In its new coverage of the payments sector, Clear Street has issued Buy ratings for card networks Visa and Mastercard, while assigning Hold ratings to fintechs Block and PayPal, citing valuation and turnaround timelines.
The head of Portuguese utility EDP criticized European Union member states for not implementing key reforms to streamline renewable energy project permits, a failure he says is delaying crucial investments across the continent.
Verizon Communications announced it will reduce its workforce by approximately 3,000 retail employees as it transitions 274 corporate-owned stores to independent ownership. The move is part of a broader cost-cutting and restructuring effort under CEO Dan Schulman.
Shares of nuclear fuel company Standard Nuclear (NYSE:STDN) opened 10% below their initial public offering price in their first day of trading, despite a reportedly oversubscribed offering.
Belgium's benchmark BEL 20 index ended Thursday's session with a fractional gain of 0.08%, as strength in consumer and healthcare stocks offset a sharp decline in materials group Umicore.
Finland's OMX Helsinki 25 index closed down 0.18% on Thursday, as a significant drop in Nokia's stock price overshadowed gains in other major components. Despite the index's decline, more stocks on the exchange advanced than fell.
Sweden's benchmark OMX Stockholm 30 index ended Thursday's session nearly unchanged, declining a marginal 0.04% as strong performance from industrial firms was counteracted by significant losses in the telecommunications sector.
eBay Inc. (NASDAQ:EBAY) stock declined after GameStop CEO Ryan Cohen made public comments indicating a potentially hostile, unsolicited bid for the e-commerce company.
France's CAC 40 index finished Thursday's session nearly unchanged, down just 0.05%, as a sharp decline in technology stocks like STMicroelectronics was balanced by strong performance from consumer brands including Publicis and Pernod Ricard.
