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Shares of Flutter Entertainment soared over 9% after the company announced a $5 billion share buyback program and outlined a long-term growth plan. Progress Software also saw a nearly 7% increase in its stock price following better-than-expected fiscal third-quarter results. On the other hand, KB Home experienced a more than 6% drop in shares due to weaker-than-expected earnings for the quarter. Bilibili shares declined over 5% despite being named a top pick among Chinese-based digital entertainment companies by JPMorgan. Rithm Capital announced a secondary offering of 30 million shares, leading to a more than 4% increase in its stock price. Hewlett Packard Enterprise saw a nearly 3% rise after receiving an upgrade from Barclays. Worthington Enterprises faced a nearly 5% decrease in shares following disappointing first-quarter results. Alibaba’s stock also dropped by nearly 3% after a previous session gain of almost 8%. General Motors and Ford Motor saw declines in their stock prices after downgrades from Morgan Stanley’s Adam Jonas, citing increased competition from China and a weakening U.S. consumer. General Motors fell roughly 3% and Ford Motor dropped around 2%.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
