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The Brief

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Allianz reports strong Q1 growth driven by asset management, India deal
Stock

Allianz reports strong Q1 growth driven by asset management, India deal

Germany’s Allianz on Wednesday reported a 52% rise in first-quarter net profit, supported by gains linked to the sale of stakes in…

May 13, 2026
SoftBank’s OpenAI bet sparks $46 billion Vision Fund profit surge
Stock

SoftBank’s OpenAI bet sparks $46 billion Vision Fund profit surge

Japanese technology investor SoftBank Group posted a sharp rise in quarterly profit on Wednesday as surging gains from its investment in OpenAI…

May 13, 2026
Cipla Q4 profit misses estimates as US market competition weighs
Stock

Cipla Q4 profit misses estimates as US market competition weighs

Cipla, India’s third-largest drugmaker by revenue, reported weaker-than-expected fourth-quarter earnings on Wednesday as weak sales and intense competition in its key US…

May 13, 2026
Japan sells foreign stocks in April amid inflation worries
Stock

Japan sells foreign stocks in April amid inflation worries

Japanese investors became net sellers of foreign stocks in April for the first time in four months, as concerns over rising energy…

May 13, 2026
Walmart to cut or relocate 1,000 corporate workers: is AI to blame again?
Stock

Walmart to cut or relocate 1,000 corporate workers: is AI to blame again?

Walmart is cutting or relocating around 1,000 corporate employees as the retail giant consolidates parts of its global technology and artificial intelligence…

May 13, 2026
HPCL Q4 profit jumps 46% on strong refining margins
Stock

HPCL Q4 profit jumps 46% on strong refining margins

Hindustan Petroleum Corporation Limited reported a sharp rise in profit for the fourth quarter and full financial year 2025-26, supported by stronger…

May 13, 2026
ECB’s Elderson urges euro zone banks to prepare for AI-led cyberattacks
Stock

ECB’s Elderson urges euro zone banks to prepare for AI-led cyberattacks

European Central Bank board member Frank Elderson on Wednesday urged banks in the euro area to accelerate preparations against potential cyberattacks that…

May 13, 2026
BT Group share price soars to a 7-year high as earnings loom
Stock

BT Group share price soars to a 7-year high as earnings loom

BT Group share price continued its strong bull run, reaching its highest point in over seven years as its full-year earnings loomed.…

May 13, 2026
Brent Crude Oil Bulls Target $112.80
Stock

Brent Crude Oil Bulls Target $112.80

Brent crude oil be expected to rise to the next round resistance level 112.80 (which has been reversing the price from the…

May 13, 2026
Rocket Lab stock is near all-time highs, so why is Cathie Wood selling?
Stock

Rocket Lab stock is near all-time highs, so why is Cathie Wood selling?

Rocket Lab stock (NASDAQ: RKLB) has become one of the market’s loudest momentum stories, and Cathie Wood has been trimming into the…

May 12, 2026
World markets face mounting risks as US-Iran tensions intensify
Stock

World markets face mounting risks as US-Iran tensions intensify

The prolonged conflict in the Middle East is beginning to weigh heavily on global markets, affecting currencies, fuel prices, airlines, and bond…

May 12, 2026
Vodafone share price drops after earnings, as technicals point to a 22% surge
Stock

Vodafone share price drops after earnings, as technicals point to a 22% surge

Vodafone share price dropped today, May 12, even as the company published strong financial results, helped by its strategic pivot to its…

May 12, 2026
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