Bitcoin Standard Treasury Company (BSTR) and Cantor Equity Partners I, a SPAC by Cantor Fitzgerald, have scrapped their original merger terms and will negotiate a new deal to better reflect market conditions. A shareholder meeting was postponed indefinitely.
Tankmaker KNDS has postponed its planned IPO, citing current market volatility for the European Defense sector. The company cited unfavorable market conditions, following a slump in defense stocks and reported struggles to convince investors of its valuation.
A record one-third of US adults aged 25-35 lived with parents in 2025, with high housing costs cited as the primary driver. Despite many holding jobs and degrees, soaring rents and home prices make independent living unaffordable, impacting household formation and delaying retirement for parents.
CarMax shares fell 8% despite beating Wall Street's earnings and revenue expectations for its first fiscal quarter. New CEO Keith Barr detailed a high-level turnaround strategy focused on growth and cost-cutting, but margin pressure and declining gross profit per vehicle remain concerns.
IndiGo, India's largest airline, is temporarily suspending flights to six international destinations, including Hong Kong and Shanghai, from July 1 to September 30. The decision is driven by softer travel demand and rising operating costs, exacerbated by geopolitical disruptions and high fuel prices affecting the entire Indian aviation sector.
China's crude imports from Russia surged 11.3% year-on-year to nearly 9 million tonnes in April. The value of these imports rose 16.2% month-on-month, despite a quantity fall, driven by increased global demand for Russian oil following US sanctions waivers.
PlayStation Plus is increasing prices for monthly and three-month subscriptions in some regions, citing market conditions. The changes take effect May 20 and do not affect current subscribers unless their plan changes or lapses, except in Turkey and India.
PlayStation Plus is increasing prices for basic monthly and three-month subscriptions in some regions, citing market conditions. The changes, effective May 20, will not affect current subscribers unless their plan changes or lapses, with exceptions for Turkey and India.
Sony has increased the prices for new PlayStation Plus Essential subscribers on one-month ($11) and three-month ($28) plans. The company cites "ongoing market conditions" for the hike, which may also affect Extra and Premium tiers. Annual plans are currently unaffected.
Sony is raising the starting prices for one-month and three-month PlayStation Plus subscriptions in select regions starting May 20th, citing market conditions. Current subscribers are unaffected unless they change tiers or let subscriptions lapse.
Bitcoin (BTC) may surge toward $90,000 after the CLARITY Act vote on Thursday, supported by improving market conditions, easing short-term sell pressure, and key technical indicators.
"Changes in market conditions" lead to $50 price bump on Sept. 1.
Kunlunxin, the artificial intelligence chip unit of Chinese tech giant Baidu, is seeking a valuation of at least 100 billion yuan (US$14.69 billion) for its Hong Kong stock exchange listing, according to two people familiar with the matter. The valuation could change based on market conditions and final terms, according to one of the sources, who requested anonymity as the information was private. Baidu and Kunlunxin did not immediately respond to a request for comment on Friday. Separately,...
Kunlunxin, the artificial intelligence chip unit of Chinese tech giant Baidu, is seeking a valuation of at least 100 billion yuan (US$14.6 billion) for its Hong Kong stock exchange listing, according to two people familiar with the matter. The valuation could change based on market conditions and final terms, according to one of the sources, who requested anonymity as the information was private. Baidu and Kunlunxin did not immediately respond to a request for comment on Friday. Separately,...
Seven OPEC+ members (Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman and Algeria) agreed to raise oil output quotas by 188,000 bpd in June 2024. The move allows countries to accelerate compensation for overproduced volumes since January 2024. Russia's June quota stands at 9.762 mln bpd, Saudi Arabia at 10.291 mln bpd. The next OPEC+ meeting is scheduled for June 7.
Metal consumption in Russia declined by 15% year-on-year in Q1 2026, according to Severstal Management head Alexander Shevelev. Hot-rolled sheet prices fell 7% domestically, while export prices showed growth driven by reduced Chinese shipments. Despite challenging conditions, the company's capacity utilization remained near 100%.
