Stock Research

Indian equities came under renewed pressure after HSBC downgraded its stance on the market to underweight, warning that a surge in oil prices linked to the Middle East conflict could derail the country’s earnings recovery and dampen investor sentiment. The downgrade, the brokerage’s second in less than a month, reflects growing concern that rising energy… Continue reading HSBC downgrades Indian equities to Underweight as oil surge hits markets

Univity, a satellite internet startup backed by the French state, said on Thursday it had closed a €27 million ($32 million) funding round. The company aims to launch thousands of satellites and position itself as Europe’s largest satellite operator. The Series A funding round, combined with a €31 million contract from the French space agency,… Continue reading Univity raises €27M to build Europe’s biggest satellite network

Nestle reported better-than-expected first-quarter sales growth on Thursday, supported by increased demand for its coffee and pet food products. The world’s largest packaged food company saw stronger volumes and stable pricing contribute to the performance. Organic sales, which exclude the impact of currency fluctuations and acquisitions, rose 3.5% in the three months ended March. This… Continue reading Nestle surpasses Q1 expectations as coffee and food sales rise

“Magnificent Seven” stocks are in focus as we approach a pivotal week for the US stock market, with five of them (MSFT, AMZN, AAPL, META, and GOOGL) slated to report their Q1 earnings. These mega-cap names will offer valuable insights not just into the health of the tech sector – but the broader economy as… Continue reading Cheapest ‘Magnificent 7’ stock revealed ahead of Big Tech earnings

SK Hynix’s record first-quarter profit failed to deliver a bigger lift to the stock on Thursday, as investors weighed whether the AI-driven memory boom can keep running at the same pace. The South Korean chipmaker posted an operating profit of 37.6 trillion won ($25.4 billion) for the January-March period. The figure jumped more than fivefold… Continue reading Why is SK Hynix stock falling despite record first-quarter profit?

SoftBank Group is seeking to raise as much as $10 billion through a margin loan backed by its shares in OpenAI, according to Bloomberg News. The development comes as Masayoshi Son’s group leans further on debt to finance its artificial intelligence push. The proposed borrowing would run for two years and include an option for… Continue reading Why is SoftBank raising $10B loan backed by OpenAI stake?

Gold fell to a two-week low on Friday as oil prices pushed back above $100 a barrel after renewed military tension between the US and Iran heightened inflation concerns and reinforced expectations that interest rates may stay higher for longer. Spot gold fell 0.7% to $4,705.1 an ounce, while US gold futures for June delivery slipped 0.6%… Continue reading Gold hits two-week low: are rising oil prices to blame?

Asian equities climbed to fresh highs on Thursday after Wall Street’s benchmark posted a third straight record close, as a solid start to the US earnings season helped investors look beyond rising oil prices. Japan’s benchmark briefly rose above 60,000 for the first time, South Korea’s Kospi reached a record high and Taiwan’s main index also touched… Continue reading Nikkei breaks 60,000 as Asian markets climb on strong earnings

Paramount’s ambitious $110 billion bid to acquire Warner Bros. Discovery is approaching a decisive moment, as shareholders prepare to vote on the deal on Thursday, bringing the media industry closer to one of its largest consolidations in recent years. The proposed transaction, which has already secured unanimous backing from the boards of both companies, is… Continue reading Warner Bros. Discovery’s shareholders to vote on Paramount’s offer tomorrow