Shares in Delivery Hero rose over 10% on Monday morning following a Financial Times report that U.S. rival Uber weighed an improved bid for the German food delivery firm. Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 ($38.29) per share, which would value the…
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty Images London — Outsized returns for memory-related stocks have helped fuel substantial gains in U.S. and South Korean equity markets in recent years — but…
European stocks opened higher on Monday as hopes for a deal between the U.S. and Iran rose over the weekend. Shortly after the opening bell, France’s CAC 40 added 0.9%, while Germany’s DAX rose 0.8%. The U.K’s FTSE 100 is closed for a public holiday. Stocks in Europe are tracking their Asian counterparts higher after…
Tingbo He, president of Huawei semiconductor, presents at an industry conference in Shanghai on May 25, 2026. Huawei SHANGHAI — Chinese tech giant Huawei on Monday touted a new approach to developing advanced semiconductors despite U.S. sanctions, as Nvidia struggles to sell its high-end chips in China. Huawei said it developed a new engineering approach…
A housewife (R) buys vegetables at a wet market in Singapore Roslan Rahman | Afp | Getty Images Singapore on Monday reported a lower-than-expected rise in consumer prices for April at 1.8% on the back of a smaller increase in services and retail inflation. Reuters-polled economists had estimated inflation at 2%. Core inflation — which…
Japan’s Nikkei 225 breached 64,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading. Source link
Crude oil prices fell more than 4% on Sunday after President Donald Trump indicated that talks with Iran to reopen the Strait of Hormuz are advancing, though he said the U.S. would not rush a deal. West Texas Intermediate futures fell about 5% to $91.65 per barrel by 7:13 p.m. ET. International benchmark Brent futures…
Patricio Nahuelhual | Moment | Getty Images At risk of stating the obvious: Boosting one’s savings rate is among the best ways to improve a household’s retirement prospects. Doing so increases the size of the financial war chest one can deploy in old age. But there’s another, somewhat hidden benefit to saving a larger share…
SpaceX is on the verge of going where no initial public offering has ever gone before. The company, created and led by Elon Musk, is targeting a stratospheric valuation of $1.75 trillion on the Nasdaq Stock Market. SpaceX may be fast-tracked into broadly held indexes like the Nasdaq 100 and S&P 500 at light speed….
A few months ago David Navazio, founder and CEO of medical supply company Gentell, had never heard of the Strait of Hormuz. But now, the narrow waterway thousands of miles away from the company’s headquarters in Yardley, Pennsylvania, is impacting the company’s operations in more ways than one. Chief among them is price, with Gentell…
