Category: Top Story
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Stocks Rally to Best Levels Since Iran War Began as Trump Signals Deal Still Alive
U.S. stocks surged on Monday, closing at session highs after President Donald Trump said Iran still wanted to make a deal following a deadlock in peace talks. The comments helped ease investor anxiety over the ongoing Strait of Hormuz blockade, which had sent oil prices sharply higher earlier in the session. Despite crude topping $100…
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HPE shares fall as analysts flag slower growth outlook
Hewlett Packard Enterprise (NYSE:HPE) shares dropped more than 3% on Monday after analysts raised concerns about the company’s near-term growth trajectory. Raymond James downgraded the stock from “Strong Buy” to “Outperform,” citing softer growth expectations while maintaining a constructive long-term view. The firm said the move reflects “less certainty around growth and catalysts,” even as…
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Eli Lilly reports positive Phase 3 results for Jaypirca in blood cancer study
Eli Lilly and Company (NYSE:LLY) said its therapy Jaypirca achieved the primary endpoint in a Phase 3 trial involving patients with previously treated chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL). The BRUIN CLL-322 study evaluated Jaypirca in combination with venetoclax and rituximab against a regimen of venetoclax and rituximab alone in 639 patients…
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Best Buy shares slide after Goldman Sachs cuts rating to Sell
Best Buy (NYSE:BBY) shares dropped 4% on Monday after Goldman Sachs Group downgraded the stock from Neutral to Sell and set a price target of $59. The downgrade reflects concerns about potential challenges beyond the first quarter, despite short-term support from stronger PC demand and higher consumer tax refunds. Analyst Kate McShane warned that rising…
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Halliburton secures multibillion-dollar fracking deal with YPF in Argentina
Halliburton Company (NYSE:HAL) has been awarded a multibillion-dollar contract by YPF to deliver unconventional well completion services in Argentina’s Vaca Muerta shale basin. The multi-year agreement establishes an exclusive partnership covering bundled completion services in Vaca Muerta, widely regarded as one of the largest shale resources outside North America. The contract follows a competitive tender…
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Goldman Sachs slips despite first-quarter earnings beat
Goldman Sachs Group (NYSE:GS) reported stronger-than-expected first-quarter results, but its shares dropped 3.8% following the announcement. The bank posted earnings per share of $17.55 for the period ending March 31, comfortably ahead of the $16.47 consensus forecast. Revenue came in at $17.23 billion, also topping estimates of $16.95 billion and rising 14% from $15.09 billion…
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Wall Street set for lower open as renewed U.S.-Iran tensions unsettle markets: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures pointed to a weaker start on Monday, with equities likely to retreat after posting strong gains in the previous week. Investor sentiment has been dampened by rising fears of renewed escalation in the Middle East, following the collapse of weekend negotiations between Washington and Tehran. “They have chosen not to accept our…
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Five key themes for markets in the week ahead
Geopolitics is taking centre stage at the start of the trading week, with a planned U.S. blockade of the Strait of Hormuz driving fresh volatility across markets. The move has pushed oil prices higher again, while upcoming inflation data and a busy earnings calendar could provide further direction for investors. 1. U.S. moves ahead with…
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McDonald’s plans energy drinks and new sodas for U.S. menu overhaul – WSJ
McDonald’s (NYSE:MCD) is preparing to expand its beverage lineup in the U.S. with the launch of energy drinks and new flavoured sodas, as part of a broader effort to refresh its cold drink offering, according to a report by The Wall Street Journal. The company is expected to introduce several new drinks in the coming…
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Meta develops AI version of Zuckerberg to engage with staff – FT
Meta Platforms (NASDAQ:META) is building an artificial intelligence-powered replica of its chief executive Mark Zuckerberg to interact with employees on his behalf, according to a report by the Financial Times citing sources familiar with the project. The company has been advancing photorealistic, AI-driven 3D avatars capable of real-time interaction, and has recently shifted focus toward…