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The Latest Breaking News from LSEG

Sandisk forecasts upbeat quarterly revenue on AI-driven demand

Sandisk anticipates higher quarterly revenue, fueled by robust demand for AI data center memory chips. The company is now prioritizing long-term purchase agreements, with a median duration of four years. These agreements represent a significant shift in business strategy for Sandisk. Generative AI growth is boosting demand for their enterprise…

The Economic Times

Global Market: SoftBank earnings in focus as AI investment push raises funding, debt questions

SoftBank faces investor scrutiny over financing its AI expansion and managing debt. The company plans to fund significant AI commitments while its shares have declined. Analysts are watching SoftBank's strategy to meet future financial obligations. Its credit outlook has improved, but risks from Arm's valuation persist. Competition in AI could…

The Economic Times

SoftBank's AI funding plans to face reckoning at earnings

SoftBank announced record net profit in the year ended March 2026, but its share price has dropped by almost half since the start of June, and the cost to insure its debt against default has soared. SoftBank is ‌expected to post net ⁠profit of ⁠148.4 billion yen ($941.2 million) over…

The Economic Times

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Microsoft sets record with near $450 billion single-day gain in market value

The software giant's shares closed up more than 15%, lifting its market capitalization to $3.35 trillion, ‌surpassing chip ⁠giant Nvidia's ⁠previous record one-day gain of $441 billion on April 9, 2025, according to LSEG data.

The Economic Times

Apple revenue, profits beat expectations on iPhone, Mac sales

Apple said sales for its fiscal third quarter ended June 27 were up 16.4% to $109.42 billion, compared with analyst estimates of a 15.5% rise to $108.65 billion, according to LSEG data, and Apple's own forecast of 14% to 17% sales growth.

The Economic Times

Apple disappoints with forecast dogged by supply chain struggles

Apple anticipates slower sales growth this quarter due to supply chain issues. The company faces challenges in obtaining necessary parts for product delivery. This forecast led to a significant drop in Apple's stock value. Despite strong third-quarter results, future growth faces component shortages. Executives highlighted supply limitations rather than a…

The Economic Times

NYSE parent ICE to buy MarketAxess in $5.7 billion deal to expand fixed-income offerings

Intercontinental Exchange has made a significant move by agreeing to acquire the bond trading platform MarketAxess for a hefty $5.7 billion, reflecting a 33% premium over its latest closing price. This acquisition is poised to bolster ICE's fixed-income trading offerings, resulting in a notable 30% jump in MarketAxess shares after…

The Economic Times

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Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Senior Hamas official says the group will only disarm if Israel fulfils its commitments

The Independent UK

Global Market: Zhongji Innolight shares slip in Hong Kong debut after record $6.8 billion IPO

Chinese optical component maker Zhongji Innolight fell up to 8% in its Hong Kong listing debut on Thursday after raising HK$53.4 billion ($6.8 billion) in the city's largest IPO of 2026. Despite weak market sentiment surrounding AI valuations, long-term investor focus remains on the company's leading global market share.

The Economic Times

QatarEnergy-controlled LNG tanker exits Hormuz, first in nearly three weeks

A QatarEnergy LNG tanker exited the Strait of Hormuz, the first since July 11. Ship transits through the Hormuz waterway increased on Wednesday from previous days. Commodity ship traffic through the Bab el-Mandeb strait slowed down on Wednesday. Crude loadings from Yanbu fell significantly after a Houthi blockade was declared.

The Economic Times

A Wall Street Firm Just Turned Bullish On Ford And GM. It Believes Gains Could Be As High As 22%

Jefferies has upgraded both Ford Motor and General Motors to "buy," arguing that improving earnings trends and stronger operating performance have created more attractive opportunities for investors.

International Business Times

Intel forecast crushes estimates as AI boom boosts chip demand; shares jump

Intel expects third-quarter revenue between $15.8 billion and $16.8 billion, compared with analysts' average estimate of $15.1 billion, according to data compiled by LSEG. Adjusted profit is expected to be 38 cents per share, compared with analyst estimates of 27 cents.

The Economic Times

US Stock Market: Big tech's AI spending boom raises cash flow concerns despite early returns

America's biggest technology companies are beginning to generate meaningful AI-driven revenue, but surging infrastructure spending is putting free cash flow under pressure. Reuters' analysis of LSEG estimates shows capital expenditure is expected to outpace free cash flow by 2027, shifting investor focus toward AI monetisation and long-term returns.

The Economic Times

AI investment boom puts Big Tech's free cash flow under pressure

Big tech firms are investing heavily in artificial intelligence infrastructure. Their capital expenditures may soon exceed free cash flow generation. Microsoft and Amazon show early AI revenue growth signs. However, investors worry about sustained spending and cash depletion. Oracle's shares have fallen significantly amid negative free cash flow.

The Economic Times

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The Economic Times

US Stock Market: Exchange operators brace for earnings amid trading boom, regulatory overhang

US exchange operators begin quarterly earnings season this week. Strong trading activity is expected to offset regulatory concerns and competition. New cryptocurrency derivatives pose a challenge to established market players. Analysts anticipate management discussions on evolving market dynamics and strategies. Mixed financial results are projected due to challenging year-on-year comparisons.

The Economic Times

Chipmakers head for big profit gains, but will it be enough?

Chipmaker shares are experiencing significant price swings on Wall Street this month. Investors anticipate these companies will drive much of the S&P 500's profit growth. Recent earnings reports have shown strong results but market reactions have been mixed. Concerns about artificial intelligence demand sustainability are fueling investor reassessment of the…

The Economic Times

US stocks today: Nasdaq, S&P fall over 1%, end lower for week as chip selloff broadens

Wall Street declined as AI-driven chip stocks extended losses, triggering broader risk-off sentiment. Semiconductor shares saw sharp weekly declines, while energy stocks gained on rising oil prices amid Middle East tensions. Despite strong early earnings, including bank results, weak forecasts from companies like Netflix weighed on investor confidence.

The Economic Times

Chinese banks set for $41 million payday from chipmaker's $8.6 billion IPO

Six Chinese investment banks will earn at least $41 million from CXMT's IPO. This significant payout boosts the industry's income pool, which has shrunk recently. The IPO continues a revival of the onshore market as the government lowers barriers. CXMT's fee rate is well below the market average, showing its…

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The Economic Times

Morgan Stanley beats profit estimates on dealmaking boost, strong trading

Morgan Stanley has showcased an impressive performance for the second quarter, surpassing Wall Street's earnings expectations. The surge in mergers and acquisitions has notably enhanced the investment bank's advisory revenues, while record trading profits emerged amid ongoing market fluctuations. Additionally, advancements in wealth management have played a pivotal role in…

The Economic Times

Goldman Sachs profit tops estimates on trading boom, corporate deal spree

Goldman Sachs has reported robust profits for the second quarter, surpassing analysts' predictions. The firm's equities revenue soared to unprecedented levels, fueled by both fluctuating markets and active deal-making. Investment banking fees also experienced a notable increase, thanks to major transactions and advisory engagements. Additionally, the bank's asset and wealth…

The Economic Times

US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop

Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow. Investors now await Fed Chair Warsh testimony, inflation data and big bank earnings for directional…

The Economic Times

TSMC posts record revenue in second quarter on AI demand

Revenue in the second quarter rose 36% from a year earlier to a record high on surging interest in artificial intelligence applications. On its last earnings call in April, the company predicted second-quarter revenue of between $39 billion and $40.2 billion. Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier…

The Economic Times

Strait of Hormuz closed again? Check latest status as Donald Trump declares US-Iran war ceasefire collapsed

Iran war news update: Strait of Hormuz The strategic shipping route remains a flashpoint in the conflict, which began in late February with massive US-Israeli strikes on Iran.

The Economic Times

LNG tanker at risk of exploding after two vessels struck near Strait of Hormuz

The Al Rekayyat, loaded with liquefied natural gas, sent out distress signals seeking assistance after it was hit on its port side, one of the sources said. Another source briefed on the matter said the vessel was at risk of exploding due to a fire in its engine room. The…

The Economic Times

Global Market: China Resources New Energy shares soar on Shenzhen debut after $3.6 billion IPO

China Resources New Energy's stock soared nearly threefold on its Shenzhen debut, raising a massive 24.5 billion yuan in Asia's largest IPO this year. This strong performance, despite a weaker broader market, signals growing investor confidence and Beijing's push to revitalize domestic capital markets. The renewable energy firm's successful listing,…

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