Today: 10 June 2026
Browse Category

NZX:ERD 16 November 2025

New Zealand Sharemarket Today: NZX 50 Slides 0.5% as Infratil Sell‑Off Caps Mainfreight Rally (13 November 2025)

New Zealand Sharemarket Today (17 November 2025): Black Pearl Returns, Comvita Deal Collapses, Warehouse Cost Reset in Focus

Comvita’s proposed takeover by Florenz collapsed after only 54.29% of non-Florenz shareholders backed the deal, short of the required 75%. The S&P/NZX 50 Index dropped 0.98% to 13,464.46 on Friday, with Mainfreight, Infratil, and Comvita among the notable fallers. As of early Monday, the NZX Main Board remained at Friday’s close with no trades recorded.
16 November 2025
·······

Stock Market Today

  • Palantir CEO Criticizes AI Spending of Anthropic and OpenAI Amid Rising Corporate AI Costs
    June 10, 2026, 12:38 PM EDT. Palantir CEO Alex Karp criticized major AI firms Anthropic and OpenAI for high enterprise AI spending and limited client satisfaction. Karp highlighted Palantir's role in supporting Anthropic projects and urged companies to move beyond costly token-based billing, a model charging users per text processed by AI. As corporate buyers set firm AI budgets, many face "sticker shock" with modest cost savings, per Bain data. Karp called out "token maxing," where usage inflates without real business impact, and promoted Palantir's steadier, operational AI approach. Meanwhile, Anthropic launched Claude Fable 5 to lower costs and add security features. Analysts like Wedbush reaffirm Palantir's strong position thanks to its integrated software and on-site engineers.

Latest articles

Lemonade Shares Jump as Investors Zero In on Profit Path

Lemonade Shares Jump as Investors Zero In on Profit Path

10 June 2026
Lemonade shares jumped 10.6% to an intraday high above $60 after CEO Daniel Schreiber and CFO Tim Bixby appeared at Morgan Stanley’s U.S. Financials Conference, as investors focused on the company’s reiterated target for positive adjusted EBITDA in Q4 and a fresh TD Cowen price target hike, with shrinking losses and improved underwriting driving optimism.
Ford Shares Slide as F-150 Aluminum Constraint Eases

Ford Shares Slide as F-150 Aluminum Constraint Eases

10 June 2026
Ford shares slid 3.2% to $14.47 despite Novelis restarting its Oswego aluminum plant, a key F-Series supplier, as investors now focus on how quickly supply ramps up to cut costs and boost production after months of disruption that forced Ford to cut its 2025 profit forecast and warn of up to $2 billion in charges.
Go toTop