2 گھنٹے پہلے
Alphabet’s $900 million SpaceX stake is valued near $94 billion after the company’s $86 billion IPO
Alphabet’s early investment in SpaceX has surged in value. The company invested $900 million in 2015 and, after SpaceX’s $86 billion initial public offering in June, became the largest single institutional holder. As of the end of June, Alphabet reported the stake at about $94 billion, and at Thursday’s share price it would be worth about $77.9 billion, or 86.5 times the original investment.
2 گھنٹے پہلے
19 گھنٹے پہلے
ASX shares surge 9% in biggest gain since March 2020 on upbeat listings outlook
ASX Ltd. shares jumped 9% after the exchange operator pointed to buoyant demand for new listings. The company said it listed 100 new entities in the 12 months through June, up 45% from a year earlier. Net income fell 3.5% to A$484.9 million, missing the A$509.3 million average analyst estimate in a Bloomberg survey, as total expenses rose 21%. ASX also guided for fiscal 2027 spending of A$170 million to A$190 million and declared a final dividend of A$1.047, down from a year ago.
19 گھنٹے پہلے
8-11
European gas jumps more than 10% as Strait of Hormuz talks fail to reassure traders
European benchmark gas futures surged more than 10% on Monday as traders remained unconvinced that negotiations involving Iran and Oman would quickly restore global LNG flows via the Strait of Hormuz. Europe’s storage sites are just under 59% full, well below the five-year seasonal norm of 76% and at the lowest seasonal level in records dating back to 2009. Citigroup strategists including Maggie Xueting Lin expect inventories to reach about 74% by the end of October if Middle East LNG exports gradually resume from mid-August, but warned of demand-spike risks if El Niño brings extreme cold spells, according to Bloomberg. Dutch TTF front-month futures settled at €61.24 per megawatt-hour, while US gas futures also posted their biggest gain in more than two months on short-covering tied to swings in weather forecasts.
8-11