Finance 9 March 2026

Glencore plc weighs ASX listing after Rio Tinto talks collapse
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Glencore plc weighs ASX listing after Rio Tinto talks collapse

Glencore is considering a secondary listing on the Australian Securities Exchange to attract new investors, CEO Gary Nagle told the Australian Financial Review. The move follows failed merger talks with Rio Tinto, which Glencore said undervalued its copper business. No timetable has been set, and shareholder consultation is required before any decision. Glencore declined further comment.
March 9, 2026
RELX PLC extends share buyback after AI selloff, tops 23 million shares in 2026 (Investegate)
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RELX PLC extends share buyback after AI selloff, tops 23 million shares in 2026 (Investegate)

RELX PLC repurchased 500,000 shares Monday for about £13.2 million, bringing 2026 buybacks to 23.23 million shares. The company is executing a £2.25 billion buyback plan amid a sector selloff triggered by new generative AI tools. Treasury shares now total 27.34 million, with 1.801 billion ordinary shares outstanding. UBS AG London Branch is managing the current tranche, set to end March 20.
March 9, 2026
Shell Plc to Sell Jiffy Lube to Monomoy for $1.3 Billion in Latest Portfolio Shake-Up
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Shell Plc to Sell Jiffy Lube to Monomoy for $1.3 Billion in Latest Portfolio Shake-Up

Shell will sell Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion, with the deal expected to close in the second half of 2026. The sale includes a long-term lubricants supply agreement. Jiffy Lube accounts for about 6.5% of Shell’s lubricants volume in the U.S. and Canada. Shell will retain its Pennzoil, Quaker State, and other lubricant brands in North America.
March 9, 2026
Anglo American Shares Sink After JPMorgan Downgrade as Copper Outlook Darkens
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Anglo American Shares Sink After JPMorgan Downgrade as Copper Outlook Darkens

Anglo American shares fell 3.2% to 3,127 pence after JPMorgan downgraded the miner to “underweight” and London stocks slid on oil-driven selling. JPMorgan cited weaker prospects for copper and iron ore, downgrading Anglo, Antofagasta, and Rio Tinto. Anglo reported a $3.7 billion loss for 2025 after a De Beers write-down, with net debt at $8.6 billion. The company is pursuing a merger with Teck Resources and a De Beers sale.
March 9, 2026
HSBC Holdings Sticks With Gulf Bet Despite Iran Conflict as Markets Slide
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HSBC Holdings Sticks With Gulf Bet Despite Iran Conflict as Markets Slide

HSBC said its confidence in Gulf economies remains unchanged despite the Iran conflict, citing continued long-term promise in the region. The bank’s UAE and Saudi operations have contributed about 5% of group profits annually over five years. Dubai’s main share index fell 2.8% Monday as oil surged 11% on Strait of Hormuz disruption fears. Some rivals have told staff to work from home or delay travel to the region.
March 9, 2026
Nu Holdings stock slips as Nubank’s U.S. push keeps cost fears alive
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Nu Holdings stock slips as Nubank’s U.S. push keeps cost fears alive

Nu Holdings shares fell 0.75% to $14.47 in New York on Monday after an earlier low of $14.12. The drop follows a 50% jump in Q4 net profit and 45% revenue growth, but analysts flagged concerns over costs and credit quality. Nu ended 2025 with 131 million customers and is preparing a U.S. launch, including a stadium naming deal with Inter Miami CF. The company aims to open its U.S. bank within 18 months, pending regulatory approval.
March 9, 2026
Bitmine Immersion Technologies stock climbs after BMNR ether stash hits 4.53 million, holdings top $10.3 billion
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Bitmine Immersion Technologies stock climbs after BMNR ether stash hits 4.53 million, holdings top $10.3 billion

Bitmine Immersion Technologies reported its investments reached $10.3 billion as of March 8, including 4.53 million ether tokens and $1.2 billion in cash. Shares rose about 6% Monday. The company said it bought nearly 61,000 ETH in the past week and now holds 3.76% of ether’s total supply, with two-thirds staked. Bitmine’s planned staking platform MAVAN is set for launch in Q1 2026.
March 9, 2026
Banco Bradesco Moves Bradsaúde Plan Ahead as Odontoprev Sets April Vote
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Banco Bradesco Moves Bradsaúde Plan Ahead as Odontoprev Sets April Vote

Bradesco shareholders will vote March 31 on spinning off Bradseg, while Odontoprev holders meet April 6 to approve absorbing Bradesco Gestão de Saúde and renaming as Bradsaúde. The bank says updated documents and a new appraisal do not change the deal’s terms. The reorganization still needs regulator approval and a secondary share sale to meet free float rules has not been scheduled. Bradesco reported 24.7 billion reais profit in 2025.
March 9, 2026
SoFi Technologies Shares Fall 4% as Oil Shock Overshadows CEO Buy, Mastercard Stablecoin Deal
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SoFi Technologies Shares Fall 4% as Oil Shock Overshadows CEO Buy, Mastercard Stablecoin Deal

SoFi Technologies shares fell 3.7% to $18.21 by midday Monday as surging oil prices fueled inflation concerns and pressured online lenders. CEO Anthony Noto bought $1 million in shares on March 2, and SoFi announced a new Mastercard partnership involving its SoFiUSD crypto token. Broader market weakness and inflation fears outweighed recent company moves. Affirm and Upstart shares also declined.
March 9, 2026
Constellation Software Q4 profit tumbles 61% despite revenue jump as Asseco charge bites
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Constellation Software Q4 profit tumbles 61% despite revenue jump as Asseco charge bites

Constellation Software’s Q4 net income attributable to common shareholders dropped 61% to $110 million, hit by a $155 million expense tied to Asseco’s share price, while revenue rose 18% to $3.18 billion. Organic growth was 6%. The company completed $571 million in acquisitions and declared a $1.00 dividend. Year-end cash less debt improved to negative $1.04 billion.
March 9, 2026
Biohaven Ltd stock whipsaws after FDA exit revives rare-disease bets
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Biohaven Ltd stock whipsaws after FDA exit revives rare-disease bets

Biohaven Ltd shares swung sharply Monday, opening at $11.38, peaking at $12.70, then dropping to $9.91 by 10:55 a.m. EDT, with volume over 3.1 million. The moves followed a leadership change at the FDA, which last year rejected Biohaven’s rare-disease drug Vyglxia, sending shares down over 40%. Biohaven reported a 2025 net loss of $738.8 million and ended December with $322 million in cash.
March 9, 2026
ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook
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ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook

ZIM Integrated Shipping reported fourth-quarter net income of $38 million, down sharply from $563 million a year earlier, with revenue falling 32% to $1.48 billion. The company declared a $0.88 dividend but withheld 2026 guidance due to its pending $4.2 billion sale to Hapag-Lloyd. Average freight rates dropped 29% and carried volume slid 9%. Shares rose 1.8% to $28.32 in New York trading.
March 9, 2026
Oil Nears $120 as Iran War Hammers KOSPI, Asian Stocks and Wall Street
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Oil Nears $120 as Iran War Hammers KOSPI, Asian Stocks and Wall Street

Oil prices jumped to $119.50 a barrel Monday as the U.S.-Israeli war with Iran disrupted Gulf supplies and shipping through the Strait of Hormuz. Stocks tumbled worldwide; Seoul's KOSPI fell 8.8%, and Europe's STOXX 600 dropped 1.8%. Saudi Arabia, Iraq, Kuwait, and Bahrain slashed output. Hundreds of tankers idled near Hormuz, and airline fares soared as jet fuel costs spiked.
March 9, 2026
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Stock Market Today

  • Tesla Stock Rises 28% Amid Competition and Profit Challenges
    May 31, 2026, 10:52 AM EDT. Tesla shares have surged 28% in recent weeks, yet challenges persist. The electric vehicle (EV) maker faces intensifying competition, notably from Chinese rival BYD, which leads in sales volumes. Tesla's automotive revenue grew 16% year-on-year in Q1, but profitability declined sharply from $7.1 billion in 2022 to $3.8 billion in 2023. The company's energy generation and storage segment also saw a 12% revenue decline in the first quarter. Despite these headwinds, Tesla's stock rally may reflect short-term factors, including easing market concerns and recent earnings. Investors should weigh ongoing market risks such as US tariffs, fading tax credits, and global conflicts before considering new positions.