NYSE:WMT) and Palo Alto Networks (NASDAQ:PANW) are set to draw particular scrutiny. 1.…
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Oil steady as traders assess U.S.–Iran negotiations and looming OPEC+ output hike
Oil prices were broadly stable on Monday as markets balanced the potential impact of renewed U.S.–Iran nuclear discussions against expectations that OPEC+ could move forward with planned supply increases. By 09:10 GMT, Brent crude futures were down 18 cents, or 0.3%, at $67.52 per barrel. U.S. West Texas Intermediate crude slipped 17 cents to $62.72…