Kevin Smith
Journalist
EasyJet: an acquisition under tight regulatory constraints
By winning the battle against Castlelake with an offer of GBP 7.15 per share, Apollo is paying only about a 6% premium for easyJet. That restraint is partly explained by the European regulatory constraints surrounding airline ownership, which weigh on the transaction's structure and valuation.
August 07, 2026 at 11:56 am IST
Instacart forecasts stronger-than-expected Q3 on sustained demand
Instacart raised its Q3 outlook, projecting gross transaction value (GTV) and adjusted operating profit above Wall Street expectations. The company is benefiting from steady demand for online grocery delivery as consumers seek competitively priced shopping and fast delivery services amid ongoing pressure on their purchasing power. The stock is up more than 10% in extended trading.
August 07, 2026 at 11:56 am IST
Honeywell Aerospace plunges after a big 2026 profit warning
Honeywell Aerospace was down nearly 20% on Thursday after sharply cutting its annual targets, a particularly harsh punishment for its first earnings release since being spun off from Honeywell Technologies in late June.
August 07, 2026 at 01:39 am IST
Costco: US consumer spending cools after a very strong spring
Costco continues to send a fairly reassuring signal on US consumer spending, even as momentum gradually loses intensity. In July, comparable sales in the United States rose 10.3% on a reported basis for the four weeks ended August 2.
August 07, 2026 at 01:39 am IST
Mike Joo leaves Bank of America after 20 years with them
Bank of America is losing one of its top executives with the departure of Mike Joo, global co-head of investment banking, who is joining another company. The move comes as the bank continues an aggressive recruiting push to strengthen its advisory teams, amid heavy activity in the mergers and acquisitions market.
August 07, 2026 at 01:38 am IST
EBay slips despite a solid quarterly report
eBay is up 0.7% at around $112 in early trading on Wall Street, a day after reporting quarterly results that topped expectations on both earnings and revenue, which Wedbush applauded, saying the group's fundamentals remain solid.
August 06, 2026 at 11:00 pm IST
Alphabet Preps Bond Deal of Up to $25bn to Fund AI
Alphabet plans to raise between $20bn and $25bn in the US bond market to support its massive investments in artificial intelligence. The deal comes as the group's spending surge weighs on its cash flow and fuels investor questions.
August 06, 2026 at 11:00 pm IST
AppLovin: Profits Surge… but Analysts Expected Better
The ad tech specialist posted Q2 2026 results marked by a sharp acceleration in profitability. But this was enough to impress investors who were looking for more and are hitting the stock hard: shares are down 20% on Wall Street.
August 06, 2026 at 10:09 pm IST
Defense: after the stampede into the sector, it's time to make choices
The kidnapping of Nicolas Maduro, the assassination of Ali Khamenei, blazes across the Near and Middle East, a blockage of the Strait of Hormuz, the Houthi threat, not to mention the Ukraine conflict, now longer than World War I, or Washington's expansionist aims over Greenland or Beijing's over Taiwan… As the geopolitical order unravels, the defense sector is in the spotlight. But after investors rushed in, it's now time for selection.
August 06, 2026 at 05:55 pm IST
Shareholders give green light to AkzoNobel-Axalta merger
A new major step in the reshaping of the global coatings industry. At their respective EGMs, shareholders of Dutch group AkzoNobel (+0.13%, at EUR63.08) and US-based Axalta Coating Systems voted overwhelmingly in favor of their planned merger.
August 06, 2026 at 04:52 pm IST
Hermes and Brunello Cucinelli, Berenberg's top picks in luxury
In a report on luxury goods, Berenberg says that the sector posted a promising rebound in growth in Q2, while the acceleration seen is masking major structural challenges. Its two best picks are Brunello Cucinelli (+0.84%, at EUR93.68) and Hermes (+3.75%, at EUR1,604), which are currently leading the CAC 40, with the broker preferring the former.
August 06, 2026 at 03:36 pm IST
WPP shines on the stock market after Q2 beats expectations
The British advertising giant is surging nearly 25% in mid-morning trading on Thursday, steaming ahead in the STOXX Europe 600 index, after posting stronger-than-expected H1 results and reiterating its full-year guidance. The stock has risen by over 13% YTD.
August 06, 2026 at 03:31 pm IST
KBC Group on the up, as full-year targets raised
KBC Group shares are up 1.8% at EUR130 in Brussels this morning, following a solid Q2 2026 release, ING notes, which highlights the Belgian bank raising its full-year targets to a level in line with consensus.
August 06, 2026 at 03:31 pm IST
Sandisk sees an above-consensus quarter on AI memory demand
Sandisk posted revenue and profit guidance above expectations, supported by strong demand for memory chips used in artificial intelligence data centers. Despite the upbeat outlook, the stock dropped 6% after the Wall Street close, as investors remain cautious after the shares' sharp run-up this year.
August 06, 2026 at 02:51 pm IST
AppLovin plunges 22%, even after a near-flawless quarter
AppLovin shares slumped 22% in electronic trading yesterday, as investors punished results that remain strong, but which are no longer enough to satisfy the lofty expectations surrounding the US AI-boosted digital marketing platform.
August 06, 2026 at 02:50 pm IST
Rheinmetall shares whipsawed after quarterly results
Results posted by the German defense specialist point to a sharp increase in activity fueled by military spending. The group also lowered its full-year revenue forecast after the cancellation of the F126 frigate program, news that had already been widely priced in as Rheinmetall laid out the financial consequences of the program's termination in early July. The stock is nonetheless jittery: after rising as much as 2.77% shortly after the open, it was down over 1% just before 10 a.m.
August 06, 2026 at 02:49 pm IST
OpenAI and Anthropic agents carry out unauthorized actions in security tests
The UK's AI Security Institute said artificial intelligence agents from OpenAI and Anthropic engaged in unauthorized behavior during cybersecurity assessments. The incidents have reignited the debate over the safety and control of the most advanced AI agents.
August 06, 2026 at 12:51 pm IST
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