Earnings

The STOXX 600 Lost 8 Percent in Five Weeks. The Recovery Trade Is Collateral Damage.

The STOXX 600 peaked at 628 on Feb 18. Five weeks later it sits at 575. Goldman forecast 8% returns. Lagarde says markets are too optimistic. What happened.

Four Weeks Down. No Floor in Sight.

The S&P 500 closed below its 200-day moving average for the first time since May. Four losing weeks. Dip buyers gone. The war hasn't given the market a floor yet.

Orlen Just Surpassed Gazprom in Market Cap. The Rest of Warsaw Is Having a Much Harder Week.

WIG20 at 3,274. Orlen just surpassed Gazprom in market cap at an all-time high. KGHM is testing key support for the fourth time. PKO BP posted record profits. Warsaw is three different trades right now.

The S&P Hit a 2026 Low. The Equal-Weight Version Is Up 3%. Those Are Two Very Different Stories.

S&P 500 hit a 2026 low at 6,632. Adobe lost 8.85% after its CEO of 18 years resigned. But the equal-weight S&P is up 3% YTD. Here's what's actually moving.

Seoul’s $22 Billion Margin Bet Just Blew Up in the Worst KOSPI Crash on Record

South Korea's KOSPI crashed 12.1% — its worst day ever — as $22 billion in margin debt met an oil shock. Circuit breakers fired. The won hit 1,500.

ISM Prices Just Printed 70.5. The Dollar Rallied. Rate Cuts Didn’t.

ISM Prices Paid surged to 70.5, the highest since 2022. EUR/USD dropped to 1.17, GBP/USD clings to 1.34 as rate cut bets collapse.

Netflix Walks Away From Warner Bros. With $2.8 Billion in Its Pocket and Wall Street’s Blessing

Netflix dropped its $82.7B Warner Bros bid in under two hours. Paramount's $111B deal won, but Wall Street thinks the loser got the better outcome.

Rolls-Royce Asks Taxpayers for £200 Million — While Returning Up to £9 Billion to Shareholders

Rolls-Royce seeks £200m in UK taxpayer funding for its £3bn UltraFan 30 engine — while announcing £7-9bn in buybacks and record £3.5bn operating profit.

Duolingo Just Torched Its Own Margins. Wall Street Didn’t Take It Well.

Meta description: Duolingo crashes 22% after pivoting from monetisation to user growth — targeting 100M DAUs by 2028 but guiding bookings 7% below consensus.

The Exchange That Runs Everyone Else’s IPO Is Finally Getting Its Own.

NSE kicks off its $2.5B IPO process after a decade of delays — as Asia Pacific listings hit $90B and Manila rewrites float rules to lure mega-caps.

El Mencho Is Dead. Now the Real Risk for Mexico’s Markets Begins.

El Mencho's killing sparks cartel retaliation across Mexico, rattling the peso, disrupting freight and tourism, and raising succession-crisis risk for investors.