Constellation Energy Group, Inc. $CEG saw a modest 1% gain in its stock price on Wednesday following a report from The Wall Street Journal that New York State is preparing to construct one of the first new nuclear power plants in the United States in over 40 years. The move signals a potential shift in national energy policy and creates a strategic opening for CEG, which operates several nuclear facilities in the region.
British fashion retailer River Island has announced plans to shutter 33 stores across the UK, a move driven by declining footfall and a strategic pivot toward digital retailing. The decision could impact hundreds of jobs and reflects mounting pressure on brick-and-mortar operations within the UK retail sector.
OpenAI CEO Sam Altman confirmed that GPT-5 is set for release in the coming months. Designed to consolidate the most advanced features from GPT-4o and o3, the upcoming model is expected to represent a major shift toward generalized and autonomous AI. Altman described GPT-5 as the culmination of OpenAI’s current development arc—an inflection point where scalability meets functional integration.
Solana $SOLUSD demonstrated a significant intraday rebound after briefly falling below the $144 threshold. The move followed Bitcoin’s $BTCUSD surge above $107,000 — a level that acted as a market-wide catalyst for altcoin recovery. At the time of writing, Solana trades at $156.84, reflecting a 7.9% daily gain, and showing resilience after a week of corrective pressure. This rebound, coupled with broader positive sentiment across the crypto market, suggests a renewed appetite for risk assets amid improving macro conditions. While Solana’s current price remains below its April highs, the upside momentum puts focus back on key technical zones that could determine the sustainability of this rally.
Shares of easyJet plc $EZJ.L fell sharply during Friday’s session on the London Stock Exchange, extending a prolonged period of negative momentum for the low-cost airline. As of June 13, 13:26 GMT+5:30, the stock traded at 537.6 GBX, marking a drop of 21.2 points or 3.79% from the previous close of 558.8 GBX. The latest decline highlights a persistent bearish trajectory across short- and medium-term timeframes, despite the stock’s modest positive return over the past 12 months. Market sentiment remains fragile, with investors reacting to both sector-specific headwinds and company-level underperformance.
VeloBank SA, a Polish lender backed by Cerberus Capital Management LP, is accelerating its expansion plans following its acquisition of Citigroup Inc.'s $C retail banking operations in Poland. The move signals a broader consolidation trend in the Polish financial sector, where improving market sentiment and increased investor confidence have triggered renewed M&A momentum. According to CEO Adam Marciniak, the bank is actively exploring additional acquisition targets that align with its strategic objective to scale operations. While no specific institutions were named, Marciniak emphasized that cooperation with Cerberus remains "optimal" and pivotal to the bank’s long-term growth trajectory.
Circle Internet Group's $CRCL recent entry as a public company has been nothing short of remarkable, with its stock witnessing a significant rise over the past two days. This surge has drawn attention to the company behind USDC $USDCUSD, one of the largest stablecoins, highlighting the heightened market interest in cryptocurrencies and blockchain-based enterprises.
Klarna Group Plc has taken a significant step towards operational efficiency by severing ties with Salesforce Inc. $CRM and prioritizing proprietary, AI-powered data processing tools. CEO Sebastian Siemiatkowski disclosed that this transition has already yielded cost savings of approximately $2 million. The Swedish fintech firm previously relied on a fragmented system, with merchant relationship data dispersed across Salesforce platforms, emails, calendars, and cloud-based documents. By unifying these data streams, Klarna aims to bolster efficiency and deepen insights with advanced artificial intelligence.
Shares across Adani Group companies experienced a significant drop on Tuesday following a Wall Street Journal investigation that revealed the US Department of Justice is reviewing potential transactions between the Indian conglomerate and US-sanctioned Iran. The report ignited a sharp sell-off led by Adani Ports & Special Economic Zone Ltd. $ADANIPORTS.NS, whose shares tumbled by as much as 2.7%. This marked the steepest single-day loss in over three weeks for the major infrastructure stock. In total, nine of ten Adani-affiliated securities ended the session in negative territory, signaling broad-based investor anxiety.
Kohl’s Corp. $KSS delivered quarterly results that, while still negative, outperformed market consensus and offered respite amid recent internal disruptions. The retailer reported a 3.9% decline in comparable sales for the three months ending May 3. This contraction came in better than analysts expected, and outperformed Kohl’s own forecast of a 4–4.3% decrease. Net revenue landed at USD 3 billion, aligning with the average Wall Street estimate.
According to internal documents, Nissan Motor Co. $7201.T faces a formidable debt repayment schedule in 2025. In response, the Japanese automaker is actively seeking to secure over JPY 1 trillion (USD 7 billion) by liquidating assets and issuing new debt instruments to stabilize its financial position and maintain operational continuity.
Volvo Car AB $VOLCAR-B.ST is initiating a wide-scale cost-reduction program that involves cutting approximately 7% of its global staff. This decision will result in the elimination of about 3,000 positions, including 1,000 consultant roles. The company currently employs nearly 43,800 people, with a significant portion based in Sweden. The announced restructuring aims to address subdued market demand and maintain the automaker’s profit margins amidst evolving industry challenges.
