IAG share price has come under pressure this year as the ongoing US-Iran war has disrupted its business. It dropped to 366p on Wednesday, down from the year-to-date high of 465p. Focus now shifts to its earnings, which will provide more information on its business during the war.Soaring jet fuel…
Novo Nordisk’s rebound got another lift on Wednesday after the Danish drugmaker delivered a first-quarter beat and showed that its new Wegovy pill is gaining traction faster than Wall Street expected.The NVO stock jumped about 7% in early trading after the results, extending a strong run that has already pushed…
Palantir Technologies (NASDAQ: PLTR) is inching up in extended hours after reporting a market-beating Q1 and significantly raising guidance for the full year.The AI-enabled data analytics firm posted adjusted earnings of 33 cents per share on $1.63 billion in revenue – comfortably clearing 28 cents a share and $1.54 billion…
US software stocks have endured a brutal valuation reset in early 2026.Protracted inflation data and shifting interest rate expectations, especially amidst the Iran conflict, have severely compressed forward multiples, prompting investors to rotate out of high-beta cloud names.Still, Ritholtz’s chief executive Josh Brown hasn’t thrown in the towel on all…
Asian markets opened on a cautious note on Tuesday, with traders keeping one eye on oil and the other on geopolitics.The tensions between the United States and Iran continued to unsettle global markets.MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% in early trade, while Australia’s benchmark slipped…
Over the past year, OpenAI has expanded well beyond chatbots, operating more like a broad technology company with multiple business lines.A Wall Street Journal report says CEO Sam Altman briefly considered spinning off the company’s robotics and consumer hardware divisions in an Alphabet-style structure.The idea is to give those businesses…
HSBC delivered a broadly flat first-quarter profit that fell short of analyst expectations, as a specific fraud-related credit charge in its UK institutional banking unit and rising provisions linked to the US-Iran conflict pushed credit losses sharply higher. The result underscores how geopolitical turbulence and isolated credit events can rapidly…
UniCredit delivered the strongest quarterly earnings in its history on Tuesday, posting a first-quarter net profit that significantly exceeded market expectations and prompted a further upgrade to full-year guidance.The results came on the same day it formally launched a takeover offer for Commerzbank, the German lender it has pursued for…
UniCredit has turned its long pursuit of Commerzbank into a formal takeover fight.On Tuesday, the Italian lender said it had launched its €35 billion all-share offer for the German bank just one day after UniCredit shareholders approved the capital increase needed to back the deal.The takeover bid came as UniCredit…
European shares moved slightly lower on Tuesday as investors remained cautious following fresh attacks involving the United States and Iran in Gulf waters. Elevated global oil prices also added to market uncertainty.The pan-European STOXX 600 index declined 0.1% to 604.68 points as of 0704 GMT.The index had already recorded its…