Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
RBC warns Porsche's China slump could stretch into 2027
RBC Capital Markets has cut its price target for Porsche to €40, warning that weak demand in China could drag on into 2027. The bank sees de
RBC upgrades Fisher & Paykel on hospital growth and profit beat potential
RBC Capital Markets has upgraded Fisher & Paykel Healthcare to 'outperform,' saying the medtech company still has room to grow in hospitals
Korean Air's $44.8B Boeing order paves way for Asiana merger
Korean Air has finalized a $44.8 billion order for Boeing jets and GE Aerospace engines, a key step as it prepares to complete its merger wi
South32's $5.6B Alcoa deal aims to lift margins to 48% by 2026
South32 is selling its aluminum operations to Alcoa for $5.6 billion, betting that a simpler portfolio will boost profitability. The miner e
Global Lithium's Manna project gets cheaper, faster via Nova plant
Global Lithium says its Manna lithium project could be built faster and with less upfront cash after an integration study proposed using the
SK Hynix workers approve cash-heavy bonus deal after weeks of talks
SK Hynix's production workers' union approved a revised wage deal that shifts profit-sharing bonuses toward cash. The vote, 57.1% to 42.9%,
Nissan's £170M Sunderland investment secures UK plant's future
Nissan is spending £170 million to produce its Kicks e-POWER hybrid SUV at its Sunderland plant, a vote of confidence in the UK site. The mo
Flag Ship Acquisition to Merge With Bluechip in $400 Million SPAC Deal
Flag Ship Acquisition, a SPAC, has agreed to merge with Bluechip & Co. Holdings in a deal valuing Bluechip at $400 million. Bluechip shareho
Robinhood engineers face fraud charges as Fed rate decision looms
New York prosecutors charged two Robinhood engineers with fraud for allegedly trading on confidential info. Meanwhile, markets braced for a
Axon's $1B Convertible Note Plan Sends Shares Down 8%
Axon Enterprise announced plans to raise $1 billion via 0% convertible notes due 2031, causing shares to drop 8% on heavy volume. The move r
Veea shares double on $750M merger term sheet with NovaGen
Veea shares more than doubled after it signed a term sheet to merge with NovaGen Group in a deal valuing the combined business at $750 milli
Sephora's European expansion could boost Elf Beauty's sales
Elf Beauty's Rhode brand is set to launch in Sephora stores across 19 European countries on Sept. 30. Bank of America says the move could ma