The Saudi Arabian Tadawul All Share index closed virtually unchanged on Monday, with gains in a few sectors barely offsetting broader market weakness amid a sharp sell-off in global crude oil prices.
Jefferies raised its ratings on Ford and General Motors to Buy, citing expectations for a margin recovery at Ford and robust long-term free cash flow generation at GM.
Fintech firm Revolut is providing its European customers with access to private equity and credit funds from major alternative asset managers, lowering the investment threshold to just one euro.
The Chinese AI giant has reportedly suspended its second major funding round, which targeted a $71 billion valuation, after founder Liang Wenfeng's candid remarks about China's AI lagging the U.S. went viral.
Indian managed workspace provider Tablespace Technologies is reportedly planning an initial public offering to raise up to $350 million, with a draft filing expected by early August.
A recent market screen identified hundreds of U.S. companies with financial characteristics attractive to private equity firms, singling out names like Teradata, IHS Holding, and Bath & Body Works for their strong free cash flow and healthy margins.
Morgan Stanley reiterated its Overweight rating on SpaceX, viewing the recent Starship Flight 13 as a significant success despite a booster landing issue. The firm sees a potential 'tower catch' attempt on the next flight as a major upcoming catalyst for the company.
Seaport Research Partners lowered its rating on Warner Bros. Discovery to Neutral from Buy, citing significant delays in the proposed Paramount Skydance merger and a weaker near-term financial forecast.
The German automaker, a subsidiary of Volkswagen, reached an agreement with labor unions for a second round of job cuts while also committing to €2.1 billion in factory investments.
