Today: 12 July 2026

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

Grab shares edge lower after Superbank shift

Grab shares edge lower after Superbank shift

Grab Holdings shares traded lower Wednesday, with the stock quoted at $3.465, down 1.0% at 12:41 p.m. EDT. The move came after Grab said it will consolidate Indonesia’s Superbank in its accounts, giving the Nasdaq-listed company majority economic control over its digital banking operation in its largest market. Shares have dropped more than 30% since Jan. 1.
20 May 2026
OpenAI IPO Filing Could Come Soon as ChatGPT Parent Moves Fast Toward Market Debut

OpenAI IPO Filing Could Come Soon as ChatGPT Parent Moves Fast Toward Market Debut

OpenAI is getting ready to file for an IPO soon, the Wall Street Journal said Wednesday. The ChatGPT developer is talking with bankers at Goldman Sachs and Morgan Stanley on a draft prospectus, which could get filed confidentially as early as Friday, Reuters said, citing the Journal. If it happens, it could be among the biggest technology IPOs ever.
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Stock Market Today

  • Plug Power (PLUG) Sinks 15.5% as Questions Swirl on 50 MW Australia Deal
    July 12, 2026, 1:12 PM EDT. Plug Power shares tumbled 15.53% after the company announced a 50-megawatt electrolyzer order from Australia but didn't spell out the financial details or timing. The lack of contract value and delivery window knocked about $570 million off Plug's market cap, with the stock closing at $2.23 for a total value near $3.1 billion. The order makes up a sixth of Plug's total electrolyzer capacity. Traders bailed from peer names too as FuelCell Energy and Ballard Power fell, while the Nasdaq Composite rose 1.7%. Susquehanna slashed its Plug price target to $2.50 and kept a Neutral rating, Morgan Stanley stuck with Underweight but bumped its target up to $1.65. Plug is still burning cash, even with 22% sales growth and improving margins, showing a $245 million loss last quarter and $223 million cash on hand.
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