May 15, 2025 12:53 pm
Key Moments: Coinbase is set to suffer $180 million to $400 million in losses due to a recent cyberattack that affected names, addresses, and emails of customers. Pre-market share figures declined by 2.15%. Coinbase refused a $20 million ransom demand and has offered a $20 million reward for information on the perpetrators. Security Incident Sends […]
Read moreMay 15, 2025 11:36 am
Key Moments: Deere posted second-quarter net income of $1.804 billion, down from $2.370 billion a year earlier. Worldwide net sales and revenues dropped $12.763 billion in Q2 2025, a 16% decline. The company’s shares rose 2.71% to $511 during Thursday’s pre-market trading session, before tumbling to $504.88, still 1.48% up from yesterday’s close. Muted Demand […]
Read moreMay 15, 2025 10:34 am
Key Moments: Alibaba reported fiscal Q4 revenue of 236.45 billion yuan, falling short of the 237.24 billion yuan expected by analysts. Shares listed in the US dropped more than 5% in pre-market trading, retreating to $126.94. Consumers in China have become increasingly frugal, triggering fierce pricing battles among major e-commerce competitors. Revenue Disappointment Hits Shares […]
Read moreMay 15, 2025 8:11 am
Key Moments: France’s EU-harmonized inflation remained at 0.9% year-on-year. The figure matched March’s growth, but exceeded forecasts. French stock indices extended yesterday’s declines, with the CAC 40 falling 0.4%. Inflation Data Beats Forecasts Consumer prices in France were unchanged in April, as the year-on-year harmonized inflation rate came in at 0.9%. This reading, disclosed by […]
Read moreMay 14, 2025 2:15 pm
Key Moments: American Eagle’s stock price declined to $11.93 on Wednesday following the company’s decision to retract its full-year guidance. Weak sales of fleece items in the Aerie brand raised concerns as consumers resisted price increases. JPMorgan maintained a “neutral” rating on the stock but opted to downgrade its price target by $1. Stock Dips […]
Read moreMay 14, 2025 1:45 pm
Key Moments: Eurozone bond yields experienced a pullback from recent multi-week peaks. The DAX dropped by 68.45 basis points following earlier lows under 23.450. Germany’s consumer price inflation eased to 2.1% year-over-year in April, the lowest in six months. Yields Pull Back Across the Eurozone Euro area bond yields retreated from multi-week highs, driven by […]
Read moreMay 14, 2025 12:34 pm
Key Moments: The STOXX 600 index held steady on Wednesday. The Federal Reserve maintained a careful approach to potential interest rate adjustments. No further insights into the talks between US and European officials have been given. European Equities Stall After Recent Gains European shares were relatively flat on Wednesday, taking a breather after an extended […]
Read moreMay 14, 2025 10:10 am
Key Moments: The FTSE 100 index declined 0.25%, marking an end to its recent rally, while the FTSE 250 edged 0.20% lower. Burberry beat expectations with a surprise profit and announced job cuts of up to 1,700. Its stock rose 8% to £893. Imperial Brands CEO Stefan Bomhard confirmed plans to retire, and the company’s […]
Read moreMay 14, 2025 9:24 am
Key Moments: MSCI Asia-Pacific index outside Japan gained more than 1%. Taiwan’s TWSE:TAIEX and Hong Kong’s Hang Heng indices surged over 2%, with the former hitting a four-month high. Markets expect the US Federal Reserve to cut interest rates twice by the end of 2025. Regional Markets Advance After Softer US Inflation Reading Asian equity […]
Read moreMay 14, 2025 8:29 am
Key Moments: Foxconn’s Q1 net profit surged 91% YoY, reaching T$42.12 billion ($1.39 billion). Its stock rose by 2.63% on Wednesday. The company projected high double-digit growth for AI server sales in Q2. Record Q1 Profit Beats Expectations Nvidia partner Foxconn, officially known as Hon Hai Precision Industry, reported a dramatic 91% increase in net […]
Read more