The UK's benchmark stock index closed nearly unchanged on Thursday, as a strong performance from major mining companies was counteracted by a steep sell-off in heavyweight healthcare and defensive stocks.
Direct lending by U.S. private credit firms fell to $33.59 billion in the second quarter, a 55% drop, despite a surge in fundraising. The slowdown reflects softer M&A activity and increased lender selectivity amid concerns over portfolio quality.
Inventories of jet fuel, gasoline, and naphtha all fell in the key Amsterdam-Rotterdam-Antwerp storage region, according to data from Insights Global, with low Rhine water levels adding to logistical pressures.
Diagnostics firm Qiagen is reportedly drawing early takeover interest from several private equity firms, with potential offers of at least $50 per share sending its stock soaring, according to a Bloomberg News report.
Denmark's benchmark stock index closed higher on Thursday, lifted by gains in Vestas Wind Systems and Danske Bank, which offset a sharp decline in shares of shipping giant A.P. Moeller - Maersk.
Citi analysts upgraded Knight-Swift and Saia to Buy, citing a recent decline in share prices that has created an attractive entry point ahead of an expected strong earnings season for the transport sector.
OpenAI CEO Sam Altman responded with 'I don't know' when questioned about a potential 2026 public offering at the Allen & Co. conference, adding to uncertainty around one of the most anticipated market debuts in the tech sector.
Shares of the semiconductor company rose sharply, driven by a sector-wide rally in AI and optical communication stocks and a positive analyst note from RBC Capital Markets.
A group of newspapers led by The New York Times has asked a federal court to sanction OpenAI, alleging the AI firm lied about its ability to search for copyrighted material and destroyed evidence in their high-stakes copyright infringement lawsuit.
