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NZX:VSL 6 January 2026

New Zealand Stock Market Ends Higher as BlueScope Bid Sparks Steel Rally, Infratil Gains

New Zealand Stock Market Ends Higher as BlueScope Bid Sparks Steel Rally, Infratil Gains

New Zealand’s S&P/NZX 50 index rose 0.56% to 13,663.58 Tuesday, led by steel and construction stocks after a takeover bid for Australia’s BlueScope Steel. Vulcan Steel jumped 3.6%, Steel & Tube 4.7%, and Fletcher Building 1.6%. BlueScope surged 21% in Sydney after receiving a buyout proposal from SGH and Steel Dynamics. Banks fell, with Westpac and ANZ both down 2.6%.

Stock Market Today

  • $292M Kelp DAO Hack Exposes DeFi Vulnerabilities Ahead of Institutional Expansion
    May 2, 2026, 3:19 PM EDT. The recent $292 million hack of Kelp DAO has revealed significant weaknesses in decentralized finance (DeFi) platforms just as major Wall Street firms deepen their involvement. Apollo Global Management and BlackRock recently entered partnerships leveraging DeFi, highlighting growing institutional interest. Industry experts call the hack a speed bump, not a roadblock, emphasizing that improved security frameworks are vital. Specialists advocate for zero-trust architectures with multiple layers of defense, including stricter multi-signature controls and timelocks on governance decisions. The incident underscores the urgent need to upgrade DeFi's security infrastructure before larger capital flows in, signaling a push toward institutional-grade decentralized finance backed by real-world asset tokenization and robust risk controls.

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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.
Fiserv Stock Gets an AI Payments Twist Before Crucial May 5 Earnings Test

Fiserv Stock Gets an AI Payments Twist Before Crucial May 5 Earnings Test

2 May 2026
Fiserv has joined the x402 Foundation, aligning with Coinbase, Visa, Mastercard, and Stripe to develop an open standard for automated internet payments, the company said Friday. The announcement comes ahead of Fiserv’s first-quarter earnings report on May 5 and its investor day on May 14. Fiserv shares closed at $62.14, down 0.81%. Analysts expect adjusted earnings of $1.57 per share for the quarter.
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