RBC Capital Markets has increased its 12-month target for the S&P 500 index from 7,750 to 7,900 following a better-than-expected first-quarter corporate earnings season. The rise in the target reflects optimism about improving company profits and a supportive economic environment. Additionally, hopes for an end to the war with Iran and renewed interest in AI-related stocks have contributed to the recent record highs in the S&P 500. This suggests a positive outlook for the stock market in the near term.
Xunlei Limited announced a 54.1% year-over-year revenue increase to $98.6 million in Q1 2026, fueled by a 26.2% rise in subscription revenue and an 89.3% surge in overseas audio live-streaming revenue. Gross profit grew 45.8% to $57.7 million, though...
Electrolux Group announced a fully underwritten rights issue of approximately SEK 9 billion, approved by its Board and an Extraordinary General Meeting. The prospectus for this rights issue was approved by the Swedish Financial Supervisory Authority ...
US stock futures fell following US strikes on Iranian drone sites near the Strait of Hormuz, heightening Middle East tensions. Major indices showed slight declines, with the Russell 2000 small-cap index down. Earnings reports drew attention: Snowflak...
Autohome Inc. announced a decline in net revenues to RMB1,048.4 million (US$152.0 million) in Q1 2026 from RMB1,453.8 million in Q1 2025, primarily due to reduced advertising spending and fewer paying dealers amid shrinking auto sales. Net income att...
CIBC's Board of Directors announced a dividend of $1.07 per common share for the quarter ending July 31, 2026. The dividend will be paid on July 28, 2026, to shareholders recorded by June 29, 2026. This reflects CIBC's ongoing commitment to returning...
