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Xiaomi’s Hong Kong-listed shares climbed as much as 5.4% on Wednesday after CEO Lei Jun announced the completion of the original SU7 production cycle. The electronics giant is now retooling its assembly lines for a second-generation flagship electric vehicle, marking a pivotal transition for its automotive division as it prepares for a new product launch in April.
Singapore will unveil its inaugural budget of the new government term this Thursday, seeking to leverage better-than-expected economic growth while fortifying the city-state against global trade volatility. The fiscal plan for the year starting in April arrives as policymakers face the dual challenge of funding a massive artificial intelligence transition and maintaining the nation's strict constitutional mandate for a balanced budget.
CapitaLand Investment shares fell as much as 8.8% on Wednesday after the Singapore-based asset manager reported a 70% decline in annual profit, driven by significant revaluation losses in its Chinese portfolio.
Shares of Hesai Group, Pony AI, and SenseTime climbed following their inclusion in the MSCI China Index, a move reflecting a broader shift toward Beijing’s prioritized technology sectors. The rebalancing, part of MSCI’s February review, will officially take effect at the market close on February 27.
Wuxi Lead Intelligent Equipment, the world’s dominant supplier of lithium-ion battery machinery, raised $630.7 million through a secondary listing in Hong Kong on Wednesday. The debut underscores a massive resurgence in the city's capital markets, even as the company’s stock saw a muted initial reaction compared to its mainland-listed shares.
Commonwealth Bank of Australia (CBA) shares are tracking toward their strongest daily performance in six years after the nation’s largest lender reported a first-half net profit of A$5.37 billion, comfortably exceeding analyst expectations. The result, driven by robust lending growth, triggered a sharp rally in a stock that had recently retreated from record highs.
Wonder, the food-tech conglomerate founded by former Walmart executive Marc Lore, has acquired Blue Ribbon Fried Chicken to bolster its rapidly expanding portfolio of delivery-first food halls. The deal brings the acclaimed brand into the Wonder ecosystem, with plans to launch the menu at a Manhattan location this year before a broader regional rollout.
Investors recalibrated positions in after-hours trading Tuesday as Cloudflare surged on AI-driven growth, contrasting sharply with double-digit losses for Lyft and Angi following disappointing quarterly performance.
AGL Energy shares jumped 6.5% in Sydney trading after the company reported first-half earnings that significantly outpaced analyst expectations. Despite a slight year-on-year decline in profit, the utility provider bolstered investor confidence by raising its dividend, narrowing its full-year guidance, and announcing the A$115 million sale of its telecommunications arm to Aussie Broadband.
Amazon.com has revealed a 5.3% stake in Vermont-based electric aerospace firm Beta Technologies, signaling a deepening commitment to its sustainable logistics goals. According to a Tuesday filing with the Securities and Exchange Commission, the e-commerce giant’s investment subsidiary now holds approximately 11.8 million shares in the company.
Estée Lauder has filed a federal lawsuit against Walmart, alleging the retail giant sold counterfeit versions of its luxury fragrances and skin-care products through its e-commerce platform. The complaint, lodged in a federal court in California, accuses Walmart of trademark infringement and false designation of origin involving several of the prestige beauty company's most prominent brands.
Lyft shares tumbled 17% in after-hours trading Tuesday after the ride-hailing firm reported fourth-quarter rider volumes that missed Wall Street estimates, overshadowing a massive accounting-driven profit and a new $1 billion share buyback program.
Shares of Australian biotech giant CSL plummeted on Wednesday following the abrupt departure of Chief Executive Paul McKenzie and a sharp decline in first-half profits. The leadership shake-up, coupled with a significant miss in the company's core blood plasma division, has left investors questioning the firm's near-term recovery trajectory.
James Hardie Industries shares climbed 13% in Sydney trading after the building materials supplier reported third-quarter earnings that surpassed market expectations. The company’s adjusted EBITDA reached US$329.9 million, prompting management to raise its full-year guidance and fueling analyst speculation that the new targets remain conservative.
Consumer sector shares climbed as robust corporate earnings outweighed a surprise stagnation in U.S. retail sales for December. While the broader market found support in luxury sector gains, the latest data highlights a deepening divide in the American economy, where high-income spending remains resilient even as lower-income households struggle under the weight of inflation.
Shares of major financial advisory firms tumbled as investors weighed the disruptive potential of a new artificial intelligence tool from fintech startup Altruist. The selloff hit industry heavyweights like Charles Schwab and LPL Financial, reflecting growing anxiety over AI’s ability to automate core wealth management functions.
O-I Glass reported a narrower fourth-quarter loss on Tuesday, outperforming analyst expectations for adjusted earnings as its "Fit to Win" efficiency program offset a slight revenue miss. The glass container manufacturer leveraged lower operating costs across its global footprint to stabilize margins despite cooling demand and pricing pressures.
Technology shares faced downward pressure as software valuations continued to slide, even as Google received European Union clearance for its record-breaking $32 billion takeover of cybersecurity startup Wiz.
The communications services sector trended upward Tuesday as a high-stakes bidding war for Warner Bros Discovery intensified and Spotify Technology reported a surge in user growth and quarterly profits.
Amazon has disclosed a 5.3% ownership stake in Beta Technologies, marking a significant strategic move into the electric aerospace sector. According to a Tuesday filing with the Securities and Exchange Commission, the e-commerce giant’s investment arm now controls approximately 11.8 million shares in the Vermont-based startup.
CNB Financial Corp. on Tuesday announced a 5.6% hike to its quarterly cash dividend, raising the payout to 19 cents per share as the banking firm strengthens its return to shareholders.
Shares of U.S. power producers surged following reports that the Trump administration intends to rescind a critical Obama-era scientific finding that classifies greenhouse gases as a public health threat. The move aims to dismantle the legal foundation for federal emissions regulations, providing immediate relief to fossil-fuel-reliant energy plants.
Bank of America energy analysts project a persistent global oil surplus through 2028, driven by rising supply and cooling demand that is expected to peak by the mid-2030s. In a medium-term outlook released Tuesday, the bank warned that Brent crude prices will likely face downward pressure, averaging between $60 and $80 per barrel through 2031 as the market transitions toward a structural plateau.
Marwynn Holdings has signed a non-binding letter of intent to purchase a 51% equity interest in DJ Mex, an electronic-waste sourcing specialist. The deal, announced on Tuesday, positions the supply-chain management firm to significantly expand its footprint in the circular economy and recyclable materials market.
Upstart Holdings has named co-founder Paul Gu as its next chief executive, effective May 1, as the AI-lending platform transitions its founding leadership. Gu succeeds fellow co-founder Dave Girouard, who will remain with the company as executive chairman and special adviser.
Franklin BSP Realty Trust has named Michael Comparato as its new chief executive officer, effective immediately, following the resignation of Richard Byrne. Byrne, who has led the real estate investment trust since 2013, will transition to the role of chairman of the board.
Evolution Mining reported a record half-year net profit of A$766.6 million (US$543.8 million) on Wednesday, more than doubling its previous year’s performance. Surging gold and copper prices allowed the Australian miner to overcome lower production volumes and hike its interim dividend to 20 Australian cents per share.
Metal-recycling firm Greenwave Technology Solutions has named Chelsea Pullano as its chief financial officer, effective Feb. 5, following a strategic services agreement with Mack Financial Solutions.
Semiconductor connectivity leader Astera Labs has appointed Desmond Lynch as its new chief financial officer, poaching the veteran executive from chip and silicon IP provider Rambus. Lynch is scheduled to take over the role on March 2, succeeding Michael Tate, who will transition into a strategic advisory position through the end of the summer.
Moderna Inc. shares fell sharply in after-hours trading after the U.S. Food and Drug Administration (FDA) declined to review the company’s application for its experimental flu vaccine. The regulatory setback follows an agency determination that Moderna’s clinical data failed to provide a necessary head-to-head comparison with current market-leading treatments.