Today: 7 June 2026

Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

City Developments stock jumps in Singapore as Newport Residences preview begins — what investors watch next

City Developments stock jumps in Singapore as Newport Residences preview begins — what investors watch next

City Developments Ltd shares rose 2.3% to S$9.16 Friday, leading the Straits Times Index, which gained 0.3% for the day and 2.1% for the week. CDL traded 4.06 million shares, double the previous day’s volume, as previews began for its Newport Residences project. Sales bookings open Jan. 31. The company will release 2025 earnings on Feb. 27.
18 January 2026
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ST Engineering stock price hits record high — what investors watch next on SGX

ST Engineering stock price hits record high — what investors watch next on SGX

ST Engineering shares closed at a record S$9.60 on Friday, up 0.73% for the day and 103% over the past year. DBS Group Research raised its target price to S$10.20, citing predictable earnings and strong demand in defence and aviation. The company’s next earnings report is set for Feb. 26, 2026. Investors are watching for new contract announcements and 2026 guidance.
18 January 2026
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Seatrium share price in focus after U.S. court revives Empire Wind; Feb 28 delivery watched

Seatrium share price in focus after U.S. court revives Empire Wind; Feb 28 delivery watched

Seatrium shares fell 2.2% to S$2.24 Friday in Singapore, with 21.3 million shares traded. A U.S. judge granted Equinor a preliminary injunction, allowing work to resume on New York’s Empire Wind project, for which Seatrium is set to deliver a wind vessel by Feb. 28. Maersk will pay the remaining US$360 million owed for the vessel, partly through a 10-year credit line. Legal uncertainty over the project continues.
18 January 2026
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Mineral Resources share price: MIN stock in focus after Onslow Iron port upgrade — what to watch next week

Mineral Resources share price: MIN stock in focus after Onslow Iron port upgrade — what to watch next week

Mineral Resources shares closed down 2.4% at A$59.78 Friday after announcing an automated mooring system at its Port of Ashburton, aimed at faster, safer iron ore loading. The company said Onslow Iron reached its 35 million tonne annual capacity in August 2025. Quarterly results are due Jan. 29, with half-year figures set for Feb. 20.
18 January 2026
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CBA share price: Commonwealth Bank stock in focus before the RBA call and February earnings

CBA share price: Commonwealth Bank stock in focus before the RBA call and February earnings

Commonwealth Bank shares closed 0.52% higher at A$154.30 Friday, ending a strong week for Australian banks as the S&P/ASX 200 hit an 11-week high. CBA and Macquarie hiked fixed mortgage rates, drawing investor focus to the RBA’s February 3 cash-rate decision and CBA’s half-year results on February 11. Australia’s 10-year bond yield rose to 4.71% this week.
18 January 2026
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Stock Market Today

  • FirstService Buybacks and Luxury Mandate Highlight Long-Term Growth Strategy
    June 7, 2026, 5:42 PM EDT. FirstService (TSX:FSV) repurchased 931,182 shares for US$123.3 million through its August 2025 buyback program, cutting 2.04% of equity. Concurrently, it secured a management contract for the 86-unit luxury Viceroy Residences Clearwater Beach, marking its expansion in upscale Florida markets. These moves signal management's dual focus on shareholder returns and premium property services growth. The company projects revenue rising to US$6.6 billion and earnings to US$256.8 million by 2029, requiring 5.8% annual growth. Analysts offer mixed fair value estimates between CA$209.44 and CA$243.71, implying potential upsides amid challenges from community budget pressures and a tight financing environment. Execution of organic growth remains the key near-term factor for investors assessing FirstService's evolving property services narrative.

Latest articles

Palantir Falls Even With AI Contracts, Bulls Eyeing Upcoming Week

Palantir Falls Even With AI Contracts, Bulls Eyeing Upcoming Week

7 June 2026
Palantir plunged 4.35% Friday to $135.53, capping a 13.42% weekly slide as investors weighed new AI deals—including a Google Cloud partnership and multi-year contracts with Kirkland & Ellis and McCarthy Building—against valuation concerns and broader tech selloff, with upcoming U.S. inflation data adding risk to high-multiple stocks.
Goldman’s Fed cut outlook shift signals warning for Wall Street rally

Goldman’s Fed cut outlook shift signals warning for Wall Street rally

7 June 2026
Goldman Sachs no longer expects a Fed rate cut in 2026 after strong May jobs data, leaving investors to weigh a possible hold or hike as the Nasdaq plunged 4.18% and the S&P 500 fell 2.64% on Friday; CME’s FedWatch tool now puts December rate hike odds at 42.7%, while Citi remains the outlier still predicting three cuts this year.
Joby Aviation Drops 20%—Market Watching for Monday’s Open

Joby Aviation Drops 20%—Market Watching for Monday’s Open

7 June 2026
Joby Aviation plunged 14.3% to $9.55 Friday, extending a nearly 20% weekly drop as a strong U.S. jobs report fueled fears of higher interest rates, pressuring speculative growth stocks; trading volume spiked, and peers like Archer and Vertical also fell, raising investor questions about how much to pay now for future air-taxi profits.
Peso Drops to 17.48 After U.S. Jobs Data Sends Dollar Higher

Peso Drops to 17.48 After U.S. Jobs Data Sends Dollar Higher

7 June 2026
The Mexican peso tumbled 1.10% to 17.4793 per dollar Friday after stronger-than-expected U.S. jobs data lifted the dollar and pushed U.S. rate futures to price a 68.4% chance of a Fed hike by December, raising pressure on emerging-market currencies ahead of Monday’s open.
Bank Of America To Pay $2.25M Over ATM Fees

Bank of America Stock Reacts as Rates Shift: BAC on Watch

7 June 2026
Bank of America closed Friday at $53.83, caught between a stronger-than-expected U.S. jobs report that pushed Treasury yields higher and anticipation for Co-President Jim DeMare’s update at Tuesday’s Morgan Stanley U.S. Financials Conference, with investors watching for signals on deposit costs, loan demand, and capital return as rate and inflation dynamics drive near-term stock moves.
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