Consensus Cloud Solutions Stock Surges Over 75% on Strong Fundamentals
Shares of Consensus Cloud Solutions (NASDAQ:CCSI) have rallied more than 75%, supported by strong free cash flow, high profitability, and a reaffirmed growth outlook.
Latest by Marcus Chen
Partners Group Shares Slide as Redemption Warning Eclipses Record Fundraising
Shares in the Swiss asset manager fell sharply after its H1 2026 update warned of slowing growth from elevated redemptions, overshadowing a record $16 billion in new client commitments.
IDX Composite Gains 0.84% as Infrastructure and Financial Stocks Lead Rally
Indonesia's benchmark IDX Composite Index closed 0.84% higher on Thursday, driven by significant gains in the infrastructure, financials, and agriculture sectors. The positive session saw more stocks advancing than declining on the Jakarta Stock Exchange.
Frasers Shares Slide as FY27 Guidance Withheld Amid M&A Uncertainty
Frasers Group shares fell sharply after the British retailer reported mixed full-year results and declined to issue financial guidance for fiscal 2027, citing complexity from its multiple ongoing takeover bids.
CDP Equity Takes €1 Billion Stake in Angelini Pharma to Fund Catalyst Acquisition
Italy's CDP Equity has acquired a 23.5% stake in Angelini Pharma for approximately €1 billion through a capital increase, a move designed to finance the drugmaker's purchase of US-listed Catalyst.
TSMC Stock Drops Despite Record Profit as Soaring Capex Spooks Investors
Taiwan Semiconductor Manufacturing Co. reported a record-breaking 77% surge in quarterly profit, but its shares fell after the company announced a major increase in capital spending and warned of near-term margin pressure.
South Korea Leads Record $53.3 Billion Foreign Equity Outflow from Asia
Foreign investors withdrew a record $30.5 billion from South Korean stocks in June, leading a broader $53.3 billion regional exodus driven by a tech sector slump and rising interest rates, according to ANZ Research.
EU Top Court Upholds Google's €750,000 Fine Over YouTube Gambling Ads
The Court of Justice of the European Union has affirmed a €750,000 penalty against Google, originally imposed by Italian regulators, for gambling advertisements on its YouTube platform. The ruling establishes that Google can be held liable for content from its commercial partners.
Rotork Shares Surge 67% on $5.5 Billion Takeover Agreement with ABB
Swiss industrial firm ABB has agreed to acquire UK-based Rotork in a $5.5 billion all-cash deal, causing shares in the flow-control equipment maker to jump nearly 67%.