Smith & Nephew Shares Surge to Multi-Month High

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Smith & Nephew shares surged as much as 5.6%, the most since February and leading the FTSE 100, after the company released a strong trading update and reaffirmed its positive outlook for 2025, projecting robust revenue growth and improved profit margins. As of late 2024 and early 2025, hedge funds control about 5% of Smith & Nephew’s shares, while large institutional investors-including BlackRock and Vanguard-hold over 75%, making institutions the dominant force in the company’s ownership structure

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Mark Mobius Goes Defensive: ‘Cash Is King’ as 95% of Funds Stay Liquid

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Mark Mobius: “At this stage, cash is king. So 95% of my money in the funds are in cash”

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UBS Surpasses Profit Forecasts

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BREAKING: Swiss giant UBS on Wednesday beat bottom line expectations as the lender seeks to rein in steep share declines that have cost it the crown of continental Europe’s largest bank amid sweeping U.S. tariffs

Net profit attributable to shareholders hit $1.692 billion in the first quarter, compared with a mean forecast of $1.359 billion in a LSEG poll of analysts. Group revenue over the stretch stood at $12.557 billion, versus analyst expectations of $12.99 billion

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Starbucks Net Earnings Plunge 50%

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Starbucks’ Net earnings dropped 50% year-over-year

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Booking Holdings Surpasses 300 Million Mark: Q1 Room Nights Soar to 319 Million

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Booking Holdings Room nights reached 319 million in Q1, marking the first time the company surpassed 300 million in a single quarter

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Sony Shares Surge as Company Weighs Semiconductor Spin-Off to Unlock Value

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BREAKING: Sony Group Corp. shares surged after reports emerged that the company is considering spinning off its semiconductor unit

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China’s Factory Activity Plunges to Near Two-Year Low

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BREAKING: China’s manufacturing activity fell more-than-expected, sliding into contractionary territory in April as the escalating trade war with the U.S. hurts bilateral trade

The official purchasing managers’ index came in at 49.0 in April, according to data from the National Bureau of Statistics on Wednesday, falling below the 50-level threshold, which determines expansion from contraction, for the first time since January

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SoFi to Relaunch Crypto Investing

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SoFi CEO Anthony Noto said the fintech bank will bring back cryptocurrency investing after a “fundamental shift” in the regulatory landscape under the Trump administration

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Coca-Cola Beats Earnings Forecasts, Reaffirms 2025 Outlook

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BREAKING: Coca-Cola tops earnings estimates, keeps full-year outlook as it expects minimal tariff disruption. Earnings per share: 73 cents adjusted vs. 71 cents expected. Revenue: $11.22 billion adjusted vs. $11.14 billion expected

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Smoke-Free Surge: How Philip Morris International’s Rapid Growth and Regulatory Wins in Alternative Products Are Powering Its Stock Momentum

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The most significant catalyst for Philip Morris International (PM) stock is the rapid growth and regulatory momentum of its smoke-free product portfolio, particularly the ZYN nicotine pouches and IQOS heat-not-burn device. ZYN, acquired through PMI’s purchase of Swedish Match, has become a breakout success in the U.S. market, and its recent FDA authorization as the first approved nicotine pouch in the country is a game-changing milestone-granting PMI a competitive edge, validating product safety and compliance, and enabling broader market penetration in the fast-growing nicotine pouch segment

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