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ASX:APT 12 January 2026

Zip Co stock jumps on Trump credit-card rate cap talk as ASX:ZIP gets fresh bid

Zip Co stock jumps on Trump credit-card rate cap talk as ASX:ZIP gets fresh bid

Zip Co Ltd shares jumped as much as 6.4% to A$3.80 in Sydney trading Monday, tracking gains across buy-now-pay-later stocks. The move followed U.S. President Trump’s plan to cap credit card interest rates at 10%, raising questions over credit supply and funding costs. Zip will report half-year results on Feb. 19. Investors are watching for signs of changing credit risk and repayment trends.
12 January 2026
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Stock Market Today

  • Intuit Shares Drop 2.4% Premarket After Job Cut Report
    May 20, 2026, 10:10 AM EDT. Intuit Inc shares fell 2.4% in premarket trading following Reuters reports that the company plans to cut 17% of its workforce. The move signals cost-cutting amid an uncertain economic environment impacting the tech sector. Job reductions aim to streamline operations and improve financial resilience. Intuit is a key player in financial software, known for products like TurboTax and QuickBooks. These layoffs reflect broader industry trends as firms adjust to shifting demand and macroeconomic pressures.

Latest articles

Nokia’s U.S. Broadband Win Lands as Its AI Rally Faces a Supply Test

Nokia’s U.S. Broadband Win Lands as Its AI Rally Faces a Supply Test

20 May 2026
Nokia shares rose 3.37% in Helsinki trading Wednesday after the FCC conditionally approved its Beacons and ONT devices, exempting them from U.S. Covered List restrictions. Nokia also transferred 975,289 treasury shares to equity plan participants. Dell’Oro Group forecasts the optical transport equipment market will grow 16% in 2026, driven by AI data centers.
Apellis Shares Disappear After Biogen’s $5.6 Billion Buy—One Play Left

Apellis Shares Disappear After Biogen’s $5.6 Billion Buy—One Play Left

20 May 2026
Biogen completed its acquisition of Apellis Pharmaceuticals, removing APLS shares from Nasdaq and paying investors $41 per share plus a contingent value right tied to Syfovre sales. Apellis shareholders tendered 82.4% of outstanding stock before the offer expired May 13. Biogen shares rose 0.9% to $192.34 Wednesday. The CVR could pay up to $4 if Syfovre meets future sales targets.
Vida CEO Steps In as $15 Million AI IPO Hits Reality Check

Vida CEO Steps In as $15 Million AI IPO Hits Reality Check

20 May 2026
Vida Global Inc. raised $15 million in its May 18 IPO, selling 3.75 million shares at $4 each, but the stock closed at $2.29 on Tuesday. CEO Lyle Pratt bought 312,900 shares for about $1.19 million, according to a Form 4 filing. Vida reported 2025 revenue of $551,383 and a net loss of $2.9 million. The company’s shares trade on NYSE American and NYSE Texas under the symbol VIDA.
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