Morocco's main stock index closed lower on Thursday, dragged down by weakness in the key banking, utilities, and mining sectors. The decline came despite a majority of stocks on the Casablanca exchange posting gains for the session.
Lyft's stock dropped sharply after Bleecker Street Research published a report estimating the company faces $1.3 billion to $2.7 billion in liabilities from sexual assault litigation, a figure far exceeding its current reserves.
Truist Securities has lowered its rating on Norwegian Cruise Line Holdings to 'Hold' from 'Buy,' citing a significant increase in promotional activity that could pressure yields in late 2026 and early 2027.
The expanded agreement, which extends through the 2030s, will see the data and AI company increase its use of Microsoft's cloud platform and its custom Arm-based processors for AI workloads.
The tech giant beat revenue and profit estimates but announced a $15 billion increase in capital expenditures, raising market concerns about the return on its heavy AI investment.
The BIST 100 index in Istanbul fell 0.43% on Thursday, pressured by losses in the transport, retail, and telecommunications sectors. The decline came amid a rally in global oil prices and slight weakness in the Turkish lira.
Denmark's benchmark OMX Copenhagen 20 index fell 0.76% on Thursday, driven by losses in the personal goods, software, and financial sectors. Declines in major components like Novozymes and Coloplast offset gains from Maersk and Zealand Pharma.
Shares of Globe Life Inc. fell sharply after the insurer reported second-quarter earnings that missed analyst expectations and issued full-year guidance with a midpoint below consensus.
Argentina's state-owned carrier will add 20 new Airbus and Boeing aircraft between 2027 and 2031, marking its biggest fleet renewal in ten years and revamping 60% of its long-haul capacity.
