Today: 2 May 2026

IndusInd Bank’s loan slump deepens: Q3 update shows advances down 13% and CASA sliding

IndusInd Bank’s loan slump deepens: Q3 update shows advances down 13% and CASA sliding

IndusInd Bank’s net advances fell 13% year-on-year to 3.18 trillion rupees as of December 31, marking a fourth straight quarterly decline. Deposits dropped 3.8% from a year earlier but rose 1.1% from September; the CASA ratio slipped to 30.3%. The bank’s loan contraction contrasts with double-digit growth at larger rivals. IndusInd is recovering from a $230 million derivatives misaccounting scandal.
6 January 2026
NAB slides nearly 3% as rate-hike chatter hits bank stocks ahead of Australia inflation print

NAB slides nearly 3% as rate-hike chatter hits bank stocks ahead of Australia inflation print

National Australia Bank shares fell 3.0% to A$41.28 on Tuesday, underperforming the market as traders braced for Wednesday’s CPI data. Australia’s benchmark index slipped 0.92%, with financials among the main drags. Investors recalibrated for the risk of the Reserve Bank of Australia keeping rates higher for longer. NAB’s next trading update is set for February 18.
6 January 2026
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Macquarie shares buck weak ASX as investors eye Qube deadline and May results

Macquarie shares buck weak ASX as investors eye Qube deadline and May results

Macquarie Group shares rose 1.68% to A$206.76 Tuesday, outperforming the S&P/ASX 200, which fell 0.52%. The stock touched a high of A$207.08 as investors watched for updates on its Qube bid, with the exclusivity deadline set for February 1. No new company filings were posted in the past two days. Macquarie last reported a 3% rise in first-half net profit to A$1.66 billion in November.
6 January 2026
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BlueScope Steel stock jumps 21% on A$30 takeover bid — the next catalyst investors are watching

BlueScope Steel stock jumps 21% on A$30 takeover bid — the next catalyst investors are watching

BlueScope Steel shares jumped 20.6% to A$29.48 after SGH and Steel Dynamics made a non-binding A$30-per-share takeover offer. The proposal, received Dec. 12, is subject to due diligence, exclusivity, and other conditions. BlueScope’s board is reviewing the bid against its own valuation. The company previously rejected lower offers, citing execution risks.
6 January 2026
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DroneShield stock jumps 18% as ASX:DRO taps Louis Gamarra as chief commercial officer

DroneShield stock jumps 18% as ASX:DRO taps Louis Gamarra as chief commercial officer

DroneShield shares surged 18.1% to A$3.91 in Sydney on Tuesday, with turnover more than doubling to 32 million shares. The company named Louis Gamarra chief commercial officer to lead global sales. The rally lifted the stock 27% above its Dec. 31 close, even as the broader ASX 200 fell 0.5%. Investors await the next earnings update for signs of sustained demand.
6 January 2026
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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 06.01.2026

Fermi (FRMI) closed at $9.50 after falling 37.3% over 30 days, despite a 17.4% gain in the past week. ASX mining stocks rallied as fund managers named copper, gold, lithium, and iron ore producers as top picks for 2026. Indian Sensex dropped 443 points, while Reliance Industries rose 0.7% after denying Russian oil shipment reports. An article highlighted Coca-Cola, Procter & Gamble, and General Mills as favored dividend stocks.
6 January 2026
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NuScale Power stock jumps 15% on nuclear policy buzz — what traders watch before Tuesday’s open

NuScale Power stock jumps 15% on nuclear policy buzz — what traders watch before Tuesday’s open

NuScale Power shares closed up 15% at $18.78, with trading volume surging to 62.6 million ahead of a U.S. House hearing on nuclear licensing set for Jan. 7. The stock has gained over 30% in two sessions. Oklo and Nano Nuclear Energy also advanced. Investors are watching for policy signals and any follow-on equity raise after NuScale doubled its authorized share count in December.
6 January 2026
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ServiceNow (NOW) stock barely moves after ex-Microsoft legal chief Nowbar is named president — here’s what investors watch next

ServiceNow (NOW) stock barely moves after ex-Microsoft legal chief Nowbar is named president — here’s what investors watch next

ServiceNow appointed former Microsoft legal chief Hossein Nowbar as president and chief legal officer, replacing Russ Elmer. NOW shares closed up 0.05% at $147.52 and were little changed after hours. RBC and Piper Sandler cut price targets but kept bullish ratings ahead of earnings. Nowbar will oversee legal, ethics, and compliance as ServiceNow pursues a $7.75 billion Armis acquisition.
6 January 2026
GE Vernova stock edges higher after Vietnam gas-plant start; Jan. 28 earnings now in focus

GE Vernova stock edges higher after Vietnam gas-plant start; Jan. 28 earnings now in focus

GE Vernova shares closed up 0.2% at $680.86 Monday after announcing a 1.6-gigawatt LNG power plant in Vietnam began commercial operation. The Nhon Trach 3&4 facility, using GE’s 9HA turbines, is Vietnam’s first LNG-powered plant. The company set Jan. 28 for its fourth-quarter and full-year 2025 results. Trading volume was about 2.44 million shares.
6 January 2026
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Stock Market Today

  • Imperial Oil (TSX:IMO) Valuation Debate Amid Mixed Share Price Signals
    May 2, 2026, 4:07 PM EDT. Imperial Oil (TSX:IMO) share price slipped 4.0% to CA$174.60 after a strong 90-day gain of 26.9% and 1-year total return of 88.1%. Analysts peg fair value at CA$132.81, suggesting the stock is 31.5% overvalued, citing efficiency gains at Kearl and margin expansion. However, a discounted cash flow (DCF) model estimates a fair value of CA$308.28, implying the stock is 43.4% undervalued. Investors face conflicting valuations amid potential risks from faster decarbonization policies and oil price volatility. The tension highlights uncertainty over long-term growth assumptions and intrinsic value forecasts for Imperial Oil.

Latest article

Kraft Heinz Stock Faces New Berkshire Overhang Days Before Q1 Earnings

Kraft Heinz Stock Faces New Berkshire Overhang Days Before Q1 Earnings

2 May 2026
Berkshire Hathaway reported its Kraft Heinz stake was $1.4 billion below carrying value at March 31 but took no new impairment. Kraft Heinz will report first-quarter results May 6, with analysts expecting earnings of 50 cents per share and $5.89 billion in revenue. Berkshire held 27.5% of Kraft Heinz as of March 31. KHC shares closed Friday at $22.49, down 0.75%.
NextEra Energy Strikes 3,000 MW Arizona Solar Deal as Power Demand Boom Builds

NextEra Energy Strikes 3,000 MW Arizona Solar Deal as Power Demand Boom Builds

2 May 2026
Salt River Project and NextEra Energy Resources agreed to develop 3,000 MW of new solar power in Arizona by 2034, enough to supply about 595,000 homes. Construction will add 500 MW annually from 2029 to 2034. The deal comes as utilities seek new capacity to meet rising demand from data centers and population growth. NextEra has already developed over 1,000 MW for SRP.
BlackBerry Limited’s Hidden QNX Comeback Is Running Inside 275 Million Cars

BlackBerry Limited’s Hidden QNX Comeback Is Running Inside 275 Million Cars

2 May 2026
BlackBerry’s QNX software now runs in over 275 million vehicles and generated $268 million in revenue for fiscal 2026, nearly half the company’s total. The division’s quarterly revenue rose to $78.7 million from $65.8 million a year earlier. BlackBerry posted a $53.2 million profit for the year, reversing a prior loss. QNX faces pressure from larger competitors and open-source alternatives.
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