BlackRock is planning a debt offering of more than $12 billion to finance an El Paso data center campus it co-owns with Meta Platforms. The deal underscores the intense capital demand for building out artificial intelligence infrastructure.
The three largest S&P 500 exchange-traded funds show nearly identical performance, highlighting the critical role of expense ratios in long-term returns. Vanguard's VOO leads with the lowest fee, while SPDR's SPY maintains its edge for active traders.
Denmark's benchmark OMX Copenhagen 20 index fell 0.45% on Monday, dragged down by losses in key sectors including financials and healthcare, even as a majority of stocks on the broader exchange advanced.
Turkey's benchmark stock index, the BIST 100, closed higher on Monday, buoyed by strong performance in the chemical, petroleum, and textile sectors. The index rose 0.64% as advancing stocks outnumbered decliners on the Istanbul Stock Exchange.
Poland's benchmark WIG30 index closed higher on Monday, lifted by gains in the media, IT, and banking sectors, even as the broader market saw more declining stocks than advancers.
The U.S. Department of Transportation has voiced opposition to a new European Union proposal that would charge for carbon emissions on certain international flights, reviving a long-standing transatlantic dispute over aviation climate policy.
Shares of the clinical-stage biotech fell in the absence of new company updates, as investors weighed a recent institutional stake reduction and a lengthy wait for key trial data. The stock dropped nearly 3.8% amid a mixed broader market.
Shares of AI connectivity chipmaker Credo Technology surged after Barclays raised its price target, citing optimism for the company. The move comes amid a broader rebound in the semiconductor sector ahead of key technology earnings reports.
Shares of Enphase Energy dropped after an analyst at TD Cowen significantly reduced the stock's price target, citing a weak U.S. residential solar market ahead of the company's earnings report.
