Markets
Alibaba debuts AI music model HappyShrimp to compete in digital audio
Tech giant Alibaba enters the AI-generated music sector with its new model, positioning itself against established players in the digital audio space.
Unitree humanoid robot maker to list on Shanghai exchange Aug 19
Chinese robotics firm Unitree will debut on the Shanghai Stock Exchange on August 19, marking a major step in the country's push to commercialize humanoid technology.
Workday buyout buzz sparks European software stocks
Speculation over a potential acquisition of Workday lifts European software shares, with investors eyeing sector consolidation amid market volatility.
Oncoclínicas Q2 2026 cash flow rebounds despite supply crisis
Brazilian oncology services provider sees improving liquidity in Q2 2026, though operational challenges persist amid supply constraints. Slides highlight financial recovery amid broader healthcare sector pressures.
COMPASS Pathways shares surge after FDA milestone
Psychedelic therapy developer COMPASS Pathways rallies after FDA acceptance of its psilocybin therapy application, marking a pivotal turnaround.
BASF warns of supply constraints due to low Rhine water levels
German chemicals giant cites reduced cargo capacity on Europe's key waterway as output impacted.
Mitek Systems appoints Aaron Seyler as chief revenue officer
Seyler, previously at DocuSign, will oversee global revenue strategy and operations for the digital identity verification firm.
Analysts flag biotech stocks with highest upside potential
Top biotech picks identified by analysts show strong upside potential, combining high conviction ratings with undervaluation metrics.
Berkshire Hathaway raises stake in DR Horton to 10.8%
Warren Buffett's firm boosts exposure to the U.S. homebuilder as housing market faces affordability pressures and shifting mortgage rates.
Parsons wins $665 million U.S. Army support contract
Defense contractor Parsons secures a five-year deal to provide logistics and operational support services to the U.S. Army.
K92 Mining names new CEO as Lewins steps down
Medilek appointed to lead K92 Mining after Lewins departs. Transition follows strategic review of operations.
Nasdaq to expand trading hours to nearly 23 hours daily
U.S. exchange operator plans extended session from December, aiming to boost liquidity and global competitiveness amid rising after-hours activity.
ResMed appoints Carol Burt as lead director, Ron Taylor to retire
Burt, a ResMed board member since 2019, will succeed Taylor as lead director. Taylor, who joined the board in 2015, will retire after ResMed's 2025 annual meeting.
Wall Street strategist bullish on gold amid market uncertainty
Gold gains favor as hedge against volatility, with one strategist recommending a long position amid shifting macro conditions.
United Therapeutics finishes enrollment in lung fibrosis trial
Biotech firm completes recruitment for phase 3 trial evaluating inhaled treprostinil in patients with idiopathic pulmonary fibrosis. Topline data expected mid-2025.
Dynatrace unit to issue $1.25 billion in notes
Subsidiary of enterprise software firm Dynatrace plans unsecured senior notes offering to fund general corporate purposes, including potential acquisitions.
Bitpanda hit with €70,000 fine in Austria’s first MiCA enforcement case
Austrian regulator penalizes Bitpanda for failing to file a white paper 20 days prior to publication and omitting required disclosures in marketing materials under the EU’s Markets in Crypto-Assets rules.
Centene appoints Chris Neczypor as CFO, effective January 2027
Health insurer Centene names Christopher Neczypor as chief financial officer, succeeding Drew Asher who will retire at year-end.
Geely Auto founder steps down, leadership reshuffled
Chinese automaker Geely Auto appoints new CEO and board members as founder Li Shufu exits executive role after two decades at the helm.
Goldman Sachs sees AI-driven earnings boost by 2025
Analysts project AI adoption will lift S&P 500 earnings by 3% annually starting in 2025, with tech and industrials leading gains.
Union Pacific turned fuel-cost surcharge into profit amid Iran war spike
Railroad operator exploited fuel surcharges introduced during the 1979 Iran oil shock to generate undisclosed profits, internal documents reviewed by Reuters reveal.
EUR/USD hits eight-week high; focus shifts to U.S. data
Euro strengthens to highest level since late March as markets await U.S. inflation and jobs data for next Fed move. Dollar faces pressure ahead of key releases.
Ferrari’s Luce EV one-off sells for $40 million at charity auction
A bespoke electric Ferrari Luce EV fetched $40 million at auction, marking one of the highest prices ever paid for a charity-sold vehicle.
Gold faces three pullback scenarios before $4,496 test
Analysts outline potential retracement paths for gold amid record highs, with key support levels in focus.
Ireland Proposes New Anti-Money Laundering Standards for Crypto Sector
Ireland outlines new anti-money laundering measures targeting transfers from private crypto wallets and foreign digital asset providers.