Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
SLB to Buy Cooling Maker Kelvion for $3.4B to Tap AI Data Center Demand
SLB is buying Kelvion, a maker of cooling equipment, for $3.4 billion in cash plus about $700 million in debt. The deal aims to diversify SL
Gilat raises $100M via convertible notes for satellite and defense tech
Gilat Satellite Networks has secured about $100 million from Israeli institutions via convertible notes paying 3.75% interest. The funds wil
Turkey's wealth fund moves to take control of EV maker TOGG
Turkey's sovereign wealth fund is preparing to buy into electric-vehicle maker TOGG as two shareholders look to exit. The move could reshape
Aon to Buy USI Insurance Services from KKR for $17 Billion
Aon, a global insurance broker, has agreed to buy USI Insurance Services from private equity firm KKR for $17 billion. The deal, expected to
Shein Global launches HK$13.9 billion Hong Kong IPO, shares to debut September 1
Shein Global has kicked off a Hong Kong IPO that could raise up to HK$13.9 billion. The fast-fashion giant is selling 280 million Class B sh
Fujikura to Sell Trading Unit Stake to Inaba Denki by 2027
Fujikura will sell its entire stake in trading subsidiary Fujikura Shoji to Inaba Denki Sangyo, transferring about 1.8 million shares by Mar
Wildcat's Bolt Cutter prospect could add 15-20Mt lithium resource
A broker believes Wildcat Resources' Bolt Cutter prospect in Western Australia could hold 15-20 million tonnes at about 1% lithium oxide. A
Longsys opens Hong Kong IPO order book, targets HK$6.3 billion
Shenzhen Longsys Electronics has opened the order book for a Hong Kong IPO that could raise up to HK$6.3 billion. Lenovo and 14 other corner
Excelland Robotics launches Hong Kong IPO, targets HK$879.8 million
Excelland Robotics has kicked off a Hong Kong IPO, targeting up to HK$879.8 million. The China-based robot maker plans to list on Sept. 9, w
Truist Sees Korn Ferry Riding a Rebound in Executive Search
Truist lifted its earnings and revenue estimates for Korn Ferry, expecting a second-half pickup in executive search demand. The bank says AI
Chip stocks slide as US weighs narrower AI export rule
Chip stocks slid Friday after The Information reported the US Commerce Department is drafting a narrower rule to close a loophole. The looph
Consumer stocks rise despite weak August sentiment reading
Consumer stocks rose Friday even as a key consumer sentiment gauge fell to its lowest level in months. Gap led gains with a 13% jump after l