Category: Include on Menu
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UK Places Major Cloud Providers Under Financial Sector Oversight (MSFT)
The UK government has formally classified major cloud computing providers, including Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOG), Amazon (NASDAQ:AMZN) and Oracle (NYSE:ORCL), as critical third-party suppliers to the country’s financial services industry, subjecting them to direct regulatory supervision. The decision is intended to strengthen the resilience of banks, insurers and financial market infrastructure by reducing the risks…
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UBS Rebalancing Advice Triggers Withdrawals From Blue Owl Fund (OWL)
UBS advised certain clients to trim oversized private credit positions, prompting investor withdrawals from Blue Owl Technology Income during the fourth quarter of 2025, according to a Financial Times report published on Friday. The publication, citing two people familiar with the matter, said that at least 60% of the fund’s capital had been provided by…
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Fermi America Shares Fall After Pricing Upsized Convertible Notes Offering (FRMI)
Fermi America (NASDAQ:FRMI) shares dropped nearly 15% in premarket trading after the company announced the pricing of an enlarged $375 million offering of 5.00% convertible senior notes due in 2031. The financing, priced late on July 9, triggered a sharp sell-off in after-hours trading that continued into Friday’s premarket session. Convertible Offering Raises Dilution Concerns…
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CCC Intelligent Solutions Jumps on Report of Potential Sale Process (CCC)
CCC Intelligent Solutions Holdings Inc (NASDAQ:CCC) surged about 15% in premarket trading after a Reuters report said the software company is exploring strategic alternatives, including a possible sale. According to sources cited by Reuters, CCC has hired Morgan Stanley to oversee the process and has already approached a number of prospective buyers, including private equity…
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Disney Explores Free Disney+ Option to Strengthen Streaming Growth (DIS)
The Walt Disney Company (NYSE:DIS) is considering launching a free version of Disney+ as it seeks to broaden its streaming audience and better compete with the growing popularity of free, advertising-supported video platforms, according to a Business Insider report published on Friday. Disney shares were little changed in premarket trading. Free Streaming Models Gain Momentum…
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OpenAI and Google Provided AI Services to Pentagon-Listed Chinese Groups via Singapore Units
OpenAI (NASDAQ:OAI) and Alphabet’s (NASDAQ:GOOGL) Google have supplied advanced artificial intelligence services to Singapore-based subsidiaries of Alibaba (NYSE:BABA), Baidu Inc (NASDAQ:BIDU) and Tencent Holdings Ltd (NASDAQ:TME), despite the parent companies appearing on the Pentagon’s blacklist, according to a Financial Times report published on Friday. Shares of Alphabet were little changed in premarket trading, while U.S.-listed…
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Gold Heads for Weekly Loss as Middle East Tensions Boost Rate Concerns
Gold prices edged lower on Friday and remained on course for a weekly decline as renewed military tensions between the United States and Iran increased concerns that higher energy costs could keep inflation elevated and delay interest rate cuts. Silver and platinum were also set to end the week lower, while oil prices continued to…
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Oil Holds Steady and Remains on Course for Weekly Advance as Middle East Risks Stay Contained
Oil prices were little changed on Friday, but both major benchmarks remained on track to post solid weekly gains as investors weighed renewed military tensions between the United States and Iran against expectations that the conflict will remain limited and avoid disrupting crude exports from the Persian Gulf. At 14:18 ET (18:18 GMT), U.S. West…
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U.S. Futures Cautious Ahead of Earnings Season as Markets Monitor Geopolitical Risks: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures traded with little direction on Friday as investors weighed strength in Asian technology stocks against ongoing tensions in the Middle East while preparing for the start of the second-quarter earnings season. “Steady earnings fundamentals continue to anchor index volatility, Q2 results will be key to confirm this,” Barclays strategist Emmanuel Cau wrote…
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Wall Street Rallies as Chip Stocks Rebound and Oil Prices Ease Despite Iran Tensions
US stocks closed higher on Thursday as investors looked past a renewed flare-up in US-Iran hostilities and instead focused on a rebound in semiconductor stocks ahead of SK Hynix’s much-anticipated Nasdaq trading debut. Falling oil prices helped calm nerves even as the US and Iran traded fresh strikes during the session, with all three major…