Shares in IG Group fell sharply after the online trading firm announced it would acquire U.S. fantasy sports operator Underdog for $1.3 billion and pause its share buyback program.
Financial platform Investing.com reported that its AI-driven stock selection tool identified several stocks in July that subsequently posted gains exceeding 50%. The company is preparing to release its list of AI-selected stocks for August.
Reddit shares declined over 9% after the company's second-quarter report, as strong revenue and profit figures were overshadowed by stagnating U.S. user growth and concerns over its reliance on Google.
Amazon (AMZN) shares jumped over 12% after the company reported second-quarter earnings and revenue that far surpassed analyst expectations, driven by a significant acceleration in its AWS cloud computing division.
Apple's stock dropped over 7% after the company projected slower-than-expected growth for the current quarter, citing significant supply constraints for chips that overshadowed a record-breaking sales report for the iPhone.
HSBC Holdings' shares in Hong Kong surged to an all-time high after the bank announced the sale of its A$36 billion Australian retail loan portfolio to Blackstone, signaling a strategic exit from the market.
The Spanish lender reported second-quarter net income of €201 million, surpassing analyst estimates, and subsequently upgraded its full-year guidance for net profit growth and cost of risk.
Japan's benchmark Nikkei 225 index posted a significant rally to close the week, gaining 3.86% on Friday amid broad-based strength in sectors including real estate, banking, and textiles.
Electric air taxi startups are increasingly focusing on military applications to generate revenue as the complex and costly process of certifying their aircraft for civilian use faces significant delays.
